File:Scribner's magazine (1887) (14781563502).jpg

Identifier: scribnersmagazin16newy (find matches)
Title: Scribner's magazine
Year: 1887 (1880s)
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Publisher: New York : C. Scribner's Sons
Contributing Library: Robarts - University of Toronto
Digitizing Sponsor: University of Toronto

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-i, e -r. tne (jreat Eastcn Railway.Drivers 7 feet in diameter ; tanks carry 650 gallons of oil fuel. Coal can be used for fuel at any time. average payment on all forms of debt culverts, and all perfectly signalled ; at was 3 per cent In the United King- the little country stations in stone and dom probably only 8 or 9 per cent, of brick, with platforms in solid masonry the share capital paid no dividend, and on both sides of the track, with waiting- ENGLISH RAILROAD METHODS 551 rooms, or at least shelters, on bothsides, and with bridges and tunnels tocross by. All these are obvious andmay deli<^ht the eye of the engineerand architect, and of every traveller oftaste and discernment. Centuries fromnow these noble structures will stand was given. These conditions are stillworking. As time goes on and theneeds of the railroads grow, our owncompanies find themselves the ownersof ground the value of which has in-creased, and which they can sell or oc-cupy. The English railroad must buy
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Ready to Start. as monuments to the English engineersof the first century of railroading. But there are other reasons for thegreat cost of the English railroads notquite so obvious. The right of wayw^as expensive. Those railroads werepushed through a rich and j^opulouscountry wdth great towns already built,while many of our railroads were builtover unoccupied land, the settlemenj:of which followed. With us railroadswere everywhere wanted and were es-sential to the occupation of the coun-try, and in many cases the right of way new land at enormous cost, and fromthis fact alone the cost of recent im-provements is a serious part of thepresent capitalization of the railroads.In the ten years, 1882 to 1892, the capi-tal per mile of English railroad openedfor work (meaning by capital all formsof debt) increased more than $2-4,000 ;while the miles of railroad increasedbut 10 per cent., the debt increasedover 22. An example of how this cameabout is the enlargement of the Liver-pool Street Sta

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