Private Financing.
—A few persons of wealth have built roads as a benefaction to the public. Perhaps one of the most ambitious projects of this sort is the DuPont Road, which is located through the state of Delaware from north to south. The intention of the DuPont family is to make this road eventually one of the finest in the world. It has been very carefully laid out and constructed. Later it is to be widened and beautified. Some $3,000,000 have already been expended, and it is contemplated to spend $1,500,000 more. It might be well if more men of wealth would commemorate their names by constructing and endowing roads.
In spaces about wharfs and depots, although on privately owned ground and privately constructed, the pavement is often used generally as a highway. Such places are of course primarily for the convenience of the steamship or railway companies and they are maintained at their own expense. However, all such expense forms a part of the cost of operation and no doubt is charged to the patrons in the overhead, or it is intended to be a means of advertising in the hope that it will increase business.
In timbered and rough mountainous countries, roads have frequently been built and maintained by the companies interested in lumbering, mining, or other enterprises therein, and thrown open to the general use of the public. Here the companies figure that the benefit to be derived by them more than balances the expense. Furthermore, the use of them by the public, while a minor consideration as far as the road itself is concerned, is a means of maintaining a friendly feeling with the inhabitants.
Turnpike or toll roads, as has already been pointed out, were very extensively built in the days preceding the advent of the steam railway. These were built with money raised by the ordinary methods for financing industrial enterprises. A good many thousands of miles of such roads were chartered and constructed by private capital amounting to millions of dollars before the steel tracks put them out of business. Only a few now remain in Pennsylvania and Virginia with now and then scattered short stretches of roadway, and bridges over larger streams elsewhere, and ere long they, too, will be taken over by the states and become a part of the great public highway. As late as 1915 a private toll road in Tuolumne County, California, operated by a mining company was purchased by the state and nation, a portion of it being within the Yosemite National Park, and made a part of the California state system. The people will never be content to go back to the inconvenience of being stopped by a turnpike every 4 or 5 miles to pay a toll amounting in many cases from 1 to 2 cents per ton-mile, when the same amount of money in the form of licenses and taxes will keep up magnificent systems of public “free” highways.