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
The bulletin indicates that putty, Portland cement and Ames shovels
are about the only exceptions to the general rule of greatly
increased prices of railway supplies. It is plain that as to all of
the important supplies and materials included in the foregoing list
the $105.00 of gross receipts from the typical shipment heretofore
used as an example would show the same, or a greater, loss in
purchasing power which has characterized the comparisons previously
shown.
Evidence from official sources thus shows that in purchasing the same
quantities either of labor or of supplies the railways have now to
expend much larger sums than they did ten years ago. The official
statistics already quoted are fully supported and their pertinence
to the problem in hand is fully proven by the accounting records of
the purchasing departments of the several railways. The Trunk Line
Association has obtained detailed information concerning purchases in
1897 and 1907, by important railways represented in its organization,
and this information has been carefully and accurately tabulated.
A table showing the largely increased cost of articles which this
tabulation reveals has been made Appendix B and will be found at
pages 194 to 198 of this pamphlet. An examination of this appendix
and, particularly of the classes of labor and of the articles shown
to have greatly increased in cost, discloses the unquestionable fact
that the increased cost pervades the whole aggregate of operating
expenses and that there is no considerable exception to the rule that
every item of operating expenditure is now very much greater than it
was in 1897.
OTHER COSTS OF SUPPLYING RAILWAY SERVICES.
The cost of railway transportation which must be borne out of the
receipts for railway services includes operating expenses, interest
on capital and taxes. Before discussing the increase in the rate of
interest demanded it is worth while to note that the exactions made
by the taxing power upon the railways have also notably increased.
The sums annually paid as taxes on railway property since 1897
follow:
Taxes paid.
Miles operated ----------------------
and included Average
in reports Amount. per mile
of taxes paid. operated.
Public-domain text, read in full here on John Shaqi.
Reviews
Reviews
No reviews yet
Be the first to share your thoughts on this work.
Elsewhere in the archive
Join the Discussion
Join the discussion
Sign in to leave a comment or review.
Sign InorCreate an account