. The Street railway journal . 01 5,634,726 617,073 12,996,291 13,249,819 5,624,898 1,023,266 5,663,634 9%8,02i 13,269,465 162,215 13,431,681 5,836,185 1,029,963 5,704,265 861,266 ,233 148,925 14,118,158 6,402,338 903,842 5,733,940 1,078,039 ♦Deficit Sl^REET RAILWAY JOURNAL. [Vol. kXt. No. 13. advisability of establishing a reserve fund to cover depreciationis generally conceded by railway accountants, managers andfinanciers; but the concession, freely made, usually has behindit the mental reservation: It is a good thing. We would liketo do it if we were able, but just now we nee
. The Street railway journal . 01 5,634,726 617,073 12,996,291 13,249,819 5,624,898 1,023,266 5,663,634 9%8,02i 13,269,465 162,215 13,431,681 5,836,185 1,029,963 5,704,265 861,266 ,233 148,925 14,118,158 6,402,338 903,842 5,733,940 1,078,039 ♦Deficit Sl^REET RAILWAY JOURNAL. [Vol. kXt. No. 13. advisability of establishing a reserve fund to cover depreciationis generally conceded by railway accountants, managers andfinanciers; but the concession, freely made, usually has behindit the mental reservation: It is a good thing. We would liketo do it if we were able, but just now we need our funds sobadly for dividends and betterments that we must wait forbetter times before we create a depreciation reserve. Andthe generally conceded good thing with most railroads stillremains an iridescent dream. There is a general impressionthat only those roads most favorably situated can afford toindulge in the luxury of a reserve fund to cover depreciation,but conservative business methods are forcing this question to. CHESTNUT STREET, LOOKING EAST FROM BROAD STREET the front, and it may be expected that more roads will even-tually adopt the plan. TAXES In the matter of taxes the company appears to be doing itsfull duty to the city and State. In addition to the requirementthat it shall stand the expense of paving from curb to curb onall streets in which it operates, it also pays to the city an annualcar license of $50 for each car which it operates; also an extralicense of $50 on all cars which cross the Girard Avenue, SouthStreet, Walnut Street and Grays Ferry Bridges over theSchuylkill River. These licenses furthermore must be dis-played in each car, subject to the inspection of the city authori-ties at all times. The company also pays on a number of the underlying com-panies a tax of 6 per cent on all dividends in excess of 6 percent paid by these companies during the year. There is alsoa real estate tax of $ on each $100 of valuation of powerhouses, car houses,
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Keywords: ., bookcentury1800, bookdecade1880, booksubjectstreetr, bookyear1884
