Journal of the Franklin Institute, of the State of Pennsylvania, for the Promotion of the Mechanic Arts, 1848, Vol. 45

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Excerpt from Journal of the Franklin Institute, of the State of Pennsylvania, for the Promotion of the Mechanic Arts, 1848, Vol. 45: Devoted to Mechanical and Physical Science, Civil Engineering, the Arts and Manufactures, and the Recording of American, and Other Patented InventionsThe affairs of the Washington road are shown by the statements D and E.It will appear from these statements that there has been a falling off in the receipts from this road, and that the diminution has been in the passenger traffic. During the past year the number of passen gers has been five thousand four hundred and three less than in the year 1846, and the amount of revenue received from this source has been eleven thousand eight hundred and nineteen dollars less than in the preceding year. It may also be stated, that during the past year there was an increase in tonnage transportation of tons, and of in the revenue from that source over the year 1846. It may be inferred, therefore, that the experiment of a reduced charge, authorized by the Board in the years 1845 - 46, has not realized the expectations by which it was recommended, and the conclusion would seem to be warranted, that the lowest charges do not uniformly ih crease the amount of travel. It will, therefore, become the duty of the Board to reconsider the subject with the benefit of the experience they have already had, and to make such addition to the present charges as a full investigation may be found to authorize. The net profits from the Washington road, for the last six months, including the surplus of -19 remaining after the dividend in April last, amount to the sum of -66, of which the Board have declared a further dividend for the last six months of $260 upon each share of stock, leaving a surplus of $6, 88b66, to be carried to the account of the current year.About the PublisherForgotten Books publishes hundreds of thousands of rare and classic books. Find more at www.forgottenbooks.comThis 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.