Page:The truth about the railroads (IA truthaboutrailro00elli).pdf/209

Rh {| In other words, with $2,000,000,000 new capital put into the business there was nearly $9,000,000 less return. How long will people go on putting money into a business that makes no return on the new capital required?
 * || | 1911 ||  | 1907
 * | Cost of road and equipment *
 * $14,984,796,837
 * $12,940,379,220
 * | Revenues
 * 2,852,854.721
 * 2,570,795,058
 * | Expenses
 * 2,005,528,462
 * 1,737,698,201
 * | Balance
 * 847,326,259
 * 833,096,857
 * | Taxes
 * 102,657,157
 * 79,640,013
 * | Operating income
 * 744,669,102
 * 753,456,844
 * | Increased cost of road compared with 1907
 * 2,044,417,617 ||
 * | Decrease in income
 * 8,787,742 ||
 * colspan=3 | * Cost, taken from balance sheets, is far less than present real value.
 * }
 * | Increased cost of road compared with 1907
 * 2,044,417,617 ||
 * | Decrease in income
 * 8,787,742 ||
 * colspan=3 | * Cost, taken from balance sheets, is far less than present real value.
 * }
 * colspan=3 | * Cost, taken from balance sheets, is far less than present real value.
 * }
 * }

In 1900 the value of farm property in the States of the American Northwest was $1,843,409,554, and in 1910 it was $5,436,255,070, an increase of 194.9 per cent.