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Errors Of Estimates

Errors Of Estimates image
Parent Issue
Day
14
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 rlver, estimateil at $4,500.000, cost $16,003,000. 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 ehip 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 Pa;iama canal uearly swamped that enterprise before Wholesale stealing onmpleted the ruin. The Langson railroad, in Tonquin. whieh was to open a conquered prnvince foran exppi.diture of $500,000, bier: the Frenen treasury to the tune of $4,307,790. Engineers spent a yoar collecting data for their report on the Congo railroad, which they asserted could be ouilt for $5,000,000. They now say that the total cost will be from $12,000,000 to $15,000,000. The international commission reporid 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 araounting to $20,000,000 more.

Article

Subjects
Old News
Ann Arbor Register