The New York herald., 1876-11-26
CHEAP CABS.

The projectors OF the cheap cab system, known as
the New York Cab Company, Limited oer the follow
ng explain ations to the public with regard to their
plan Of operations II will be read with interest not
only by those financially interested such Matters
but by the public at large.
HOW FIRST HUNDRED FIFTY THOUSAND
BR EXPENDED
To build stable to hold $50 cabs, 44O horses put
up a mill for grinding feed, building elevators and
attaching steam power complete, purchase 44O horses
$50 cabs, harness Tor same uniform for drivers and
have the outfit complete, and have sufficient stock
the establishment and put $50 cabs ut work
II Is estimated that each cab VIII earn average OF
81 per day over all expenses, which would DO So, 900
q month (of twcnty-sx days., or $40, 500 per annum
onc-haf Of the capital stock
The expenditure OF $3.50. 600 more will give add-
ton OF 200 cabs, with the necessary number Of horses
ana outfit complete. Tho addition OF 200 cabs at tho
same rate OF earnings, would give q net result OF
The estimates for expenses cover cvcrything-wear
and tear, supcrintendence, ground rent &c. sub
scriber will only get his per cent coupons
but number OF cabs be increased from year 10
year from surplus earnings until the stock will have
great value as cab stock has in Paris, London and
other Continental cities.
1t will undoubtedly be the policy OF the company,
after having arranged for Inc building, &c, OF 150
cabs purchase from owners OF cabs their and
horses pay for the same in stock casb, and
poy the drivers, If men Of good character and who
will comply with the rules Of the company. BY dong
they will remove opposition and give deserving
owners OF single cabs steady employment and op-
portuny to participate in the profits OF the company.
An instrument can be obtained by this company TO
attach each cab which will register during the day
the number Of rides the time occupied and report
when cab returns the stable automaticay. the
amount tho driver must account for This will be an
ccctua check upon drivers attempting TO return less
than the cab actually earns
The system OF controlling and moving cabs has been
perfected and will be in connection with tho American
District Telegraph Company. This company have
twenty Hvo district offices now established IN the city,
and II Is intended TO connect the office the Cab
Company with each Office Of the American District
Telegraph Company, so that direction be gwen
the manager Of ench stand oil the Cab Company. A
system OF signals will give the superintendent know
edge OF the number OF cabs each stand any
mcnt he may desire during the day night, and he
by this means direct the movement OF cabs any
point required.
Arrangements will be made with the American Dis
trct Telegraph Company 10 enable any of their sub
scribcrs to calka cab al any moment to Their dwelling
or Office The fare will uniform--twenty- =
Ave cents for course not occupying than fifteen
minutes time; fifty cents Tor course occupying more
than fifteen and not more than thirty minutes, and
sevcnty-fve cents for course occupying thirty
minutes and not one hour, ana the rate for
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