LOCOMOTION BY EIVER AND KAILWAY. 



Milas. 



Total length of tlie above railways in the State of New York 490 

 ,, ,, States of New England 070 



Total 11GO 



& 

 Average cost of construction and stock per mile in the 



State of New York 7,010 



,, ,, ,, States of New Engknd 10,800 



General average . . . 9,200 



Receipts. Expenses. Profits. 

 Total average receipts, expenses, and profits 



per day in the State of New York . 1654 684 970 



' States of New England 3040 1505 1535 



Totals .... 4G94 2189 2505 



Per Mile of Per Mile run Per Cent, per 



Railway per day. by Trains. Annum on Capital. 



Receipts . . . 4'05 75 161 



Expenses . . . . l'S9 3 5^ 7 '5 



Profits . . 2-16 ^ 2 114 8-6 



Expense per cent, of receipts . . .46*8 



Average receipts per passenger hooked . . 27'0c?. 



Average distance travelled per passenger . . . 18 "2 miles. 



Average receipts per passenger per mile . . l'47d. 



Average number of passengers per train . . . 54'0 



Total average receipts per passenger train per mile 7s. 



Average receipts per ton of goods booked . . 5s. 8|c?. 



Average distance carried per ton . . . . 38 '0 miles. 



Average receipts per ton per mile . . . . 1 '8d. 



Average number of tons per train . . . 5 4 '5 



Total average receipts per goods train per mile . 8'2s. 



The railways, of the traffic of which I have here given a 

 synopsis, include the most active and profitable enterprises of this 

 kind in the United States. "We cannot, therefore, infer from the 

 results ohtained the corresponding movement on the remaining 

 lines. It appears that of the entire system of American railways, 

 the dividends, exclusive of those contained in the preceding 

 analysis, are in general small, and in many instances nothing. 

 It is therefore probable that, in the aggregate, the average profits 

 on the total amount of capital invested in the railways do not 

 exceed, if they equal, the average profits obtained on the capital 

 invested in English railways. 



16. Although Cuba is not yet annexed to the United States, its 

 local proximity here suggests some notice of a line of railway 

 which traverses that island, forming a communication between the 

 62 



