people of the country allow the railways such earnings as will enable them, not only to pay their expenses, but to attract the capital needed for the provision of such facilities, and for their extension to meet the demands of our growing country.
For the prompt movement of business, not only cars are necessary, but locomotives, sufficient trackage to move trains without delay, and terminal yards through which cars may be handled promptly, made up into trains, and dispatched. It has not been many years since there were more railway-tracks, more cars, and more locomotives than were needed, but now the situation has changed. In this rapidly developing country five years makes a difference, and ten years makes a very large difference.
Mr. William M. Acworth is a noted English authority on railway economics. About a year ago he said: “You American railroad officials ought to stop talking about double-tracking your roads as if that were the end of the improvement. The time will come when you
