File:Electric railway journal (1921) (14573419190).jpg

Identifier: electricrailway571921newy (find matches)
Title: Electric railway journal
Year: 1908 (1900s)
Authors:
Subjects: Electric railroads
Publisher: (New York) McGraw Hill Pub. Co
Contributing Library: Smithsonian Libraries
Digitizing Sponsor: Smithsonian Libraries

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that state havebeen through a receivership, and many miles of trackhave been abandoned. Perhaps not in all, but at leastin a goodly proportion, such cases have been where over-optimistic promoters have built in sparsely settled terri-tories, or where lack of foresight on the part of themanagements has resulted in financial embarrassment.No Legislature can be expected to go out of its way tooffer protection in such cases. But the recognition bythe Massachusetts Legislature of the general financial hardships which the indus- ^ try as a whole is sufferingthrough no fault of its ownis an encouraging sign. The action of the Speakerof the House of Represent-atives of Massachusetts instanding up for and secur-ing a reconsideration of theexemption bill, after theoriginal motion was de-feated, was an exception-ally courageous proceeding,in view of the apathy ifnot direct antagonism ofthe general public towardthe financial prosperity ofi*5 utilities. 982 Electric Railway Journal Vol. 57, No. 22
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SINGLE-END. JjQUBEE-TRUCK, ONE-MAN SAFETY CAR FOR INTERURBAN SERVICE One-Man Cars for Inter urban Service How the Cincinnati, Milford & Blanchester Traction Company Met aDifficult Financial Situation by Installing New Equipmentand Making Such Changes as Would GreatlyReduce Operating Costs By C. T. DEHORE Cincinnati, Oliio FACED with an inevitable receivership unlessoperating costs or earnings could be radicallychanged, the Cincinnati, Milford & BlanchesterTraction Company, Cincinnati, Ohio, under the direc-tion of J. P. Perrung, president and general manager,decided in January, 1920, to take immediate and drasticaction to stem the tide of rising costs. The criticalnessof the situation can be readily understood from thefew words explaining that during one month in thefall of 1920 the cost of power alone was 60 per centof the total receipts. It is said that had the changeswhich were effected been delayed three months longerthe railroad probably could not have held out. As aresul

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