An American Transportation System; a Criticism of the Past And the Present, And a Plan for the Future

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For it must be remembered that nearly all of these roads were built in sections by private contractors, and if there have been, and are, railway contractors who have been, and are, willing to risk their money by taking contracts to build from ten to one hun- dred miles or more of road, without having any- thing to guide them but the plans and surveys, there are certainly plenty of men who are compe- tent to estimate the cost-value of the same work when it lies before them.
While it is, of cours
...e, impossible accurately to ascertain the original cost of the construction of many of the roads, there is no inherent difficulty in ascertaining the cost of their replacement, or the value of their other assets. All the require- ments are time, skill and honesty, the latter two being, indeed, qualities which are not picked up every day.
It is not, of course, expected that the conclusions thus arrived at would be figured down to dollars and cents. If they came within millions, all reasonable requirements would be satisfied.


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