Page:The truth about the railroads (IA truthaboutrailro00elli).pdf/38

Rh must depend for any further economies upon an improvement in the work of the railway-user and the employee in using that plant. If the railway-user fails to load and unload the cars promptly, if the railway employee is careless and inefficient, the railway cannot be used to its full effect.

The American railways to-day are represented by a capitalization of $13,600,000,000, or a trifle less than $58,000 per mile of road, and less than $40,000 per mile of track. Compare this total capitalization with the total reported for farm values, $20,514,001,838 for 1900, and in manufacturing, $12,686,265,673 for 1905, and it will be seen that the railway is the second great industrial interest in this country. The railways in Europe are capitalized per mile as follows:—

Here is evidence that the American railway-owner has produced a piece of machinery with Rh