The book American Railway Transportation was written by author Johnson, Emory R. (Emory Richard), 1864-1950 Here you can read free online of American Railway Transportation book, rate and share your impressions in comments. If you don't know what to write, just answer the question: Why is American Railway Transportation a good or bad book?
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The amount of aid given by the States to railroads can not be stated precisely, but the figures available indicate that the total donations were large. The entire debts of the States in 1841 exceeded $231,000,000. These debts had been contracted partly for the purpose of assisting banking institutions, which had received not less than $50,000,000, and partly for the construction of works of internal improvement. Of the State funds used in pro- moting internal improvements, the amount paid out o...n canals and turnpikes much exceeded the amount expended on railroads. But the sum contributed by the States for railroads in the West, and more especially in the South, 810 AMEBIGAN RAILWAT TBANSPOBTATION after 1841 was greater than the amount given before that date. The State of Missouri, for instance, which spent nearly $32,000,000 on railroad construction, of which sum only a little over $6,000,000 was ever again obtained by the State, granted very little aid before 1850. Ten- nessee incurred a debt of $29,234,000 by aiding railroads; of this sum over half was contracted after 1860.
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