America's insular possessions (Part 2 of 2)

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THE TRANSPORTATION PROBLEM.

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Malabon, in the province of Rizal, a distance of 4.35 miles. The other running from Manila to Dagupan, in the province of Pangasinan, a distance of 121.79 miles, is under the control of the Manila and Dagupan Railway Company, Limited. The former is confined exclusively to passenger traffic. During the year 1902 it carried 562,089 passengers, and its income was $53,965 Mexican. * The cost of operation was $33,034 :wrex., leaving a gross profit of $20,931 Mex. The value of the entire property, including land, roadbed, rolling stock, and buildings is $115,800 Mex., indicating a very low grade of construction and equipment. The Dagupan-llanila Railway was opened in 1894, and although it has suffered losses from destruction of property during the subsequent disturbances, it is a prOInising enterprise with a growing traffic. The gross income of the company during 1902 was $1,238,235, and the gross expenditures $864,532, leaving a gross profit of $373,703 on a capitalization of $12,300,000. During the same year, 1,104,372 passengers were carried over an aggregate of 23,501,024 miles, affording a gross revenue of $683,206; a total of 165,760 tons of freight was carried an aggregate distance of 9,706,855 miles, and from this traffic was derived a gross revenue of $397,699. The business of the road has increased considerably since American occupation. *Tbe exchange yalue of the Mexican dollar is fifty cents United States currency.


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America's insular possessions (Part 2 of 2) by Filipiniana Online - Issuu