| Show LOSSES BY RAILWAYS we must be just to the railways and to everything and everybody eleft they the railways are a power jim in the land for good and when they lend their e energies in the direct direction iou of oppression they are just ELS aa great j a power for evil it is when this latter condition prevails that they sie aae tow tobe resisted but at other times they are at adf indispensable factor in the advancement and welfare of the nation they kill rather more than their share of ef people and animals but this we ry mav attribute to unavoidable oftener then than otherwise but they hav haw their own misfortunes and to contend with and it la Is only fair thi these should be generally known aaa understood the badway railway age has baa made up a table of railway fore foreclosures closures and r for the past year that te quite interesting during the year twenty eight railways with an aagre gate mileage of 1922 miles and M capitalization ot of weft sold under foreclosure this I 1 is better than the record for the preceding year but the record of the new nip BE to la extremely discouraging to investors in this kind bind of pr properio proper only twice in the last nine years yean havo hav more railroads been found unprofitable abla and turned over to be operated bye by fe than in 1892 Thirty six alx ceia oom panics with miles milea of road aud a capitalization of haky ha found their way AY to the ingolv ve oy court in 1891 but ax 2 miles were involved with capitalization ot of tl great inere to Is explained as aa beta being VET d to the breaking up of the rich which had m I 1 of road and alad ai capitalization f ob dow the enormous fl ure of 1550 that disastrous ool bat area a without lap lae it io i shown that the grand total would have hata 9 boon been greatly in excess of ef eight exhibit bit for several years pastas the record abundantly discloses and it all to show that it to ia a genuine wonder goofs that with so BO much responsibility wany many to surmount so go and 0 o roads keep on working ow though many nothing nothing had happened the sales under foreclosure of mortgage for the seventeen ten years last past were no roads miles mileage capital ac t S 64 54 48 49 IS 1878 65 66 A 28 1879 81 81 1 1880 29 2617 1881 16 1882 18 1 1354 8 7 15 2 8 miia 22 IM 45 1886 81 31 1887 19 1596 6 1888 25 1930 18 0 29 3 1 1890 21 1891 1991 28 1922 1892 2000 T total otal al the sum bum tot total I 1 it will be been nearly equals the national debt when at its greatest the receivership during the nine bine years yeara were no roads rosias mileage capital 37 87 44 13 1799 1886 9 1048 1046 1887 22 1888 22 3 24 1890 26 2159 1891 36 alter such an array it is easy to understand what it takes and what it involves to con construct eruct and operate lines of course all the te losses set of railway out are not loot in the ordinary course of business a great percentage belne through mismanagement dishonesty eco but the larger share is the result of the ibe traffic not equaling the ou however the public should norand will not be held responsible for aoh suet misfortunes nee by either being taxed deficiencies or charged exorbitant to th make up or bitant tolle they are willing for toe railways to have their dues and nothing more while being determined to secure cure their own rights and nd nothing less A fair arrangement ought to be good enough for any man or any corporation po ration iOD |
