. The Street railway journal . by month with such an amount as mightbe deemed sufficient to meet such extraordinary expendi-tures. The offsetting charge would be to operating ex-penses. According to this plan proper charges to the ex-penses of operation would be made as time passes and afund thereby accumulated with which to make good thevalue of property when destroyed by accident, and also topay claims for damages as adjusted. The very idea of an accident is that it is something un-expected, and while any estimate covering such emer-gency must of necessity be vague, due provision must bemade
. The Street railway journal . by month with such an amount as mightbe deemed sufficient to meet such extraordinary expendi-tures. The offsetting charge would be to operating ex-penses. According to this plan proper charges to the ex-penses of operation would be made as time passes and afund thereby accumulated with which to make good thevalue of property when destroyed by accident, and also topay claims for damages as adjusted. The very idea of an accident is that it is something un-expected, and while any estimate covering such emer-gency must of necessity be vague, due provision must bemade therefor. The disastrous Johnstown flood was cer-tainly not anticipated in any specific way by the Pennsyl-vania Railroad. There could scarcely be a better illustra-tion, however, of the wisdom of the Pennsylvanias policyin maintaining large emergency reserves, for the enormousexpense resulting from the Johnstown disaster had noappreciable effect upon the resources of the railroad. 162 STREET RAILWAY JOURNAL. [Vol. XX. No. HUGUST 2, 1902. PUBLISHED WEEKLY BY THE STREET RAILWAY PUBLISHING COMPANY Main Office:NEW YORK, Beard Building, 120 Liberty Office : Monadnock Block. Philadelphia Office: 929 Chestnut Street. London Office: Hastings House, Norfolk St., Strand. Long Distance Telephone, New York, 4044 Address, Stryjourn, New York,—Liebers Code used. TERMS OF SUBSCRIPTION. In the United States and Canada § per annum Single copies, first issue of each month, 35 cents; other issues, 5 cents. f $0 00 To all Countries outside of the United States, Canada and Mexico J .J I 31f Subscriptions payable always in advance, by check (preferred), money orderor postal note, to order of C. E. Whittlesey, Treasurer. Entered as second-class matter at the New York Post , 1902, The Street Railway Publishing Co. NOTICE. Papers and correspondence on all subjects of practical interestto our readers are cordially invited. Our columns are alway
Size: 2587px × 966px
Photo credit: © Reading Room 2020 / Alamy / Afripics
License: Licensed
Model Released: No
Keywords: ., bookcentury1800, bookdecade1880, booksubjectstreetr, bookyear1884
