The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1876-02-18

on the stock and there would stin remain very re-
spectacle amount Of surplus, which would De con,
stantly increasing TO meet current expenses IL VIII
be further that the interest and dividends which
ID reported were paid very nearly equal the wages
OF conductors and drivers The excess OF gross re-
cepts over all expenses exclusive OF interest and dV-
dends Tor 1875 was $605, 226-rather handsome re-
turn for an actual investment not really exceeding
total OF 81 $50 600 considerable portion of which
was used Tor the purchase Of real estate which grows
year after year more valuable How idle II Is, then,
70 tax VI threetenths OF cent profit on each ARE
mere corporation land the other street car com
panes are about the same IN regard TO remunerat-
ing stockhoders that declares while realizing
~ c.nno, asTord Pun. ol Menly per oehs ,s ma
the law requires dumb beasts to be conveyed rail-
roads, because they fear dminution in their gains,
and tDen raise the cry that II they compelled 10
serve the public their grants and charters require
they will be compelled 10 the wages Of the
in their employ, and that they 1.-THE conductors and
keep in existence the odous system OF overcrowdng
Is easily It will be observed answered The paid
the class OF men referred TO- stated before, only
onenfth OF the entire receipts and II retrenchment
were necessary In order TO still keep up dividends
OF nineteen or twenty per cent other quarters might
and could be found In which to practise retrenchment
But it is very likely that in view Of the here
stated when the Assembly Committee on Rail
roads come 70 listen TO arguments in favor OF contnu
ing overcrowdng the reduction Of pay OF employees
VIII hardly be used TO influence their judgment II is
too thin.
THE DAY-ovRRcRowDNG.
week or ten days ago one or two OF the ompanes
put on few additional cars TO accommodate TO some
OAcnt pressure OF tfaVel curing the morn
ing and evening" but tho effort proved to be OF rather
spasmodc and insincere character, for return to
the ola system has since taken place That there is
intention OF giving up the system OF overcrowding may
be inferred from the fact that and exceedingly
acting rules for the guidance OF conductors have just
been introduced and put in force They obliged to
take solemn oath before officer OF the company.
aconditton OF obtaining being retained employ
ment to collect fare from every riding the
excepting such as have passes, and in like
manner TO pledge themselves to a faithful
performance OF their duties, the meaning Of
said performance of duties being defined solely
TO collect all money possible from the passengers
and TO pay the same, without the deduction OF cent
into the hands of the proper parties at the depots AS
further security the conductors have TO place de
post OF $25 with the companies (which they retain with
out paying interest the same and the latter are by
the terms OF agreement entitled TO retain the whole
any part OF this sum II they find any reason from re-
ports of detectives spoilers to suspect dishonesty
dsobedience careessness ncompetency on the part
of conductors in regard TO the collection OF fares ire
spectVe entirely Of the number of passengers that
be accommodated in any reasonable manner on the
vehicles In short the spirit OF these regulations is
to encourage overcrowdng to Che greatest possible
tent