Page:The truth about the railroads (IA truthaboutrailro00elli).pdf/45

Rh least equal to 60 per cent of that paid in dividends should be put back out of current earnings into the property each year. How many farmers, merchants, and miners would think these returns attractive enough to justify their engaging in the business?

Out of every one hundred dollars of gross earnings of the railways in 1908 there was paid for&thinsp;— Out of each one hundred dollars, ninety-one dollars was paid out for labor, material, taxes, rents, interest, all of which must be paid if the railway-owner is to keep out of the hands of the Rh