W. R. Carr
Published: 2016-12-04
Total Pages: 684
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Excerpt from Electrical News, 1919, Vol. 28: Generation, Transmission and Application of Electricity In arriving at an estimate for an initial rate of fare, an analysis was made of the finances of the 'company for five years prior to December 31, 1917, and for 17 months ending May 31, 1918. It was evident from the figures that any com parison with the pre - war period, such as would be taken under ordinary circumstances, would be of little value, since the abnormal situation 'is due to the entry Of this country into the war, and it was the war conditions which must be met. In 1917, taken as a whole there was an increase in the number of revenue passengers. However, an analysis by months showed these figures to be misleading. In the early part of the year pass'enger revenue showed a decided upward tendency until September. From that time there was a fall ing Off apparently coincident with the leaving of the selects for cantonments and the call for labor at the shipyards and other large governmental industries: Operating expenses showed an upward tendency due to the rapid rise in the cost of material and supplies, especially coal, which 'became much more marked in the last four months. In April, 1918, the company found it expedient and desirable to make an in crease of two cents per hour to its employes under contract and a similar increase to all other employes. It will be seen, therefore, that'hot only were conditions in 1917 so entirely different from the pre-war period as to be practically incomparable, but these were further changed in many' respects during the present year, so that further additional increases were necessary. The, company had taken the years 1916'and 1917 as a basis in arriving at estimates for the present time. It was believed, however. That the first five months of 1917 and 1918 would furnish a more reliable guide and comparisons were made with these periods in two ways. About the Publisher Forgotten Books publishes hundreds of thousands of rare and classic books. Find more at www.forgottenbooks.com This book is a reproduction of an important historical work. Forgotten Books uses state-of-the-art technology to digitally reconstruct the work, preserving the original format whilst repairing imperfections present in the aged copy. In rare cases, an imperfection in the original, such as a blemish or missing page, may be replicated in our edition. We do, however, repair the vast majority of imperfections successfully; any imperfections that remain are intentionally left to preserve the state of such historical works.
