Note 166 — Chapter VI · CONCENTRATION OF WEALTH IN MONOPOLIES, ETC.
Reading edition
Dr. Spahr, ibid., pp. 41, 42. The total capitalization of railroads in 1890 was represented by $9,437,300,000, while the total investment amounted to only $3,714,400,000. And Mr. Van Oss stated that “shares now return at least 18 per cent per annum on the actual investment.” Ibidem.