Railroads of New York : A Study of Government Aid, 1826–1875

Public assistance for the construction of railroads was far greater in amount and continued for a longer period of time than is commonly recognized. This account throws much new light on such developments as the consolidation of the New York Central in 1853, and the widespread repudiation of municipal obligations that had been issued for the building of railroads. Maps and tables help the reader to determine the record of investment in any locality in New York. Preface CONTENTS Foreword ONE. Sources of Railroad Capital TWO. The Law of Municipal Bonding THREE. The Period of Promotion FOUR. A Municipally Owned Railroad FIVE. Repudiation of Railroad-Aid Bonds SIX. The Sale of Stock NOTES Notes APPENDIX: MAPS, CHARTS, AND TABLES BIBLIOGRAPHY INDEX APPENDIX: MAPS, CHARTS, AND TABLES BIBLIOGRAPHY INDEX