Cost Capitalization And Estimated Value of American Railways An Analysis of Cur
Cost Capitalization And Estimated Value of American Railways An Analysis of Cur
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The Pennsylvania Railroad is spending over $100, 000, 000 to secure a terminal by tunnels that will bear any comparison to those obtained by its great rival "for a song" when New York City above 42d street was mostly a picturesque rocky pasture for goats. The original cost of the New York and Harlem Railroad, which included right of way to the heart of the city, seventy years ago was only $2, 200, 000, or less than $84, 000 per mile for its 26 miles of line.
After it had spent months and probab...ly years to fit itself 116 for the work such a conscientious Commission would find that it could only conclude its endless task by adopting some law of averages, and applying them with such discretion as it might possess. Any attempt to deal with details would be to emulate the unnecessary labor of Sisyphus with an accumulating mass to which his fabled rock would seem a mere pebble. When completed, while the valuation might be labeled "official, " it would be no more capable of demonstration than the following estimate made from the best evidence at the command of a single investigator: COST OF REPRODUCTION OF THE RAILWAYS OF THE UNITED STATES AS OF JUNE 30, 1906.
What to read after Cost Capitalization And Estimated Value of American Railways An Analysis of Cur?
You can find similar books in the "Read Also" column, or choose other free books by Thompson Slason to read onlineMoreLess
To quickly assess the difficulty of the text, read a short excerpt:
The Pennsylvania Railroad is spending over $100, 000, 000 to secure a terminal by tunnels that will bear any comparison to those obtained by its great rival "for a song" when New York City above 42d street was mostly a picturesque rocky pasture for goats. The original cost of the New York and Harlem Railroad, which included right of way to the heart of the city, seventy years ago was only $2, 200, 000, or less than $84, 000 per mile for its 26 miles of line.
After it had spent months and probab...ly years to fit itself 116 for the work such a conscientious Commission would find that it could only conclude its endless task by adopting some law of averages, and applying them with such discretion as it might possess. Any attempt to deal with details would be to emulate the unnecessary labor of Sisyphus with an accumulating mass to which his fabled rock would seem a mere pebble. When completed, while the valuation might be labeled "official, " it would be no more capable of demonstration than the following estimate made from the best evidence at the command of a single investigator: COST OF REPRODUCTION OF THE RAILWAYS OF THE UNITED STATES AS OF JUNE 30, 1906.
What to read after Cost Capitalization And Estimated Value of American Railways An Analysis of Cur?
You can find similar books in the "Read Also" column, or choose other free books by Thompson Slason to read onlineMoreLess
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