The times dispatch. [volume] (Richmond, Va.) 1903-1914, 1903-07-09
GROWTH OF
TROLLEYS
increase In Values from 1890
to 1902 Greatest Known.
81. 1903, 100000 is INVESTED
Number Of Miles Operated by The
Country's e87 Corporations is
22,576-Pennsylvania Has 80
Companies-Dividends.
tspecia, to Tho es.plspa,ch.,

(Spccial to Tho Times Dlspatrh.l
WASHINGTON, July S.--The Census
Bureau, In It's bulletin on street railroads
shows probably the most extensive in
crease of values known in any period Of
development In any ono line Of industries.
From S123 miles of single track mileage
In 1880 there has been an increase 10
2,57G miles In 1902. This embraces all but
twenty-five roads In the country; these
failed to reply TO the request for informa-
ton. There are ST. operating roads and
1C leased lines, making In all oS7 COM
panies. The capitalization and funded
Gebt of all the roads in the country Is
RScs, 100000. The average capital per
mile Is s96.2s7.
The total income for all roads was. last
year, 300 900. and the expenses s2l9.-
10000 There are $4,000 wage-earners en-
royed by tho street railroads. and they
received last year In wages Ss0,IOo0V.
There were 7.12S salarled officers and
clerks, and they received in salaries 81
1900. The roads carried 5.soO.0OOOo pas
rengcrs during the year. The single track
mileage In electrics In ten years Increased
from 1,261 to q 800 miles. Horse roads de-
creased from 1851 10 259 miles; cable,
from 4ss to $40 miles, and steam street
railroads decreased from III to nine miles.
In 1890 there were but eight companies
operating over fifty miles OF track; now
there are sixty-nine. In the case Of 2'2
companies, electricity is generated for
electric lighting and power purposes.
GOOD DIVIDEND PAYERS.
The statistics in regard to the earnings
of electric roads show that they are among
The best investments in the country.
or the total amount reported as paid In
dividends. s2s.737,ss7 was paid on common
stock. the total par value OF which was
sjs2, 7oo.2s1. This represents an average
rate OF 81 per cent. on such stock Tor all
companies paying dividends. The total
amount paid on preferred stock, $i,SOl.2S4,
is an average Of 81 per cent on the sSi-
9a1.o55 OF stock on which dividends were
raid. There were 1924, 1880 of common
and s42. a36,124 Of preferred stock on which
no dividends were paid. In preparing the
income account and balance sheet the
majority Of companies charged the Inter-
est on funded debt outstanding as paid.
The total amount of interest was si3.51s-
esl. equal to 439 per cent. on the total
amount ssa2,70e.139 Of funded debt out
standing.
The report shows that there are in
the State OF New York ninsty-six street
railroad companies, operating 2,aol
miles Of track. with an authorized capt.
tai stock Of ssoo.451So5 and an issued
capital stock Of 276.205.sTc, and fund
ed debt ri s252,92o,373. The average
capital liability per mile for New York
roads is sl77.532.' The longest line In
the Stale is. the BroOklSOl 4ttPld Ifullslt'
with 319 miles, including sixty-seven
miles al elevated. The Brooklyc City
Railroad, as lessor, controls 201 mics.
THE aIANHATTAN SYSTEM.
The showing for the ,Afanhattan sys-
TEN covers twelve roads. the Interur-
ban metropolitan Street Railway Com
pany). Metropolitan Street Railway
Company dessor), Blocker Street and
Fulton Ferry Uessor), Broadway and
Seventh Avenue Railway Company
tlcssor). Central Park and North and
East River Railway Company Gessor).
Eighth Avenue dcssor), Forty-seeond
Street and Grand Street Ferry Railway
Company 0essor), New York and Har-
lem Getty Line) Railroad Company
lessor). Ninth Avenue Nessor), Second
Avenue 0essor). Sixth Avenue nessorl.
and Twenty-third Street uessor). The
roads show a capital liability per mile OF
:494.39e.
Pennsylvania has ninety-eight street
railway companies. with ISIS miles ope-
rated. an authorized capital stock OF
s235,711 600 and issued capital stock OF
s2l1.72s, 900, and funded debt OF SIS.
b6370o. The capital liability per milo
for Pennsylvania street railways is
slO3,2s7. But one company In the State
owns over 100 miles. This Is the United
Traction Company. OF Plttsburg. with
1857 miles. The Philadelphia system
embraces thirty-nne different COM
panies. whose capital liability per milo
1s sl71,I64. The total mileage OF track
operated by this system is 424.