File:The Street railway journal (1907) (14573929247).jpg

Identifier: streetrailwayjo301907newy (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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the seeds were planted from whichhave been reaped year by year Japans rich harvest of so- Street cars drawn by horses were introduced in Tokio inJ882, but, although there were several companies, only asmall part of the city was covered. In 1903 the number ofcompanies was reduced to three and all the roads electrified.These roads were united under one management in Septem-ber, 1906, and now constitute the Tokio Tetsudo Kaisha, orTokio Electric Street Railway Company. It is a joint stockcorporation operating under a perpetual franchise from thecity, and managed by a board of directors chosen by thestockholders. The company was organized by Japanese,and likewise is managed by them in all its departments. The capitalization of the company is yen 33,000,000, or$16,500,000, consisting entirely of common stock, withouteither bonds or preferred stock, upon which there is an an-nual dividend of 9 per cent, paid twice a year. Practicallythe entire amount is held by local investors. It is quoted
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MAP OF TOKIO, SHOWING THE PRESENT AND PROPOSED ELECTRIC RAILWAY FACILITIES, LOCATION OF IMPORTANT BUILDINGS, PARKS, ETC. cial, civil and economic progress. In 1871 feudalism wasabolished, and in 1889 a constitution was adopted. ThatJapan has within the past forty years perfected many ofher natural native products her large exports bear witness.That she intends to develop her hitherto latent potentialitiesis illustrated by her great importation of wheels, bothmental and mechanical, from all parts of the globe, ana-lyzing and discarding, retaining and applying those suitedto her peculiar needs. So far she has combed with a veryfine comb American and European ideas, originating littlebut selecting masterfully. And consequently in the TokioElectric Railway Company are found many American andmany European ideas carefully chosen and excellentlypracticed by Nippon. on the Tokio Exchange at 64, par value yen 50. The man-agement and operation expenses are 50 per cent. Of thenet receipts 10 per

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