Zur Geschichte und Theorie des Bergregals und der Bergbaufreiheit

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Monograph

Identifikator:: 101034126X

URN:: urn:nbn:de:zbw-retromon-20183

Document type:: Monograph

Author:: Arndt, Adolf http://d-nb.info/gnd/117662690

Title:: Zur Geschichte und Theorie des Bergregals und der Bergbaufreiheit

Edition:: Zweite verbesserte und vermehrte Auflage

Place of publication:: Freiburg im Breisgau

Publisher:: J. Bielefelds Verlag

Year of publication:: 1916

Scope:: 1 Online-Ressource (288 Seiten)

Digitisation:: 2018

Collection:: Economics Books

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Document type:: Monograph

Structure type:: Chapter

Title:: Das Sächsische (Freiberger) Bergrecht

Collection:: Economics Books

212 The Stock Market Crash—And After or to finance their needs except by bonded issues. But, in 1929, the New York, New Haven and Hart- ford Railroad also decided to fund its bonded indebtedness. While the stock price level rose in the long bull market, investors increasingly took the new view of the relative merits of stocks and bonds for invest- ment. They no longer distrusted company shares. They responded whole-heartedly to the invitation to share the risks and advantages of partnerships. Not only individuals but institutions began to buy stocks in certain proportions through their bonded invest- ments. From Yale University, for example, came the re- port of the University Treasurer, in October, 1929, that of its investments, bonds comprised only about 38 per cent; mortgage loans 13 per cent; real estate 12 per cent; and stocks about 33 per cent. These proportions were in strong contrast with 1919, when 63 per cent of Yale's investments were in the form of bonds and only 10 per cent in the form of stocks. But Yale had learned her lesson during the war and post-war inflation of commodity prices, which de- preciated the purchasing power of the dollar to such extent that a “drive” was instituted to increase the University’s endowment for salaries of its teaching staff by $20,000,000. Savings Institutions Turn to Common Stocks [nvestments in common stocks by large estates had so increased, by 1929, that Arthur W. Loasby,

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