At the end of the 4th year 354

At the end of the 5th year 373

At the end of the 6th year 397

At the end of the 7th year 417

At the end of the 8th year 446

At the end of the 9th year 472

At the end of the 10th year 500

which, at six per cent., gives, at the end of the tenth year, $500 each.

Note.—Reproduction of rolling stock has been proved to be nothing more than repairs, as a locomotive may be fitted with one and another new part until none of the original machine remains. See Lardner’s Railroad Economy.

As the business upon a railroad increases, so does the amount of station accommodation necessary, and also of rolling stock, which increase should be debited to capital, and not to revenue.