File:Chiques Rock 1878.jpg

Identifier: industrialhistor00boll (find matches)
Title: Industrial history of the United States, from the earliest settlements to the present time: being a complete survey of American industries, embracing agriculture and horticulture; including the cultivation of cotton, tobacco, wheat; the raising of horses, neat-cattle, etc.; all the important manufactures, shipping and fisheries, railroads, mines and mining, and oil; also a history of the coal-miners and the Molly Maguires; banks, insurance, and commerce; trade-unions, strikes, and eight-hour movement; together with a description of Canadian industries
Year: 1878 (1870s)
Authors: Bolles, Albert Sidney, 1846-1939
Subjects: Industries Industries
Publisher: Norwich, Conn. : The Henry Bill pub. Company
Contributing Library: Harold B. Lee Library
Digitizing Sponsor: Brigham Young University

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OF THE UNITED STATES. 639 Thus, in the space of fifty years, there has been expended in this new andwild country the enormous sum of $4,087,253,225 in building railroads be-tween the different parts of our domain. That so young a country, without
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wealth, without capital, a region inhabited almost exclusively at first by farmersand planters, should have displayed such remarkable resources of cost ofcapital, will not appear wonderful, however, when it is explained railroads-how the capital was obtained. In the early days of railroading it was felt that 640 INDUSTRIAL HISTORY enterprises of such magnitude as were then proposed could only be carriedHow money on by the aid of the people ; and accordingly public meetingswas raised. Were held in the cities and villages through which the roads wereto run, and the best speakers of the day were engaged to awaken the interestof all substantial citizens in the public and private advantages of the roads.Subscriptions to the stock of the companies took the form, therefore, of apopular movement; and it was the characteristic of the early railroad-com-panies, that a vast number of small sums saved by industry and frugality wereinvested in them. The State legislatures aided many of them, as we

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