Show kew york street railways railway the grow gross receipts of the street railways of new york city in 1896 were but the amount paid the city in taxes and in all other ways was waa only 2 per cent of the amount the actual profits represent 20 or SO 0 O per cent on the real cost of construction these enormous profits are hidden by most liberal watering of stock an instance will illustrate the extent to which this is carried when the consolidation soli dation ot of the street railway lines was effected in the capitalization including that of leased lines represented by rentals paid was increased to ehtle the track operated had increased to only miles representing a capitalization of per mile since 1895 the capitalization has been increased to more than the amount per mile remaining the same although the average cost of constructing a line of street railway with double tracks is but 16 a mile and would be a liberal allowance to cover all expenses including rolling stock power plant etc the company pays handsome dividends at the rate of per mile the net profits during were |