Timber Bonds (Classic Reprint) - Hardcover

Inhaltsangabe

Excerpt from Timber Bonds

There are some speculative timber bond oper ators now doing business and some issues at present outstanding that Will default. Less than half of one per cent of the dealers can be classed as speculators, or With a tendency toward rapid riches. Amongst no other class of bond dealers is the percentage of legitimate, conservative and careful operators so large as in the Tim ber bond field.

The serial is the only safe timber bond and the last maturity must fall due while there is ample stumpage standing to protect the prop erty until the trust deed is fully satisfied and the Trustee released. The sinking fund clauses should cover this point clearly and thoroughly. A careful reading of the chapter on sinking fund Will enable the student or banker to form safe conclusions.

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