The Ordway new era., 1909-10-29
bru,ous Amount
! Money Spent
hn American
| Railroads
arfs Huge Sum
PoOers
Pour Out on
Armament

| the moor OF tne stoCk eA'
change, and then across
the ocean to the money
!. Of Europe, II ran on to roll.
m, and blast furnaces on the
.,bela and the Allegheny. to
ops and locomotive works. to
lines and coke ovens. to the iron
of Minnesota. and the forests
sierras.
we're lighted the fires OF the
.a furnaces. from the Alleghen.
Lake Michigan-beacon fires
az the return OF prosperity.
,ur.e OF the railroads. closed
the panic. had been opened
and the country was glad.
Intricate compilations OF dry
b, are needed to understand the
br the railroads play In the
tsn Industrial drama. Their
in lands. roadways. buildings.
rent. and securities-is as great
4 Of all the wealth Of the south
ties. or the combined wealth OF
10. Holland and Switzerland
Doar In every eight OF the
Of this country IL railroad prop
The railroads outlay next year
Dor and materials and the pay.
oi taxes. interest and dividends
: . sum as great AS all the
in the country. The bills for
and materials alone will far ex.
" the money raised by taxation
bnal. state. county and town
bpe Is groaning under her ter.
burden preparing for war. But
ormous cost OF the armed peace
rope Is dwarfed by our railroad
titures. What traveller thinks OF
st Of the wooden ties? But. In
at" year before the panic. our
Nc spent more on ties than
ID and Germany together spent
adins lighting ships. Our steel
u next year will equal the com.
naval budgets OF Russia and
The smoke trailing from the
Of our locomotives will evidence
rfnins up Of more wealth than
naval powers-England. Ger.
France. Russia. Japan and the
States-will spend on war.
German war lords expenditures
army that threatens the peace
rope will be exceeded next year
money our railroads will spend
new freight cars and keeping
ones In repair. Our locomo-
WI cost more than the British
The military establishment Of
Will cost less than our track
On bridges and culverts we
pend as much as will Italy on
ny All the money spent on the
o. the czar would not pay for
eel the Steel corporation will
lor the railroads. The huge out.
railroads will make this com.
I tor new materials will equal
moined cost of the military and
Establishments Of all Europe.
ns fat year" before the panic
.0moination Of eastern lines
'soooo.oOO worth of cars and
0uSes. sl2.oo0.00O worth of ties
,lls, and spent $4,000. 900 In
AZ a,oMp,ovements. aas They have spent
vOoo In improvements In the
..n years-a sum greater than
s'e capital stock Of any single
" 'n America. two only ex.
~ west the big spenders for the
I,n w. years have been the Harri.
"aes' Mad Hartman" they
,. u.m because he spent $4,000.
.a.. p,ovlns IN. properties that his pre-.
.. ,s nad let go to ruin. Harri.
'i,,s nv more orders-big orders-to
t..lS' bridge works. car shops. 10.
.s "s works and lumber mills than
der man who ever crossed the
"ppi to run railroads.
:, 'nen, are three American rail.
n'se " expenditures for improve.
NM M ene ene past ten years foot up
%'v.vuo, !. . A billion dollars-how
hu,,s mat! With that money you
"' railroad girdling the
,ead ..'. buying follows the tide o,
every great boom in this
M Das oeen marked by enormous
|tris, ,'..pehditures. and the great
ha On ana financial crises have
,d W. VIZ waves of prosperity were
ths .ne building of new rail.
Fuction. Wy raiiroad re-
sSb and flow of nrosn.r,,v i,
|sSu a'ry is like the tide In the Raw
vo,,s sfeater than anywhere else
on .,a, a'I The country never runs
lea =, wen Keel. The railroads. the |
10 tha n commerce are highly sen. |
be tha, h.. ups and downs Of trade. |
ountrv carry nearly everything |
hsums, produces. from producer
Pa o, ~, ~. In boom times the pro.
b. ma 'ae country rapidly in. |
ipcrs..he a me demand for transpor-
earn,a eases accordingly. Railroad
.nd nss w,.s mount to record az.