How Long to Read Lost in Florida: Prelude to Equipment Finance

How Long Does it Take to Read Lost in Florida: Prelude to Equipment Finance?

It takes the average reader 3 hours and 55 minutes to read Lost in Florida: Prelude to Equipment Finance by Michael J. T. McMillen

Assuming a reading speed of 250 words per minute. Learn more

Description

In 1836 The Proprietors of Locks and Canals on Merrimack River sold two locomotives to a start-up railroad in the Florida Territory. The Pensacola Railroad never built an inch of track or a whit of system infrastructure. The railroad was mere conception. Part of a grandiose scheme of a group of Floridians, led by William H. Chase, to channel cotton and lumber from Alabama and Georgia through Pensacola Bay. The Floridians would reap the benefits through a Pensacola real estate development project and the new Bank of Pensacola. The bank controlled the railroad. It was intended to control U.S. federal government largess for building forts and military installations in Pensacola and the Gulf of Mexico. The Bank of Pensacola issued bonds to finance the scheme. The Florida Territory guaranteed the bonds. Northern financiers were enlisted to purchase the bonds. Those financiers took control of the Bank of Pensacola and the real estate development project. The Bank of Pensacola collapsed in the Panic of 1837. Florida repudiated its bond guarantee. The two locomotive engines disappeared. Patrick Tracy Jackson, the Locks & Canals treasurer, took his lessons from the Pensacola Railroad debacle. In subsequent engine sale transactions, Jackson developed the core elements of an equipment finance structure. The structure was refined in rolling stock sales to the Baltimore & Susquehanna and the Philadelphia & Reading. It was the core of the Schuylkill Navigation boat loans and the car and equipment trusts of Lehigh Coal & Navigation, the Jersey Central, and the Pennsylvania Railroad. It is used still for financing acquisitions of all manner of equipment and projects. This book explores the intricate web of transactions surrounding the Locks & Canals sale of locomotives to the Pensacola Railroad and the mystery of the two lost engines. Available formats: (a) hardcover with color interior; (b) paperback with color interior; and (c) paperback with black and white interior.

How long is Lost in Florida: Prelude to Equipment Finance?

Lost in Florida: Prelude to Equipment Finance by Michael J. T. McMillen is 228 pages long, and a total of 58,824 words.

This makes it 77% the length of the average book. It also has 72% more words than the average book.

How Long Does it Take to Read Lost in Florida: Prelude to Equipment Finance Aloud?

The average oral reading speed is 183 words per minute. This means it takes 5 hours and 21 minutes to read Lost in Florida: Prelude to Equipment Finance aloud.

What Reading Level is Lost in Florida: Prelude to Equipment Finance?

Lost in Florida: Prelude to Equipment Finance is suitable for students ages 12 and up.

Note that there may be other factors that effect this rating besides length that are not factored in on this page. This may include things like complex language or sensitive topics not suitable for students of certain ages.

When deciding what to show young students always use your best judgement and consult a professional.

Where Can I Buy Lost in Florida: Prelude to Equipment Finance?

Lost in Florida: Prelude to Equipment Finance by Michael J. T. McMillen is sold by several retailers and bookshops. However, Read Time works with Amazon to provide an easier way to purchase books.

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