Railway Purchases Measure General Business Prosperity

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Railway Purchases Measure General Business Prosperity
Edward Baker Leigh
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RAILWAY PROSPERITY MEANS GENERAL PROSPERITY Not many years ago, comparatively few business men, aside from those directly selling to the railways, realized that railway prosperity meant general business prosperity. The past few years, however, have witnessed a steadily growing recogni- tion of this fact on the part of busi- ness men generally, until to-day it is substantially an accepted doctrine. There is wide-spread confusion, however, as to what constitutes "rail- way prosperity, " often the... result of the popular error of accepting the in- creased earnings of some particular railway, or the naturally growing gross earnings of railways generally as pro- claimed by the public press, as being indicative of "railway prosperity. " Much is now being written regarding decreased net earnings and the many other evidences that the railways gen- erally are by no means prosperous in the true sense of the word, or as determined by the true tests applicable to all business enterprises. RAILWAY PURCHASES "MEASURE" PROSPERITY It is believed that the watch-word "Railway Prosperity Means General Business Prosperity" should be changed to read: "Railway Purchases Measure General Business Pros- perity.

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