Railway promotinh/ issues
Encouragement was then given to Russian financiers, and in the middle of the 1860's there began a real orgy of railway promoting and speculation in railway securities. Confidence in Russia having in the meantime been restored, railway issues found eager purchasers abroad, especially in Germany and England. The scandalous involvement of higher bureaucrats in railway promoting forced the government to prohibit responsible officials from participating in private railway companies (1868); this rule, however, was never fully enforced.
Could you please tell what the bolded exprssions mean in the context? Thanks.
Top answer
Vladv railway promoting In order to build a railway, you had to raise funds. The first step was to create a plan for taking something from one place to another by rail—ore to a smelter, slate to a port, coal to a city, etc. You would then present that plan in the best possible light to attract investors, you would "promote" your proposed railway.
- Vladv railway promoting In order to build a railway, you had to raise funds.
- The first step was to create a plan for taking something from one place to another by rail—ore to a smelter, slate to a port, coal to a city, etc.
- You would then present that plan in the best possible light to attract investors, you would "promote" your proposed railway.
- Vladv railway issues "An issue is a process of offering securities in order to raise funds from investors.
- asp )
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Vladvrailway promoting
In order to build a railway, you had to raise funds. The first step was to create a plan for taking something from one place to another by rail—ore to a smelter, slate to a port, coal to a city, etc. You would then present that plan in the best possible light to attract investors, you would "promote" your proposed railway.
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