. The railroad and engineering journal . -ministration plant and interest on dormant capital, $130,-000,000. Judging from the record of the Suez Canal, during thepast few years, the amount of shipping that will certainlypass through the Nicaragua Canal, will exceed 5,000,000tons annually. This at a toll of %2 00 per ton—which isabout the price now charged for passage through the SuezCanal—would give gross earnings of .|,ooo ; fromwhich, deducting $1,000,000 for yearly working expenses,there will remain a net receipt of $9 annually, orin the neighborhood of 7 per cent, interest on
. The railroad and engineering journal . -ministration plant and interest on dormant capital, $130,-000,000. Judging from the record of the Suez Canal, during thepast few years, the amount of shipping that will certainlypass through the Nicaragua Canal, will exceed 5,000,000tons annually. This at a toll of %2 00 per ton—which isabout the price now charged for passage through the SuezCanal—would give gross earnings of .|,ooo ; fromwhich, deducting $1,000,000 for yearly working expenses,there will remain a net receipt of $9 annually, orin the neighborhood of 7 per cent, interest on the capitalinvested. It is plain to be seen that this is not an over-confidentview of the future financial condition of this canal. XXVIII.— The following table is a summary showing the relativeposition occupied by each route with regard to the pointsof advantage chosen for comparison. It is considered thatthe points here expressed are arranged in the order of theirimportance : 354 THE RAILROAD AND [August, i8qo. No. LAKE NICARAGUA Miles. ELEV. 110 FT. ■J 5 V)
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Keywords: ., bookcentury1800, bookdecade1880, booksubjectrailroa, bookyear1887
