People's Pilot, Volume 5, Number 39, Rensselaer, Jasper County, 2 April 1896 — GOVERNMENT OWNERSHIP. [ARTICLE]

GOVERNMENT OWNERSHIP.

Pruaala Gets 551,000,000 Revenue from Its Kailroads. Washington, D. C., Special: A strong argument for government ownership of railways is contained in a report to the State Department by United States Commercial Agent Moore at Weimar upon the Prussian railroad system. He shows that last year the gross receipts from these railways was-$244,467,174, or more than half of the entire revenues of the state. The net earnings after deducting $53,240,600 interest on working capital and sinking fund were $51,051,000, which will be turned into the treasury for the use of the state. This sum is larger than the income derived from taxes of all kinds.