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Railroads

Note 34 — Chapter II · THE THEORY OF RAILROAD RATES

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The sharp decline in traffic in 1911, especially after the suspended advance of rates, as affecting maintenance expenditures per mile of road, is shown as follows:

1911 1910

Baltimore & Ohio $5931 $6336

Union Pacific 3296 3363

Great Northern 2375 2653

New York Central 8681 8087

Northern Pacific 2451 3413

Pennsylvania 9088 9792

Multiplying these differences into thousands of miles of line shows the great economy resulting.

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