铁路债券
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He planned to sell one hundred million dollars' worth of railroad bonds.
他计划发行一亿美元的铁路债券。
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Soon, his banks had no money left. They could return no money to the thousands of people who had bought railroad bonds.
许多人购买了库克的铁路债券,但库克并没有如愿发行他希望的一亿美元的债券,很快,他的银行没有钱了,他的银行没有钱来偿还那些购买铁路债券的人钱。
They could return no money to the thousands of people who had bought railroad bonds.
VOA: special.2010.02.25
"No utility bond defaulted during the 1930s, while virtually all the railroad bonds defaulted, " he says.
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Nobody professed to understand the question of the frozen railroad bonds, perhaps, because everybody understood it too well.
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Corporate bonds followed along: the yield on long-term high-grade railroad bonds in the United States was 3.18% in 1900.
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