The Railway Library, 1909: A Collection of Noteworthy Chapters, Addresses, and Papers Relating to Railways, Mostly Published During the Year
History
The Railway Library, 1909: A Collection of Noteworthy Chapters, Addresses, and Papers Relating to Railways, Mostly Published During the Year
Railroads -- United States -- Periodicals
An increase of 10 per cent would add eight one-hundredths of one cent
per pound to the price the consumer pays for butter and eggs, and it
would add nine and one-half one-hundredths of one per cent per pound
to the cost of dressed poultry, for which he pays from twenty to
thirty cents per pound.
LESSON XI.
FREIGHT RATES AND LEATHER BELTING.
Some little children and many of their mothers do not know that
a great deal of the power that makes the wheels go round in this
industrial beehive is transmitted by belting.
The shops of the Lake Shore & Michigan Southern Railway at Elkhart,
Indiana, are equipped with 13,288 running feet, or _practically
two and one-half miles_, of leather belting. This belting cost the
railroad company $6,235, or an average of 46.9 cents per running
foot. The belting was shipped from Boston to Elkhart, a distance of
937 miles. The total freight charges amounted to $18.37, or fourteen
one-hundredths of one cent per running foot. An increase of 10 per
cent would add $1.83 to this cost, or _fourteen one-thousandths of
one cent per running foot_.
This belting, moreover, cost the railroad company $1,082 more than
it would have cost at the prices prevailing in 1899, representing an
increase of 21 per cent. During this same period there was no change
whatever in the freight rate.
LESSON XII.
THE RAILWAYS AND NATIONAL DEVELOPMENT.
Now listen to the sober words of the one man who has perhaps given
more official attention to the subject than any other citizen of the
republic:
"Without regard to the personnel of railroad officials, without
regard primarily to the interest of stockholders, but in the interest
of public welfare and national prosperity, we must permit railway
earnings to be adequate for railroad improvement at advantage and
profit.
"To my mind it is a most impressive fact, so great as to elude the
grasp of imagination, that the railway traffic of the country fully
doubled in the first seven years of this twentieth century. This
enormous addition to the volume of transportable goods overtaxed,
as you know, the existing facilities, and the resulting condition
perhaps accounts for much of the hostility which has been manifested
in various quarters. For the man who has raised something by hard
labor or made something with painstaking skill, which he could sell
at a handsome profit in an eager market, and finds that he cannot get
it carried to destination, and so sees his anticipated gains turned
into a positive loss, is naturally exasperated and unthinkingly
'blames it' on the railroads, and is ready to hit them with anything
he can lay his hands to; and as the state legislature seemed to be
the most convenient weapon he wielded it for all it was worth.
Public-domain text, read in full here on John Shaqi.
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