Chapter 2: Annus Horribilis: 1873, footnote 34, page 56 Ch2 fn. 34 p. 56 Tags: Discursive, Jay Cooke, Histories and Biographies, Capital/Finance This stock had a par or face value of $41 million and was arbitrarily assigned a value of $600,000. The stock would be issued incrementally as the road was completed. The bonds were a paying investment. See Larson, Jay Cooke, 286.
