Show IN THE UNITED STATES several new york papers especially the mall fall and express the press presa anti the tribune have pointed exultingly to the tremendous orders which have been given for steel rails as a certain proof that tho the wave trave of 0 prosperity had begun to break upon our coarts but the th philadelphia record dissipates that and confirms the suspicion that the tribune put out long ago that tile great purchase ot of rails was simply tor for the purpose of 0 repair and no not t for construction on st it says ralis S sanco nee the reduction in the price ace of 0 stoel steel onto have acon boo ot for more callb than tho the antiro durin lk but bul ill or nearly ull nil of oc those rill ralli 11 ure aro required for ren oncil the verlous railroad companies compin la having hainor deferred bloh orders rl ern anu the iho were acro so 0 o worn 0 out J t flat the safe limit bad been over stopped jn nj it 11 wai mas hinted a fe few months oco that ono of oc the ali directors ov of ft a prominent Cal company had do dc to lo go fro upon tile tho usual annani tour four of linclon of tile iho rond road im crissi ile ho knew too friech about tho the condition condl llon of 0 tho the rails it in 1 probable thit hit tho the output of the steel rill mills this year all bf be chiefly to replace worn out track but tho the record believes that thousands or of miles of new railroad construction st in hlll III be required in the next few years and copies from tho the railway ag age blitch has been collecting data upon the subject a sublunary nary which sate as that tho the railroads rall roada under construction or projected foot up more than miles the southwestern states tiko lake the load irad with sixty ono one new lines projected leaving a total 1111 ath of 0 WS miles the south atlantic states are credited with sixty lines with 22 allea the central northern states kith fifty two tao lines and 80 miles and the middle staica eulth forty seven beven lines anti and 96 miles the conclusion of the age aee Is that though several of 0 these projects may riot not mater alize in the near future construction st la in riot not a few of the cases Is practically assured and predicts a year of 0 moderate activity and thinks that with present indications more new urns lines or miles of 0 track will be built by the tha end 0 of the year than have beon been constructed construct cil in any recent year the trouble la with railroads iri in this country has been their capitalization overcapitalization over and that they haie hae been built often where they were not needed a simply imply tor for tho the purpose of 0 making money on the building and not with an idea that they w would oil id pay orich construction th this Is has made capital shy about advancing money on any new lines although it Is a tact fact that for or every hundred square miles of 0 territory in the united states we w have according to the london engineer only 67 57 miles m iles to 91 all in beegi beldam u in 1 16 6 6 miles in great driad britain miles in tho the netherlands 13 6 miles in germany 13 1 miles lit in switzerland miles in franc and I 1 78 miles in poor italy |