Cost, Capitalization And Estimated Value of American Railways; An Analysis of Current Fallacies

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Now, we have nearly 4,000 miles of railroad in actual daily operation in the United States, and a great deal more in the rest of the world. The materials of experience are therefore sufficiently abundant. The cost of 79 railroads in the United States is given in the table published in the American Railroad Journal. The aggregate length of them is 3,723 miles, and the cost is $109,841,460; or $29,325.85 per mile. !
"In the Carolinas and Georgia 785^ miles cost but $14,063,175, or $17,919 per mil
...e; those of North Carolina and Georgia 583J miles long, cost $8,391,723; or $14,387.72 per mile; those of Georgia 337! miles, cost $5,231,723, or $15,489 per mile; the Central Railroad in Georgia, 190} miles, cost $2,551,7^3; or $13,570-72 per mile; and. that part of the Georgia Railroad of 65 miles, which has been constructed of late years, is said to have cost less than $12,000 per mile, including an edge rail; or, as commonly called, a T-rail.
"The residue of the railroads on the list, in the northern and Baldwin Fast Passenger Engine, X848 eastern states, amounting to 2,937!


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