. The Street railway journal . ay (West End) Com-panys earnings from operation applicable to returnon investment amounted last year to $2,118,167,equivalent to $.071 per car mile, and to a return per cent on the total permanent per cent was declared last year on the pre-ferred stock and j-\ per cent on the common stock,leaving a surplus for the year of $431,573. Thisproperty is very conservatively handled financially,many charges being made to operating expenses,which on some properties would be charged, thoughprobably incorrectly, to construction accounts. So long-as i
. The Street railway journal . ay (West End) Com-panys earnings from operation applicable to returnon investment amounted last year to $2,118,167,equivalent to $.071 per car mile, and to a return per cent on the total permanent per cent was declared last year on the pre-ferred stock and j-\ per cent on the common stock,leaving a surplus for the year of $431,573. Thisproperty is very conservatively handled financially,many charges being made to operating expenses,which on some properties would be charged, thoughprobably incorrectly, to construction accounts. So long-as it deals fairly with the city it is practically secure fromcompetition, as there are no valuable routes in the heartof the city possible to obtain for a rival system, which arenot pre-empted by its tracks. For a system of this kind there are two policies whichcould be followed regarding further extensions into the sur-rounding country. One is to build for its own benefitpractically every connecting line or extension where there. FANEUIL HALL SQUARE is a possibility of profit, and the other is to allow othercapital to make these further extensions and build feedersfor the main system. The West End Company has alwayspursued the latter policy, which will probably be continuedby the Boston Elevated Railway Company. All of thegroups of railways presently to be described are con- Septem der, 1898.] SJREET RAILWAY JOURNAL. 477 nected with the Huston Elevated Railway lines, as in-dieated upon the accompanying maps. To the considera-tion of these outlying groups we now proceed, and will findthem extremely interesting from many points of view. THE LYNN & BOSTON SYSTEM The Lynn & lioston Railroad Company now controlspractically the entire street railway system of the famousNorth Shove of Massachusetts and connectstwenty-one cities and towns with each other andwith lioston, entrance to the heart of the city(Scollay Square) being gained through Charles-town by a traffic agreement with the Bo
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Keywords: ., bookcentury1800, bookdecade1880, booksubjectstreetr, bookyear1884
