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Show Auto Industry Gigantic. The capital tied up in automobiling in the United States is estimated as over .$6,000,000,000, according to the Railway Age, which figures it out by items: Depreciation on 7,623,551 curs at 20 per cent, on average cost of $1,200, Interest on the money invested; gasoline, state license fees, insurance premiums, garage and service costs, labor costs for repairs, etc. These estimates do not Include expenditures for construction and maintenance of highways, nor for the cost of automobile auto-mobile accidents. |