Business & Finance: Great Northern Settlement

One notable thing about Great Northern R. R.'s capitalization is the total absence of common stock.* Another is a $100,000,000 issue of bonds on which this conservative carrier has been paying 7% interest since the securities were offered in 1921. The bonds mature next summer and like the good manager he is. President William P. Kenney started months ago to lay plans for meeting them. It is the biggest railroad maturity of 1936. Mr. Kenney's 8,300-mile system has been a good client of the House of Morgan and George Fisher Baker's First National Bank since the old Hill days.

President Kenney was...

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