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Errors Of Estimates

Errors Of Estimates image
Parent Issue
Day
7
Month
January
Year
1897
Copyright
Public Domain
OCR Text

The Corinth canal cost $12,000,000 in stead of the estimated $6,000,000. The forts on the Meuse river, estimacert at $4,500.000, cost $16,000,000. A harbor and a railroad on the island of ReuniĆ³n cost $13,500,000 instead of $6,800,000. The Senegal railroad, which was to be completed for $2,600,000 absorbed $9,000,000. The estimated cost of the Manchester ship canal was $28,750,000. Nearly $80,000,000 was spent before the canal was 'eady for business. The egregious underestimate of cost of the Panama canal nearly swamped that enterprlse before wholesale stealing completed the ruin. The Langson raifroad, in Tonquin, whieh was to open a conquered province for an expenditure of $500,000, Wei the French treasury to the tune of $4 - 367,790. Engineers spent a var collecting data for their report on the Congo railroad, which they asserted could be built for $5,000,000. They now say that the total cost will be froni $12,000 000 to $15,000,000. The international commission reportsd.in 1856 that the cost of digging the Suez canal would certainly not exceed $40,000,000. It has cost $94,500,000, to say nothing of Egypt s gratuitous work awMimting to $20,000,000 more. i (

Article

Subjects
Old News
Ann Arbor Register