The Industrial Progress of the Nation Consumption Limited Production Unlimite
The Industrial Progress of the Nation Consumption Limited Production Unlimite
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94 Charge per family of five persons.
$18. 40 26. 30 $44. 70 The average charge per ton per mile on the 27 trunk lines in the years 1S65 to 1868, inclusive, exceeded that of 1885 by 1. 635 cents. At this rate of excess, applied to the whole traffic of the United States, all other lines having made a greater reduction, so far as the data can be had the sum saved in the year 1885 was $803, 633, 477.
The whole service of all the railroads in 1885 consisted in moving 42 pounds a day of food, fuel, ...fibres, and fabrics, a distance of lii^ miles for each man, woman, and child of the population, or 1, 470 pounds a week for a family of five. The average charge to each person was a fraction under i\ cents per day, or 'i, -]\ cents per week for each family of five.
The 27 trunk lines treated in the foregoing tables perform about one half the freight service of the United States. The average charge per ton per mile on those lines, 1866 to 1873, inclusive, was 2. 315 cents per ton.
1874 to 18S5 1-196 " Difference i-HQ " Had the actual traffic of those lines from 1S74 to 18S5 been charged the difference, the amount of such additional charge would have been over $1, 756, 000, 000 The excess of exports over imports in this same period was $1, 574, 021, 528 It thus appears that the reduction in the railway charge taken by itself without regard to other reductions in the cost of production and distribution, sufficed to enable this country to resume specie payment in 1879.
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To quickly assess the difficulty of the text, read a short excerpt:
94 Charge per family of five persons.
$18. 40 26. 30 $44. 70 The average charge per ton per mile on the 27 trunk lines in the years 1S65 to 1868, inclusive, exceeded that of 1885 by 1. 635 cents. At this rate of excess, applied to the whole traffic of the United States, all other lines having made a greater reduction, so far as the data can be had the sum saved in the year 1885 was $803, 633, 477.
The whole service of all the railroads in 1885 consisted in moving 42 pounds a day of food, fuel, ...fibres, and fabrics, a distance of lii^ miles for each man, woman, and child of the population, or 1, 470 pounds a week for a family of five. The average charge to each person was a fraction under i\ cents per day, or 'i, -]\ cents per week for each family of five.
The 27 trunk lines treated in the foregoing tables perform about one half the freight service of the United States. The average charge per ton per mile on those lines, 1866 to 1873, inclusive, was 2. 315 cents per ton.
1874 to 18S5 1-196 " Difference i-HQ " Had the actual traffic of those lines from 1S74 to 18S5 been charged the difference, the amount of such additional charge would have been over $1, 756, 000, 000 The excess of exports over imports in this same period was $1, 574, 021, 528 It thus appears that the reduction in the railway charge taken by itself without regard to other reductions in the cost of production and distribution, sufficed to enable this country to resume specie payment in 1879.
What to read after The Industrial Progress of the Nation Consumption Limited Production Unlimite?
You can find similar books in the "Read Also" column, or choose other free books by Edward Atkinson to read onlineMoreLess
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