The Countrys Need of Greater Railway Facilities And Terminals
The Countrys Need of Greater Railway Facilities And Terminals
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In our eReader you can find the full English version of the book. Read The Countrys Need of Greater Railway Facilities And Terminals Online - link to read the book on full screen. Our eReader also allows you to upload and read Pdf, Txt, ePub and fb2 books. In the Mini eReder on the page below you can quickly view all pages of the book - Read Book The Countrys Need of Greater Railway Facilities And Terminals
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Already, merely for constructing and operating their existing machine, many of them have not only pledged their credit to the limit but have absorbed a large share of their surplus earnings that in other countries would have been paid out in dividends. The ability of the Pennsylvania system to handle its big business is due in no small degree to its past policy of diverting profits legally the property of the stockholders to the con- struction of betterments. There is not a well-managed railway... of any size in the country of which the same is not true to some extent. And, with the increase of their expenses and the limitation of their income by public authority, there is coming to be little or no sur- plus revenue that may be so employed. Net income, not gross, is the index of prosperity and the foundation of credit. Gross revenues grow, but expense grows fast- er. Returns to the Bureau of Railway Economics, covering 90 per cent of all the steam railway mileage in the United States, show that during the first seven months of 1912 operating revenues increased 3.
What to read after The Countrys Need of Greater Railway Facilities And Terminals?
You can find similar books in the "Read Also" column, or choose other free books by James Jerome Hill to read onlineMoreLess
To quickly assess the difficulty of the text, read a short excerpt:
Already, merely for constructing and operating their existing machine, many of them have not only pledged their credit to the limit but have absorbed a large share of their surplus earnings that in other countries would have been paid out in dividends. The ability of the Pennsylvania system to handle its big business is due in no small degree to its past policy of diverting profits legally the property of the stockholders to the con- struction of betterments. There is not a well-managed railway... of any size in the country of which the same is not true to some extent. And, with the increase of their expenses and the limitation of their income by public authority, there is coming to be little or no sur- plus revenue that may be so employed. Net income, not gross, is the index of prosperity and the foundation of credit. Gross revenues grow, but expense grows fast- er. Returns to the Bureau of Railway Economics, covering 90 per cent of all the steam railway mileage in the United States, show that during the first seven months of 1912 operating revenues increased 3.
What to read after The Countrys Need of Greater Railway Facilities And Terminals?
You can find similar books in the "Read Also" column, or choose other free books by James Jerome Hill to read onlineMoreLess
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