Show JITNEYS CAUSE US SLUMP IX IN EARNINGS E. The annual report of the Pacific Electric railway for Cor the time year ended June Juno 30 1916 to the California railroad commission shows a n deficit of 34 in the time company's earnings According to the time Electric Railway Journal the total operating revenues for Cor tho time year were weme while tho the total railway op- op crating expenses were 5 which loft left lef anet a net not from railway operations of II Tho The amount of or taxes interest on bonds and floating debt bond discounts and rent rents deducted e from the time net revenue left a deficit of or The jitney bus and arid lef other automobile passenger carrying traffic arc are blamed mostly for tor or these results Tho The railway railway railway rail rail- way operates In four four fifty tt towns in southern California an arid aner er very large larse sums have been een spent on aim Improvements in the various places Railways Gazette |