| Show I Railroads Hit Hard The business depression of the past two years cost the of steam stearn railway equipment freight and passenger ger er cars and locomotives a loss of nearly worth orth of orders according to figures prep prepared red b by hr the the- I Railway ail way Age Ale Gazette l During the tire present year only about 37 27 7 per cent erit as many cars ars arsand and locomotives cre were cre purchased ed by the railroads as were purchased purchased pur pur- chased during the thc pre prey previous ious year These figures coupled with frith ith those which show v that during the past twelve months four roads went into the thc hands hailds of receivers receivers roads roads having iuA a to total total tal tai of miles a combined stock issue of 3 and anda a n funded dt debt bt of give some song idea of how hard haid the railroads have hh been hit Last year the railroads spent more more- than for tor equipment an and loc locomotives resi and this thi year ear tile the total expenditure expenditure expend expend- iture will not trot exceed In Tn rail railway way building building- the year was the thc dullest of an any since the tile panic of 1893 The total I mileage constructed is fi figured aged at 31 miles as against for foi the tte previous year The Tie railway of 1893 1803 was miles Statistics show clearly that the thc railroads were harder hit b by the tIe falling off rf in business than the thc generl pub PUb- lie rc realized |
