Railway Economics
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In our eReader you can find the full English version of the book. Read Railway Economics Online - link to read the book on full screen. Our eReader also allows you to upload and read Pdf, Txt, ePub and fb2 books. In the Mini eReder on the page below you can quickly view all pages of the book - Read Book Railway Economics
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The wages received for the same amount of labor during 1877 would have paid for moving 4109 passengers or 7854 tons of freight one mile; during 1882, 4768 passen- gers or 10, 345 tons of freight; during 1887, 5212 passen- gers or 11, 890 tons of freight; and during 1891, 5882 passengers or 14, 078 tons of freight might have been moved one mile for an amount equaling the average compensation received by workingmen for the same RATES AND PRICES. 37 quantity of labor for which $100 in gold was rec...eived during the years 1867 to 1872, inclusive. It is to be regretted that data for later comparisons are not avail- able.
Without adducing further evidence, which would be merely cumulative, it seems legitimate to conclude that the purchasing power of labor when applied to the transportation of either persons or property, and that of products when applied to their own transportation, have materially increased during the last three decades. The most notable economic result of this change in the re- lation between the cost of movement and the primary cost of production is an increase in the average radius of the regions from which particular communities can profitably purchase the products needed for local con- sumption, and as this, by permitting a greater range of selection, not infrequently brings into cultivation land of greater productivity, it has been accompanied in many instances by a rise in the margin of cultivation and a consequent reduction in the average cost of produc- tion of the form utilities required.
What to read after Railway Economics?
You can find similar books in the "Read Also" column, or choose other free books by H T Harry Turner Newcomb to read onlineMoreLess
To quickly assess the difficulty of the text, read a short excerpt:
The wages received for the same amount of labor during 1877 would have paid for moving 4109 passengers or 7854 tons of freight one mile; during 1882, 4768 passen- gers or 10, 345 tons of freight; during 1887, 5212 passen- gers or 11, 890 tons of freight; and during 1891, 5882 passengers or 14, 078 tons of freight might have been moved one mile for an amount equaling the average compensation received by workingmen for the same RATES AND PRICES. 37 quantity of labor for which $100 in gold was rec...eived during the years 1867 to 1872, inclusive. It is to be regretted that data for later comparisons are not avail- able.
Without adducing further evidence, which would be merely cumulative, it seems legitimate to conclude that the purchasing power of labor when applied to the transportation of either persons or property, and that of products when applied to their own transportation, have materially increased during the last three decades. The most notable economic result of this change in the re- lation between the cost of movement and the primary cost of production is an increase in the average radius of the regions from which particular communities can profitably purchase the products needed for local con- sumption, and as this, by permitting a greater range of selection, not infrequently brings into cultivation land of greater productivity, it has been accompanied in many instances by a rise in the margin of cultivation and a consequent reduction in the average cost of produc- tion of the form utilities required.
What to read after Railway Economics?
You can find similar books in the "Read Also" column, or choose other free books by H T Harry Turner Newcomb to read onlineMoreLess
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