File:The Street railway journal (1903) (14573158178).jpg

Identifier: streetrailwayjo221903newy (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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urse, we took thechance of losing a car, but while we were about it we pre-ferred to make a practical test. The plan of the car which we are seven American directors on the board. Charles T. Yerkesis chairman of the company. The other American directorsare: James A. Blair, of the New York banking house ofBlair & Company; T. Jefferson Coolidge, Jr., president of theOld Colony Trust Company, of Boston; James H. Hyde, of theEquitable Life Assurance Society of New York; JamesSpeyer, of the New York banking house of Speyer & Com-pany; Robert H. McCurdy, of the Mutual Life Insurance Com-pany, of New York, and L. F. Loree, president of the Balti-more & Ohio Railroad. The British members of the direc-torate are William Abbott, of London; Frank Dawes, of thelaw firm of Bircham & Company, of London; Lord Farrer,director of the Midland Railway Company; Charles AinsworthSpofford, of London; Edgar Speyer, of the London bankinghouse of Speyer Brothers, and Charles James Cater Scott,
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YERKES SYSTEM OF UNDERGROUND ROADS have adopted is even an improvement over the ones justspoken of. In reply to the question as to the prospects for financialsuccess attending the operation of the various lines to beoperated by the underground, Mr. Yerkes, said: We dont care to guess for the public what kind of businesswe are going to do. I know, however, that in and aroundLondon there are 8,000,000 people, with very meager facilitiesfor transportation. When you know this, it is not worth whileto surmise. In a business we always have to take chances, but Ibelieve that this is the best chance I ever took. It is our intention to charge a single fare of 2 pence on thedifferent tube lines from one end to the other. On the Districtline 2 pence will be the popular fare, but the line will bedivided into zones, the present rate of the District Railwaybeing based upon the mileage the passenger travels. We be-lieve the introduction of the American system of a one-farerate will tend to build up

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