The Truth About the Railroads (Classic Reprint)

Download or read book The Truth About the Railroads (Classic Reprint) written by Howard Elliott and published by Forgotten Books. This book was released on 2015-07-05 with total page 290 pages. Available in PDF, EPUB and Kindle. Book excerpt: Excerpt from The Truth About the Railroads Upon the one hand there is a critical public. Upon the other, the railroads are struggling with forces which are causing rates to remain stationary or to decline, causing wages to rise or to remain stationary, bringing demands from a prosperous and luxurious people for increasingly expensive facilities and service, and causing taxation to rise at an alarming rate. These four forces are all at work reducing the margin between income and outgo and making it more and more difficult for the owners of railroad properties to keep their lines in suit able condition to carry on the business of the country, and to obtain a return commensurate with the risk of the business and sufficient to attract further investment. About the Publisher Forgotten Books publishes hundreds of thousands of rare and classic books. Find more at www.forgottenbooks.com This book is a reproduction of an important historical work. Forgotten Books uses state-of-the-art technology to digitally reconstruct the work, preserving the original format whilst repairing imperfections present in the aged copy. In rare cases, an imperfection in the original, such as a blemish or missing page, may be replicated in our edition. We do, however, repair the vast majority of imperfections successfully; any imperfections that remain are intentionally left to preserve the state of such historical works.