The Mechanism of Capital Control of Railroad Companies since the Mitre Law

The law Mitre 1907 established a new railway policy, which basically consisted of railways operated by private companies, mainly British, and they are profitable to remunerate the capital and to continue to invest in the system. The law of gave some advantages to companies but established interventi...

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Detalles Bibliográficos
Autor principal: Waddell, Jorge Eduardo
Formato: Artículo publishedVersion
Lenguaje:Español
Publicado: Centro de Estudios de Historia Económica Argentina y Latinoamericana (CEHEAL) 2013
Materias:
Railways
Capital
Control
Ferrocarriles
Acceso en línea:https://ojs.economicas.uba.ar/H-ind/article/view/424
https://repositoriouba.sisbi.uba.ar/gsdl/cgi-bin/library.cgi?a=d&c=hindus&d=424_oai
Aporte de:
Repositorio Digital de la Universidad de Buenos Aires (UBA) de Universidad de Buenos Aires
id I28-R145-424_oai
record_format dspace
spelling I28-R145-424_oai2025-02-11 Waddell, Jorge Eduardo 2013-05-17 The law Mitre 1907 established a new railway policy, which basically consisted of railways operated by private companies, mainly British, and they are profitable to remunerate the capital and to continue to invest in the system. The law of gave some advantages to companies but established intervention rates where profitability reached certain index over three years. So for the calculation of the rate of return was essential to fix the capital invested by the companies. The railway Bureau was the body responsible for the task. The study of capital began in 1908 and advanced until 1910. 1911 And 1912 exercises developed into a discussion of items that should be excluded, and from there, there was no interest neither the Government nor the companies to establish the capital what was done with considerable delay and almost to fill a formality. The paper analyses the operation of this mechanism in the Southern Railway and four other companies. La ley Mitre de 1907 estableció una nueva política ferroviaria que básicamente consistía en que los ferrocarriles sean explotados por empresas privadas, mayoritariamente británicas, y que las mismas sean rentables para remunerar el capital y para seguir invirtiendo en el sistema. La ley le daba algunas ventajas a las empresas pero establecía la intervención en las tarifas en caso de que la rentabilidad alcanzase determinado índice durante tres años. Por ello para el cálculo de la tasa de rentabilidad era imprescindible fijar el capital invertido por las empresas. La Dirección de Ferrocarriles era el organismo encargado de esta tarea. El estudio del capital comenzó en 1908 y avanzó hasta 1910. Los ejercicios de 1911 y 1912 se trabaron en una discusión sobre partidas que debían excluirse y a partir de allí no hubo interés ni del gobierno ni de las empresas de establecer el capital lo que se hizo con bastante tardanza y casi para llenar una formalidad. El artículo analiza el funcionamiento de este mecanismo en el Ferrocarril del Sud y en cuatro otras empresas.  application/pdf https://ojs.economicas.uba.ar/H-ind/article/view/424 spa Centro de Estudios de Historia Económica Argentina y Latinoamericana (CEHEAL) https://ojs.economicas.uba.ar/H-ind/article/view/424/777 H-industria. Journal of the History of Industry and Development in Latin America; No. 7 (4): Segundo semestre de 2010; 1 H-industria. Revista de historia de la industria y el desarrollo en América Latina; Núm. 7 (4): Segundo semestre de 2010; 1 H-industria. Revista sobre a história da indústria e desenvolvimento na América Latina; n. 7 (4): Segundo semestre de 2010; 1 1851-703X Railways Capital Control Ferrocarriles Capital Control The Mechanism of Capital Control of Railroad Companies since the Mitre Law El mecanismo de control del capital de las empresas ferroviarias a partir de la Ley Mitre info:eu-repo/semantics/article info:eu-repo/semantics/publishedVersion https://repositoriouba.sisbi.uba.ar/gsdl/cgi-bin/library.cgi?a=d&c=hindus&d=424_oai
institution Universidad de Buenos Aires
institution_str I-28
repository_str R-145
collection Repositorio Digital de la Universidad de Buenos Aires (UBA)
language Español
orig_language_str_mv spa
topic Railways
Capital
Control
Ferrocarriles
Capital
Control
spellingShingle Railways
Capital
Control
Ferrocarriles
Capital
Control
Waddell, Jorge Eduardo
The Mechanism of Capital Control of Railroad Companies since the Mitre Law
topic_facet Railways
Capital
Control
Ferrocarriles
Capital
Control
description The law Mitre 1907 established a new railway policy, which basically consisted of railways operated by private companies, mainly British, and they are profitable to remunerate the capital and to continue to invest in the system. The law of gave some advantages to companies but established intervention rates where profitability reached certain index over three years. So for the calculation of the rate of return was essential to fix the capital invested by the companies. The railway Bureau was the body responsible for the task. The study of capital began in 1908 and advanced until 1910. 1911 And 1912 exercises developed into a discussion of items that should be excluded, and from there, there was no interest neither the Government nor the companies to establish the capital what was done with considerable delay and almost to fill a formality. The paper analyses the operation of this mechanism in the Southern Railway and four other companies.
format Artículo
publishedVersion
author Waddell, Jorge Eduardo
author_facet Waddell, Jorge Eduardo
author_sort Waddell, Jorge Eduardo
title The Mechanism of Capital Control of Railroad Companies since the Mitre Law
title_short The Mechanism of Capital Control of Railroad Companies since the Mitre Law
title_full The Mechanism of Capital Control of Railroad Companies since the Mitre Law
title_fullStr The Mechanism of Capital Control of Railroad Companies since the Mitre Law
title_full_unstemmed The Mechanism of Capital Control of Railroad Companies since the Mitre Law
title_sort mechanism of capital control of railroad companies since the mitre law
publisher Centro de Estudios de Historia Económica Argentina y Latinoamericana (CEHEAL)
publishDate 2013
url https://ojs.economicas.uba.ar/H-ind/article/view/424
https://repositoriouba.sisbi.uba.ar/gsdl/cgi-bin/library.cgi?a=d&c=hindus&d=424_oai
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AT waddelljorgeeduardo elmecanismodecontroldelcapitaldelasempresasferroviariasapartirdelaleymitre
AT waddelljorgeeduardo mechanismofcapitalcontrolofrailroadcompaniessincethemitrelaw
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