The daily exchange. [volume] (Baltimore, Md.) 1858-1861, 1859-03-16
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CITY Dali RnAn

ed both Branches the City Council will no doubt re-
ceye the sanction of the Mayor and be fact On the
evening OF its passage member of the First Branch
cited some statistics in regard the operation the New
York city passenger railways for the purpose demon
statlng that passengers could be carried three
rare rate and prove profitable the Company. slight
glance at the figures will certainly prove the alacy
TINS proposition The cost in round numbers of the New
York roads per mile is follows Eighth road
500 ooo Second avenue s475 500; Third avenue, $685.
O0O Sixth avenue S213 000 This gives average cost
of construction of the per sl63 $780, To carry
out the provisions of the bill which has passed the
Gill; will be necessary 20 miles as
the New York roads all have double tracks, it would
be just to take the cost of constructing the est
mate for building those of this city If instead Of taking
$16350 the of the construction we take OO0
the amount required to build the road of 20 miles is
$2Oooo Now the highest figure set for the
ton of this road in the city has been S500000; which
$4,000 less mile than the cost of the cheapest in
New York city, and less per than the cost of
the Brook city road The last named road has 206
miles completed at aggregate of 81 700 $751;
600 per mile The number of passengers transported
this road for the last year was 50oO and the gross
cepts OF the road at fire cents fare 1878 00O The
receipts, had the fare been three cents would have
been O0O and after taking off the interest of the
vestment there would have been left for expenses
repairs: &C. sl65,oO0, which amount would certainly be
insufficient But supposing the road in this city
built at cost of $4,000 per mile, would have
aggregate for the twenty miles, 100000. For the pur
pose of demonstrating the mpracti ability
ing road at this and conducting after its con
strucon so as to meet the necessities and
of the citizens, at three fare adduce the follow
ing figures, which believe reasonable or if not
correct to lean to the advantage of the proposed
Interest investment at per ent....... $50 900
| l00 cars, three men to each car, making 800, at
Sl5o each per day 1876 900
400 horses, four to each car, at cost of 81 SO,
Salaries of officers, President, Treasurer, Book
keepers, &C.. 10 900
Wear and tear, and for keeping the road in order
3per cent on the investment. $4,000
Total expenses ........................s2 42 900
1t estimated 5000 persons per day use the omn
bus line at present The proprieors present line
does exceed 5000. giving full scope to the anti
cpated increase of travel under the pleasant fac
nf har
per day which would give an aggregate for the
of 300 days of of persons who Will use the
railroad This number at three piece will afford
revenue of $50 900, which offers but poor in
ducement for capitalists to invest with expectation of
its being remunerative. The following would be the re-
suit of the first years operation:
Total receipts for passengers $50 600
Total expenses and interest on investment. 242OOO
Amount in favor of expenses ............. S62O 900
BY rational calculation be to appear that
the three cent rate fare will bear the legitimate and una
vodable expense necessary for properly conducting the
road after its construction The calculation as re-
CARDS expenses with the four cent rate will show bal
ance against the company for the first year So OOO-
This rate -four cents) will eventually pay but for the
first few the road will be dead loss to owners
1t Is said by that the members of the City Council
had right TO calculate whether Company was able to
carry out the provisions of BILL which they might pro
qure into the practcaby Of plan proposed for their
consideration, but if the offered as the Company
responsible and the security which they rendered for
faithful performance of their contract was such as
the Importance of the improvement demanded, that
II
of the sincerity of their professions the interests of
their constituents, but to grant the right of way to the
company offering to carry for the lowest We think
this is decided mistake. 1t not only the duty of
tn members of the Council to guard carefully the inter
ests OF the people against imposition in regard to high
fare and monopoly but it equally duty to study
the future interests of the mass guard them against
the possibility of each session Of their legislative city
government being harassed by the wearisome
and vampire thrstings of corporation which had made
bad bargain. 1t their duty see that the contract
which they about to into feasible and the
spulations were possible of fulfment. There too
many evidences of cheap enterprises and cheap
on file for sensible Legislative body be guilty of the
folly of demanding or entering into ar les of agreement
when the facts which were to follow the operations
of faithful discharge of the duties of the
the impossbility of making it pay, and warrant.
ing the assumption that the parties to the contract
would at early day be knocking at the doors of the
chamber in the capacity beggas asking to be relieved
of the onerous stipuations which they themselves pro-
posed. To say "et them knock'' poor answer The
history of contracts in this city burning to the
past legislation of the city, and living warning those
who have charge of the legislative department of the CITY
government to be of excessively cheap propositions
There scarcely instance record the city has
entered into agreement where the inducements offered
the Cheap class, but she has been sufferer 1t
is not only with city legislation is the history
of the States, and of our National government, will
ever continue to be The members of the city there
fore were best consulting the interests the people when
they guarded against future mpostions and the resome
ciamor OF those who wish to be relieved of duties which,
to use the mildest expression, they unwisey assumed
We do not pretend that the would not have
been built. We believe it But what we do saw
is that before the Company could counted its by
years. IL would nave penSioner the
chamber, and would have continued source Of annoy
year after year until rate of fare was raised to
figure necessary for the sustenance of the mprov
If the first session of the Council which the application
would be made should refuse to comply result would
be that every dollar sunk in conducting the road would
be added to the cost of the improvement the course
of few years the money invested would have made the
road cost per mile as an exravagant as those of
New York city.
Persons point significantly to the names forming the
different companies and ask eXungly if some are not
more responsible than others: and # II is nIansahl "
suppose that who have
tnanciers would be willing risk their reputation nv
assuming stipuations which they would be unable to mi
fill? We answer by asking aquestion-have any of the
great works of internal improvements which these
gentlemen have earned their reputation as fnancerers
proved profit to the Stockholders Have they not been
and are they not at present great ABSORPTION
Do not the stockholders occupy the same relation
eminent nancerers of the roads, that the passengers
the unlucky stage COACH driven by skifu of ebu
but which unfortunately broke down nv the w;bt f ~,
load and equally them as with the mas
sengers that every body is dead except the driver and
the accident only furnished him with another onnor
tuny to show his skill in getting the wreck?
Great nancerers have by which they save their
pockets and earn their regulations which s not
the general eye But enough of this cannot be doubted
but that the company to whom the grant been given
are able to comply with their articles CT agreement and
not necessary for the proper conduct the road to
have a great excess of capital names.
Let the opponents of the rate and the advo
Gates of the three cent rate make the calculation what
the receipts of the Brooklyn road would have been at
three cents There 900 persons carried over
that road 40 miles in eXtent during the year. which at
the three cent rate would givea revenue S225OOO The
cost ofits construction 81 100000 The interest on
tue is SoOUUO this amount taken
receipts leaves Sl65 OO0 which under no circum
stances will the ordinary expenses conducting the
road requires the amount to road for
this city, it will only be stronger argument against the
three cent rate Or if it the same as the figure sta
ted for the New York City roads, tits only another
rance OF the utter mpossbility to carry con-
tract.
The bill passed by the Council equitable and lust
and gives to the people the cheapest system in
the United States, any other country 1t is not CD
pressve and it is not monopoly 1t will meet the ne
cessities of the community, and will eventually afford
remuneration to the builders, and the
graduate themselves that they will, beyond all doubt,
1t is argued that the city receives no bonus for this
right of way and it is claimed hy that interests
of the city in this pa tcular have been sacrificed Nov
the contrary is the fact True there no direct bonus
rendered, but an indirect bonus, equivalent will I'M
doubtedly follow the construction of the road The
streets which Travelled by the omnbu and the
repairs of which cost than all the other streets of
the city, will no longer be subjected to the grinding
wheels of the old or lines. The Railroad Company
are compelled by the grant to keep in thorough
repair that part of the bed of the covered by the
road and also two feet at either side removal of the
omnbusses from the Streets and facilities for travel
which will be offered by the railroad produce saw
ing to the city each year of thousands of dollars in
the matter Of street repair alone This is no
mean consideration in calculation of benefits to be
derived from the institution of the railroad 1t one
which directly appeals to the interests the payers
Of the city, and which commends the improvement to
compared to another benefit which will inevitably follow
The first year of the operation the road will the
act of an increased value of taxable property of $50 CO0
QUO at least All suburban property will advance beyond
any parallel which the past history of the city affords
The home of the of toll and the munifcent
abode of retired wealth, will occupy the sites
which are now the especial of boys. But
the extreme limits of the city will be the only Dor
ton which will feel the influence The facilities
will bring all parts into comfortable and speedy commu-
nication, and the of trade will hrong eager
hunters for position in which conduct business
An increase of 900 in the taxable property
city is consideration which should command attention
and when properly understood, is indirect bonus If
the expenses of conducting the city government not
greatly increase there can, when the road completed
be reduction of the rate of taxation of 25
Those who feel the burden of increasing taxation will
no doubt, when this certain result has followed look
upon the fact Of the construction of the road
bonus which could have been offered to the city.
The unanmity with which this bill passed the Council
is the best evidence of its necessity and its merits
now the company should receive the confidence of the
community and not be subjected embarrass ments in
their endeavors to out the provisions of the con-
tract.
IS~ Positively the most wonderful thing dis
covered in the nineteenth century is Professor WOODS
NIX TORATlNE 1t restores perfectly gray hair to its
original color, makes it the hald and will preserve
1t perfectly to if only used by the young twice
Week Dandr and disease cannot exist the scalp
this Is used See circular, and we defy doubt.
CAUrIoNBeware of worthless limitations several are
already in the market called by different Use none
unless the words professor Woods Hair Restorative Depot
St Louis Mo, and New York; blown in bottle
Sold by all Druggists and Patent Medicine Dealers Also by
all Fancy and Toilet Goods Dealers in the United States and
JOHN C. GIVEN, Chinamans Tea Store,
mhl62w 81 and 80 Baltimore street.