The Cost of Transportation On the Erie Canal And By Rail
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Cost of Capital: Taking four per cent as the rate of upkeep on the Erie Canal — an item intended to provide for interest charges and for extraordinary repairs and depreciation — and using a con- * Report of Committee on Canals of New York State, 1899, p. 168. This com- mittee is commonly known as the Greene Committee.
fReport, p. 153.
JA. Barton Hepburn: Artificial Waterways and Commercial Development, p. 100.
8 servative estimated value of but $55,000,000 for the canal at the present time, ins...tead of the $57,600,000 cited above, we have a total annual fixed charge of $2,200,000. This amount will be apportioned per ton mile of canal traffic in 1909 in a later paragraph.
Second. Cost of Maintenance: The cost to the state of New York of maintaining the Erie Canal in 1909, according to data contained in the annual report of the Superintendent of Public Works of that state,* amounted to $672,105. This amount is ascertained by adding to the $500,551 of operating expenditures and ordinary repairs a proportion, obtained by pro-rating on the basis of comparative expense, of the total general and division expenses of the canals of the state.
What to read after The Cost of Transportation On the Erie Canal And By Rail?
You can find similar books in the "Read Also" column, or choose other free books by Association of American Railroads. Bureau of Railway Economics to read onlineMoreLess
To quickly assess the difficulty of the text, read a short excerpt:
Cost of Capital: Taking four per cent as the rate of upkeep on the Erie Canal — an item intended to provide for interest charges and for extraordinary repairs and depreciation — and using a con- * Report of Committee on Canals of New York State, 1899, p. 168. This com- mittee is commonly known as the Greene Committee.
fReport, p. 153.
JA. Barton Hepburn: Artificial Waterways and Commercial Development, p. 100.
8 servative estimated value of but $55,000,000 for the canal at the present time, ins...tead of the $57,600,000 cited above, we have a total annual fixed charge of $2,200,000. This amount will be apportioned per ton mile of canal traffic in 1909 in a later paragraph.
Second. Cost of Maintenance: The cost to the state of New York of maintaining the Erie Canal in 1909, according to data contained in the annual report of the Superintendent of Public Works of that state,* amounted to $672,105. This amount is ascertained by adding to the $500,551 of operating expenditures and ordinary repairs a proportion, obtained by pro-rating on the basis of comparative expense, of the total general and division expenses of the canals of the state.
What to read after The Cost of Transportation On the Erie Canal And By Rail?
You can find similar books in the "Read Also" column, or choose other free books by Association of American Railroads. Bureau of Railway Economics to read onlineMoreLess
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