. The street railway review . hard times prevailing at Melbournefor some months past, the Tramway & Omni-bus Company has not proved the dividend pay-ing property it once was, but the stockholders expectthat better limes will come soon and induce more the annual meeting Chairman T. B. Clapp gave someaccount of the economy that had been accomplished overlast jear, which in office expense and stationery was$2,600; in fuel, $10,300; in cable renewals, $.|8, this, there was a large saving from reduction ofsalaries and wages. This includes sixteen cable lines,and the saving in c
. The street railway review . hard times prevailing at Melbournefor some months past, the Tramway & Omni-bus Company has not proved the dividend pay-ing property it once was, but the stockholders expectthat better limes will come soon and induce more the annual meeting Chairman T. B. Clapp gave someaccount of the economy that had been accomplished overlast jear, which in office expense and stationery was$2,600; in fuel, $10,300; in cable renewals, $.|8, this, there was a large saving from reduction ofsalaries and wages. This includes sixteen cable lines,and the saving in cables was partly from alteration of thelines and partly from improvements in cable gross receipts were $2,000,463 and the expenses$1,890,535. Two dividends, at the rate of 2J^ per cent,were paid during the year, absorbing $115,000 of theprofits. The system has long held a record as a well-conducted property, and all things considered, the show-ing is an excellent one and reflects credit on the .STATUE OF LIEF ERICKSON, MILWAUKEE. ^txectj\a4lAVflyj\e^^ 631 THE RETURN CIRCUIT OF ELECTRIC RAILWAYS.
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Keywords: ., book, bookcentury1800, bookdecade1890, booksubjectstreetrailroads
