The Annalist; A Magazine of Finance, Commerce and Economics Volume 4

The Annalist; A Magazine of Finance, Commerce and Economics Volume 4

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This historic book may have numerous typos and missing text. Purchasers can download a free scanned copy of the original book (without typos) from the publisher. Not indexed. Not illustrated. 1914 edition. Excerpt: ...arranging their acounts to show the cost of passenger traffic. In support of this opinion the acquiescence of the people of Nw England in advances in passengar rates by the New Haven was cited. SHOULD BEAR ITS COST The commission is evidently of the opinion that the burden of the costly passenger terminals now in vogue should be borne entirely by the passenger revenues. Speaking of the two magnificent stations in New York City, the commission said: Another cause which has depressed the ratio of revenue to investment in recent years is the increasing proportion of investment in property which, although used in transportation and acquired in response to a public demand for better service, is relatively unproductive under present practices. The construction of expensive terminal facilities in the large cities, while adding to the value of.the service rendered, has not yielded proportionate returns in revenue. The greater part of these expenditures has been for the immediate benefit of the passenger service. For instance, the Pennsylvania Station in New York has involved the expenditure to date of about $114,000,000, and with respect to the new passenger station of the New York Central, it was said that " when its passenger improvements are completed the company will have expended in that betterment $82,000,000, nearly one-half the capitalization of that magnificent property, the Lake Shore & Michigan Southern Railway." The Interstate Commerce Commission, in its tentative form of annual report for the fiscal year ending June 30, 1915, has included blank columns which, at the option of the railroad company, may be used to show a division between expenses incurred in passenger and freight service. However, it is not incumbent upon the...show more

Product details

  • Paperback | 762 pages
  • 189 x 246 x 39mm | 1,334g
  • Rarebooksclub.com
  • Miami Fl, United States
  • English
  • black & white illustrations
  • 1236533046
  • 9781236533043