New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1880-11-28


held is argument to show that making as nuch
We run n great n:any empty cars now. which were
Always crowded before the elevated r9ads pcs' , ,r
Al tue annual meeting, held few days ago Tue uu ,
terly dividend OF i've per cent declared. MAKING
twenty per cent per year and the net ptohs iol ' '
were announced as 100000
CONDITION or THE VANDERBILT SURFACE ROAD
George F. Bonney general manager OF the Fourth ana
Madison Avenue Line, said: We suffered good deal
first from the elevated roads. We lost great in")
passengers who came down by the trains at the Hrahu
Central Depot But since then we have been PICKING up
gradually, aud / think carry now very nearly rs
MANY passengers a. formerly. We have gained great
many in Mat.sonave and have now more there than we
mad before. The population i that section has in
erased ana that has brought us business. We have
been favored by prices OF feed and other articles
and ny economy have managed to make MP IN a great
medaur or what traVel We 81. u"n thIliS @ -
much dlhereuce between our earnings row any "
the prior To the running oi the elevated fo'd'
THE STATE OF AFFAIRS IN SIXTH AVENUE
Theron t. Butler, president OF the sixth Avenue Line
sad There is certainly very great difference IN our
business account OF the elevated roads We have
lost the great bulk of the people whom we formerly
red 10 and from business. Tie are run just the
same and they almost empty now
where they formerly crowded. Many people
have the false notion that we can save
by ccommodatIug or timetable to the number
o. passengers We carry We nave 10 run c1ts s ~
OFTEN before we lost the travel People VIII not wait
long ana II we DO not run orr cars ire
quentl, 1t viii soon become known and we viii lose
more passengers The ueople viii 20 where the ears are
run with frequency. Well have 90 run as N nv
cars. tAcy nave 10 MAKE as many T ps' We nav ~ -
many horses and they as much feed ana we nave
10 employ as many men As before the elevated Ioau
took paSse gers Therefore You see 1t = clear
loss macy passy ngers. OF course, we nave eeoho
We lave placed some one. horse cara on the roads.
which have saved money, and we have also pronted
by he reduced prices but the cost OIL articles Is 10"
nal dividend Did the road pay before the elevated
railroad wds Startedf'
About ten per cent, think
VAa div dends have yon declared since the elevated
We haven't declared any; we have been paving our
debts Tbi. year dividend OF about ten per cent VIII
"H,T can YOU pay he same dividend now you dId
before the Gle ,dtcd railroad took 50 much travel from
Because in reality we nave been feeding our horses
'li~ year Tor nothing. About a year ago houGht a
.oN price. iue expense was charged To as year &C.
counts ana We have PAID alwosL nolanS i4i ieeL yet
reduces orr expenses aIe consequently our earnings vi"
I.l'f your stock q1cte1 high now az ever # was g.
90 We'll INA only shows mat 10 Is good investment
We dome m That We are losing money, 0ut only STATE
tuat tie elevated roads nave taken FROM Us a
treat many passengers AM consequently money
We manage though 10 make good profit on
started carried over 10000 900 passengers; IN ISIS
tie number dropped T. about 100000, ana TINS year
may possibly reach IA 100000. although that may De
h gh estimate"
THE BROADWAY LINE PROSPEROUS.
lanes W Toshay. resident of the Broadway and
seventh Avenue Iucs sail street railroad stock ls
quoted al llsa figures because 1t is hard
To- Ct better paying investment Tho
ads are here in the city right under the eyes Of those
WHO invest their money AID who pretty sure 70 get
or per cont The elevated lines have injured the bus
ness probably ali The roads but think many of them
aye picking up gain. know regainng our Oil
travel very rapidly. We have not only retained I'll our
short riders nat the elevated roads nave brought us
A.
distance IN Broadway. We carry more passen;
e.r' now than we r dd TLtH lLe eltsa't a.
population, brought about il great part by the elevated
raro'ds W. nave ost pllhgpnIg our .Ti GER
tII e' rods vyrre started think mat olr book
viii show that THIS year have carried about 10 100000
passengers, ana think our average few yeas -" w,
nearly il Os0 600 passengers year We have ecouo-
z-d oi coursc on account Of tue decrease and have
rfereT rv 40 mudn rs most Of the other roads
Peoue have more money now thai they had
a 5or ' cSr fare M"re p@opi. 90 to the stores
IN Broadway snd they use our cars to 20 from one to
the other Thee great many people are employed now
non Of the eevat roads Tnls particu arly noticeable
III those mes winch through the poorer parts OF the
CITY. Ihaye noticed QUE seyenta-aye. line. We
have great many passengers by that line who cannot
afford % pay 10 cents fare
TALK WITH GEORGE LAW.
George Law president Of the Eighth aud Ninth Avenue
Lines was found in his office in FntE-ave. When asked
I ~
railroads he replied:
OF course they have, the same as all other lines.
Take the report Of the Eighth Avenue Line the year
before the elevated roads started aud
see Low much the travel has decreased since. Then
take the prices feed aud materials FOR The same year
and compare them with what we pay now; YOU VIII ma
bpt we are now paying about the same prices FOR every
tning az We paid before lost our passengcrs'
Bur aIc you not paying about the same dividends
now as b'f re =
d,n't know that We viii be able to pay ans diyi-
deud tLls wear When We foot up our books II may
show mat we canc'
well volr SO X is qu0ted high ever il was ana
there s none Of Tor sale. How do You account for
tnaiV .
tel ANYTHING about the quotations. But don't
Know yer that the elevated railroads Will
alwavs continue as they are now. whenever
railroad started IL Ia always expected that for the
first few wears the expenses wiii be low Everything IL
uop, tacu but in few years the ROAD begins 10 wear
ont A great zeal OF money i required to repair Il
surface road and IL l. gOnS 10 cost much more 10 keep
the elevated roads il repair. When the owners o; the
cIvrcd roads begin 10 spend their money IN that way
tie future OF The roads can be better determined.
THE BELT LINE FLOURSHING.
f. H. Garrison, observation-disclosures Of the Tenth Az
enur OF Belt Line said that the travel on mat road
was rs heavy now as at any time before the elevated
road were started The travel fell of at FIRST but
oo "a business began revive the number Of passen-
ors increased. They carried great many p3sacn&ers
~ fut eyated railroad stations III Fiy nipfh-st. He
thought road paving a. well now as ever IL WAS