Re: [Rails-devel] Emergency train purchases

[Erik V. <eri...@xs...>]

> -----Original Message-----
> From: John David Galt [mailto:jd...@di...]

> > 1. If a company has no train, it can buy any train on offer from Bank,
> > Pool or other companies (at any price) that is has enough cash for.
> > It is always obliged to buy a used (Pool) train that it can pay for,
> > if it cannot afford a new (IPO) train.
> 
> Not true for 1835.  There, the president may add cash to buy the cheapest
> new train from IPO even if the company can afford a train from the bank
> pool.
> I believe this goes for 1837, too.

I have checked the English and German rules again.  These aren't very clear,
but I must admit that these can well be interpreted the way you do.  

The 1837 rules are almost identical. There, the relevant rule XI.11 says:
"If there is a choice of trains available (either from the Bank Pool or from
another company) the director may decide which to buy", which leaves me
wondering why only the Bank Pool is mentioned, and not the Bank initial
offering (other usage of the word Bank Pool in the 1837 rules make it clear
that the Pool is distinct from the initial offering). 
Your version of the 1837 rules has many clarifying comments, but not one
that deals with this issue in any way.

This all still leaves me in doubt.  But if no strong contrary arguments
arise, I will take over your position.
 
Erik.