Business & Finance: Rail Expenditure

During 1924, the railroads of the U. S. gave a successful illustration of the art—now popular in government and business alike—of economy and reducing expenditures. The full bill of the roads last year, amounting to $471,656,000, represented a 24% reduction from costs in 1923; expenditures for bituminous at $373,483,000 were down 28% and those for anthracite were similarly cut 20% to $14,497,000. This reduction in fuel costs was made possible by low coal prices, greater conservation in the use of fuel and a drop of 6% in the volume of freight moved during...

Want the full story?

Subscribe Now


Get TIME the way you want it

  • One Week Digital Pass — $4.99
  • Monthly Pay-As-You-Go DIGITAL ACCESS$2.99
  • One Year ALL ACCESSJust $30!   Best Deal!
    Print Magazine + Digital Edition + Subscriber-only Content on

Learn more about the benefits of being a TIME subscriber

If you are already a subscriber sign up — registration is free!