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Excerpt from The Provincial Railway of New Brunswick: Why Should It Not Pay? But since the commencement of the work, the provincial public, 'who are the proprietors, have been required, as already stated, to pay interest to the accumulated amount of about making this addition to the investment. The bare interest of this large additional sum at 6 per cent. Greatly exceeds the gross annual appropriation of recent years to sustain the great roads and bridges of the whole prov ince. There can be no justice in requiring or expecting the sacrifice of this daily augmenting contribution to the cost of the railway. It is as rightfully and fairly entitled to interest as any other portion of the cost however secured. To the amount of as the required revenue before stated, we have therefore to add as the inter est of the augmented cost, making a total required gross revenue equal to In order to produce this, the mean rates of fare and fare heretofore realised should be multiplied by This would make the former equal to 6 871 - 1000 cents per passenger per mile, and the latter 11 18 - 100 cents per ten per mile. These would be the mean rates of fare and freight from which should be derived a gross revenue sufficient to pay working expenses and interest at 6 per cent. Upon the whole augmented cost, provided the m mber and mileage of passengers and of tons of freight should respectively be equal to the average of the years 1861, '2, '3, and 4. Should the gross revenue fall short of the required amount, then, as before affirmed, the fairest and most obvious resource, in order to sup ply the deficiency, would be an equitable assessment according to value, of all real property within a certain limit of contiguity to the line of railway. About the Publisher Forgotten Books publishes hundreds of thousands of rare and classic books. Find more at www.forgottenbooks.com This book is a reproduction of an important historical work. Forgotten Books uses state-of-the-art technol