Word: streetcar
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...Haven subsidiary called Connecticut Co. Last year all Connecticut Railway & Lighting had to do was collect $1,400,000 per year from its leases, distribute interest and dividends pay taxes. More than $1,000,000 of its income was derived from the traction properties, not because the streetcar system was particularly profitable but because the name of New York, New Haven & Hartford R. R. was on the lease. The railroad had to make good whether the rental was earned...
Last autumn New Haven flopped into a reorganization. With court approval the trustees of the road promptly canceled the traction lease made in 1906. The gas and electric leases remained in force. But the most Connecticut Railway & Lighting could expect from its streetcar lines is an annual $118,000, instead of the old figure of more than $1,000,000. That leaves the company $155,000 short of meeting even the annual sinking fund and interest requirements on its $8,989,000 funded debt...
With their drugstore profits they snapped up a beer concession at the end of a Manhattan streetcar line in the early 1900's when trolley riding was a regular holiday sport. There they were discovered by the late Marcus Loew, who knew smart showmen when he saw them. The theatre man helped them develop Palisades Park across the Hudson River from Manhattan, which they still own, gave them good steers on other amusement investments. Joe Schenck later went to Holly wood where he married Norma Talmadge and headed United Artists for years. Nick Schenck stuck by Loew...
...whether the applause was more or less than that received by any other nation. . . . The crowd was cheering individual favorites whom they recognized and teams smartly attired. . . . You know our uniforms weren't especially attractive. . . . Our team looked like a bunch of streetcar conductors...
...their securities and eliminate the lease payments. The Mayor figured that so much money would be saved on fixed charges that the company could put a two-man crew on every car (which pleased employes) and could also operate on a 5? fare (which pleased car-riders). Present Philadelphia streetcar fare is 7½? in tokens or 8? in cash, with added charges for transfers...