The daily sentinel., 1910-01-26
[special to The sentinel.l

New York. Jan. 2G.-Over half a
billion dollars is to be spent this year
by American corporations and the
United States government in eXpan-
sion. extensions and improvements.
Conservative estimates, based upon
the public plans of Industrial corpor-
ations. railroads and the government,
show sums to be spent for later and
improved devices which stagger the
Imagination and tax the conceivable
ity of the ordinary mind.
The investment of Daniel Willard
with the presidency of the Baltimore
& Ohio railroad brings that great cor
poration to the point where the final
plans are now ready for selling S2S,-
100000 in bonds, which sum is to
be spent by the road in 1910 for con-
struction and equipment.
The steel trust will scatter $685.
100000 through the middle west and
south in building new mills and de-
veloping ore beds.
However, while we consider these
stupendous sums of private enter
prises, We must not overlook the vast
expenditures to be made by the gov
ernment-expenditu which are
rd-shattering in the realm of fl
nance.
y lety millions CT dollars will be
spent for United States army sup
plies, > millions will be spent in con-
nection with work upon our fortifi-
cations; and now President Taft sug-
gests an appropriation OF SO millions
for river and harbor improvements
and in the extension of irrigation in
the west. This does not include the
immense sums to be paid out in
wages to the army of workmen' en-
gagged in digging the Panama canal.
Verify 1910 will be an epoch-mak-
ing year-a year of money spending
unriyaled in the history of the world
In fact, the money comes into the
pockets of the laborers, no matter in
what class OF Legitimate work they
are engaged. As a single institution
the government leads in this outpour-
ing of money. but the railroads are
running mighty close second. Ben
iamin F. Yoakum announces. on be-
half of the Hawley-Yoakum syndi-
cate. that $4,000. 900 will be spent
in the southwest alone in 1910 i'm
proving the properties of the combi-
nation.
The International Harvester Com
pany. whose complete report of earn
ings is s14.000.0O0 higher than in
1908, will eXpend about $5,O00,000
in extending their foreign trade and
in constructing new factories in the
middle west.
The Atlantic Coast Line is to dou-
ble-track its system from Florida to
Washington.
The Hartman lines, in order to
maintain their record, are planning
big outlay for rolling stock
In Texas alone would venture the
estimate that s5O.000.00O will be
spent in 1910, not considering the
compendium at the head of this arti-
Gle.
The Pennsylvania is buying new
cars and locomotives and adding new
track to its line in the Allegheny
Mountain regions. They are build
ing new freight terminals and the
$50. 100000 mentioned does not in
clude thousands of dollars being paid
out to the workmen employed in New
York on the new tunnels and depot
construction
The San Pedro railroad was COM
PEELED through necessity to plan a
big outlay In 1910. Storms along the
route of the San Pedro, Los Angeles
& Salt Lake route this month washed
out miles OF track. The officials have
now planned a new route, and con-
struction will be started later in the
year. The sum OF 81 200. 900 is con-
servative, Befort 1t is finished the
work will likely cost $50 100000.
The Rock Island railroad. as soon
as Wall street has finished it's game
of hide and seek. will start it's new
extension up from Mexico through
chihuahua to e. Paso. On account of
the mountainous section, each mile
will cost more than a million dollars
for construction.