Historic Figure

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    Historic Figure

    The amount that is raised is often used for daily operations such as inventory

    purchase, purchase small equipment, manage unexpected expenditures and to cover the

    cyclical business fluctuations. In case of Rosario Acero the total amount needed to pay down

    as working capital line of credit is 4.8 million. The company has maintained its line of credit

    with Banco de Sol of Buenos Aires. The line was maintained 2 percent higher than the

    average market rate since it was not backed by any collateral that is the receivable and

    inventory rather was supported by personal guarantee and commercial real estate. The second

    purpose of long term financing is to repay the long term debt. The long term debt that the

    company has pursued will mature in next 6 months; therefore it is high time for the company

    to make arrangements to pay its long term debts. The total amount of long term debt is $9,

    75,000.

    Francis Marion Pool played a pivotal role during the Civil War in Missouri and he

    was the only notable Quantrell who survived the ferocious Civil War. It is believed that

    Captain Dave Pool died on May 30, 1899 due to prolonged illness. Dave Pools war tactics

    and strategies are best revealed during the Lawrence raid in 1863. Similarly, he undertook

    remarkable operations in March 1865 with Arch Clement, Jim Anderson and 144 other men

    in Sherman, Texas. There are many who hold that Dave Pool is named after the famous

    Revolutionary War guerrilla, Francis Marion who was also known as the Swamp Fox.

    The Missouri-based band was formed in December 1861 by William Clark Quantrill

    and originally consisted of only ten men who were determined to right the wrongs done to

    Missourians by Union occupational soldiers (Longley & Eby, 2010). Kansas Jayhawkers and

    the Red Legs who have widespread in Missouri were their prime enemies. Quantrill formed a

    small guerrilla unit at the outbreak of the American Civil war that aimed to attack the small

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    groups of Union soldiers. The growth of the army was so fast that it had many branches in

    various parts of the country. It should be noted that Several times they came across their

    counterparts who were called the "Jayhawkers", these were an unruly band of Union militia

    based in Kansas As the main aim of the Quantrill army was the wiping away of the Union

    Army, the Union Army commanders regarded him as an eye sore and therefore, declared him

    as outlaw and put prize on his head. They were, by no means, ready to acknowledge his

    fighting and as such they considered him nothing more than a desperado and free ranging

    terrorist, a loose cannon who lived by his own rules Army was not entirely true. The

    systematic procedures, like the official army with captain and other fellow soldiers, paved for

    the way for the growth of the army.

    The underserved popularity made Quantrill more audacious that he attempted more

    attacks. One of such a serious attack was on August 21st 1863, when Quantrill's raiders

    comprising of over 450 guerrilla and partisan fighters attacked the city of Lawrence in

    Douglas County, Kansas (Quantrill, n. d.). The battle took place on 23rd evening when Bill

    Andersons band attacked a Union baggage train and scattered the 80-man detachment of the

    Third Missouri State Militia Cavalry who were on guard.