The Drift Toward Government Ownership of Railways
The Drift Toward Government Ownership of Railways
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In our eReader you can find the full English version of the book. Read The Drift Toward Government Ownership of Railways 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 Drift Toward Government Ownership of Railways
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But these figures are less than the annual taxes paid by the railways of the United States, amounting in 1911 to about $110, 000, 000; and, of course, the clear profits, after interest, earned by state railways are no less and no more a contribution to the support of the gov- ernment than are the taxes paid by privately-owned railways.
Furthermore, if the charges to oper- ating expenses for maintenance on the German railways were as generous in proportion as are the similar charges of American ...railways, their apparent net earnings would be less. It is a general practice of state railways, of which those of Germany have not been innocent, to present as good a show- ing as possible by making inadequate charges to maintenance, and then to charge to capital account new equip- ment really acquired to maintain the property, thereby swelling the capital account and the amount of interest that has to be paid on it. While this makes an apparently good showing for the management, it is the opposite of good for the public in the long run, and was largely responsible for an increase of $14, 000 per mile in the capital cost of the German lines between 1900 and 1910.
What to read after The Drift Toward Government Ownership of Railways?
You can find similar books in the "Read Also" column, or choose other free books by Benjamin La Fon Winchell to read onlineMoreLess
To quickly assess the difficulty of the text, read a short excerpt:
But these figures are less than the annual taxes paid by the railways of the United States, amounting in 1911 to about $110, 000, 000; and, of course, the clear profits, after interest, earned by state railways are no less and no more a contribution to the support of the gov- ernment than are the taxes paid by privately-owned railways.
Furthermore, if the charges to oper- ating expenses for maintenance on the German railways were as generous in proportion as are the similar charges of American ...railways, their apparent net earnings would be less. It is a general practice of state railways, of which those of Germany have not been innocent, to present as good a show- ing as possible by making inadequate charges to maintenance, and then to charge to capital account new equip- ment really acquired to maintain the property, thereby swelling the capital account and the amount of interest that has to be paid on it. While this makes an apparently good showing for the management, it is the opposite of good for the public in the long run, and was largely responsible for an increase of $14, 000 per mile in the capital cost of the German lines between 1900 and 1910.
What to read after The Drift Toward Government Ownership of Railways?
You can find similar books in the "Read Also" column, or choose other free books by Benjamin La Fon Winchell to read onlineMoreLess
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