Electric Railway Journal, Vol. 75

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Excerpt from Electric Railway Journal, Vol. 75: September, 1931To impute selfish motives to this element is beside the point. Its own attitude is that even if the legal basis of the proposed plan of consolidation is adjudged sound, the plan should be rejected because of its unfairness and financial defects. Yet the consolidation plan was not declared operative until April' 1 last after 90 per cent of the securities had been deposited. Another criticism, leveled by the dissenters, is that after the plan was declared operative, it was found necessary to test its legal basis in the courts. To others it would seem that this was an expedient intended as a safeguard.About the PublisherForgotten Books publishes hundreds of thousands of rare and classic books. Find more at www.forgottenbooks.comThis book is a reproduction of an important historical work. Forgotten Books uses state-of-the-art technology to digitally reconstruct the work, preserving the original format whilst repairing imperfections present in the aged copy. In rare cases, an imperfection in the original, such as a blemish or missing page, may be replicated in our edition. We do, however, repair the vast majority of imperfections successfully, any imperfections that remain are intentionally left to preserve the state of such historical works.