This seminal study explores the financial condition of two of New England's most important railroads at the beginning of the 20th century. Written by future Supreme Court Justice Louis Brandeis and his sister Susan, this work reveals the inner workings of the railroad industry and sheds light on the financial practices that led to the Panic of 1907. A must-read for anyone interested in financial history or the history of American railroads.This work has been selected by scholars as being culturally important, and is part of the knowledge base of civilization as we know it.This work is in the "public domain in the United States of America, and possibly other nations. Within the United States, you may freely copy and distribute this work, as no entity (individual or corporate) has a copyright on the body of the work.Scholars believe, and we concur, that this work is important enough to be preserved, reproduced, and made generally available to the public. We appreciate your support of the preservation process, and thank you for being an important part of keeping this knowledge alive and relevant.