The Saint Paul globe. (St. Paul, Minn.) 1896-1905, 1901-05-19

Of increased capitSl citation, is regarded az
having its impetus far more in the
successful carrying through of bond and
stock deals than in establishing the per-
manent welfare of the railway. What
this principle Of control has eyentuated
in, where, abroad, given full swing. IL
demonstrated, and, although the pointing
of a moral is not of the studied features
of the book, there are differences without
number, and so plainly made as to be
beyond question as to the inteat
Interest is by no means confined to
readers with railway predictions. The
sections of the volume apportioned to the
Australasian condition present the UNIQUE
situations preva Ing N the colonies of the
new federation, as also in New Zealand
with side lights far more suggestive of
the purely Quixotic than of the prosaic
reality of practical life. The cool conf
placency and candid admissions of the
SURPRISING optimism. of the New Zealand
er, are portrayed with admirable clear
ness, in which no disposition TO scott at
the high ideals is manifested, but
trenchantly and pointedly in every in
stance is the introduction of the result
ant outcome The New Zealand chapters
read almost as those Of fairy tale The
India section with its vivid description Of
the strenuous means the English there
have perfected to keep the Russian at a
distance, proves the railway might fur
nish material for realism in tction
which would be simply stunning OF the
Russian situation, railway speaking Nal
Pangbourne has more to say than of
any other, and naturally so; no man,
probably being better informed as to the
Muscovite contamination and contempla-
ton This, as intimated the length est
division of the volume has a wide and
general attraction in that Russia is now
so prominent in the worlds eye Keen,
analytical, and by no means unm 'ndful of
the oppor cunities for conveying bits of the
very atmosphere of the country, the au-
thor enables in these chapters a concap-
Of ahE0lutGlV To
reached. German characteristics are
made the basis of several sprightly chap
tiers and of not little humor Of the dry
and fetching-s sort, which Is not all eX-
hausted at the first impact
The general style of the work is decid-
eddy out of the ordinary in publicat ons
with the railroad as the incentive. The
large, clearly printed tyne invites to pc
rusal which is most effectively height
ened by the authors construction There
is scarcely a paragraph a half dozen mes
long in the book. or chapter exceeding
four or five pages in length Aside from
the page folios not a numerical expressed
in figure not an 1ta1iciSed word or the
use of the personal pronoun. The volume
whereof he speaks, has very much to say
and but a comparatively short time in
which to say it. There is deal Of infor-
Very much that has not before been
given to the world from the basis OF
personal knowledge. As the author frank
~ REMARKS III the preface, II IS not 10
be expected that the point Of view. Of
! everybody is the same. This is a free
country. he says. and everyone has the
right to his own opinion
Whatsoever may be the general view Of
the railway situation there can be no
gainsaying Maj. Pangbournes breezy,
pungent and pithy. manner of presenting
his Side Lights appear at a most OPP
perfume time. American railroad men ev-
erywhere Will appreciate the force and
suggestiveress of the authors comparison
of their results with those of railway
men of other countries The significance.
too Of the comparisons of railway tariffs
must have weight with the general pub
lie, upon which the reliance is placed to
meet the demands consequent uron en-
largement of capital with its inevitable
increment of fixed charges and ACCOM-
which to pay dividends The first year
OF the community, of interest will. the
major believes, add a thousand millions,
a round billion of dollars to the sggre-
gate capitalization of American railr
From present appearances this would
seem likely to prove an under rather than
an overstatement SHi@