TAXES ON TRANSPORT

'THE railroads of the world,' says one of the most distinguished of living authorities on the subject, Professor Hadley, 'are to-day worth from twenty-five to thirty thousand million dollars. This probably represents one-tenth of the total wealth of civilised nations, and one-quarter,...

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Bibliographic Details
Published in:The Nineteenth century: a monthly review, Mar. 1877-Dec. 1900 Mar. 1877-Dec. 1900, 1892-01, Vol.31 (179), p.134-149
Main Author: Acworth, W M
Format: Article
Language:English
Online Access:Get full text
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Summary:'THE railroads of the world,' says one of the most distinguished of living authorities on the subject, Professor Hadley, 'are to-day worth from twenty-five to thirty thousand million dollars. This probably represents one-tenth of the total wealth of civilised nations, and one-quarter, if not one-third, of their invested capital. It is doubtful whether the aggregate plant used in all manufacturing industries can equal it in value. The capital engaged in banking is but a trifle beside it.
ISSN:2043-5304