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Steam Locomotive and Electric Operation for Trunk-Line Traffic — A Comparison of Costs and Earnings
The only adequate motive that will lead to the change from steam to electric operation is a large return on the investment required. The return on this investment is the increase in net earnings which is the result of the change. For finding this increase, the probable future earnings, if steam-locomotive operation is continued, must be compared with these earnings if electric operation is introduced. The comparison to be made is not one of present net earnings from steam locomotive operations with future net earnings from electric operation; both terms of the comparison are future earnings. On all lines with heavy local passenger traffic, where steam locomotive operation is maintained, parallel interurban electric roads will be built which will take from the steam roads two-thirds or more of the local passenger traffic. This has already happened on many roads by the competition of the expensive and slow direct-current trolley roads.
Steam Locomotive and Electric Operation for Trunk-Line Traffic — A Comparison of Costs and Earnings
The only adequate motive that will lead to the change from steam to electric operation is a large return on the investment required. The return on this investment is the increase in net earnings which is the result of the change. For finding this increase, the probable future earnings, if steam-locomotive operation is continued, must be compared with these earnings if electric operation is introduced. The comparison to be made is not one of present net earnings from steam locomotive operations with future net earnings from electric operation; both terms of the comparison are future earnings. On all lines with heavy local passenger traffic, where steam locomotive operation is maintained, parallel interurban electric roads will be built which will take from the steam roads two-thirds or more of the local passenger traffic. This has already happened on many roads by the competition of the expensive and slow direct-current trolley roads.
Steam Locomotive and Electric Operation for Trunk-Line Traffic — A Comparison of Costs and Earnings
Mayer, Joseph (author)
Transactions of the American Society of Civil Engineers ; 57 ; 455-495
2021-01-01
411906-01-01 pages
Article (Journal)
Electronic Resource
Unknown
Steam locomotive and electric operation for trunk-line traffic -- A comparison of costs and earnings
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