. The Street railway journal . m of elevated and undergroundroads has become a necessity for the city of Berlin. In view of this fact, the firm of Siemens & Halske sometime ago petitioned for a franchise to build and operate company was organized on April 27, 1897. Its presentcapitalization is ,000,000, one-half of which consists of4 per cent bonds, the other half of ordinary shares. This company has an agreement with Siemens & Halske,by which it acquires and assumes all contracts and rightsacquired by the firm which relate to the building and oper-ation of the road, while the latter has a
. The Street railway journal . m of elevated and undergroundroads has become a necessity for the city of Berlin. In view of this fact, the firm of Siemens & Halske sometime ago petitioned for a franchise to build and operate company was organized on April 27, 1897. Its presentcapitalization is ,000,000, one-half of which consists of4 per cent bonds, the other half of ordinary shares. This company has an agreement with Siemens & Halske,by which it acquires and assumes all contracts and rightsacquired by the firm which relate to the building and oper-ation of the road, while the latter has agreed to build theroad and operate it at its own risk for one year, with aguaranteed net profit of 4 per cent. Only after the roadhas been in operation for one year will the same pass intothe hands of the operating company. In consideration ofoperating the road for this time, Siemens & Halske willreceive 25 per cent of the net profits in excess of the guar-anteed 4 per cent. As a great deal of territory will be re-. Proposed underground extension to tb Schlossuriicke-•-Proposed extension to tlic ttopeaickerbruck FIG. I.—MAP OF BERLIN, SHOWING ROUTE OF THE BERLIN ELEVATED RAILWAY AND STADTBAHN an electric road extending east to west, and branching outinto the south and southwest, to be in the form of an ele-vated road within the city limits of Berlin and an under-ground road in Charlottenburg. The preliminary franchise for the building of this roadwas granted March 22, 1893, and agreements were madebetween the cities of Berlin. Schoneberg and Charlotten-burg for the use of the streets and highways. Subsequentto this, on Sept. 10, 1896, actual work on the road wasbegun. In making these agreements with the municipalities itwas distinctly understood that the latter would abstainfrom the building of street railway lines. The State Rail-way Commission also declared that it did not consider thenew road a competitive one to the existing roads. On theother hand, the Siemens & Halske
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Keywords: ., bookcentury1800, bookdecade1880, bookidstreetrailwa, bookyear1884
