Gas, electric and telephone companies have for some time undertaken to market at least part of their obligations among their patrons, but the application of this practice to railway financing is novel. Recently, the New York, New Haven & Hartford Railroad, whose financial ups and downs have affected the greater part of New England, decided to try the expedient.
It needed $23,000,000 and it put the matter up to manufacturers, bankers, insurance men of the territory it served. They put their heads together and agreed that it was to their interest to help. So...
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