, 1866-12-27

tain per Ei!c HRS O. cents. or fsts for the douo
TIP OF four huudrrd miles. leaving <53e prod:s
applJ On dividends. The failing of in dividend
sinis5 eouts., t Il bcsWeea The @ s" eu
thc Great Western. Tor the London and Readlr
Gsf.e. listed about year and ah.ff; First cla.
cents ard second class for ,hirfy-six oaut.. i
ta:s g. c tho company lost nothing br tho change
IN 9Th they paid the zane Dividends, and wsr
The EdInbHrf b 4: Glasgow entered into compel
tion with !Le CaledoEiaE Company: both p.rt,e
5saassS Led ID rhel5 AZ. t.Fs' = follows: fif. ss:.
eiiat., iah., fosty-two cents; third c!,st, txent.
tns! CO.. q nveyance, bit tie dividcnds o. IT,
Caledoni:n Eca.ly onc-ha1f Of one per cvat- III
effect Of the immense reduction Of fares Is mnci
n come casa as scscn-eict!hs, was either no rc
f9; travelling 2,as0 niIe.-osing shc dis,snc: B
e., ss9S eeS ana e ana x
that II the ryEten Of low farc. bad bcen p:rI,cd
n. tIarel o1ld hare Increased and The dividends
.asc es 1T be hE
They get Iron cheaper 1t 's .s1c but On The othef
pahass soeg 10 md
The cost, per mile, Of ,he Charm. cross s.iIwsx
~ ~ eyer seyen millions Of go'd dollars PCT nile,
ihat has not paid i!,nrs over as ,auch 10. rnsaw
g Ae one IN iae t'ciaa4, Transportation, a COM
GGn,x Gn,GG "11h Hnf e1seps oc ;ssr 70 tas
EuElifh locomotives.
aeedy @ooopos: ag tRe1 io baa aesa
without money or any capital except chatter,
md 1npudcnee enough to make The most OF H.
Mils s6a'tst .S o. stupcpeoas p1silesss ,hey
build i miserable siuclo trnck, go IN debt far
wsetehc4 e9aipmeut aud begin rqan'ng theIt Sec
feiyins upon e1cat proats n The fatnse1 TO reiss
the track, equip The road, and build station houses
and 1epoe.
Sir Norton Pcto, in his "Resources Of Amer
tho great vol ktug expenses Of American railroads.
oyci English from the fact That large proportion
of the cost Of construction il thrown. not Upon
capital. but upon revenue. account In Ame::ca
We End no ltss than thirty -four cents per train per
mile, md neatly a qnaEter Of the entire cost OF
tu!e due Exclusively to capital account. These
railways earn much more than they distribute.
The equipment Of The line, be sa5s, having been
an undue proportion for repairs, renewals, aad
additions tn The tolln: elICk; and the wear Q.
!hc rolling e1ocss y more rapid. BY reason OF the
hts the nail On the head. 1t Is bis opinion that
ral,c2 so!id!y built. well equipped md paid for,
It e ssasSe 10 IL u Il
mile, as the roads arc Tow bni!t antegnippcd. Tie
xi:ir, Ia 1nncb hionrr ,hnn the eo.i m IT, En"'
lish railNa5s. We all remember Sir Morton
do dorbietsack rniiwas Va that would Iaaspo:t M com com
from Chicago 10 New Yots at twenty. .dye cent. a
huthtl. ! 'hfnk he conld, and make millions hy
.t,cn ~ rnl;re,5s tas y. M
ahiy rair raijeosa anthnr,1r par % ee hnnd IN thc
report on 1asfs cads made to the New York Lecis-
3S+61rr1 T9rttrn t+n Ht Hfr 4trfnM
drnrc ;h fo'atno I,nst1 aa:r H. ro.t n1 ttpns
rosanoi1 'cs.n iano PET .on res ~ m1!s . On ne
~ nrean .tnr; $500 cao 81 - ~. 1, - ~. ~
likes. ionc Toyace' niis m Ike Likes ~ short %t
n,i!is iH or He hhi;ielss'pp, ~; aHa ~: iaSrssce:
5fs o:a,n.ry eansl': @iils: 9S lie 1a'l1osd:, % t.
73c Icas r. n.!td 9as rs made 9J railroad mas.
asiE; mils may s,,9 be applicable TO the SsT fot
.srr a ;nte,sact nrarsns 1911. ~
n. 1 FIT ante.sGf"a Gy nametas Ct sueas
s'atf. where nature b. done the less.ltn:. A.
m;sas, ~, 70 m * 20 oe aau uat toa ~
4 ~ ~. asctase passees oa enta s'1es
ana NC eent aaa qqas hs
" pass % 70 otess g. Gyadsnee on sne sano polrt'
ype ls;s Wse9 a bsose ~ eonmsss eas e of H. S.s
saehnsetts Legislature, said: ave arc carrying
itcishi 10 Ch1eago to.day lor something FL Hkc Ten
Ne"f AAI.A.4ko ~t 0H~At ssaoS 14AS7s
Or l.a!e more than that By one ronte. think We
afe not making any money a. Al on thas to-daE.
M We are obla@ed 10 Keep The market Our
11ea If, tne more We eatent onT business the
chsareE ~ can do 1t, up 10 the cntiro capacity OF
OUT rod.
M. chaplin tbe lTeeldcnt Of the Western RaL-
ista- OF Massachnsets, IN his testimony before
tac sane committee. sAss OF The above N the
case Gen. Stark spoke Of carrying freight 10
th,eaCo; The pricr would be ctlnt ton per
mile ! presume the expenses to-day. divided
upon al biz freight. wonld be a cent and half
ttr ion ne actual coat, but don't tht1k It would
neet @ @teeaiil{ iol'o% tnst be would ioIc money On
tliat freight Although he IL doing ceEtuln
amt mt q business, be don't get cent for these
e9ss would a. 70 oack empty. Accounting, tacn,
ton u frcish, ~ saiie rom Roe;an 70 GhicarS
nc tc!i-e!oscftns ei c:cs. equivalent 70 tho