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Cr.

TREASURER'S REPORT-CONTINUED.

Dr.

Brought forward..

$6,829 16

I.

25 00

20 00

2.

Brought forward.

$6,132 16
September 29. Quincy Horse R. R. and Carrying Co..

25 00
Second and Third St. Pass. Ry. Co., Phila-
delphia

25 00
October Pavonia Horse R. R., Jersey City.
Canton St. Ry. Co..

25 00
Saginaw Union St. Ry. Co..

25 00
Citizens' St. R. R. Co., Springfield, O.

25 00
Baltimore Car Wheel Co., Banquet Tickets.
Frost & Peterson, New York, Banquet Tickets

15 00
Canal and Claiborne St. Ry. Co., New Or.
leans

25 00
Frank H. Andrews, New York, Banquet
Tickets.

30 00
Dorner & Dutton, Cleveland, Banquet Ticket
Pomeroy & Fischer, New York, Banquet

Ticket
5. Mobile St. Ry. Co.

25 00
Hoosac Valley St. Ry. Co..

50 00
John Stephenson Co., Limited, Banquet

Ticket
J. G. Brill Co., Philadelphia, Banquet

Ticket
North & East River R. R. Co., New York. 50 00
Christopher and Tenth St., R. R. Co., New
York

25 00

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October

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Valentine & Co., New York, Banquet Tickets

quet Tickets
Brownell & Wight Car Co., St. Louis, Ban-
9.

E, A. Abbott, Boston, Annual Reports.
IO.
Hale & Kilburn Mfg. Co., Philadelphia,

Banquet Ticket.
Julien Electric Co., New York, Banquet

Ticket
Pittsburgh, Allegheny and Manchester Pass.

Ry. Co., Banquet Ticket.
11. John A. Roebling's Sons Co., Trenton,

Banquet Tickets
Peckham Car Wheel Co., New York, Ban-

quet Ticket
Railway Register Mfg Co., New York,

Banquet Ticket.
Mt. Auburn Cable Ry. Co., Cincinnati
Capitol, North O St. and South Washington

Ry. Co., Washington, D. C...
Easton, South Easton and West End Pass.

Ry. Co..
13. Harrisburgh City Pass. Ry. Co..
A. Whitney & Sons, Philadelphia, Banquet

Tickets 15. Brockton St. Ry. Co., Banquet Tickets..

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12.

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$6,829 16

$6,829 16 SUMMARY OF THE TREASURER'S REPORT. The Secretary: The Report being quite lengthy, unless it is desired that it be read in full, I will read the summary only. The Secretary thereupon read the Summary as follows:

RECEIPTS. Balance, October 19, 1887...

$1,454 66 137 Annual Dues, at $25.

3,425 00 Sale of Banquet Tickets

470 co IO Admission Fees.....

250 00 6 Annual Dues, 1886-'7, at $15

90 00 6 Months' Interest on Call Loan of $2,500). . Sale of Annual Reports....

36 00 3 Annual Dues balances, at $10.

30 00 Sale of Salt Pamphlets...

62 50

II 00

$5,829 16

$1,500 00

871 30

273 88 150 60

EXPENSES. Secretary and Treasurer's Salary Expenses of Annual Report... “ American Street-Railway Decisions,” Printing and Postage... Annual Meeting at Washington, Engraving, Printing, etc.. Legal Opinions. Miscellaneous Postage, Stationery, etc Miscellaneous Printing.. “United States Mail Line Expenses .. “Am. St. Ry. Mut. Ins. Co.,” Printing and Postage

135 50 114 55 101 25 48 +7 16 25

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The President: Unless some member has an objection to make, the report will be received and placed on file.

Mr. Wm. Richardson : I would prefer to move, as I have not heard the items, that the Report of the Treasurer be referred to the Executive Committee for audit.

The Secretary : I should have read "approved by C. B. Holmes, President"; also by the Executive Committee.

The President: Unless there is some objection, the report will be placed on file.

SPECIAL COMMITTEES, 1888.

STREET-RAILWAY MUTUAL FIRE INSURANCE, C. C. WOODWORTH, Sec., Rochester City and Brighton R. R. Co., Rochester,

N. Y.
R. DUDLEY FRAYSER, Sec., Memphis City Ry. Co., Memphis, Tenn.
A. C. Moss, Sec. and Treas., Sandusky St. R. R. Co., Sandusky, O.
C. DessMORE WYMAN, Vice-Pres., Central Park, North and East River R. R.

Co., New York, N. Y.
V. Crosyn, Pres., London St. R. R. Co., London, Ontario.

CONDITIONS NECESSARY TO THE FINANCIAL SUCCESS

OF

THE

CABLE POWER.

WILLIAM D. HENRY, Sec. and Treas., Missouri R. R. Co., St. Louis, Mo.

LOCATION AND CONSTRUCTION OF CAR HOUSE AND STABLES. C. DENSMORE WYMAN, Vice-Pres., Central Park, North and East River R. R.

Co., New York, N. Y.

PROGRESS OF ELECTRIC MOTIVE POWER.
CALVIN A. RICHARDS, Gen. Man., West End St. Ry. Co., Boston, Mass.

STREET-RAILWAY TAXATION.
WINFIELD SMITH, Pres., Cream City R. R. Co., Milwaukee, Wisconsin.

REPORTS OF SPECIAL COMMITTEES,

The President: The Chair is informed that the Committee in charge of the paper regarding Street-Railway Mutual Fire Insurance is not quite ready to report, but will report at a later stage of the Convention. We will, therefore, now listen to the paper on “The Conditions Necessary to the Financial Success of the Cable Power," by Mr. William D. Henry, of St. Louis, the Committee.

LETTER FROM MR. WM. D. HENRY, THE COMMITTEE ON

THE CABLE POWER,

The following letter was read by the Secretary:

St. Louis, October 13, 1888. To the Officers and Members of the American Street-Railway Association,

Gentlemen-I very much regret that my engagements render it impossible for me to be present at our Annual Meeting in Washington. I take pleasure, however, in introducing to you Mr. W. Bartlett, of this city, Civil Engineer of the Missouri Railroad Company, who is fully accredited as its representative, and to whose valued assistance your Committee is in a large measure indebted for the information contained in the report. Wishing you a successful and beneficial meeting, I remain,

Yours fraternally,

WM. D. HENRY.

REPORT OF THE COMMITTEE ON THE CONDITIONS NECES.

SARY TO THE FINANCIAL SUCCESS OF THE CABLE

POWER.

The Secretary read the report, as follows :

TO THE AMERICAN STREET-RAILWAY ASSOCIATION,

Gentlemen—I beg leave to submit the following report upon the subject of "The Conditions Necessary to the Financial Success of the Cable Power."

Experience in the construction and operation of cable roads for passenger traffic since 1873, when the first practical application was made of the system in San Francisco, has suggested that the conditions necessary to the financial success of the cable are :

ist. Volume of business ;
2d. Engineering and mechanical construction.

VOLUME OF BUSINESS. There is a very wide difference in opinions as well as statistics concerning the first. Thus, Mr. J. L. Wilcutt writes from San Francisco that “the number of cars run and passengers carried before the cable could be adopted with profit is affected by so many conditions, such as cost of plant, expense of operating, etc., that the question cannot be answered intelligently."

The Grand Avenue Cable Line, of Kansas City, reports that 4,000 passengers per mile per day are necessary before cabling a horse line.

The Minneapolis Street Railway Company places the travel at 3,000 to 4,000 passengers per day per mile of double track.

Mr. H. H. Windsor, of the Chicago City Railway, says : “As a rule and under ordinary circumstances, it is not advisable, from a pecuniary standpoint, to build and operate a cable line where it is intended to operate the cars less often than once in ten minutes ; but beyond that figure the economical advantages of the system improve in greater ratio than the increase in service."

Of the six cable lines first constructed in San Francisco, two being converted from horse car lines, the Mayor of that city states : “ These roads pay dividends from 8 to 24 per cent. per annum. The Market Street Cable Railway Conipany issued bonds for $300,000, bearing interest at the rate of 6 per cent. per annum. They are now selling at 1 per cent. premium. After paying interest on these bonds there is left a handsome dividend."

We might extend the record of like opinions and statements indefinitely, and with few exceptional cases they all trend in the same general directionthat the cable is a financial success when constructed and operated under

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