470 



THE CENTURY BOOK OF FACTS. 



RAILROAD TRAFFIC OF THE WORLD. 



This table of statistics of the railroads of the world is by Mulhall, and represents the business of the year 1897. 



Railroad Mileage by Countries. 



The following statement by Archiv fur Eisenbahnwesen represents .the world's railway mileage at the 

 beginning of 1899. 



Countries. Miles. 



All of Germany 30,777 



Austro - Hungary (including 



Bosnia, etc.) 21,805 



Great Britain and Ireland 21,529 



France 25,898 



Russia (including Finland) 26,414 



Italy... 9,759 



Belgium 3,781 



Netherlands (including Lux- 

 embourg) 1,965 



Switzerland 2,303 



Spain 8,103 



Portugal 1,467 



Denmark 1,618 



Norway 1,230 



Sweden 6,359 



Servia 354 



Rnu 111:1 ilia 1,895 



Greece 591 



European Turkey, Bulgaria, 



and Roumelia 1,595 



Malta, Jersey, Man 68 



Total Europe 167,510 



United States 186,245 



British North America 16,867 



Newfoundland 592 



Mexico 8,498 



Countries. 

 Central America. 



Miles. 

 646 



Total, North America .212,848 



United States of Colombia .... 346 



Cuba 1,133 



Venezuela 633 



San Domingo 177 



Brazil 8,718 



Argentina 9,822 



Paraguay 157 



Uruguay 1,118 



Chile 2,662 



Peru 1,035 



Bolivia 621 



Ecuador 186 



British Guiana 22 



Jamaica, Barbadoes,Trinidad, 

 Martinique, 1'orto Rico, Sal- 

 vador 618 



Total, S.America&W.Indies 27,188 



British India 21,973 



Ceylon 297 



Asia Minor and Syria 1 ,588 



Russia (Transcaspian District) 1 ,568 



Siberia 2,573 



Persia 34 



Dutch India 1,293 



Countries. Mili-s. 



Japan 2,948 



Portuguese India 51 



Malay Archipelago 188 



China 401 



Siam 167 



Cochin China, Pondicherry, 



Malacca, and Tonquin 238 



Total, Asia 



Egypt 2,085 



Algiers and Tuni - 2,704 



Cape Colony 2,384 



Natal 459 



South African Republic 771 



Orange Free State 832 



Mauritius, Reunion, Congo, 



Senegal and other States 2,011 



Total, Africa 7.1 1,214 



Australasia 14,490 



RECAPITULATION. 



Europe 167,510 



North America 212.848 



South America 27,188 



Asia 33,289 



Africa 11,214 



Australasia 14,490 



Total .466. .539 



INSURANCE. 



A Stock Insurance Company is one whose cap- 

 ital is owned by stockholders, they alone shar- 

 ing the profits, and they alone being liable for 

 losses. The business of such a company, and also 

 of a mixed company, is managed by directors 

 chosen by the stockholders. Policy holders, un- 

 less at the same time stockholders, have no 

 voice in the management of the company's 

 business or in the election of its officers. 



A Mutual Insurance Company is one in which 

 the profits and losses are shared among the 

 policy holders (the insured). 



Mixed Companies are a combination of the 

 foregoing. In a mixed company all profits 

 above a certain fixed dividend are usually di- 

 vided among the policy holders. 



Some mutual and mixed companies issue 

 what are called non-participating policies. The 

 holders of these do not share in the profits or 

 losses. 



Ftre Insurance, Policies for fire insur- 



ance are generally issued for periods of one 

 to five years. Ordinarily, in case of loss by 

 fire, the insured will be paid the extent of his 

 loss up to the amount of insurance, unless the 

 insurance company prefer to replace or repair 

 the damaged property, which privilege is usu- 

 ally reserved. If the policy contains the ' ' aver- 

 age clause " the payment will cover only such 

 ' portion of the loss as the amount of insurance 

 1 bears to the value of the property insured. 



A Floating Policy is one which covers prop- 

 erty stored in several buildings or places. The 

 name is applied more particularly to policies 

 which cover goods whose location may be 

 changed in process of manufacture, or in the 

 ordinary course of business. The ' ' average 

 clause " is a usual condition of policies of this 

 class. 



Short Rates are rates for a term less than a 

 year. If an insurance policy is terminated at 

 the request of the policy holder, the company 

 retains the customary short rates " for the 



