Railways in the United States Their History Their Relation to the State And a
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RAILROAD GRANTS AND SUBSIDIES IN WESTERN STATES The western States were more liberal than the eastern States in grants of land and money to rail- road corporations. From i860 to 1870 these railroad corporations not only obtained large do- nations of land, but coimties, townships, cities, and villages desirous to become connected with the network of railways of the United States, and to be brought into active communication with the movement of commerce throughout the country, vied with each othe...r in debt accumulation for the purpose of granting subsidies to railways. A large proportion of the whole bonded municipal in- debtedness of the United States is due to what may be termed the frenzy on that subject. This recklessness of debt creation for the purpose of obtaining railway communications has some degree of justification in far western States which it would not have had in any commimity otherwise situated. France, England, and Germany, and also the sea- board and middle States of the United States, had, prior to the existence of the railway, good means of intercommunication by canals and highways.
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To quickly assess the difficulty of the text, read a short excerpt:
RAILROAD GRANTS AND SUBSIDIES IN WESTERN STATES The western States were more liberal than the eastern States in grants of land and money to rail- road corporations. From i860 to 1870 these railroad corporations not only obtained large do- nations of land, but coimties, townships, cities, and villages desirous to become connected with the network of railways of the United States, and to be brought into active communication with the movement of commerce throughout the country, vied with each othe...r in debt accumulation for the purpose of granting subsidies to railways. A large proportion of the whole bonded municipal in- debtedness of the United States is due to what may be termed the frenzy on that subject. This recklessness of debt creation for the purpose of obtaining railway communications has some degree of justification in far western States which it would not have had in any commimity otherwise situated. France, England, and Germany, and also the sea- board and middle States of the United States, had, prior to the existence of the railway, good means of intercommunication by canals and highways.
What to read after Railways in the United States Their History Their Relation to the State And a?
You can find similar books in the "Read Also" column, or choose other free books by Simon Sterne to read onlineMoreLess
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