New-York tribune., 1896-09-02
THE TREASURER or THE KINGS COUNTY
ELEVATED ROAD TALKS OF
IT'S TROUBLE
OTHER cAr.Srs wlncH LED vP 10 TuE EE'Iiv-
ERSHIP- GENERAL J"lRDNN GkIIlN'
AFFAIRS ISTO SHAPE.

AFFAIRS INTO SHAPE.
"a definite course ~ procedure has been
manned out by General Jourdan. tho receive,
Of the Kings County Elevated Railroad Com
panv. II is sure however. that the General VIII
do all in his power To- Get 'hincs into ~ u shdi'
that the true puslilo pf the COM 'ant may h"
known 10 the publi, a. -oon rs possible. fn'
movement IL is said. Is only a teinporar, one.
TIL. sfockhold.rs Will come together and decide
on VI hat plan 10 adopt "a order To i"sum" ih'i
corporate cxi-t.nce. III" treasurer. Mr Fr"tn-
ingham spoke fiocly yesterday as 10 III" 'ais'-
which have resulted in inc Temporary 'wb"r-
rassment Of the road.
our troubles first began when the tr"ll-s sys-
ten began TO be- cyclop,-i extensively Though
out the city This trouble has been constantly
growing and AT This tine. together "ilh la"
general financial condition of the country. winch
hag affected our securiti C. has carried IL down.
The financial troubles vhioh have affected th'
whole country in all cla Sscs alike have shown
themselves in our rip.s Economic. w'r,
pract iscd 10y every one IN al directions. Many
people who formerly rot~ have walked To- a.'d
from their work. This lone would hav" affect
ed our receipts regularly. even had the troiie,
roads not come into competition with u. The
delay in opening our Brighton Beach and Jama-
ca connections has also hampcred US ,rcatly
I'm getting ready access t. a great deal of traffic.
The Brighton Beach ,oii was planned three
wears ago. The number g: people We haze car
ried since this line was opened two weeks ago
has been enough TO satisfy us that this road
would have been profit able pne throughout the
summer.
at the end Of our l:nc. the Long Island Elcc-
tric Railroad, thirty miles in lei 9Th. which
VIII cover Jamaica, Hampstead and surround
ing towns is in process Of erection Part Of IT
has been completed as far Jamaica. but II
is only a small part OF the system. The failiir"
to make arrangements for Bridge connection.
to which our charter entities us and the right
To run the ears 20 Ncw-Nork. have also been
great causes for tie weakening of our road
rhc Kings County Elevated road was opened
i'm 1888 Until 1S.H we earned more than our
fixed charges. S,rcc that time thc trolley mas
cut into our receipts. Everything possible has
been done to practise economy In the TCnninG"N <
n.nsos Of the Ioad. The salaries of the officials
and EMPLOYS have been lowered. hut "" have
not allowed the road to ruh down. To-day Inc
roadrcd Is sound. and the rolling stock Is III
cnlerdid share During the trolley strike in
1893 our ,lafic was largely increased. go thai
The fiscal year ending July J. 1S9J. We ran be
hind only $4,000. Tho first year at'er 'ne 'i"l
lcv came I'm we lost Sl2O.Nu. In the year just
ended the loss Sp;,nW. Tn" course OF
procedure which We have taken seems I" he the
only ono which was left open. When our country
connections are open our traffic 90 rnrt fhi. 10
increase The West Brighton extension whch
fans the new and growing Flaibu1h District Is
eurc to uroyc n good sOnrc" OF revenue. Ihe
cu,,rccr traffic canno; he relied on but suhur-
han traffic Is always steady. We DO not lh'cni
In opposc the trolley. ~ such a c"ulHc would
ho useless The step which the Brooklyn flc-
waited Railroad Company took year ago III III
nas,no tho wages Of its employees Was directly
foIt by us and added nearly S',WW m"hlh 10
our cXpensC account