Publisher's Synopsis
Excerpt from Report on the Traction Improvement and Development Within the Providence District to the Joint Committee on Railroad Franchises: Providence City Council, June, 1911
The general thought that this report attempts primarily to convey to the citizens Of Providence is one Of Optimism. In many respects the traction situation is more fortunate than in other cities, but especially so because the earning capacity Of the property has been well developed and the special improve ments desired may be put into effect without any wholesale uprooting Of either the financial or Operating structure Of the Company. In other words, it is possible for the Company to inaugurate and maintain the higher standard Of service herein outlined and still be certain to receive a good return on its actual investment. This is a fundamental condition in the absence of which improvements are difficult to carry out without imposing undeserved hardships upon investors in the property.
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