The Street railway journal (1902) (14575055110)

Identifier: streetrailwayjo191902newy (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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university islocated, the road was obliged to use a complete metallic cir-cuit with two trolley wires. In a few cities the surface con-tact system was prescribed. The worst feature of the entire situation is that Europeanauthorities seem to have entirely lost sight of the most im-portant fact of all, namely, that the first duty of a street rail-way is the successful transportation of passengers. Euro-pean authorities are particularly fearful of disturbing or in-terfering with local conditions, many of which are hundreds ing nor soiling the pavement. As a substitute, the roadsoften volunteered to pay over to the city a part of their netearnings in case the latter exceeded 5 per cent or6 per cent.The agreement is generally as follows: In case a 5 to 7 percent dividend is declared, the authorities get 25 per cent ofthe surplus over 5 per cent; for a 7 per cent dividend theauthorities receive 50 per cent, and so on for greater earn-ings. This payment is usually in addition to the percent-
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