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Newspaper
Winchester Evening Star
Location
Winchester, Virginia, United States of America
Date
Jun 16, 1923
Page
7
The Railway Age counters critics who cite 13 billion as the railways’ actual investment. It notes IC C accounting since 1907 shows over 8 billion invested after 1907 through 1921, implying pre-1907 investment was under 5 billion and highlighting long, heavy construction in the prior eighty years.
The article argues that radical figures for 1907 railways imply far lower costs per mile than international benchmarks. It contrasts 1907 U S line and track figures with global government rail costs, contending the radicals' analysis underestimates expenses by substantial multiples and is untenable.
Eight bearded captives including four Americans were released after six and a half weeks of negotiations. Rey Anderson, acting as peacemaker, led the final session with bandit chiefs and Chinese officials in Tsiliho. The prisoners, guarded by outlaws, traveled toward Shanghai on a special train after greeting relatives at the Tung Tsing mines.
Walter Hagen, American, failed in his bid to win the British Open for a second time. His defeat returns the championship trophy to British hands after two years in American possession, as fellow Americans George Kirkwood and McDonald Smith finished at 298 and 297 respectively.
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