. The Street railway journal . r. Fusteralso presents some instructive figures, which are not given Mr. Fuster regards this enormously high coefficient asvery serious, believing that it shows either that the operatingcosts during 1900 were too high or that the recent regula-tions imposed on the railway companies by the governmentin regard to a prescribed minimum pay and maximum hoursof labor for employees are too stringent. The latter is amore probable cause. The net profits during the Exposi-tion year (1900) of the Paris roads was on the average notmore than 9000 francs per kilometer. The div
. The Street railway journal . r. Fusteralso presents some instructive figures, which are not given Mr. Fuster regards this enormously high coefficient asvery serious, believing that it shows either that the operatingcosts during 1900 were too high or that the recent regula-tions imposed on the railway companies by the governmentin regard to a prescribed minimum pay and maximum hoursof labor for employees are too stringent. The latter is amore probable cause. The net profits during the Exposi-tion year (1900) of the Paris roads was on the average notmore than 9000 francs per kilometer. The dividends paidon the invested capital were as follows : 1890-1899 1900 Class B per cent. .9 per cent. Class C—Seine Department Other provinces Total Class B and Class C together 44 Of the tw*enty-one of the largest roads in France, thestock of only six was quoted above par on the Exchangeon June 30, 1900. They were roads whose gross re-ceipts were equal to from 23 per cent to 46 per cent of their. TERMINAL STATION OF TOULON LINE here because they relate to all tramways and the electricearnings are not separated from the others. But the con-clusion may be derived from them that the financial resultsof the street railways in France have not been encouragingand the net return has been below the legal interest following table shows the percentages of operatingexpenses to receipts of the division C, that is, of the actual,street railways: Per Cent Operating Expenses to Receipts of FrenchTramways Yk ar ,1899190 J Depart merit, Olher Gra nd tiding Paris Average 90 73 83 92 77-5 86 96 80 90 96 80 90 90 79 85-5 9i 75 84 89 72 82 89 70 81 88 69 80 76 69 73 80 73 77 capital stock. According to Fuster, the cause of this con-dition is the rapacity of the municipalities, who no soonersecure one concession than they demand another, and theunfortunate wording of the French law, which puts theseoperating c
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Keywords: ., bookcentury1800, bookdecade1880, booksubjectstreetr, bookyear1884
