. The Street railway journal . al tangles and internal strife, and getting downto the bottom causes, it appears to be a simple, old-fashionedcase of overcapitalization, aggravated first by long-continuedtroubles over franchises with the city, and second by an en-tire lack of adequate depreciation, reserve and sinking fundsin years past. Big wrecks of this kind, however delightfulfrom a purely spectacular standpoint, are anything but pleasantto those of us who have the permanent welfare of the streetrailway business at heart. If they serve as a warning to othercompanies, all of the money lost i
. The Street railway journal . al tangles and internal strife, and getting downto the bottom causes, it appears to be a simple, old-fashionedcase of overcapitalization, aggravated first by long-continuedtroubles over franchises with the city, and second by an en-tire lack of adequate depreciation, reserve and sinking fundsin years past. Big wrecks of this kind, however delightfulfrom a purely spectacular standpoint, are anything but pleasantto those of us who have the permanent welfare of the streetrailway business at heart. If they serve as a warning to othercompanies, all of the money lost in them by over-sanguine pur-chases of securities will not have been entirely wasted. go STREET RAILWAY JOURNAL. [Vol. XXIV. No. 3. THE CLEVELAND, PAINESVILLE & ASHTABULA ELECTRIC RAILWAY Reference has been made in these columns on a number ofoccasions to the great chain of electric lines that is parallelingthe main route of travel between New York and Chicago. Asis generally known, it is now possible to travel from Western. Population Distance . 500 6 2,720 ioJA 400 131/: 2,342 18 1,200 23 12,949 28 STATION AT A SMALL TOWN New York entirely across Northern Pennsylvania and Ohioto points in the interior of Michigan, and roads are under con-struction which within two or three years will make possiblethrough electric travel between Buffalo and Chicago. Someof the recent builders along this route have appreciated thepossibilities for future through traffic, andhave used great care to design their roadsfor heavy high-speed service. From pointof construction, one of the best of theseproperties is the Cleveland, Painesville &Ashtabula Railway, operating betweenPainesville and Ashtabula, Ohio. Thisroad was placed in operation in the fallof 1903, and is the connecting link in thechain of lines mentioned above as beingnow in operation. The proposition was projected originallyby the Everett-Moore syndicate, of Cleve-land, as an extension of the Cleveland,Painesville & Eastern Railway
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Keywords: ., bookcentury1800, bookdecade1880, booksubjectstreetr, bookyear1884
