A Compendium of the World's Food Production and Consumption

A Compendium of the World's Food Production and Consumption

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This historic book may have numerous typos and missing text. Purchasers can usually download a free scanned copy of the original book (without typos) from the publisher. Not indexed. Not illustrated. 1891 edition. Excerpt: ... rents, interest, dividends and all other sources, should not exceed $234,123,000, being $67,408,000 less than the net traffic earnings reported by Poor, and taking the net earnings ($405,220,000) as shown by the Inter-State Commission, the excess is $171,097,000 wrongfully extorted from the agricultural and other industries in one year. This difference in the amount of net earnings arises from the fact that, in Poor's Manual, only traffic earnings are tabulated, no account being taken of the immense sums railway companies derive from rents of lauds, buildings, track and terminals, as well as in the form of dividends on stocks and bonds owned, and the profits from the, sale of such securities, all amounting to vast sums and yearly increasing as the railways become consolidated and absorb more and more of existing property; hence Mr. Poor's figures are incomplete and misleading, inasmuch as they fail to convey a correct idea of the total of railway earnings or the amount annually extorted from the user. Of the $234,123,000 resulting from a five per cent, revenue on $30,000 per mile, avery liirge part, as will hereafter be shown, belongs to the user rather than the investor, while iiiany parallel roads, built for construction profits, are needless, and others so badly located that the traffic will be wholly insufficient to provide revenue, and the owners must, like the owners of badly located buildings, suffer the loss entailed by lack of business sagacity. Favorably located roads can collect more than five percent.; should they be permitted to do so? Each railway company is a distinct organization, each road a separate instrument and specially conditioned, and it is questionable if the compensation for the capital employed should, in any...
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Product details

  • Paperback | 60 pages
  • 189 x 246 x 3mm | 127g
  • United States
  • English
  • black & white illustrations
  • 1236873173
  • 9781236873170