. Annual report of the Public Service Commission, and the ... annual report of the Board of Railroad Commissioners . f the rail in the city streetsshows decided surface wear or battered joints. The companyexercised good business judgment in anticipating the recent in-crease in prices and now has on hand about 750 tons of new rail,or enough for about miles of track. The inspection depart-ment estimates that during the next five years about 20 miles oftrack should be relaid, and about 95,000 ties renewed, at a totalcost of about $244,000. In addition, about $144,000 should beexpended for ren
. Annual report of the Public Service Commission, and the ... annual report of the Board of Railroad Commissioners . f the rail in the city streetsshows decided surface wear or battered joints. The companyexercised good business judgment in anticipating the recent in-crease in prices and now has on hand about 750 tons of new rail,or enough for about miles of track. The inspection depart-ment estimates that during the next five years about 20 miles oftrack should be relaid, and about 95,000 ties renewed, at a totalcost of about $244,000. In addition, about $144,000 should beexpended for renewals and repairs of special work, overheadsystem, telephones and signals, making a total expense in thefive years of $388,000, or an average of about $77,600 per year. 82 APPENDIX — ORDERS. [Jan. That these estimates are conservative is indicated by the factthat the company itself has stated that miles of track are inimmediate need of renewal and that miles ought to be re-built during the next five years. The passenger cars of the company may be classified as fol-lows: — Type. Average Age(Years).. Single truck closed, .Double truck closed, .Single truck open,Double truck open, .Total, . The single truck cars vary between 15 and 26 years in age andthe double truck between one year and 18 years. Only 13 of theclosed cars are of the semi-convertible type, and these are all thatare equipped with prepayment fare boxes. Eight were purchasedin 1916 and five in 1913. None of the other cars are reallymodern. In estimating depreciation requirements the companyhas placed the average useful life of rolling stock at 20 if it be taken as longer, it is evident that many replace-ments ought to be made within the near future. The singletruck cars for the most part have outlived their , it is desirable that the company should gradually aban-don the larger part of its present equipment and substitute semi-convertible cars which can be used all the year r
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