Railroad Operations: How to Know Them; From a Study of the Accounts and Statistics (Classic Reprint) - Tapa blanda

Sinopsis

Excerpt from Railroad Operations: How to Know Them; From a Study of the Accounts and Statistics

Mr. William Mahl, comptroller Of the Southern Pacific system, has tritely described statistics as the method of disciplining a property. This applies with equal force whether from the standpoint of the man ager, the investor, or the public.

In this contribution to the general subject, the effort has been to work out some of the principles on which railway statistics rest, show how they should be used for practical results, and point out fallacies to be avoided. Exact figures, because of the special condi tion which are necessary to explain them, have been carefully avoided.

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