It thus appears that the assessments varied from $7.20 on the East Tennessee to $20 on Reading common, with less sums on the preferred stock and the junior securities.[698] The real sacrifice demanded of the stockholders is ascertained by deducting from the above the value of securities given for assessments whenever such were allowed. Taking for the purpose the market quotations of these securities six months after actual reorganization, that is, after the sale of the road, or the putting into effect of the plan proposed, it appears that the common stock of the Atchison received $1.90; that of the Baltimore & Ohio $15.20; that of the Richmond Terminal $5.02; that of the East Tennessee $3.55; and that of the Union Pacific $8.10. The Erie, the Northern Pacific, and the Reading gave nothing for assessments in the nineties.[699] Preferred stock, whenever assessed, received the same relative amount and kind of securities for assessment as did the common stock, and the same is true of the junior securities. Since, however, these new securities had but a prospective value at the time of the issue of the various reorganization plans, it is advisable to make no attempt to determine precisely the net assessment, and to call attention to their allowance merely as a fact on which the stockholders could rely as they could count on a future rise in the value of their shares. With this qualification the relative height of assessments and stock quotations one month after the publication of each reorganization plan, and six months after the completion of each reorganization may be given. _Six Reorganizations, 1893–8_ _Common Stock_ _Preferred Stock_ _Price _Price _Price 6 months _Price 6 months 1 month after 1 month after _Assess- after reorgan- _Assess- after reorgan- ments_ plan_ ization ments_ plan_ ization_ Atchison $10 $ 5¾ $13⅛ B. & O. 20 12⅜ 56¾ $20 $114 Erie 12 8½ 14⅛ 8 $22 36⅛ N. Pac. 15 1½ 13¼ 10 10 26¼ Reading 20 2½ 22¼ Richm. Term. 10 2⅞ 11⅜ E. Tenn. 7.20 ½ 6⅕ 3 10 13¼ U. Pac. 15 10⅛ 20 _Four Reorganizations before 1893_ E. Tenn., ’86 6 2½ 5⅘ Erie, ’59 2½ 2½ Erie, ’77 4 18½ 2 29 Reading, ’86 10 38⅜ 58 10 53¼[700]