The Atlantic Monthly, Volume 05, No. 32, June, 1860 by Various
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page 5 of 270 (01%)
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railways had been built, they certainly were worked more economically than
our own. At first view it might be thought that the economy was due to their greater business; but further inquiry showed, that, from the better shape of American cars, and from the wants of the public requiring fewer trains, the actual receipts per mile run of Massachusetts trains were $1.83 against $1.44 of British trains. The expenses per mile run of Massachusetts trains were $1.08, while those of British trains were only 63 3/8 cents. Could Massachusetts railways be worked as cheaply, the result would be that they could declare nine per cent. dividends on their cost, instead of six. Here offered a rich reward for investigation. Accordingly two gentlemen well known to the railway world, Messrs. Zerah Colburn and Alexander L. Holley, made a trip to England for the purpose of discovering how it was that John Bull could work his railways so much cheaper than Brother Jonathan. The results of their investigations are embodied in a handsome quarto volume, illustrated with numerous drawings, which has been subscribed for by most of the railways and prominent railway-men throughout the country. It is not too much to say, that the effect of it, in directing the attention of American railway-managers to the weak points of their system, has resulted already in a saving to the stockholders of our railways of millions of dollars. [Footnote: The statistics of the English railways given in this article are taken from the volume here referred to. Because some cunning English contractors in South America took advantage of the statements in this book to depreciate the American railway system and American civil engineers, for their own private advantage in obtaining work, some Americans have been so foolish as to decry the book altogether, as traitorous to the interests of the country. Such mingled bigotry and |
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