Evening public ledger. (Philadelphia [Pa.]) 1914-1942, October 08, 1919, Night Extra Financial, Page 16, Image 16

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EVENING PUBLIC LEDGER-PHIUADELFHIA; WEDNESDAY, OCTOBER 8t 1019
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Seven-Cent Charge Restored
! talon nefones Request of Cities to Keep Fared
enls I'cndlng Action on zont Byoicm
lir- irtmt. Con. tfc. sil niuuv l cue!! !n ct-
nr In Inclilnn cUiutlra. !( Utd. for iniUnCf-
d tb. pplktion th.t on CMn5t t Itck of Ub la Jtn
Hillirty. Newark, otrj, Febrot Mid Mutsli, 1018, Mid
Its order of Sept. lb. ier. wTthr, only ibt etn wero
itol tbit tbe com fainted. In this connection tie tintru
Itg fr from 7 mtnegert tciuraon u raowa m iot
April 1. The d Icwi
j out lnl ttlpule' At i j... .,-,,, to oolni'
rf t-x1 tt 1 nfi Af trark nr nnk tNir which b4J
,.nt fn, th. flr.t h"h """d ' " " f
t fare went Into The decUlen point oo
!,j 3 board bat beretoforo crl
,, company because of It fall
Twos ItONTHS tft, . .uiBelent reeenn. 1
..t, l.'tn ramaln tlo)i. and Indicated In 1U1
ommljjlcn pastel July 18, 1318, tbe neceeilfl
iratem of faret. proper maintenance and r
b tba rallwar by railway by mtintainlnaM can
B- asss?
"ajHWe,;, f tb,,
"W1 c
TM.tnur.M of tbe .TIofltnn.fMm.i eiflng to loai of ftuinftn. Vpttr tbo
delicti 8-cent fare tbere wai In December a
I
Higher Fare Stems Tide I
nistnp; Cost la Cleveland Stoppea by FraneMM.Amendraent-
uiiereai c ana in uun hum oi iib starts SlOwly Up
7. oqUUndl'nj TOln't of tba expe. caah fare, aenn tlclceto tot 85 cente.
rleneea of tbe Cleveland (Ohio) Railway lent traniftr, 1-oent rebate) wo. In'
for tb. calendar year 118 wa. lu final .tailed. After'." ay.- w'.lTt
Ktocceas In securing m fare .wbleh r rai ba Ia o. -.t -ii. r? ?m ,.
wiwdlb.tclidencyoftiolnUfertfund eaih fare, a.rea -Ucketor M-eent.,
to disappear la fia faos of hlcher co.ta 1-oent traiufer, ro rebate),' Tbe -.ob-of
operation, Tbe .Intereat ' ' nt ).. ).... i.'i. i.
.""Jllliai'' i"" l WiiUted an amendment to tb.
I 1 f rrant ta-Bah4,ll .lilt M,),.
and on Aur..,rate ! (S enU
-r-, et iicitte ior It cent., 1.
i fanaf.r, no. rebate) becaaia ef-
.no rirtC9 I I Thli to U .UiroMd. Tb.'
T ? S88 VlU1-0 1llon ot t oendment la effectlr. until ill
17flTCB''U' . th JlVa l ow V th ndoftbe war. Wben.
" . . P Cetrt oi ",(.reao ,i r rona exeeU J700,0o0, tbe
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n 5'.v. !. " ".' Taddin,..V1:LrtacJMl
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KTVtl -- . 1IIUW- . tt-cniiv -! loei - . a
on f los of netrly 18 per cent In trfiTel.
I mn- From natural Increwe (o builncis And
10- from returning patronage that pr
lel centast.has cradualty dEmlnUhed until
h tb In May tb lo wu reduced to 0 per
ol of cent.
l..a Th f r71ty Wrtt lejej eiw-o.
Mor
More than 400 Cities have
Swept Prejudice Aside
Some facts worth
remembering ,
THE electric railways carry more than
ii billion 'passengers every year
more than loo rides for each man, woman
and child in the nation.
More than six -billions of the savings of
the American people are invested in them.
The -total electric car trackage of the
country is 48,484. miles; there are about
100,000 electric railway cars. ,
Only 2,419 new cars were ordered in
1918; even in the panic .year ,of iQfi7 the
number was 6,216.
29 companies operating 2,107 miles of
track went into receivers' hands in ,1918.
More than 400 American cities have,
faced these facts frankly and done the
square business-like thing.
The Electric Railway' Journal believc9
that the fairness of the American people
can be trusted to act with equal justice
elsewhere, in the interests of the square
deal and of better business for everybody.
, fr.Mni.'llV" "
And have settled the Electric Railwayiprohlem on a clean-cut business basis
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w"T)EOPLE talk about vested interests,"
j said LloydGeorge."Itis not the vested
interests I am afraid of, it is the vested
prejudices. We must sweep aside prejudices".
Most of us are prejudiced on the ques
tion of car fares. We have always paid a
nickel, and we find it hard to believe that
we ought to pay more.
The whole problem of our relation to
the electric railways and their relation to
the prosperity of the nation is under- dis
cussion this week at the convention of the
American Electric Railway Association in
Atlantic City.
r
Look through the eyes of The Electric
Railway Journal
ECAUSE the McGraw-Hill'.Company
is in a position to know all the facts
it is publishing this-advertisement.
One of the ten McGraw-Hill publica
tions' is the Electric Railway Journal, which
sees the street railway situation nationally
and has for more than a quarter of a cen
tury been an influence for progress in its
field.
Its voice, is independent. It has spoken
frankly against certain street car companies
when they were wrong; and it stands just
as frankly -and firmly for them -when. they
arerright. "
And' in their need for an increased fare the
street car companies are right. The best proof
of that fact is that more than 400 cities have
examined the question carefully and have
voluntarily granted increases.
A nickel is less than' 2 cents as
compared with 1896
A NICKEL is a' nickel no longer. As Professor
Irving Fisher of Yale recently pointed out it
will buy only half as much as in 1 9 1 4; only one third
as much as in 1896. $
Soon the basis of 1896 the street railways are real
ly receiving less than two cents a passenger today.
No- wonder that more companies went into receiv
ers hands last year than in any one of the preceding
ten year's.
No wonder that fewer new cars were purchased last
year; and that less new track was laid.
For no amount of economy, no amount of finan
cial or engineering genius can make two cents do
the work of five.
0
You are one of the owners of the
Street Railways
ND here is another thing worth remembering.
JLx. More, than 6 billion dollars are invested in the
electric railways of America. And all of us are among
the investors.
We may think that we own no electric railway
stocks or bonds; but as a matter of fact we do.
The savings banks have invested a large part of
our savings in dectric railway bonds; the life insurance
companies which must protect our families after we
are gone depend upon the interest on those bonds for
part of their income.
Whether we like it or not, the fact remains that
the security and prosperity of the electric railways in
timately affect the security "and prosperity of every
one of us. We win or lose with them. ,
For the sake of fair play and
better business
THIS is" not ' a "pessimistic advertisement, but an
optimistic one.
It is published in appreciation of the more than 400
American'citics that have swept prejudice aside arid
settled the street car problem on a clean-cut business
like basis.
' By-their action those cities have helped American
business everywhere. They have made.it possible1 for
their electric railways to place orders for hundreds of
millions of dollars worth of new equipment; and to
extend their lines farther into the country.
Orders for new equipment 'mean better business
for scores of industries. New lines extended into the
country mean less congestion and the building of new
homes.
The Electric Railway Journal welcomes this evi
dence of clear thinking and unprejudiced action. It
believes whole-heartedly that hundreds of cities that
have not yet taken such action will shortly do so.
For the electric railways are the-great arteries of
our city life. In their prosperity business prospers;
and no business man can allow them to be permanently
injured without endangering his own interests also.
McGRAW-HILL COMPANY
INCORPORATED
JAMES H. McGRAW, President
London New York San Francisco
Washington, D. C. Cleveland Buenos Aires
Philadelphia Chicago
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