File:The Street railway journal (1898) (14574946879).jpg

Identifier: streetrailwayjo141898newy (find matches)
Title: The Street railway journal
Year: 1884 (1880s)
Authors:
Subjects: Street-railroads Electric railroads Transportation
Publisher: New York : McGraw Pub. Co.
Contributing Library: Smithsonian Libraries
Digitizing Sponsor: Smithsonian Libraries

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both lines if he ex- as a large proportion of the ten ami twenty-cent fareswould otherwise have brought up the minimum five-centfare to a much greater figure. I he Rockport Street Railway carried 3.0 passengers percar mile and earned $3,497 per mile of track operated,equivalent to 19.34 cents per car mile and 5 cents per pas-senger. fhe net earnings of the Gloucester Street Railway ap-plicable to return on investment amounted in 1806-7 to$24,541, equivalent to 7.3 per cent on its own investmentand that of the Gloucester ec Rockport Street Railway,which it leases. The Gloucester Company paid the Glou-cester & Rockport Company as rental the sum of $1,800, or6 per cent on its capital stock, and it paid 6 per cent uponits own stock, leaving a surplus for the year of $5,635 to beadded to its previous surplus of $35,017. fhe net earnings of the Gloucester, Lssex & BeverlyStreet Railway Company amounted to $17,700, equivalentto 4.4 per cent upon its investment. This company declared
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pects to see all the scenery that Gloucester can afford tohim by trolley cars. On the Gloucester, Essex & Beverlyline a thirty-minute service is given in summer and a sixtv-minute in winter. The fare between Gloucester and WestGloucester is five cents, Gloucester and Lssex Falls tencents, and Gloucester and Beverly thirty cents. The fareon the Ipswich branch from the trunk line to Ipswich isfive cents, and a thirty-minute service is given. As a result of this service the Gloucester Street Railwaycarried in 1896-7 4.9 passengers per car mile, earned 5.26cents per passenger carried, 25.84 cents per car mile and$5,902 per mile of track operated. The Gloucester, Essex«x Beverly carried only 3.3 passengers per car mile andearned on its twenty-three miles of track operated less intoto than the Gloucester system with its twelve miles, theearnings of this long interurban road being at the rate of$2,612 per mile of track, 17.35 cents per car mile and 5.23cents per passenger. From this las

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