The Jersey City news. (Jersey City [N.J.]) 1889-1906, 1901-03-26
RAILWAY PROFITS.
Supplement Report Of State
Board of Assessors Puts
Dividends at S6l7-
$40.

The year 1900 seems to have been a
prosperous one for the street car COM
panies of New Jersey.
The supplemental report of the State
Board of Assessors, issued yesterday,
companies for the year ending December
81, 1900, amounted to s617, $40 as against
$14S, ,366.73 for the preceding year.
This means an increase in paid devl-
dends of $46s,57s.27, or. in other words.
more than five times the amount of
dividends paid in 1899.
The ggross receipts of these companies
for 1900 were $7,747,3S an increase of
s765, 1864 over those of 1899 The total
expenditures for 1900 were $3.50, 22461, an
in crease of $1S5,744.5S. These Figures
show that the receipts have increased by
a vastly greater ratio than the expendi-
tures and are particularly interesting in
view of the great trolley combinations
that have been effected throughout the
State during the past few years.
The Assessors report also embodies the
individual reports received from all the
cable, electric and horse railroads in the
State, containing a statement of their in
dividual transactions.
A tabulation of these shows that there
are III, ,44S miles of street car tracks in
New Jersey. The total issued capital
stock of the companies is $S0,875, $50 and
the paid-up capital stock is SIS, ,6S9, ,191
The funded debt of the companies is $685.
796, 600 and their other debts amount to
So, 366, 1885.
The cost of these railroads, including
aC1tipp,apt o7,1 apcac xuac 91d9 :
49d.
The report of the Trenton Street Rail-
way Company made to the State Board
by President Henry c. Moore shows that
the issued capital stock of the company
is s1O0O,O0O, which amount has actually
been paid in.
The funded debt is $1,752,oOo and the
other debts $22,469.s4, making total of
81, TIA, ,469. GA.
The cost of the railroad, including
equipment and appurtenances, was 81, 2,767, :
473.9
The expenditures for repairs during
the year and all expenditures for opera
ton, superintendent and management
were s2S9,641.79. The income for the year
was s314, ,651.09, of which $307, ,2S6.49 was
from passengers and $7,364.6O from other
sources.
The company paid $4,000 in dividends
last year.
1t has thirty-eight miles of tracks, To-
Gated in the city of Trenton and Law
renee Hamilton and Ewing townships.
This report includes the operations of the
Mercer County Traction Company, a
subsidiary concern of the Trenton Street
Railway Company.
Especial interest attaches to the re-
port of the State Board of Assessors, be-
cause it shows the amount which the To-
cal taxing districts will receive under the
Voorhees, franchise tax act Of 1900 This
act become operative for the first time
next October. 1t provides for franchise
tax of two per cent. on the gross earn
ings of al companies using public streets
or highways.
The tax is to be divided among the tax
ing districts through which the franchises
ars operated in proportion to the assessed
valuation of the company's property ac-
tuaIfy located in streets. roads or high
ways.
On the basis of the gross earnings OF
the street car companesi for 1900. this
years tax would amount to sl54, ,947.74.
The franchise tax Of the Trenton State
Railroad Company, from its report. will
| be Sc, 293, which will be divided between the
city and townships THE matter stated