Obsolete American Securities and Corporations, Illustrated with Photographs of Important Repudiated Bonds (Google eBook)

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R.M.Smythe, 1911
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An excellent source for collectors of vintage stocks and bonds. It contains a list of expired companies and their dates of demise, as well as merged corporations under the old and successor names. The heralded schedule of photographs were not present - this part of the book apparently was not scanned. The introduction is worth the price of admission - very amusing and trenchant commentary from Mr. Smythe. 

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Page 9 - No money deposited as aforesaid shall be withdrawn except by order of the judge or judges of said courts, respectively, in term or in vacation, to be signed by such judge or judges, and to be entered and certified of record by the clerk; and every such order shall state the cause in or on account of which it is drawn.
Page 20 - ... many cases these negotiations are spread over many years, and the expenses involved are often very heavy, especially in instances like that of Virginia, where costly and complicAted legal proceedings were undertaken on behalf of the Bondholders against the State, and case after case was carried up to the Supreme Court of the United States. Apart from the outlays involved in such negotiations and litigation, the ordinary expenditure of the Corporation averages between 9,000 and 10,000 a year.
Page 9 - Section 3709 of the Revised Statutes of the United States is hereby amended to read as follows...
Page 19 - The principal object of the corporation is the protection of the interests of the holders of foreign securities. In addition to this, however, it keeps elaborate records regarding the economic and financial condition of the various states with whose debts it is called upon to deal, and these records are readily placed at the disposal of investors or other interested parties. The Annual Reports of the Council contain a large amount of valuable information and are circulated all over the world.
Page 20 - Council act gratuitously, but on the other hand they incur no pecuniary responsibility, and if a settlement is arrived at, the Council are authorised to pay the members of the Committee concerned in such settlement a moderate fee for each attendance. No such fees are, however, paid to the President or Vice-President of the Council, and as regards other members of the Council who serve on the Bondholders' Committees, the amount received by them on this account is quite insignificant!
Page 9 - And it shall be the duty of the judge or judges of said courts, respectively, to cause any moneys deposited as aforesaid, which have remained in the registry of the court unclaimed for ten years or longer, to be deposited in a designated depository of the United States, to the credit of the United States.
Page 19 - State shall or shall not be recommended to the acceptance of the general body of the creditors. The Council, of course, reserve entire freedom of action to themselves, but happily no case involving any material difference of opinion has yet arisen, and the history of the past thirty-six years shows that the relations between the Council and the various Bondholders' Committees have been of a thoroughly harmonious and cordial character.
Page 3 - And such bonds shall be issued from time to time as they may be required for use. The expense of preparing such bonds shall be audited as a claim against the "soldiers' relief fund,
Page 19 - In the case of the default of a foreign state, or in other circumstances where the rights of bondholders are interfered with, the practice of the council is...
Page 19 - Committees maybe kept in touch. These Committees carry on the negotiations for a settlement, and advise the Council as to whether proposals made by a foreign State shall or shall not be recommended for acceptance by the general body of the creditors. The Council, of course, reserve entire freedom of action to themselves, but happily no case involving any material difference of opinion has yet arisen, and the history of the past...

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