Economy
- 1911: There were 165 loan societies, 117 savings banks, forty three professional savings and loan societies, and eight Zemstvo loan offices; all these had total assets of about 10,000,000 rubles. There were also eighty nine government savings banks, with deposits of about 9,000,000 rubles.
- 1918: There was only 657 miles (1,057 km) of railway; the main lines converged on Russia and were broad gauge. Rolling stock and right of way were in bad shape. There were about 400 locomotives, with only about one hundred fit for use. There were 290 passenger coaches and thirty three more out for repair. Finally, out of 4530 freight cars and 187 tank cars, only 1389 and 103 were usable. The Romanians reduced the gauge to a standard 56.5 inches (1.44 m), so that cars could be run to the rest of Europe. Also, there were only a few inefficient boat bridges. Romanian highway engineers decided to build ten bridges: Cuzlău, Ţuţora, Lipcani, Şerpeniţa, Ştefăneşti-Brănişte, Cahul-Oancea, Bădărăi-Moara Domnească, Sărata, Bumbala-Leova, Badragi and Fălciu (Fălciu is a locality in Romania. Its correspondent in Bessarabia is Cantemir.) Of these, only four were ever finished: Cuzlău, Fălciu, Lipcani and Sărata.
Read more about this topic: Bessarabia
Famous quotes containing the word economy:
“The counting-room maxims liberally expounded are laws of the Universe. The merchant’s economy is a coarse symbol of the soul’s economy. It is, to spend for power, and not for pleasure.”
—Ralph Waldo Emerson (1803–1882)
“Cities need old buildings so badly it is probably impossible for vigorous streets and districts to grow without them.... for really new ideas of any kind—no matter how ultimately profitable or otherwise successful some of them might prove to be—there is no leeway for such chancy trial, error and experimentation in the high-overhead economy of new construction. Old ideas can sometimes use new buildings. New ideas must use old buildings.”
—Jane Jacobs (b. 1916)
“I favor the policy of economy, not because I wish to save money, but because I wish to save people. The men and women of this country who toil are the ones who bear the cost of the Government. Every dollar that we carelessly waste means that their life will be so much the more meager. Every dollar that we prudently save means that their life will be so much the more abundant. Economy is idealism in its most practical terms.”
—Calvin Coolidge (1872–1933)