The Truth About the Railroads
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In South Dakota, the average value in 1900 was $2,901, and in 1910 it was $15,018. In Minnesota the average value in 1900 was $3,549, increasing in 1910 to $9,456. It is interesting to compare here the average value of the holdings of the 138 THE FARMER AND THE RAILROAD owners of the securities representing the Northern Pacific road, $423 ,000,000, owned by nearly 25,000 people, ^16,290 to the individual owner, — not very much more than the value of the average farm in North and South Dakota. (...A recent governmental valuation fixed the value of the road at $488,000,000, or $65,000,000 more than the capital outstand- ing.) The value of North Dakota's farms and buildings in igiowas $822,035,ooo,.an increase of 3 14 per cent in ten years. In South Dakota the total was $1,005,080,807, an increase of 356 per cent in a decade. In Minnesota farm land and buildings were worth $1,259,510,000, an increase in the same period of 88 per cent.
These figures show how rapidly farm values have advanced as a result of energetic farm development and improvement, coupled with cheap rail transportation, permitting distribu- tion of farm products to many markets.
What to read after The Truth About the Railroads?
You can find similar books in the "Read Also" column, or choose other free books by Howard Elliott to read onlineMoreLess
To quickly assess the difficulty of the text, read a short excerpt:
In South Dakota, the average value in 1900 was $2,901, and in 1910 it was $15,018. In Minnesota the average value in 1900 was $3,549, increasing in 1910 to $9,456. It is interesting to compare here the average value of the holdings of the 138 THE FARMER AND THE RAILROAD owners of the securities representing the Northern Pacific road, $423 ,000,000, owned by nearly 25,000 people, ^16,290 to the individual owner, — not very much more than the value of the average farm in North and South Dakota. (...A recent governmental valuation fixed the value of the road at $488,000,000, or $65,000,000 more than the capital outstand- ing.) The value of North Dakota's farms and buildings in igiowas $822,035,ooo,.an increase of 3 14 per cent in ten years. In South Dakota the total was $1,005,080,807, an increase of 356 per cent in a decade. In Minnesota farm land and buildings were worth $1,259,510,000, an increase in the same period of 88 per cent.
These figures show how rapidly farm values have advanced as a result of energetic farm development and improvement, coupled with cheap rail transportation, permitting distribu- tion of farm products to many markets.
What to read after The Truth About the Railroads?
You can find similar books in the "Read Also" column, or choose other free books by Howard Elliott to read onlineMoreLess
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