to the Red Sea--are to be hauled by American engines over
American bridges, while the ``forty centuries'' which Napoleon
Bonaparte said looked down from the pyramids see not the
soldiers of France, but the manufacturing agents of Europe and
America. Whether or not we are to have a political imperialism,
we already have an industrial imperialism.

Walter J. Ballard declares[23] that the aggregate capital invested
in railways at the end of 1902 was $36,850,000,000 and
that the total mileage was 532,500 distributed as follows:--
Miles
United States ................... 202,471
Europe .......................... 180,708
Asia ............................ 41,814
South America ................... 28,654
North America (Except U. S.) .... 24,032
Australia ....................... 15,649
Africa .......................... 14,187


[23] New York Sun, July 13, 1903.


Jules Verne's story, ``Around the World in Eighty Days''
was deemed fantastic in 1873. But in 1903, James Willis
Sayre of Seattle, Washington, travelled completely around the
world in fifty-four days and nine hours, while the Russian
Minister of Railroads issues the following schedule of
possibilities when the Trans-Siberian Railroad has completed its
plans:--