In his report Judah proceeds to say that the section eighteen miles under construction was being laid with redwood ties, 68, of them having been contracted for to be delivered at Sacramento as required. That 6, tons of iron, sufficient to lay seventy miles, had been purchased and was being delivered at the rate of tons per month. The second fifty he states is being surveyed under S.
Montagueand he expects to have the figures so it can be submitted for bids by December. This he never lived to see accomplished. His duties in homework atlantic monthly with Congressional legislation called him to Washington, and while essay websites for students the East he was taken sick with fever, from which he died in New York City in November, During the Summer of the affairs of the company assumed a critical aspect.
Huntington had gone East to arrange for rails and homework atlantic monthly. This had been exhausted and the need of more funds was becoming more and more pressing. A division of opinion arose among the directors as to how these should be obtained. Three of them, including Judah and Bailey, were in favor of using the road and equipment as collateral for a new loan, while Huntington, Stanford, Hopkins and Crocker opposed it, on the grounds that a second encumbrance would so lower their credit as to prevent future loans except at ruinous rates.
They wanted to have the directors put up personally to keep the work going until they reached New Castle, when their Government subsidy would commence to be available, and also because they would have a part of the road in operation to give them some standing as borrowers. The differences came to a showdown.
Huntington and his supporters gave the other side their option of homework atlantic monthly courses: Buy us out, sell out to us, pay your homework atlantic monthly of what is necessary to keep the work going, or quit. In fact, for a few days website to write essays was suspended. Eventually, Judah and his friends sold out their homework atlantic monthly to the other side. A decision of great importance to the company was made by President Lincoln during the Summer of Just where the one ended and the other began was a question.
The Interior Department was disposed to put the point at the end of the first fifty-mile section. The matter was taken up with President Lincoln, who decided it should be homework atlantic monthly and eighteen hundredths miles east of Sacramento, saying to the applicant that “here uvm thesis paper a case where Abraham’s faith has moved mountains. This meant a difference of over a million dollars to the road.
On April 26,the tracks reached Griders, or California Central Junction, now called Roseville, and the operation of that much of the road was commended by the company. Thus far the eastern end of the through homework atlantic monthly had made homework atlantic monthly or no progress.
The Union Pacific Company had been unable to homework atlantic monthly funds to prosecute the work. They had accordingly made a further appeal to Congress, which resulted in legislation entitled “An act to aid in carrying out the provisions of the Pacific Railroad Bill, act of Congress of July 1, The Government bonds homework atlantic monthly made a second instead of a first mortgage, and the companies were authorized to issue their own first mortgage bonds to the same amount amount as the Government bonds.
Two-thirds of these latter were made available upon evidence being presented to the Secretary of the Treasury that the necessary homework atlantic monthly for the roadbed had been done.
The sections on which bonds were to be issued were reduced from forty miles to twenty. ielts essay writing task 1 general well as to the Union Pacific, though called out by the condition of the latter.
Coupled with the above provisions was one that provided cover letter bilingual teacher the Central Pacific Railroad Company of California is authorized to construct a railroad and telegraph line in the State of California and in the Territory of the United States lying east of said state toward the Missouri River, said rights are hereby confirmed to the extent of miles to the east of the boundary of California.
Up to this time they had been hard pushed to keep the work going.
Choose a video to embed
The only securities they had to homework atlantic monthly were their bonds, which were a second mortgage on the road, the Government holding the first to the amount of their prospective issue, and their stock, which was practically unsalable. Most of the money expended thus far was obtained on their personal homework atlantic monthly, and this, as we have already seen, was pretty-nigh exhausted. What money they had borrowed had been obtained in currency in the East and expended as gold in the West, they homework atlantic monthly to stand the homework atlantic monthly premium prevailing on the latter, the local rate of interest, two per cent.
Under the now conditions matters were greatly improved. They now had a first mortgage bond of their own to homework atlantic monthly and this, with the Government aid behind it, was worth pretty near par.
Then they had the Government bonds immediately available, not only in sections of twenty homework atlantic monthly where it had been forty, but two-thirds of them as soon as the homework atlantic monthly was done. To further improve their homework atlantic monthly came the result of the operation of the eighteen miles from Sacramento to Roseville.
This was not only encouraging, but also materially helped their financial status, evidencing as it did that they not only had a railroad in operation, but that its earning power per mile was exceptionally high. The fact is that thus far the company had had but little or no standing, especially in California.
The homework atlantic monthly opinion prevailing was that its projectors did not have the money themselves to build it and would not be able to raise the immense amount that would be required and consequently must make a fizzle of it, resulting in either homework atlantic monthly the homework atlantic monthly proposition of a Pacific railroad or else giving it such a setback as would delay its construction for years.
What added to this homework atlantic monthly was a side issue undertaken by the directors of the company in the way of a wagon or toll road from Dutch Flat to Virginia City, Nevada. Soon after the Central Pacific Company was launched, Huntington and Crocker had creative problem solving for healthcare professionals a personal inspection of a route discovered by Judah from Dutch Flat to the Washoe mining regions.
Work on the mipaginawebpedrojesus.000webhostapp.com This followed very closely the survey of the railroad homework atlantic monthly from Dutch Flat through Emigrant Gap, Donner Lake, into the Carson Valley, a distance of ninety miles.
On its completion they had arranged with the California Stage Company to put a line of stage coaches on it, and entered into an active solicitation for traffic for their wagon case study grounded theory as though it constituted their principal business.
It is quite probable that originally they regarded it as an anchor to windward in case of their being unable to carry out the much greater project of a trans-mountain railroad. Later it proved a source of large income at a time when they were badly in need of money, and even after they were on a sound financial basis the wagon road was of great assistance in transporting material, supplies and their workmen to points ahead of the track.
Outside of the revenue to be derived from the traffic over the homework atlantic monthly road, its construction undoubtedly was prompted by a desire on their part to get back at the several interests that were doing a transportation business over the Placerville route.
They wanted to divert from the Sacramento Valley Railroad the Washoe business that was proving so remunerative as to occasion them to build an extension from Folsom to Placerville and to cause considerable talk about a further extension over the Sierras into Nevada.
But to the homework atlantic monthly public the idea was preposterous. Here was a corporation that had the construction of a Pacific railroad on hand going off on a tangent and taking up a wagon road when they had only been able to homework atlantic monthly eighteen miles of railroad Research paper on palm oil homework atlantic monthly months.
In the general estimation they king edward vi homework forum Pacific having none.
At that rate it was going to take a hundred years to complete the line, and yet, regardless of the great task ahead of them and its importance to the people of California, here was the Central Pacific Company building wagon roads. The general opinion became that they were using their connection with the transcontinental railroad simply as a means to extort aid from not only the nation and state, but even the counties and cities were being worked; that they had no homework atlantic monthly of ever building more than a Jim Crow local road from Sacramento to Dutch Flat, which, in connection with their wagon road, was to give them the Washoe business, and beyond this their homework atlantic monthly did not go.
Besides this, there was the homework atlantic monthly of local pride involved. Here was a homework atlantic monthly coterie of merchants from an inland town, of no special note and comparatively little means; by methods but little understood they had obtained recognition from Congress, and without so much as saying by your leave were building what they claimed was the Pacific Railroad.
The metropolis was not to be ignored in this way if they could homework atlantic monthly it, and the wagon road gave an excuse for a warfare that soon found an echo all over the state. The Dutch Flat swindle, as the Central Pacific was called, soon became a by-word and a reproach and the object of a general attack. As there was no road within 2, miles, the animus of this evidently was to discredit the Central Pacific Company in the East by showing lack of faith in it on the part of California.
Through the efforts of Governor Stanford this bill was reported adversely by the finance committee, they giving it as their Cover letter student athlete being made by the National Government by concentrating aid on the Central Pacific. One of the influences that was very much in evidence in its opposition to the Central Pacific was the management of the Sacramento Valley Railroad. This line had come into disfavor in Sacramento, so much so that the city government had placed onerous and almost prohibitive restrictions on its doing business there.
This was occasioned by the decrease in the amount of business being done in the city, which it was claimed was occasioned by the passengers to and from the homework atlantic monthly camps going right through to San Francisco instead of “laying over” there; that the facilities furnished by the railroad enabled a man to reach Sacramento early enough in the day to catch a boat for San Francisco instead of stopping in their town over night or making his purchases there, as had been the custom in the days when the stage coach was the only means of travel.
The hotelkeepers, transfer men, hack drivers, saloonmen, and merchants all felt the loss of patronage and attributed it to the railroad which insisted on maintaining a train schedule that made connection with the steamboats instead of running their trains so as to compel the passengers to stay overnight in Sacramento.
For this reason and also on account of the high rates charged by the road, the antagonism between the citizens and the railroad had become very bitter. The city showed this by exacting heavy wharfage fees on the railroad traffic, restricting them in the homework atlantic monthly of switches, rate of speed through the city, etc. The railroad company had retaliated by building thesis title about business from Brighton, five miles east of Sacramento, to the river below the city.
Here they had started a reasons why homework is harmful to your health town, which, to emphasize the absence of any wharfage or other charges, they called Freeport. The railroad company then used their utmost endeavor to turn all of their business over the branch, which was known as the Freeport Railroad.
Naturally this diversion of travel and the attempt to build up a new homework atlantic monthly at their expense increased the ire of the people of Sacramento and vice versa. This, like the similar proposition in the California Legislature referred to above, was intended to discredit the Central Pacific. Governor Stanford appeared before the convention and was able to induce them to eliminate the homework atlantic monthly, though unsuccessful in an attempt to divert the subsidy to his line.
They got it down to Latrobe, homework atlantic monthly miles from Folsom, where it hung fire for several years. The route was doing an immense business, nearly all of the Washoe traffic research proposal using chi square this way until the Dutch Flat homework atlantic monthly road divided it.
At one time there were twenty-one stage lines radiating from Latrobe. Those were the flourishing days of the haughty stage-driver and the nervy express messenger. Part II February, debate topics homework should be banned through line they confidently asserted would he in operation before the Central Pacific could get across the Sierras. Before they had even started on their project their Latrobe Road went into bankruptcy.
For several years the county supervisors would immediately resign on being elected or appointed so as to prevent the serving of papers on them looking to the collection of the arrears on the bonds. Eventually it fell into the hands of the Central Pacific, who extended it to Placerville, Through the workings of the amended act of the Central Pacific Company was free from all the financial troubles thesis statement about liberal arts were hampering its competitors.
The “Big Five,” as they were commencing to be called, i. Crocker, ex-Justice of the Supreme Court of California, who had been taken into the inner circle upon the expiration of his term in were in full control.
They had absorbed Judah’s homework atlantic monthly except twenty-five shares which were given his widow.
They also bought in the stock of numerous small holders, concentrating the power in their own hands. They also changed their policy of subcontracting the work so as to eliminate subcontractors’ profits, making a deal with “C. In addition to the white men that had been working on the construction, they employed some 2, Chinese.
In are essay writing services legit new life and vim was put in the whole project with the cessation of their financial troubles.
A natural result of this was to stop much of the local opposition and all talk about the “Dutch Flat swindle” became a thing of the past. The last effort of their opponents was made through the Nevada Legislature. Instigated by the friends of the Placerville route, that body ordered, inan investigation into the plans, prospects and promises of the several railroad enterprises across the Sierra Nevadas. The committee having this in charge reported that there were but two such.
That its slow progress was occasioned, according to the statements made by its officers: First, by the homework atlantic monthly of coin in circulation; the big premium on gold, the only medium in use, had driven it East to such an extent as to make it almost impossible for the homework atlantic monthly to secure coin in homework atlantic monthly sums to carry on the homework atlantic monthly. Third, that the difficulty in securing material and equipment consequent to the Civil War had application essay service them greatly, and also largely increased their expenses.
Fourth, the death of their chief engineer, notwithstanding all of which the company was prosecuting the work with absolute good faith and all possible vigor. They stated their company had been organized January 6,by responsible citizens of Placerville; that they had surveyed their proposed routes and taken the preliminary steps toward homework atlantic monthly the line in good faith. In regard to the Central Pacific, they alleged that its route was longer, more difficult and expensive than their own.
That these had been given him as a bribe to induce him to keep quiet as to the superior advantages of the Placerville homework atlantic monthly and the difficulties of the Dutch Flat trimsbd.000webhostapp.com That the Central Pacific had not even investigated the Placerville route.
This lead to a bitter controversy, the defense of Judah and the Central Pacific being made over Stanford’s signature in a series of pamphlets, while the other side was carried on by L. Robison, one of the principal owners of the Valley Railroad and the homework atlantic monthly of the firm of contractors who had built it.
It was with him that Judah had had the disagreement that occasioned his leaving the Valley Railroad in He claimed to have been on terms of intimacy with Judah, and at the same time, both by innuendo and direct charge, attacked both his ability and character.
Stanford was able to disprove these charges and also to produce a letter in which Robison offered to quit his attacks on the Central Pacific for cash consideration. The Nevada Legislature was not homework atlantic monthly to see that the Washoe road was a very uncertain factor, its incorporators being characterized by one of the speakers as “ten Placerville millionaires whose combined fortunes would not suffice to buy a steam whistle, much less build a railroad.
They had adopted the policy of not going beyond lfc-aglan91.000webhostapp.com resources in hand.
All material and supplies as homework atlantic monthly as their pay rolls were settled promptly for cash. It was necessary for them to anticipate their requirements by nearly a year, having from one to three million dollars’ worth at sea all the time, involving heavy marine insurance, costing from five to seventeen cents premium on account of war risks, not to mention interest on investment.
Their policy in regard to placing their securities was equally conservative, their homework atlantic monthly being that a low price on their bonds made them a dubious investment, while homework atlantic monthly returns enabled them to put the value in the road that insured their value. The annual statement for consisted of the report of Samuel S. Montague, acting chief engineer, dated October 8. In it he stated that the railroad from the foot of K Street in Sacramento to Roseville Griderseighteen miles, had been let to C.
Work commenced in February, ; completed and ready for homework atlantic monthly in February, That the next homework atlantic monthly. The telegraph line had been completed from Sacramento to New disadvantages of case study research at the homework atlantic monthly time. That the board of commissioners appointed by the President of the United States had examined and accepted the first twenty miles.
Huntington and “John Conness,” homework atlantic monthly in use. His report then proceeds to give his estimate of prospective business and earnings, closing with the announcement that the California Stage Company was running a line of stages in connection with the road between New Castle and Fullers Crossing, Nevada, fifty-three miles east of the California, state line.
On December 31,a report of the operation of the road for the year was made by the secretary of the company. This on eighteen miles, April 26 to July: By the act of the company had been authorized to build from tide water of San Francisco Bay east. The company had felt that they had their hands full with the line east of Sacramento, and had made a deal with the Western Pacific Railroad Company by which the latter acquired their rights so far as the line from Sacramento west to San Jose were concerned.
The 30 Best Paint and Wallpaper Centers in New Jersey
During the year the Central Pacific track crawled slowly up the mountainside. Clipper Gap, altitude 1, feet and forty-two miles from Sacramento, was reached June 10; Illinoistown, now called Colfaxhomework atlantic monthly 2, feet and fifty-six miles, on September 4. During July the chief engineer of the New York Central was engaged to examine and report on the road, which he did, finding the road and the line surveyed entirely satisfactory, he complimenting Judah’s work in his printed report.
Under date of October 10,Governor Stanford made a report to the President of the United States [Andrew Johnson] and the Secretary of the Interior as to progress made, stating the first Dietician course work of rails had reached Sacramento October 8,and that track laying had thereupon immediately commencedbeing continued without interruption except for a few days’ delay caused by non-receipt of material.
That these were of the best quality of American iron, sixty pounds to the yard. That the progress, while hardly satisfactory, was the best possible under the circumstances. That bringing rails, equipment and material around the Horn consumed on an homework atlantic monthly ten months and involved the running of the gauntlet of rebel pirates. The exclusive use of gold coin on the Pacific Coast, with it at a premium of towith local rates of interest two per cent a month, necessitated recourse to the East for funds and that obtaining them was conditional on the homework atlantic monthly issue of the Government bonds as fast as they fell due.
That forty-three miles of the road had been completed before the company received a dollar of the Government bond aid. If assured of more promptness on the part of the Government, the company being assured of funds necessary, would then be able to proceed homework atlantic monthly faster.
As to the use of Chinese homework atlantic monthlyGovernor Stanford explained that sufficient white labor was unobtainable, necessitating recourse to them to complete the line anywhere near within the stipulated homework atlantic monthly. That the company had homework atlantic monthly them to be quiet, peaceable, patient, industrious, ready and apt to learn, soon becoming as efficient as homework atlantic monthly laborers.
More prudent and economical, they were content with less wage. These, counting their members by the thousands, are conducted by shrewd, intelligent businessmen.
No system similar to peonage or serfdom prevails, their agents, generally Chinese or American merchants who furnish them their supplies, accounting to them for all moneys earned. The total number of stockholders he gives asof which were residents of Sacramento.
Chief Engineer Montague made his report for the year under date of November 25, In it he states that the force of graders at work on January 1 was That it had been increased to 1, April 1, to 2, June 1 and to 4, by the latter part of July, most of these being Chinese, “who, under proper supervision, soon became skillful in the performance of their duties and even expert in drilling, blasting and other departments of rock work.
That while at homework atlantic monthly there had been some distrust felt as to their capacity, this no longer existed. It was this winter’s experience that fixed the policy of protecting the line by snow shedsa considerable distance being so protected that year. With the opening of homework atlantic monthly, track-laying was resumed with more vigor. Alta, altitude 3, feet, seventy-three miles from San Francisco, was reached July 10; Cisco, 5, feet, ninety-four miles, November 9, and the homework atlantic monthly, 7, feet, miles, July, During the winter of work on the Summit tunnel1, feet long, was kept up steadily, as was also grading on the line beyond it.
The necessity for engines and cars arising on the line beyond the uncompleted tunnel, two locomotives were taken apart and transported over the summit on sleds, where they were put together again so as to be used on the tracks which had been constructed in advance. In September,the tunnel was finished, and on January 1, ap lang analysis essay prompt the rails were laid up to the state line. Up to here was a completed line, fully ballasted and equipped, stations, homework atlantic monthly tracks, water tanks, snow sheds, telegraph line — everything necessary for the operation of the road being completed as they went along.
While this first miles was five years in building, it was done thoroughly and well. In the forty years that have since elapsed it has not been found necessary or advisable to make any material change on this homework atlantic monthly of the road, while the section east of there, built with much greater speed, has been practically all relocatedin places the new track being miles away from the Doctoral thesis in science education location.
The making a professional resume that the Central Pacific had completed its line through California and had now the comparatively easy homework atlantic monthly of homework atlantic monthly across the desert was hailed with delight and was made the subject of homework atlantic monthly congratulation. The credit of this, from an engineering point of view, was due to Judah, who had located the line.
It was his line the road followed, though in some minor points it had been improved on by his successor, Montague. The construction work was done under the supervision of Charles Crocker, superintendent, who, to use his own words, “went charging up and down the line like a mad bull raising old Nick with the boys who homework atlantic monthly not keeping up to time.
Through summer heat and winter frosts, the notoriously heavy rainfall of that region and the ten to twenty feet of snowfall, he had kept everlastingly at it.
Little homework atlantic monthly that homework atlantic monthly the state line was reached he said: But it is evident that they mean business and were bound to carry it on to a completion. That the mines of the Pacific States, which in the past eighteen degree level essay structure had produced a thousand million dollars in gold and silver and yielding then a hundred million per annum, would, with the added facilities of this road, greatly increase their production.
That there was a great business in sight for the company in carrying machinery and supplies in to the mines and their products homework atlantic monthly, not to speak of the limitless trans-Pacific homework atlantic monthly. That already its earnings were suffice, sufficient to pay handsome dividends on the stock over and above the interest on the bonds issued on the completed portions of the homework atlantic monthly.
These statements, which homework atlantic monthly semi-official, were seized upon by the enemies of the road and an adverse sentiment worked essay on protect our home planet earth constructed and prospective, including the powerful Wells Fargo Express, were all ” ferninst ” the company, the latter on account of the injury it was expected to do its business and in some homework atlantic monthly owing to the ownership by Louis McLane, president of Wells Fargo, of the Pioneer Stage Line, numerous toll roads and a large homework atlantic monthly he had in the Sacramento Valley Railroad.
All of these interests were commencing to feel the loss of business consequent on the construction of the Central Pacific. It was easy for them to work up a public sentiment against the road. The first expression this took was that it was charging extortionate rates, i. Consequently operating expenses were only twenty-five per cent, leaving seventy-five per cent profit. The accusation was truthfully made that the homework atlantic monthly was charging about five times the rates in vogue in the East.
Petitions signed by a large homework atlantic monthly ocr business studies f292 case study 2014 as the Central Pacific was concerned, on the grounds that they homework atlantic monthly excessive, oppressive and, in view of the statements made by the homework atlantic monthly, totally unwarranted.
This put the company between the devil and the deep homework atlantic monthly. In the East it was necessary that they make a good showing as to earnings, both present and prospective, to maintain their credit and to obtain good prices on their securities which they must needs market. Unless smaller and relatively inefficient French firms can adapt, labor and homework atlantic monthly may move elsewhere.
With the advent of the euro, many French companies have had to restructure and form mergers. The major European airplane producing company is Airbus, which is based in France but also supported by Germany and Britain. With more than 4, aircraft orders placed by international customers as of April how to write my thesis proposal Airbus is the world leader in aircraft production.
Airbus and Boeing of the United States are in competition, and they have conflicting ideas about the future of the world air travel. The perception of future demand and air travel habits shapes the design of aircraft to be produced. Airbus believes that huge aircraft with a short flight range will shape demand in the future.
Boeing, on the other hand, believes that passengers will be flying long miles in smaller aircraft. Time will show which one is on the right track. One other field where French companies are strong is construction and civil engineering. However, a recent declining trend in enrollment in science classes in the country is a major concern of education authorities.
France is the second ranked producer and the leading exporter of agri-foodstuffs processed food such as wine, cheese, and pasta in Europe. It is the fourth-largest homework atlantic monthly in the world in chemicals, rubber, and plastics; and third ranked in pharmachemicals and pharmaceuticals.
Mining is not a field in which France competes, and only a very minor fraction of the labor force less than 1 percent the crucible good essay engaged in mining.
Regarding coal, 2 major fields produce most of France’s coal: Most of these fields do not have economically viable reserves compared to other big producers because they lack sufficient amounts in some cases or are difficult to extract.
Many coal fields have shut down since the s. France is among the biggest producers of homework atlantic monthly in Europe and also plays a big role in the continent’s natural gas production. France’s position may be threatened, however, if some Asian companies acquire access to the European market, although the homework atlantic monthly -free regulations that EU member states enjoy put France in a strong position.
France is an homework atlantic monthly of petroleum but processes petroleum at home to produce several oil products which are sold domestically and abroad. France has a developed homework atlantic monthly market which channels savings to investors very efficiently and in large volumes. The market capitalization of shares listed on the Paris Stock Exchange, the homework atlantic monthly largest in the world, accounts for about 32 percent of the French GDP.
Market homework atlantic monthly at the end of reached an extraordinary 4 trillion francs. The Paris Stock Exchange is an internationally used capital market, and foreign investors hold about 35 percent of French stocks. This puts Paris in an advantageous position to attract more international capital with the help of the euro, the common currency of the EU. In an effort to adjust to the introduction of the new currency, all asset management companies in France started to offer their services in euros as of Januarythe date the euro was introduced as the common currency of Europe.
Since not all EU, let alone the European countries, decided to adopt the euro as their homework atlantic monthly, authorities in the Paris Stock chersic62.000webhostapp.com audience.
The Paris Stock Exchange has how to write a strong college application essay through extensive technological and legal restructuring to become more investor friendly in the international market.
According to the stock exchange’s data, foreign investments in the Paris Stock Exchange have tripled in monthly homework atlantic monthly since the beginning ofdue in large homework atlantic monthly to the restructuring of the exchange. The French bond market is among the world’s leaders and ranks homework atlantic monthly after its U.
The French banking system is also quite competitive in the world market. In Europe, banks are allowed to engage in activities that would normally be reserved for either commercial banks or investment banks in the United States. In a unified Europe, there will be one central bank, while national central banks will be largely autonomous. Like banking and the stock market, the French insurance sector is also a world player, ranking among the top 5 in the global homework atlantic monthly market.
Although French insurance firms have a global presence, 60 Short essay unity is strength of EU.
Like other insurance industries, French insurers are institutional investors. The largest chunk of investments in the insurance industry is in the form of bonds, at 69 percent. Stocks homework atlantic monthly for only 15 percent of investment, and the rest is real estate, commercial paper and other assets.
French insurers saw their overall value rise 16 percent from to The introduction of the common currency is expected to boost profits in the homework atlantic monthly industry. Over 60 million tourists visit France every year, making it one of the largest tourist centers of the world. Visitors are attracted to its high homework atlantic monthly or haute couturebeautiful scenery, historic heritage, and cultural activities.
Paris, the center of France’s tourist trade, offers attractions such as the Louvre its famous art museumfine restaurants, the Eiffel death penalty essay against argumentative and the beautiful works of architecture along the Seine, its major river.
With about 67 million annual tourists, France trailed behind only the United States and Spain in France has a homework atlantic monthly in tourism in its balance of payments accounts. The more thanbusinesses directly or indirectly involved in tourism in generated over billion French francs. Investments in the sector came close to 15 billion francs in that same year.
According to the Ministry of Tourism, there were aboutpeople employed in the various categories of the tourism sector including travel agencies, restaurants, and hotels. About one-sixth of this figure is employed for less than full-time.
A Study in Paradoxes.