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Updated: May 13, 2025
If the charge be anything under L.5000 per mile, there is a certainty of its doing well, even if the line be carried through a poorly-populated district; and up to L.20,000 per mile is allowable in great trunk-thoroughfares; but when the outlay reaches L.50,000 or L.100,000 per mile, as it has done in some instances, scarcely any amount of traffic will be remunerative.
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