. The American transportation problem; a study of American transportation conditions, with a view to ascertaining what policy Americans should adopt in order to effectively meet existing conditions and be prepared to continue to lead the nations in the march of progress and civilization . tone in accordance with theprice he would expect it to bring when taken to market and properlycut and polished. The question, then, is not, What would the landscost now? but How much of the Nations wealth would be destroyedin flooding rich agricultural territory, and cutting off from the marketsof the future,
. The American transportation problem; a study of American transportation conditions, with a view to ascertaining what policy Americans should adopt in order to effectively meet existing conditions and be prepared to continue to lead the nations in the march of progress and civilization . tone in accordance with theprice he would expect it to bring when taken to market and properlycut and polished. The question, then, is not, What would the landscost now? but How much of the Nations wealth would be destroyedin flooding rich agricultural territory, and cutting off from the marketsof the future, vast areas of oil, gas, coal and other mineral lands? 59 Inasmuch as we are not seers, it is impossible to determine what theloss to the Nation would be, valued at the prices of the future, butit would be manifest folly for the statesman to estimate the value ofcoal in the mountains of Kentucky, Tennessee and West Virginia atfigures lower than that now being paid for similar coal along the rail-roads in Pennsylvania. Coal rights in Pennsylvania are now selling for over |1,250 peracre. Where such territory also includes rich alluvial bottoms, theirvalue is $1,500 per acre. Where there is both coal and oil or gas, thevalue sometimes becomes several thousand dollars per acre. In the. PROPOSED DAM SITE, FRENCH BROAD RIVER,EAST OF KNOXVILLE, TENN. Dam to be 200 feet high, about mile long, submerged area 71,000acres. Position of dam indicated by arrows. Land held at $ to $ acre, but is not for sale. following estimates, I have placed values at prices at which similarproperties are now selling, where transportation lines have been built,believing that the demagogues who have temporarily checked the de-velopment of our National wealth will soon lose their power for actual value of our coal lands will, within a generation, probablybe far greater than I have assumed. If there were any truth in thepreposterous statements now current, regarding the exhaustion
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Keywords: ., bookcentury1900, bookdecade1900, bookidcu31, booksubjectrailroads
