The times. [volume] (Richmond, Va.) 1890-1903, 1898-04-10

the q e75 Maid for gas and water. both
NJ which items went TO the credit OF the
taxpayers OF the city Including 1hese
items. the total profit for the year 10 the
credit OF the city was Si.S6O on capltal
outlay OF sos7 500. This surplus OF Sol' 20
was applied az 20 $50 395 In payment OF III.
terest on capital and the proportion OF
the sinking fund necessary 10 extlnsllsh
the capital debt In the time FORCED py
Parliament for its redemption. as TO
x1se1 in adding TO the depreciation fund
now being built up to provide for recon-
struction when required and the balance
~ Z, Sqo was carried forward. There has
already been accumulated towards the
repayment Of the capital Invested IN
the undertaking the sum Of 1880 Al
lowing for this accumulated fund, the
return from the working of the roads
therefore. last year was sufficient to pay
i'm January. 1883 the mrs. engine and car
was nut on the road. The growth OF
traffic traffic was continuous, and . 1891
n was found that the system OF cOnstruc-
tion was OF insufficient strength TO with
stand the wear and tear and Il was dccid-
ed IN reconstruct the road and this work
was COMPLETED I'm November lN3 The
cost OF this reconstruction al that time
was 1000 600 and the whole Of this was
charged 10 the revenue account. As
consequence OF this. the retu-
traffic were insufficient 10 meet the IN
tereet on the original capital OUTLAY ana
for the sinking fund and the undertaking
had for several years 10 receive ass 81
.,co from the taxes. This was granted
10 the extent altogether Of S-J6l90. The
total capitaI outlay on the roads ana
eouipment exclusive OF the cost OF recon-
struction which has been. 20 March. 1891
,qO5 900 and which has come wholly out
NJ reyanue) has been $Cs1500. In the year
ending the 3lst March. 1877. the total re-
GENTS from traffic. permits, &c vas
sli5255. The total cost Of operation FOR
The wear including $500 paid 20 the
municipal authorities for city taxes ana
HC15 paid 60 the same authorities Tor
water and gas supplied from the CITY
works. was 500 go; thus showing a pro0t
10 per cent interest on the balance OF
the capital still invested In the undertak-
ing. This surely does not speak badly for
the management Of the undertaking and
refutos the contention of Mr.. Porter that
"Huddersfeld in lament1ble EFFORTS 20 es-
tablieb municinaIlv-operate ted railways has
n1uddled away s30CGl3 IN deficits and has
500 600 invested In twenty-five miles of
track" II ought 20 be stated also that
the Huddersfeli street railroads are not
worked on Sunday al al and therefore 2
DAVIS tr1ftc every Wftk. Wnl'N IN iN'S
country Is often the best Of the whole
week. IS entirely lost 10 the road This
however Is IN conformity with the OK
, pressed wish 81 the taNDavers. who prefer
10 sacrifice something rather than violate
the sanctitv of tho Sabbath. The munic-
inal authorities and. therefore. the tax
payers also. derive = further benefit from
the roads which does not appear IN Tho
accounts RS thcv utilize the tracks FOR
/ hauling cars loaded with street ga~b' 70
3 and refuse during tho nirht 20 the d'rnns
and Instructors. thus saving considcra-
, bic sum every year i'm Horse Dowor and
/ labor. The cars are also fitted with letter
I boxes and bv Arrangement w''h che most
/ master-reneral these are cleared every
/ hour ard on avor-~e % 90 60 letters ner
I month are COLLECTED from tNer 'hu'
! showing tho a0preo'o''o ~ the nublic y
] th's convenience with such raert''s ~
! e. med n the-o she tav0ava~s - TTuS7e-s
} field q 20 not likelv 20 oc~o-t NJ Po-.a-'.
] conclusion tFat their r~u-i-inrl ar+h~-'.
{ tiee arA NO. ft - b. e1t~re.a4 --i.h 49,
/ vo-tir~ and management 81 th-i- street
I railroads Y 2. y CKSON.
/ Richmond. Va. April 1st. 1898