Trolley Tales
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A Progressive Small Town
Many smaller Ohio towns built local trolley lines in the early days, but possibly the smallest was Salem. Remarkably, it also was one of the earliest cities in the entire country to adopt electric cars, beginning service on 23 May, 1890. At that time, the population was only 5,780! The car fleet consisted of three…
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Construction vs Operation
As with any business, the lower the costs of operating an electric railway the greater the likelihood that it would be profitable. Thus, debt load lowered profitability. As we noted last week, sometimes a line was “overcapitalized,” that is it had taken on more debt than its income could cover. Overcapitalization could occur for a…