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The Railway Age and Northwestern Railroader Volume 28

The Railway Age and Northwestern Railroader Volume 28


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This historic book may have numerous typos and missing text. Purchasers can download a free scanned copy of the original book (without typos) from the publisher. Not indexed. Not illustrated. 1899 Excerpt: ...& Western has been acquired by the Canadian Pacific, while the Quebec Central is doing a fairly good business. There is a growing feeling that the subsidizing of sniali railways ought to be curtailed, if not stopped. Thus far. iu Canada, about $220,000,000 of public money has been spent, counting the appropriations at the late Dominion session, in building and maintaining government lines, and in subsidizing private ones. Of thus sum, $170,000,000 has been spent by the Dominion, and the remainder by the provinces and by muueipaiitles. The land grants given in addition to the cash amount to 45,000,000 acres--twice the area of Ireland. There are now 17,000 miles of completed railway in Canada. Over $70,000,000 has been spent on canals, making the total outlay of public money upon transportation routes $300,000,000, an immense sum, surely, for five millions of people, mostly farmers. The Dominion government owns and operates the Intercolonial, which, since its extension to Montreal, has over 1,300 miles of road, and also the Prince Edward Island Railway, with 210 miles. The capital account of these two lines is now $05, 000,000. The Intercolonial never paid operating expenses till last year (1898-99); the island road has never paid them, and probably never will. They are political rather than commercial routes, but probably could be made to pay if in private hands. The money voted for the construction of the Canadian Pacific is allowed on all hands to have been, indirectly, a profit able investment for the country. On the other hand, the subsidies to the smaller roads have borne comparatively little fruit. Jn many eases local roads have been subsidized merely to enable the government of the day to carry the district interested; in nearly all the subsidies ...


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Product Details
  • ISBN-13: 9781130514933
  • Publisher: Rarebooksclub.com
  • Publisher Imprint: Rarebooksclub.com
  • Height: 246 mm
  • No of Pages: 676
  • Spine Width: 35 mm
  • Width: 189 mm
  • ISBN-10: 1130514935
  • Publisher Date: 01 Mar 2012
  • Binding: Paperback
  • Language: English
  • Returnable: N
  • Weight: 1188 gr


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