. The Cuba review. 24 THE CUBA REVIEW FINANCIAL AND COMMERCIAL MATTERS NEW CARS FOR HAVANA The first railroad train ever operated by storage batteries equipped with a multiple unit control was run on September from the Pennsylvania Station in New York City to Long Beach over the Long Island Railroad, covering the distance to Long Beach, 25 miles, in 57 minutes. It re- turned in 53 minutes. The train consisted of three cars, each equipped with four 200-volt motors and 216-celI Edison batteries. The important step in the development of the Edison storage battery is the fact that more than
. The Cuba review. 24 THE CUBA REVIEW FINANCIAL AND COMMERCIAL MATTERS NEW CARS FOR HAVANA The first railroad train ever operated by storage batteries equipped with a multiple unit control was run on September from the Pennsylvania Station in New York City to Long Beach over the Long Island Railroad, covering the distance to Long Beach, 25 miles, in 57 minutes. It re- turned in 53 minutes. The train consisted of three cars, each equipped with four 200-volt motors and 216-celI Edison batteries. The important step in the development of the Edison storage battery is the fact that more than one car is operated by one controller under the multiple unit control, characteristic of the operation of the trains in the tubes, subways and elevated railways of Xew York City. The cars, equipped with double trucks, are built with vestibules, and are 35 feet 5 inches long. They are provided with four double seats and four end seats, which will accommodate 42 pasengers. The entire cost of the electric current used for the fiftv mile run was estimated at $ The development of this system does away with the necessity of having a third rail or a trolley, and the trains should be much cheaper to operate than either steam or the ordinary electric cars. Each car is complete within itself, requir- ing nothing outside the power in its own battery cells to propel it. The storage battery system does away with overhead wires and poles, bonding of rails and the entire equipment of a trolley line system, to say nothing of the saving in depreciation charges. It will be put into regular service on a branch of the United Railways of Havana running out from the city 100 miles. A dividend of one per cent on the pre- ferred stock of the Xipe Bay Company has been declared payable October 15, 1912, at the office of the treasurer, 131 State Street, Boston, Mass., to holders of pre- ferred stock of record at the close of business September 28. 1912. $200,000 MISSING On October 4th the National
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