. Cost, capitalization and estimated value of American railways; . ger and freight cars. Brieflystated, the number and cost of railway equipment of June 30,1906,, was approximately as follows: Locomotives, 51,672 at $12, cars, 42,262 at $6, cars, 1,837,914 at $1, cars, 78,736 at $600 Total cost. $ 620,064,000 253,572,000 1,837,914,000 47,241,600 $2,758,791,600 124 That the estimated cost of locomotives is a reasonable oneis proved by the following weights and prices of current typesof locomotives in 1905 furnished by the Baldwin LocomotiveWorks company: Weight(
. Cost, capitalization and estimated value of American railways; . ger and freight cars. Brieflystated, the number and cost of railway equipment of June 30,1906,, was approximately as follows: Locomotives, 51,672 at $12, cars, 42,262 at $6, cars, 1,837,914 at $1, cars, 78,736 at $600 Total cost. $ 620,064,000 253,572,000 1,837,914,000 47,241,600 $2,758,791,600 124 That the estimated cost of locomotives is a reasonable oneis proved by the following weights and prices of current typesof locomotives in 1905 furnished by the Baldwin LocomotiveWorks company: Weight(excludingtender)pounds. Cost American . Atlantic type Pacific type Ten Wheel type. 102,000187,200227,000156,000192,460 Average price. $ 9,41015,75015,83013,69014,500 $13,836 Moreover, the price of locomotives has advanced considerablysince 1905, and will continue to advance so long as the cost oflabor and material and the unabated demand for more enginepower continues. As to the cost of passenger cars, their price varies from $4,000. New All-Steel Postal Car—Union Pacific. to $14,000 with the ruling average, including postal and baggagecars, rather over $6,000. It is pertinent to this discussion to quote the recent decisionof Commissioner Lane in a case before the Interstate CommerceCommission involving separate accommodations for white andcolored passengers on the Nashville, Chattanooga and St. LouisRailway, where he found that: The cost of the car allotted to negroes was in the neighbor-hood of $8,T00, while that of the other passenger coach in defend-ants No. 93 train was about $8,800. The expense of the small 125 smoking compartment in the latter accounts for nearly all thedifference in cost between the two cars. The history of the road to which this case relates is worthyof study for the light it sheds on another phase of this construction of the Western and Atlantic Railroad, nowleased to the Nashville, Chattanooga and St. Louis R
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