19390103_3_razing

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19390103_3_razing - Capital Invested $12,000,000 At the peak of its...
Capital Invested $12,000,000 At the peak of its operations, the Reading Iron Company's holdings, holdings, in la;. I and equipment, aggregated aggregated a capital investment of approximately approximately $12,000,000. Real estate, it was understood, was given book value In the corporation's balance sheets of approximately $1,000,000. In the last 10 years, it - was estimated that the corporation's corporation's holdings and nvestments had depreciated to a book value of r 'v imately $5,000,000. The capital capital stock of the company was $1,000,000. The tube works, on South Seventh street were rated as the largest investment, with the Roe puddling department on Oley stceet,. aa.vsec - ond. The North Ninth street mills and their, charcoal furnaces were third and the Keystone furnace plunt fourth. For local tax purposes, the plants last year were assessed an aggregate of approximately $1.500.0CO, including including the Keystone.

Clipped from Reading Times03 Jan 1939, TuePage 1

Reading Times (Reading, Pennsylvania)03 Jan 1939, TuePage 1
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  • 19390103_3_razing

    email209 – 29 Dec 2013

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