American Railroads

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Excerpt from American Railroads: Government Control and Reconstruction PoliciesUp to the middle of the decade 1900 to 1910, the steady growth in traffic and the economies from improved Operating methods, enabled the rail roads to absorb the burden of higher wages and other costs, and to move the traffic at lower rates per ton-mile. The net income was sufficient to pay a reasonable rate of return on securities and to attract new capital when needed. New lines.About the PublisherForgotten Books publishes hundreds of thousands of rare and classic books. Find more at www.forgottenbooks.comThis 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.