. The Street railway journal . FORSTHAUS-ALEER. M. 1,500,000,000 to M. 2,000,000,000, or about $400,000,-000 to $500,000,000. As to the earnings of the street railway companies it maybe said in general that while they (like all share companiesin Germany) have a laudable desire to create large reservefunds, and thus provide for unexpected renewals andchanges in their mechanical outfit, they pay in dividendseverything which they cannot satisfactorily prove to benecessary and reasonable in the direction of special andregular reserve funds. Naturally the share-holding publicwant as large a dividen
. The Street railway journal . FORSTHAUS-ALEER. M. 1,500,000,000 to M. 2,000,000,000, or about $400,000,-000 to $500,000,000. As to the earnings of the street railway companies it maybe said in general that while they (like all share companiesin Germany) have a laudable desire to create large reservefunds, and thus provide for unexpected renewals andchanges in their mechanical outfit, they pay in dividendseverything which they cannot satisfactorily prove to benecessary and reasonable in the direction of special andregular reserve funds. Naturally the share-holding publicwant as large a dividend as possible. Over-capitalizationis not possible according to German practice or under theGerman laws. Trolley traction has, of course, provedcheaper than horse traction, and in several cases has actu-ally brought moribund railways to life again and made
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Keywords: ., bookcentury1800, bookdecade1880, booksubjectstreetr, bookyear1884
