IN RECEIVER'S HANDS
RAILWAY IN FLORIDA UNABLE TO MEET INTEREST. NEW YORK, September 1. A message from Jacksonville (Florida) states that the East Coast railway, founded by the late Mr Henry Flagler, pioneer developer of Florida, went into the hands of the receiver today. The railway had lost 5,000,000 dollars in operations since 1928, and was unable to meet the interest due to-day. Bonds amounting to 45,000,000 dollars are outstanding. The railway is believed to be a casualty of the deflation in the Florida land boom.
Permanent link to this item
https://paperspast.natlib.govt.nz/newspapers/ODT19310903.2.61
Bibliographic details
Otago Daily Times, Issue 21430, 3 September 1931, Page 9
Word Count
86IN RECEIVER'S HANDS Otago Daily Times, Issue 21430, 3 September 1931, Page 9
Using This Item
Allied Press Ltd is the copyright owner for the Otago Daily Times. You can reproduce in-copyright material from this newspaper for non-commercial use under a Creative Commons New Zealand BY-NC-SA licence. This newspaper is not available for commercial use without the consent of Allied Press Ltd. For advice on reproduction of out-of-copyright material from this newspaper, please refer to the Copyright guide.
Log in