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Then instantly he had drawn the little circle of experts into a discussion upon technical questions of railway-building and finance, which made demands upon all their resources and knowledge. In that conference he gave especial attention to the snub-souled financier who had sneered at his love of Nature.

Rohrbach, the German specialist on the Near East, forecasts the profits of the Bagdad Railway from the results of Russian railway-building in Central Asia.

Would it not have been wiser to have kept him to his railway-building than to have let him fall, as he fell, to the bullet of a sniper?... Already people were asking such questions as these. If he were to go out, and were to be killed, would they not say, "This man had gifts that marked him out from other men. We ought not to have wasted him!" Well, why should he be wasted? He was not afraid.

Ford Foster was the only one of those six boys who had ever seen the great railway-building, and he confessed that it looked a little large, even to him. Frank Harley freely declared that he had seen nothing like it in India; and Dick Lee's eyes showed all the white they had to show, before he had seen the whole of it.

Written as it was in 1911, this is a remarkable anticipation of Turkish strategic railway-building since the outbreak of war; but it is infinitely remote in purpose from the economic regeneration of Western Asia, and even when the German publicists reckon in economic values they generally betray their political design. "The special point for Germany," Dr.

And so, to-day, he who looks through Russia for Nicholas's works finds a number of great things he has done, but each is single, insulated, not preceded logically, not followed effectively. Take, as an example of this, his railway-building. His own pride and Russian interest demanded railways.

The great thing was to connect the Atlantic and the Pacific by steel, to bind up the territorially perfected and newly solidified Union, or to enter upon some vast project of mining, of which gold and silver were the most important. Actually railway-building was the most significant of all, and railroad stocks were far and away the most valuable and important on every exchange in America.

The officer in charge could not give out the rifles, so the men lit fires, got food from the neighbours, and camped around the depôt until they were armed. Some navvies received their mobilisation orders on returning to their camp after ten hours' work at railway-building. They had supper and marched through the night to their respective headquarters.

Competition and over-production led naturally to a fall in prices, and at the same time the demand decreased, because the railway-building activity of the Government slackened. Alarmed at this state of things, the banks which had helped to start and foster the huge and costly enterprises contracted their credits. By the end of 1899 the disenchantment was general and widespread.

Coming to more recent times, we find that the modern Russian factory system likewise owes its origin to governmental initiative, namely, to the government's railway-building policy. The government built the railways for strategic and fiscal reasons but incidentally created a unified internal market which made mass-production of articles of common consumption profitable for the first time.