Street Railway Fares Their Relation to Length of Haul And Cost of Service Repo
Street Railway Fares Their Relation to Length of Haul And Cost of Service Repo
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As it has been the pretty general practice in this country, in the early days of street railroading, to issue larger amounts of stock than were actually paid for by investors, it is not unlikely that the $23, 400, 000 capital stock of the Cleve- land Electric Railway Co. Was partially inflation.
About the only criterion which we can apply today with any degree of safety is the test of total investment, or value, per revenue passenger, making due allowance for the effect of density of traffic. T...his may be done on the chart, Fig. 3, where the Cleveland investment is 13. 3 cts. Per revenue passenger, at 6. 87 revenue passengers per car-mile. It falls low down, but within the curves which were drawn in to represent the "ordinary" range of investment per revenue passenger.
As matters stand today, the difference due to the cutting down of the value of the old stock makes only a trifling difference in 100 STREET RAILWAY FARES the fares. If we assume that the actual loss to the old stock- holders was $27 per share on 234, 000 shares, and then assume that this loss of 234, 000 X $27, or $6, 318, 000, was to be put back into the present capitalization, the addition to dividend require- ments at 6 per cent, would only impose an added charge of 0.
What to read after Street Railway Fares Their Relation to Length of Haul And Cost of Service Repo?
You can find similar books in the "Read Also" column, or choose other free books by Dugald C Dugald Caleb Jackson to read onlineMoreLess
To quickly assess the difficulty of the text, read a short excerpt:
As it has been the pretty general practice in this country, in the early days of street railroading, to issue larger amounts of stock than were actually paid for by investors, it is not unlikely that the $23, 400, 000 capital stock of the Cleve- land Electric Railway Co. Was partially inflation.
About the only criterion which we can apply today with any degree of safety is the test of total investment, or value, per revenue passenger, making due allowance for the effect of density of traffic. T...his may be done on the chart, Fig. 3, where the Cleveland investment is 13. 3 cts. Per revenue passenger, at 6. 87 revenue passengers per car-mile. It falls low down, but within the curves which were drawn in to represent the "ordinary" range of investment per revenue passenger.
As matters stand today, the difference due to the cutting down of the value of the old stock makes only a trifling difference in 100 STREET RAILWAY FARES the fares. If we assume that the actual loss to the old stock- holders was $27 per share on 234, 000 shares, and then assume that this loss of 234, 000 X $27, or $6, 318, 000, was to be put back into the present capitalization, the addition to dividend require- ments at 6 per cent, would only impose an added charge of 0.
What to read after Street Railway Fares Their Relation to Length of Haul And Cost of Service Repo?
You can find similar books in the "Read Also" column, or choose other free books by Dugald C Dugald Caleb Jackson to read onlineMoreLess
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