FAILURE OF RAILWAY
Receiver Takes Over Line
Vancouver, September 1.
A message from Jacksonville states that the Florida East Coast Railway of 500 miles, founded by the late Henry Flagler, pioneer In the development of Florida, went Into the hands of a receiver today. The line has lost 5,000,000 dollars In its operations since 1928, and was unable to meet the Interest due to-day on 45,000,000 dollars bonds outstanding. The railway Is believed to be a casualty of the deflation of the Florida land boom.
Permanent link to this item
https://paperspast.natlib.govt.nz/newspapers/DOM19310903.2.74
Bibliographic details
Dominion, Volume 24, Issue 290, 3 September 1931, Page 9
Word Count
85FAILURE OF RAILWAY Dominion, Volume 24, Issue 290, 3 September 1931, Page 9
Using This Item
Stuff Ltd is the copyright owner for the Dominion. You can reproduce in-copyright material from this newspaper for non-commercial use under a Creative Commons BY-NC-SA 3.0 New Zealand licence. This newspaper is not available for commercial use without the consent of Stuff Ltd. For advice on reproduction of out-of-copyright material from this newspaper, please refer to the Copyright guide.
Log in