. The Street railway journal . No. Union Elevated Railway of Chicago One of the most remarkable pieces of railway propertyin the world is the little two-mile Loop in the heart of thecity of Chicago, around which all the trains of the threeelevated railway systems of the city pass in each trip, andwhich may eventually be the medium for a closer union be-tween these three systems than at present exists. TheLoop property consists of a franchise, a power station, adouble-track elevated structure 11,150 ft. long, elevengroups of passenger stations and an interlocking switchand signal system.
. The Street railway journal . No. Union Elevated Railway of Chicago One of the most remarkable pieces of railway propertyin the world is the little two-mile Loop in the heart of thecity of Chicago, around which all the trains of the threeelevated railway systems of the city pass in each trip, andwhich may eventually be the medium for a closer union be-tween these three systems than at present exists. TheLoop property consists of a franchise, a power station, adouble-track elevated structure 11,150 ft. long, elevengroups of passenger stations and an interlocking switchand signal system. It owns no rolling stock. On anaverage day more than one thousand trains and more thanthree thousand cars pass over its line, and on the heaviesthours of such a day, from 7:30 to 8130 A. M. and from 5:15to 6:15 P. M., thirty four-car trains are handled every four-teen minutes, the time taken for a round trip. Its redletter record in train handling was made on Chicago Ju-bilee Day, Oct. 19, 1898, when in twenty-four hours 1366. VIEW IN VAN BUREN STREET SIDE OF THE LOOP, CHICAGO thirty days and during the last three months, not a singlecomplete train interval has been lost, in spite of the fact thatthe entire 120 equipments are in service each day withoutany provision for spare. Such a result, it is safe to say, hasnever before been accomplished in railroading of any kind. The officers of the South Side Elevated Railroad Com-pany are Leslie Carter, president; Wm. Fleming, vice-president; Marcellus Hopkins, general manager, and J. , superintendent. The balance sheet of Dec. 31,1897, shows that the property cost its present owners $10,-616,783, against which have been issued $10,323,800 incapital stock and $750,000 of-4} per cent bonds. Thisis the result of a reorganization. The gross receiptsfor 11 months ending Dec. 31, 1897, were $637,346and the net was $149,601. It is locally believed thatthe company is now earning nearly 4 per cent upon itscapital stock. trains and
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Keywords: ., bookcentury1800, bookdecade1880, booksubjectstreetr, bookyear1884
