AGRICULTURE, BANKING, AND CARRIER
| 1911 | 1907 | |
| Cost of road and equipment * | $14,984,796,837 | $12,940,379,220 |
| Revenues | 2,852,854.721 | 2,570,795,058 |
| Expenses | 2,005,528,462 | 1,737,698,201 |
| Balance | 847,326,259 | 833,096,857 |
| Taxes | 102,657,157 | 79,640,013 |
| Operating income | 744,669,102 | 753,456,844 |
| Increased cost of road compared with 1907 | 2,044,417,617 | |
| Decrease in income | 8,787,742 | |
| * Cost, taken from balance sheets, is far less than present real value. | ||
In other words, with $2,000,000,000 new capital put into the business there was nearly $9,000,000 less return. How long will people go on putting money into a business that makes no return on the new capital required?
In 1900 the value of farm property in the States of the American Northwest was $1,843,409,554, and in 1910 it was $5,436,255,070, an increase of 194.9 per cent.
| 1900 | 1910 | |
| Minnesota | $788,684,642 | $1,476,411,737 |
| North Dakota | 974,814,205 | 255,266,751 |
| South Dakota | 297,525,302 | 1,166,096,980 |
| Montana | 117,859,823 | 347,828,770 |
| Idaho | 67,271,202 | 305,317,185 |
| Washington | 144,040,547 | 637,543,411 |
| Oregon | 172,761,287 | 528,243,782 |
| $1,843,409,554 | $5,436,256,070 |
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