The Providence news. (Providence [R.I.]) 1891-1906, 1903-02-11
Gross Receipts Of Rhode Island
Company Increased.
OLD ARGUMENTS REFUTED
For Last Six Months Of 1902 Earnings
Were Greater by s25,2O3.02 Than for
Corresponding Period Of 1901.

The statement made by the Rhode ISL
and company of the amount OF business
done by ths company for the six months
comprising the last two quarters or lsoz.
20 the city treasurer of Providence as re-
Quired by law. show that instead OF cut
ting the receipts Of the company In two'
as was at first claimed OF the transfer
law. II has actually resulted in a consid-
cradle increase, as the figures snow the
gross receipts for the past six months 10
have been more than $4,000 In excess or
che corresponding period of 1901, notwith-
standing the fact that the transfer law
was In operation in all but 10 days OF this
time.
The transfer law went into effect July
10.
The reports TO the city are made quar-
terly, and the estimated amount or gross
earnings of the city is In the same pro-
portion to the whole gross earnings or the
company SIS the number of miles of track
included In the city Is TO the whole num-
ber Of miles OF track owned by the COM
pany That is. while, according 10 the
last report, there was I0.S5 miles OF track
IN Providence. the company owns lSl'ls
miles of track. the remainder being dlvlo-
cd among the outlying towns. 80 the
proportion OF the gross earnings paid TO
the city Is In accordance with the num-
ber OF miles OF track within the city lin
its as compared with the whole mileage
OF the company
A different rate is paid to the city for
that district recently annexed from the
town Of Johnston. since the franchise
made by the company with that town
still holds good. This rate is one-half OF
one per cent
Separate returns are also made for that
portion OF the Rhode Island company
territory formerly operated by the Provi-
dence Cable Tramway company. since the
franchise was granted to that company
before its absorption by the Union Rail
road company. The statements show that
the gross earnings of the Rhode lslano
company during the six months ending
Dec 81, 1901, were N.17479s.73. while Tor
the six months ending Dec, 81. 1907. they
were 81 200. .0O2 S.. or s25.2Gss, more than
for the same period of the preceding year.
The following statements show what
revenue the city has derived from this
aource as well as what the gross earn
ings have been for each three months:
For the quarter ending Sept. 80. 1901:
Gross earnings s..............s 642,34e 30
r,sid to city for city of Prov. 1895 %
Paid to city for annexed district 70 10
Paid 20 city OF Providence
Gable Tramway Comm. S2l 60
Total revenue OF city.........s 1928 "a
For the quarter ending Dec. 81. 1901:
Gross earnings. ...................S oSZ'f4s %
Paid TO city for city OF Prov. 4.2S 60
Paid to city for annexed district IS 81
Paid to city for Providence
Gable Tramway Comm. S2 "
Total revenue Of city...... Is 93s 63
Total amount Of gross earnings
for six months. Nils Iss w
For quarter ending Sept 80. 1902:
Gross earnings. o4s.oSl ~
Paid to city for city OF Prov. 1851 90
Paid to city for annexed district 70 80
Paid to city for Providence
Cable Tramway Co............. so2 80
Total revenue OF city..........S B45s IL
For quarter ending Dec. 81. 1902:
Paid 20 city for city OF Prov. H,SU Is
Paid to city for annexed district 30 Sc
Paid to city for Providence
Cable Tramway Co............. $50 81
Total revenue OF city.......s 1859 0
Total amount OF gross earnings
for six months. ................ y, ,2O,oO2 o.