Taxpayers or Investors: Who Paid for the Land-Grant Railroads?*

Lloyd J. Mercer

Business History Review, 1972, vol. 46, issue 3, 279-294

Abstract: Professor Mercer examines the subsidies to seven major land-grant railroads in the United States and Canada and finds that such subsidies made very substantial contributions toward paying for the investment in those railroads.

Date: 1972
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