Memphis daily appeal. [volume] (Memphis, Tenn.) 1847-1886, 1868-01-08

/ half. Passengers were carried per hun.
I drea miles, first class at the rate Of two
shiilings and three pence (54 cents), sec
oud class one shilling and six pence C3t
eents).
In this case the chairman stated that
/ the company lost nothing by the change
ia fares; they paid the same dividends,
and were well satisfied TO 20 on. Yet
these roads were charging on one part OF
their lines ten times as much as ON the
other parts, and on those parts where
they were carrying lowest their profits
amounted 20 about 80 per cent. in the
cost Of conveyance Of each train.
The Edinburgh and Glasgow and the
Caledonian companies, in consequence
Of dispute, reduced their fares 70 about
One-eighth Of the ordinary charges, from
8, 9 aud 4 shillings to ls. Sd, aud 90.
The Edinburgh paid one per cent. per
anaum less to their shareholders; aud
the less To the Caledonian was calculated
&C something less than One-hRif per cent.
on theirs. These fares were by al trains
The charge per hundred miles wss, first
class ,. 81. (54 cents, second Is. %. (42
cents, third Is. 81. rs ceuts).
IF we put into tabular form the origi-
mai fares, the reduced fares and the loss
OF PrOhts incurred by the reduction Of the
dividends viii show thus:
ORIGINAL FARts, RErURS TICKETS.
London & Northwestsr srn .....I4 40 > 90 - So
Great Northern .....-........... IA 80 . 90 - IlO
southeastern. H.....................2 , 50 ~ - lS4
Edinburgh aud Glasssw.-... " a " %
Caiedo -H.......................-l " "a - %
REDU ED FARES, RETURN TIcxET.
ii 1fs 5'r 5cS p
London & Sortbwesiern.i 81 / 20 @242 :.
Great Northern ..............l 40 20 -- 80 y
Sou IA '5,eru..--.-....-..---.... y a --
edinburgh aoa Oia-g.w. "A Is = 81
CaleIonlan lan..,......--.-.-........ "a I5 IL 30 =
We have now before us the result, il.
a financial point Of view, Of very high,
moderate, low, aud extremely low,
prices; and we find that IL makes com
parativeiy but very little difference IN
the annual dividends, not exceeding in
any case one per cent, whether they
charge one farthing a mile for first class
passengers, or fourteen farJhiugs - the
Two extremes; and the others are ia the
same proportion. II however happens,
that although the difference in profit is
not great, fourteen lartIiugs would in
variably pay better than one; and as the
have no legal obligation 10
CONSIDER any thing but their own Interest,
and, as 10 would increase the labor Of
their manager, they would adopt the
il they have no other choice. The
mOGOpylist, having no fear of compe.
ution, has only 10 consider what rate
pays him best, and adopt that rate ac-
cordiugly.
Thus Iar for passengers. When used
only for 1reIghts the results ere equally
Mr.. Gslt says: What could be more
% the puoic tnnu 20 hear
the chairman Of Tie Northwestern Rail. !
road iu.Orm his shareholders that the /.
cost Of cOal at the puts mouth was Is, I.
lud the carriage % London being ~ .
uach n ton, they could deliver it at such /
4 price, which would leave good profit. /
Now, The chairmsn never give these Ge-
ails, but seem totally unable 20 com pre-
lend ANY question pat for the purp sc Of .
iiictiug such information. Tle.e are
eCret5 II every trade, aud railway III
eGtOrs naturally wish 20 Keep al IufJr-
nation from The pGJI. JnaJ mlgnJ raise
popular Outcry against them. What Is
D4Jeut is the enormous loss the uaIOu
usJalEs, go long as the present system
continues"
" We have, however" he adds, one
ase, and one case UHly, on record, in
gnich the caairmau OF railway COM
any entered fully into the matter, CIV
ng the most minute details Of exp=udi-
ure thereby showing Tie actual cost Of
Uuyeyance Of coal, per tOu, 10 the me-
rOpOiis, and Incidentally 10 any other
lace. An cutlery was made Dy Une
narshoideTs Oi the Eastern Counties
hallway, against their chairman iUr car
ying cal ~ rates that did not pay Ia
nswer to Tie charges As gave tic fol-
owing minute detail Of expenditure
gned by the traffic manager;
Mr. GJCch's report: " Tins traffic is
,orksd in full trains. Zach Jraiu con.
aims not less than thirty wagons, at 81
Jns each, $50 tons net load for whicn
be sum paid by the contractor Is S57d
er mile, Or about penny per J0p. The
ost 10 the company Is 2s fJllOws
it. Locomotive g6sd