The spirit of democracy. [volume] (Woodsfield, Ohio) 1844-1994, 1876-02-01

Agricultural Products, 10000
Live Stock, 10000
Lumber, $4,000
Passengers, 10000
Mails, Express, &c, 5000
easSa.ssIsasrnnhipss.D easSa.ss Isasrnnhipss.D. ,25lss ssoo5so
Deduct SO per cent for opera
ting expenses, 10000
Net earnings, Z ! TCBl50,OO0
Ten per cent divid nd On $7loSSItI I
600, cost Of II miles, 7l,OOO
Leaving a& $4,000
For the extension al. .theshne.
The gross earnings are estimated at
low figure, while the operating expenses
a'e placed At SO per cent, that being the
full average for Narrow Gauge Railways
in the United States.
+ The estimate, $4,000, for the cost
tof the first Il miles, is full, as this por-
ton of the road Is over very level and
fcheap country for construction. 7a1
Pc II We estimate the gross earnings for
fthe first year at only sl50,000, and the
operating expenses at SO! per cent, or
S75 600, we have 876 900 left from which
ito declare dividend of 10 per cent, or
elI, 900, aud still have surplus of S4,.
| 600. =. ,s~s = s.
F. Estimating the. .distance-Dayton to
fChilicothe-at ] miles,, and tue gross
earnings at $500, ,000i the average earn
1ings per mile would be $4s28I. while S6,-
1000 per, .mile-a low estimate-would
give S355, 900 as the gross earnings.
p .Deducting so per cent as operating ex-
/ penses, leaves $l77 500 as net earnings.
+ Deductil0 per cent as dividends, and
I've have Sl06,50o for the further extern
sion of the line. iii eli bss sss7 ...rri4
| Estimating the ,distance--Dayton to
fGsllipolis-at las miles. and the coat at
t8l 2, 900 per mile. equipped, gives . total
fcost, Of $l,740, 900. + Placing the earn;
1ings at 81, 1000 per mile low estimate
would ~. I'D give .i tg total gross earnings Of
Deduct so per cent for operating, ex: ;:
penses, leaves $685., 500 as net earnings,
ior 81 per cent on the capital stock. . 70
l. These estimates Of earnings are pur.
Iposely made low, as the company prefer
to under estimate rather than over.esti.
mateSits business. dsIasv s1oVS .faa o
l. The operating expenses have in each
estimate been placediat SO per cent, al.
though Narrow Gauge Railways are
practically demonstrating that they can
be-xurkedss-iox % 45-per cent.
/ Tae Company have determined 10 cen;
|struct 3-foot gaugeread, Tor the rea-
sons: .------
First. Thatit Willcost less than one
third as much as ahs standard. gauge
roads of 4 feet 81 inches have actually
cost, and less than oEe-haf as much as
they should hayecost. IS " 'aiiiieli5t y
L Second. Because its interest account
| iif any) win be less than one fourth as
much al that Or the standard gauge. 8 2ts
Third. Because, as practically demon
sttated by Narrow Gauge Railways in
actual operation, the operating expenses
will be 25 per cent less than that Of the
more costly rose. asi.io2 gates az 2
/ Fourth. Because the first cost will be
only $4,000 per mile, as against S54,.
600 per mile, the average cost OF rail-
ways in Ohio. 'sbs
/ Fifth. Because from its small cost,
hight operating expenses and greatly re.
tduced account, (ifaany,) it can afford
rates thatiwilI give O. good margin for
profits but which any standard gauge
troad adopting, would lose money. s97l q.
Sixthu Because the Marrow Gauge, Of:
sfering lower rates than the standard
tgsuge, (on either side OF III can posi-
bbly do, without loss OF money, will al.
itraot capital, will invite immigration to
bits section, will draw the manufacturer
/ 1torits line, and because it will give to the
farmer, merchant and manufactures,
blower rates thanican beFobtained by theil
Ifcompetitors ona neighboring standard:
fgauge roads, and thus giyesa greater i'm,
3petus to all interests than the standard
fgaage with its great cost, and tneoessari
by higher5rates. could possibly do be
1 Seventh. Beesuse theelow rates of th.
NsrrowsG Gauge will stimulate old inter
ests, and develop dormant ones, to4l
4 mnch. Greater Iertent than ,tha necessar;l,
Ih;oh rstes of a more cos,lv road couli
Ido'
4 Eiohth R,us Because tbe large saving II
isrst enst ;n.erssf .cconni ana oneraf;no,
/ s,Snenses togesher .;tE the .av;nao !,
/ 49, woniJ = saysI onnonS ded IA,
a $500 "a 81, ~ hs.;od ~ % resrs
smnn9f sss,nSfis ~ /. ann snf,sc;snt n constrnc
and comm STANDARD ssnce 1oosS IN ri, m
uu ssu,s dsa 1nnsi;,s ! s'Ssi'l-. sts's siiTi''
'es W.S 80 pa.a i. ss,,. ~ % S,,as - q - -,
n.t 4. psS1.r De;s.rso, @ dsm,nS for cSssns
.rspspo ortatisn, which tie standard gang
ron 0M lss glsss soS' sal ay .aIs.,
leh.h DeSaass, :,, naas .oaa,:a.n a:a y. :
slalstss, " snul psy alse. gt.iusHus =
w ss.oyAleiosts 'usa g assssHAaa srus
coaio No.,sx, saf Iol ls99;o,q m, iagga ~. Z.
Heveps9o peeause y WI turnlsu' pe,