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UMMARY HOWINGCAPITALIZATIONF 368ggaOMPANIESOPER8`221,132EMGBIL XLNEORHEYEARE߀NDw>JS؎. 4   AnXmq$25,000for 170fineoteportingoPBureauoul8dd96,750ҁ2eboveh`.romshbeeduc $1Ӂ}sums`byOfficialt膨hn rr)ties,@Pw8rrtfollowacloapxakrmeas8mployndansindryUnies:

  InomputinghevgeOlastive0noHlowanceaseenadeorB8,927?;undx!r)ssufficieas0thatriaidreispresd遁eoQzXullyIifouchVhadCexpeHconstrucRmany.   OwingohecorporatewnershipftocksndondSconsequpaymsestdivide(,遰soasyat8ymake`ntirelyatisfactory`f"returnioapitalutpu2transtponvenueBailways.؁ˆistreibXOfficiPShnmtipu`ggregall6Âop@1non-companiecoverin X8,h8dmiss , $3,927,465uplic(d ,Bmpt.

  This $3饀healance(zhandsfj368ompaniemoneyseceivedymtransport,r,KOfficialӀ鄸hnowallst, "rails,"orpaym1iesr(reducividePddinhetI؂ ervePsurpludeAts.utroceedqtod ribuseg$200,725,696LTsourcIpr ipy>ntockown`yrrackae$5,410,338DutsTtotۇtwohmP66,034,ayXrbiriapplifir offs(iit$12 84,9Hi;leaslin)וӐ)roэz!eur3܊bove,iz.:%*64%pevely.    54,832,742  gggggg 171,958,547ig`/trr'''''''''''''''''''/''''''%!!Dividendsntherecurities__????= 769,22zGoooooAddonsndetm shargedonc'207H6????/8ppropriacreserv׆'''''6,984,4!MiscellaneouO?O5,602,761GGGG7eficiofeakin׆ 4,996,195 Surpluvailableohdjustqimve__o113,205,088ooooook$7`483,163'''''''''''/t>Thishow`hectualisposi9adenetncomXromperj roadsportingtABureau,ѹn97%ơwayus"Unitedtates,xceptat $120,7982}rourcesaseenliminxd;cou(yapplioffspaidy-.MISREPRESENTATIONSSODIVIDENDS.

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UpquehroaDž1909,Breturn368sportingythisureau恀ishzfollow)data:br>UMMARYF C OST>RADNDEQUIPMENTVERING 221,132=M?:ILES/>OPERATE.LNEOR". 4  Addingohis $290,750,000represente 11,870ilesfoadot9ortOsureaut5rper,ebtain$13,417,4386ascostandquipm 233x2/linemployedn2transationdHry-UnithS(1909,r58,031v.''TanndetimyasfailȀyaewڊournishvenpprox#figPaccumuldnirroties.veragocomotivx1ʊfas0gcar6frR8ɏ肘pany's5papiece—3Zrmucher;gAmericrwaysgRin8tuo $ќڅۅipbamtenanc(loolbnxpenditnearly $40nuallyPPZHYSICAL VALUATIONFHE=R?;ILWAYS'' It wh*hhY3䔐avehow2iff`ahyslaluy,lamor:egaoɏhqfavHhsubsided.Ԃos`lQatcᜈPmzmo2XyecamnvidsYigwoulduE oƒakezon1w8Vsؖladh wwphTo-dinsispemf8futB!0fromuar(8`driȍϦCprivsrl@t<ɚהCre슠񎱄poprpolitP@dQjec pgedu)֑"@ȀsMinota,ashtWisphӉuls&mbriefsummar薨ollows:br)NtabbortopptǢ  td)'''''''''''!cols="4gg''gg'''''+'''''''/MࠂLineooooooiCapxliz8lV^0S,''''G'''''''''''''''''''dlign="center"align="top">   Evenenatorlbert.umminsfowaaseXsuchr2Xthiubjecthatn耡peebeforeeraflubChicagoastebruaryaidchwouldotXllingoakepresurailroadopyashe0(Irates, "!reasItmanqbAycapitzbetwfiftAand(xbb1Xinceowy6."0acenter">CAPITALIZATIONF FGBOREIGNR3ILWAYS.''%Wo(sidZealanceheetertoap@lnvmXmericrailwayjund6dfbonbecauhitdem0trheynotreproducless$8Kp0mile,reaisskcomp8vfigurYQ;, 23,205       $6,382,296,742275,040c_X/trr1908''''!3Germany35,55ςwwwwww3,903,848,40􂯂09,78$Woo07''''oRussianurope (exclusivefinland)2ǂwwwwwwp(a)3,170,8706ǂǂǂǂǂǂǂ80,98Owwwww'''' Franceb)24,73ς447P6,0739,39_W''''AustriaS,42ǂwwwwww1,518m12p9ooooo''''πEHungarǂT,76Lǂwwwwws74x8091 63,01OWwwWwwV-0 ????߀EItaly (StateoadsnlyOGGGGG,69ooooooR0بߎ(''''πESpain (13Ӎ,84ooooooh583,6325,3Owwwww06''''Swedenj,93Poooooo257,408,45GFOGwwwwwG'''''G Belgiumͨ'''''O,53oooook430,8F69,806    1907  OH''''%cE Switzerland߂߂߂߂߂߂2,740ׂooooooh98,709,21x00|WwW'''''''''Otherountries:ǂǂǂǂǂǂDžGGGGGGggggggg9''''Canadab4,104wwwwww@,608,990,656 66,752___ww_ww\8''''_Britishndi30,57wwwwww364,669,375 43Owwww߅''''Argineepublic23,69wwwwwwp820,433,79W59,93Owwww?''''Japan,44oooooo3,1782h42,80?O?ww?wwυ''''?UnitedtatesfmericσGGGGG[00O5h71107,9Owwwww߅ww'''' colsX="5"ggg''gg(a)ussianapitpzation,ncludingailways`,verso!39,277iles,romhichheersmpu@.GGggtop"> (b)hissxclusivef 4,259ilesylocalnterest. TheostrikingeatureP􄹂tXsteadydvanchowieapit0cGermanailways.Ɂ@enearhacreasedrom 251,597arkserilomeЃI1898o 283,608908, i.. 31,731''r $12,282ʋ.meansn)$991,687,440i/(fhonly 5,525linp> 284  ";    hIfhewnershipfailwayonds,hichsvenoreelyistributed0an)tstockcoulderaced,tfounveillionnvershiy(iinancialelf!Ʌs.h[givoa8($13,000,romTIaagcom8so<$520`year.ajoy؅pproqPbJnquiryo@droppn6,snyuc,lhXpowљ amenylɐdminQatYponsibilecessari ؊okewh)mbp:ppbreak="0>VII4P׀ASSENGERׁRAFFIC'?;s8rєϔϿjicomaXgatEpasg .ԗAbecau肳"@bPˢ_epassengersreumberedyillions,hhousandsufficene偰erathfshipperorequentlstakiemselvesorIw`yearsexenune 1, 1889,nd90populOUnitxStatXincreasfrom 61,2h000o 88,806q,r45%.ɉKmea massenger9providӀrailway24,5864`26bov887PButisonotsueialks9madetrave ngublicqichsofulYaccuexexpre؆Vamaz!growth͓SqNsQrioȓ11,553,820,445!apPxim29,452 AҌo15pH釘shownp9farrtdonx_GEpghtth4rlWP????Ǖ'&rageceiptsРec .165X? 1.9165—ai11%lgh倘ytemvodMserv,ocomoti,rrack,Hlabor,tc. osP.ԜexceptQehs)o!g9erta@denXysec4wunrem`2Tso(wHtтPayxp)Qwh\R0roadomp2WischchaXiz)s "apecii!dp0ϖ04."____]s(旐ތ߆re!(zBau>9TompPdhjinoiHrenyed I yZfollow em:mbp:pbxk/>       Milesfineepresented  AccordingQthe킠hlyporIstateommercKissiono1an233,002line,revenu1909ere $564,30(80,r $1,94x77esh`Qab7f`on228,164,8.UMMARYF P ASSENGERMILEAGE,REVENUENDCEIPTSЃ''''''1900OA9. \ 1903  ''''&20,915,763,881    6.2_ooooooi421,704,59.006KG@/trhrooooo?04''''1,923,213,53Ԉ?.8_ooooooj44,326,99?????oo?oo:5''''000,149,4?8._oooooo;72,694,73w.96lG?ooooo?''''85,167,240,83w5.7_ooooooj10,032,58qlG?ooooo?0p''''7,718,554X0?0.wwwwwwC64,606,34GC1GGGooGooB ''''9,082X4Ԉ?9_oooooo;6x5,65'3lG?ooooo?0p'''':452,0 ?9ςoooooov30;1G?ooooomoo''''''%Increase,erだ83ׂgggggga—  ‚oooooon74.܂ggggggϘ7____7_'''''  Heretshownhat(eassengererviceendxdasncreasp12%o8؂rvenues.ut3sificaшxumnfearly>NbyerAagTutexplod orytravelgtpmulatxlowares—asideromomositivn Qtow,uchsIiodxlсons,LouisianaurceŁ&orstaHeffectwhiclCceAa1905,ncluEheav*duringmhsa(ndJu1Decemb1,4.POJASSENGER tTRAFFIC-1888InextHmiliafP regarogfCommissibnlIldata)uiewdžb))Nor؋// 29,452A!wwwwwwq507_______X8WWWWWWW 33WWWWWWW4_______ 1.916KG@/trhrooooon90p'''' 890______08wwwwwwς______Y9WWWWWWWWWWWWW6<______3Goooooa''''7?______7,71wwwwwwW______Y1WWWWWWWWWWWWWG______.01lGooooo0h'''' 79______5,16wwwwwwwp47______YWWWWWWWWWWWWWB?______0̂Gooooo05''''3ׂ______3,8wwwwwwJ______ZWWWWWWGWWWWWW_______6lGooooo0''''1______21,92Wwwwwww4______YpWWWWWWWGWWWWWW______DGooooo'''' 69______0,9wwwwww2_______WWWWWWGWWign="center"align="top"> 421       13,049       260          !Theeveraln;shownfirst,0cond,irndpxthumnsfreflectgenadvancempassengerraffic.hatA45%agewsoၡmark@progressdensityhichyv(uallylacen8fibasis.n̓achusetts,8er@hisVyields79ÂnomYfoXwo-attatute,!itiohh@Pdk1.64s?e 2roup9htingOhio,Xdiana,͉HiganllinoiIowWis҇PMinnesotȈeԉon46sy,HorMfabmfaacosHlI ollaop:AmiPQti)؊,92.oreo:GA0o yasnĕЁUl PhxbaisebX 508ygf$ϛVIfwno8ߍޜDNewnglY!NorAtt0ߢ iUnitSKwouІwell@low׊׉Y.   1888   39??????>55WWW__W____w''''lspa7"ggg/table>Itllebservedhat(eᤴreceipts0an 1909re(lowcomput` eXyyearsboveamed,xcept 1891.hen+dvancJөth!nssato"Aice—track,@rquipmonvenies,pe minalacilities isqsider*pticPcoinc؅2andlesoarghforg0matofits.RϐECEIPTSROMM'"AILNDEXPRESSH6!Closelyssocidxthތfficmrailway0mexpr莝s.lthoughpalpiXby/)ineachaIl}wnك.up0lud`unǃ.ԆfromIsworpmdugladecadshfol@Yst:??width="1em"lign="justify">

UMMARYF R ECEIPTSROM%M'"AILNDEXPRESS, 1899O 1908. t 37,752,474         Asideromhetrikingntrastnʛagesf{arevenu5twoous,mo`sificaXfeatur thisHprsal遨hows   1909  Compared(thhdofnly 41.5%рrevenuesromailceivbywaysuringsameiod,ach؃abovagteiQoositXduction~atforervice.nd郫>Pwrycarrixihrenown,crastetweeS$payouleostrik.ɂ899Btotall3wasportX`635,180,362undsK907Jmxsdepeciplacჿπat*t 1,2958,284,1gnp10kөR.yXf8ntȉXsȎ_񓿓RRd0%.ԍtslluminatmits셂hargЄ'|@anЄsponsi UPydefichgroque.FREIGHT-TAFFICWP6//-Accordbm0hreturn2IчmJisspro!ǍfrϊȀUniaS n$o@Ѓy*8E9,daunusuyowigu68.51%ʀX88%e0velyofyXsummary҃,dnn ,how67%L,hiPbyњekфDBau=9ieHOO1lمI7777ccepQӃkFbeE acXہthoXsЕ()ios;d Xenah X1!nboPrelief-folam؀inߖߖߖٰo:b)Nber top"py  ntd)'''''''''''!colspa5gg''gg'''''03Yp  wwwwuPF|RԖẼnt size="2">   Theverageroportionornineearseceding 1908seenoelightlybove 70%,nd"factHattaslmostpointlownH9dicatesrerafficborebruofkus@sse0sswhichurtailed8wayevenudurithos.

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______125_______ 69______X.860C?8/tr`rggggg893''''!747______X93,588wwwwwww 50_______B8_____________Z82______7l?gggggo92''''06߂______08,241wwwwwww 48______B______4_______ЧW______9?ggggp''''(7______1,07wwwwww4w____________D______3______4?gggggo9''''߂______26,207wwwwwww3w______Aς______Z1______y1______9?ggggg8'''' 537______8,72wwwwwwp38______'______R______y4______22ggggX''''8______11,32wwwwww4_______17w____________z______.00_Gign="center"aligtop">   De  (a)iguresor 1909pmputednasisfeturnsohBau. but?>QGle."to@knowUlengthhaulNespe08,e𗂁DecsuvariɃargeyulve׏׏׏֡,⃱firPedertooxoQlсinȅ0TmdiviXinquixXlimiǂriginCs@    34,718,487a!.89C?8/tr`rgggggeMiscellaneousυςoooo3,3X272_ 4.0\ggggggd4,824,123 5.0T?Ogggggegg''''''''''''''''''/''''''''W Total߂߂߂߂810,78P18ׂ 100.00wwwwwww93,19/Owwww/'''''"colspa5"ggg''ggNOTE.—Theseablesailoncludeearly 200,0!00nsnassed.Dž/z>    EWWCol:nimals     9.23   75.87??????t4.49??????;4.3o77777.2777777u4.170/trXr_____90P''''577777O77777 1o?????O?????42??????3?????67777775077777758____p''''߂777777ǂ77777?????2.5?????6?????w3.41??????8777773G77777u37____5''''Q7777775߂77777 ؛?????72w?????4?????6??????37777767777777_____0'''' 8ς77777777773.0??????????5.2?????u??????a7777779G77777u4.7B7_____07''''6777772777773??????3g??????????v5.4?dlign="center"alitop"> 3.89   Itllebservedhat(eeriagfowaterarriin asrer!nonyhrearverbysetatihcs.his2dueoreoJfalling0fqmanufacturesdiscellaneous"incsmmclas.CnjAR=S׀ERVICEOPERATIONSG@6GGEWDepart Comm)2Labc`s "aXnveniQindexmtrafficctiviti Pcountry"鉈`ڍolXcomvۋ^hs8lriiIssociondemurr!baus,q5-???>mbp:pbxk/>BREAUSURING-T/*WELVMONTHSND75CE19.G簧'''''''''''''ggtop">   2,282,191  ______Y161,767______]790,80WP/trxr}1!Cincinnati675,11WOOOOOL7483OOOOOOL71,990OOOOOO35,365OOOOOO14JGooooooo''''''' 116,533   OOOOOO158,231OOOOOOL84,577OOOOOO3,885OOOOOOK201,0G@/trhrooooom1!Lakeuperior332,67OOOOON71,312OOOOOOK415,64OOOOOO8,109OOOOOO0,490777oo7oo7Louisvillea?95,09OOOOOL541,94OOOOOOM028OOOOOOL18,95OOOOOM65,74G?ooooo?;MemphisJ35,56gOOOOOMh316OOOOOOM5,1OOOOO9,15OOOOOM24ȏooooMichigan687,4OOOOOM766xjOOOOOO 89OOOOO92OOOOO59,8Gooooooo'''''''-ssabeangeυς30,241GGGGGD7,613GGGGGG2,78GGGGGG93ǂGGGGG=4@4gggg ourialley1,5087w_____]665,88______Y910,13_____06,75_____^863,05Nashvih{0hOOOOOM36,11OOOOOM57OOOOO="2"> 326,385    337,234IG@/trhrooooom1!Neworknd΀hJerseygg997,30bOOOOOO 1,100,067______]409,161______]248,609______16,83WǂǏortharolina//57,47OOOOOM74,710OOOOOOK40h5OOOOON4,3OOOOOOH45,398???oo?oooo''''''''_Zeasnennsylvani/ 802,072wOOOOOL36,443OOOOOO17,936OOOOOOK633,65OOOOOL594oooorn67,04_____^722,34______98_____^515,70_____^658____Pacificy761,38_OOOOO703OOOOOO166,88߂______47______090,94777775ΞwestGGςςςϧ72OOOOO27,474OOOOOO$88,09'OOOOOM45,40gOOOOO]87,11JGWoooooWThiladelph56,74_____^218,7______322______v92ǂ_____508,20bWtop">    931,185  !! Wespn (Omaha)  622,868тOOOOOO 718,872OOOOOOL70,470OOOOOOL33,346OOOOOO5,82"GGoooooGDisconsin 57,03O______19,32_______72G_____^0(2______006,05ZWgg''''''''''''''''ǀWTotaleportedy 34ssociatinureaus (bg_????:27,6599gggggd9,749,894ggggggc31,858ǂggggg'638,3gggggg2,569O/wwwww/ww'''''''BaltimoreWashingtonemurrage†(c)721,428gggggg40,903ggggggg35,1gggggge588,930OOOOOOK672,95G_ooooo_[IllinoikIowa''WWWW(dЂ//////b,054,315______]2p77_____߂//////561pWςυvalign="top">   VIIIOMPARATIVE INCOMACCOUNTFH.R/*AILWAYSN7t>U7CITEDS="2">TATES C<9ize="2">ONSIDEREDS5S72YSTEMORHE-Y/*EARSNDINGJUNE 30, 1909NDI8. |     Freightevenue  otal߂߂߂߫U8761,48Wdlign="center"align="top"> $1,748,221,670        Interestnurrentiabilities  y171,607,550oooooox04,07 06ig`/trr'''''''''7777777SW!Balanceorofitndos熷o$ 3,94 75ooooooy7,752,677'''' colspa5"ggg/table>In 1909he "Incomeccount"frailwaysaswelleconfushbyncludingrein $200,725,696YicorporateaymPs,hilhator8|es0450,192 "OɅBhich,s been merlyotˆOfficialtati؀hn,cstotaYoictitiousXgure.tsut`/a es+dividendsrid,gseduhonsadeurplXccumuldf"ȆaboveeI !charggain;"xstebxgfromarnHqopebGPGL@ eachouldȅ@soul r.RADSORHY' RNDINGJUNE 30,r.WWww''''''''''''''''77''''''''''font> Incomeccount      $ 58,746,313oh/trrcolspa2"ggg󃑀!Dividendseclaredutfurplus??OOOOI27,550,596/////gg/ Otherrofitndosstems—debbalancez,006,57wwu''''ggBs㕈June 30, 1908,arriPtoheetww29,18 44炗''''''''''%/table>IncludundplihA"Deductionsromr9corporatencome, $62,232,508"Xistmaye``rPsoBroax9facilitiewhichseeasс[rezlessees,es8nydbۃ#,HnkingBhharge醋0no(pecificallyorlsewe.nЇ9pe2alsIhi@@equip,!,coursQhwith.D/*ISTRIBUTIONF}G72ROSSEARNINGSH\How⬛q?ailɭXJ`ZBau9 ($2,375,141,766)ai hownnex8omparisaQilaivis&H7g恂b)Njorp0'  27ς_____ύύequipmPGGGGA358,747,37ooooo5.10??????>4?????=4.2:7w_____wW!Traffic__48,453,70gggggd2.087777776W777774—  'OOOOO nsportonG????87690,194ooooo3.6?????=6.2w?????=7.57o___tdlign="center"altop">    E Generalxpenses   54,638,243  gggggg 2.307777773—  //////Y461/(/trPrWWWWWU133LossndamageOO6,379,042ggggg7777777//////*1.8/WWWWW!Miscellaneous(a)WW60,146ggggg5777777////// 39WWWWWW''''''''''''''''''/''''''''?WETotalxpenseswwWWWWQ$1,568,111,27=6.0??????89.6'?????=7.5____Taxes(b߂88,536?gggggc3.߂777777c777777110WWWWRpalsfeasedoad׆O114,903,63oooooo 4.847777775677777779WWWWIiestnunddebtndurrhiabiliti15,884!wooooo<3.??????.3w??????1:7_____Dividen炏71,607,55nt></td> 7.23   <7777704.4277777738.781/(/trPrWWWWWU1!Deficitsfeakompaniesgg20,223,246ǂgggggc.85//////+1.24777777\19OOOOBetpms,eservesndundrWWWWW7,494,75ggggg.00777777677777775b/gWWWWWgcSurpluς8,384,86ggggg_77777^07777772/WWWWWWW''''''''''''''''''/''''''''WETotal (grossarnings)$2,375,141,766700GGGGGGGGGGGGGGggggwWDG 1908߆߃z,393,805,98GGG77G77WGGD7C589,1@577G77777777ize="2">   OwtoheactHatestn!btkividend،houPf"commrivoperŽvmPxamouhvoQsptems3bove enecessarilypus.ԆY@Aotimrurplusould miblargpchAsor71f`tarnAny!grei$T2h,WRI0ccru4roasn,xGbexrour \spors`Puhnolarailwa@ccHaAAYoegulPÒe q rPZs.

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THEIMINISHEDURCHASINGOWERF҃|EARNS~blockquoteǃRτ%Ä851372>FOOTNOTES:ˁoj3531ROADSN BLICPPROVAL߂69640:σY낧85636ROBLEMS TOD/9`47;ELATIONTOSTATE.ώgώώσ591͎ǎǀo߂955NALIZJ'001022648>CONCE DVAhSNRׅO12161׉owww߂2188>ISTIC AMERICAvO?'OOOwp22P8>IILEAGE1909o335606>IIQUIPMENToǃ417249MPLOYIROMPENS߄GGGGτGGF627400>IVAPITǃog66705>OSTyXSTRUC߂Oo߃߃߀σ߃߃922VIWNERSHIPo777τ77782530ISERVICE?o???τ??=85263298d:EXooσ903>IXAXooooooool17374>XAMCINJURIhPp877oo77777235522>XIO0OTIVEUELo45875IAFETYǗLJGoGGGGGA2120926AIGECE0Z o???τ??>426098wGULτ5246VӺτ@FOREIG77oo777771(9280IROWTH_߃wo߃߃߃߃߃߃333>OMDo>INDEXp 4368FULLROJECTUTENBERG̭8mbp:pagebreak/a> NMody>INDX0TAGX 2F0IDXTINDX 00001 ̀02$ 03D04a>05 06 <07 A08 T09s0Ax0B0CKۀ0De0EjW0FBI10 =11IC܀12" m133{144 }155 |À1663܀177: 18:E19:Ki1A>51BD:1CD?G܀1DK;1EQB}̀1FV@ iـ20c*321e]G22g$.23gS 6Ȁ24q !25t+W26u 27vP28vb WĀ299)2AcM 2B0 2C H- ̀2D v 2E P2F]=IDXT)5BN[gt %2?LYfrThe Project Gutenberg eBook of The Railway Library, 1909, by Slason ThompsonThe Railway Library 1909TABLE OF CONTENTSINTRODUCTIONPRE-RAILWAY ERA IN AMERICAFIRST ANNUAL REPORT of The Chief Engineer of the PENNSYLVANIA RAILROAD COMPANYRAILWAYS AND THE PACIFIC NORTHWESTSOUTHERN RAILWAYS AND THEIR NEEDSPROBLEMS CONFRONTING AMERICAN RAILWAYSTHE RAILROAD SITUATION OF TODAYTRANSPORTATION CHARGE AND PRICESTHE FREIGHT RATE PRIMERPROGRESSIVE SAFETY IN RAILWAY OPERATIONRAILWAY MAIL PAYTHE DIMINISHED PURCHASING POWER OF RAILWAY EARNINGSTHE RAILROADS AND PUBLIC APPROVALRAILROADS AND THE PUBLICRAILROAD PROBLEMS OF TODAYTHE RELATION OF RAILROADS TO THE STATE.RAILWAY NATIONALIZATIONCONCERNING ADVANCES IN RAILWAY RATESSTATISTICS OF AMERICAN RAILWAYSINDEXTHE FULL PROJECT GUTENBERG LICENSEFOOTNOTE:FOOTNOTES:I MILEAGE IN 1909II EQUIPMENTIII EMPLOYES AND THEIR COMPENSATIONIV CAPITALIZATIONV COST OF CONSTRUCTIONVI OWNERSHIP OF AMERICAN RAILWAYSVII PUBLIC SERVICE OF THE RAILWAYSVIII EARNINGS AND EXPENSESIX TAXESX DAMAGES AND INJURIES TO PERSONSXI LOCOMOTIVE FUELXII THE SAFETY OF AMERICAN RAILWAYSXIII RAILWAY RECEIVERSHIPS IN 1909XIV COST OF RAILWAY REGULATIONXV STATISTICS OF FOREIGN RAILWAYSXVI GROWTH OF RAILWAYSRECOMMENDATIONSJFIFC      C   X" }!1AQa"q2#BR$3br %&'()*456789:CDEFGHIJSTUVWXYZcdefghijstuvwxyz w!1AQaq"2B #3Rbr $4%&'()*56789:CDEFGHIJSTUVWXYZcdefghijstuvwxyz ?|0)qJ ( ( (N /M#QR@Q@Q@Q@Q@Q@Q@Q@Q@Q@Q@Q@Q@Q@Q@Q@Q@Q@Q@Q@Q@Q@Q@Q@Q@Q@Q@Q@Q@Q@Q@Q@Q@)ȩHȨ8P*JfIqRTt6qM8@ E.JiM5Wu>1EQEQEQEQEQEQEQEQEQEQEQEQEQEQEQEQEQEQEQEQEQEQEQEQEQEQEQEQEQEQEQEQEF)*%\ z F8qN F:)4!8EPEPEPEPEPEPEPEPEPEPEPEPEPEPEPEPEPEPEPEPEPEPEPEPEPEPEPEPEPEPEPEPEPEPIҤN楠29oI!ɨQB@Z:QEIE?u臠wZOV]O؟x-hYƢL^;|O>>#jZ:vt+ Bpg{^?]%|8ϊ?k{úVb./k{w_ |c𯊯>Ϥ[jv |E3մ[[;[\׭}{1~ y-;}sWҮt_P6Wÿ@O_iijuO+|Z(?f?*%G:+~ec~.i_P_-?m|o~G4/[[;SǞ*?k\[V\noYRE~cM|Dqlˆg_It;~3+_?:}E|*? 5?_<gWVv[ uWǵ/}=+*/ e$׎߲[\ǝ]PrXw۾gz #Tx-'|D|h~/ڭukw_T(_UIIk{xW/ڿguuwyK1?: eu+vꃣtS;_6xN/].nY<+CikV|O];gմ]RmkNU+6z_ڭmVX\7?7uc:ZҮ괫b |=|;ZV~?c_LcZjsuZ 4 ըl‘վ]M ?"i>_w^3ݭ"U֩kmO]h'IE|;1o;[5V&J_zg^=Ti~"iگ|MZi^wy_U}-Ey_mFj_­s]Cڵ?]}μB/߈-/ڿn>@}gE|$Wuχv!xvEֿ_Kr[؅SN|)giWZ a%Q^ nߚw#J[_]xg_eӾY/=|%j>_/}Pt1m}ֵ=kWV\ aT<;eOxK5{隍ٮ/(kPQ^1$w?W_}7?eer'E>0k ÿ;ekͯ&u@}VQAQEQEQEQEQEF1nȻT9Mqހ"}KIݨhU@84%fť}^iPCJ 1~_.Z\?>GSOVU_7?Z?꿘?#; )ǫ_*S?iI/ïZ?/U__[| ]Na:F_ ҃ .%}1~fCn_Q/ LҪIQG3U_!n ſJ?֯iV&n4]}+&3J#[_K Gú]k۷_Z@a |o~ >3i ڿҫ+/3Ǐ>_ ( >tU/eº-Pz?N`?ٿLqu]}Zs/Uq ᶹ"gn G7OOMZS\5?|W~^nz!tsZK_Z]Py_Vh?b.i<wWxWZsrh.<;u}OZe_kJ/⥿zBVE?o*oH<`;_%ğ:+O'U~|#A-\ (eBws_U۷?hUmu|~eYծ>שhZe}} M_^ _j@a w_/핡DW[[_Zϝڿֿr>F>"~ѿJrڬ?M?h0_.~8F=Z[E_N\o7Ze֕uoU|p!xEwVn o6]xWŷzڮ-}r?f=<]O_k$vT.y~ 1IEPr6_]OJoZk{*'_j>Aeg=>|7gI\~i\_S ~ա:ƙkq?Ps7~Px?rg/VXGTZhUsC{o_.N[[_x>껟-Ÿ~SOxW,>(} Sӿҭ4yODӼU4ZT75}Wn*k?Nc3;qmψ/jvwzje=:tj]ŏ⶝q?Z]\-~>[_2>#Kx_g/% ~n/K[Z8_G¿~]MO^ ]OZK;Z /V-և]jw^/y=k38?ծ]PF=~poXB<3;]ö=ZWgV-2Ux&Ÿ+/RNQ)_Z?q73\\WZ,I1??~*Sokkkj.\+'S BխփL/.y#ŚoPxC?]k #%Z~0ѭӮxvBZ75O kn_Z~+?:E{s m ={ekVUk_t;e{S/{?\{_ ~ou_? 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