others. The total taxes paid by these properties was $7,640,000, a very substantial contribution to the funds for carrying on the government.
But the people of New England have other interests in their railroads. Not only is the railroad service a vital part of the social organization, but its earning power as well affects a large and widely distributed number of investors. The number of security-holders of the New Haven and New England lines and associated properties is estimated at 60,000. The great majority of them live in New England. Of the stock in the New Haven road, 36 per cent is held in Massachusetts, and the stockholders in Massachusetts constitute 48 per cent of the total. Connecticut holds 19 per cent of the shares. New York 32 per cent, and Rhode Island 3 per cent. Of the remaining 10 per cent, many shares are held by residents of New Hampshire, Vermont, and Maine. Of Boston & Maine stock, 88 per cent is held in Massachusetts by 66 per cent of the stock-holders, and only 3 per cent of the shares are
