increase the same after a demand for the car. Theoretically' this may appear tramways has been created, and this was exemplified quite recently by the disturbances in Tokio and in Corea. to be a simple plad, although ce far as I know it is without precedent in tramway management, but it would Regarding our authorised maximum fares we find that to collect the exact lead to endless annoyance to strangers visiting the Settlement who would equivalent we shall require to deal with "cash." When we point out to you that not be conversant with the local conditions and who would natur-our revenue should be approximately $1,500. to $2,000. per day, you will see how utterly impossible it would be for usto desi with "cash". In fact the Conductors would not be able to collect the fares in the time at their disposal. ally expect to pay for their ride in the usual way on the cars, This method would also be very inconvenient to the travelling public generally, as it would be quite possible for a passenger to wish to board a car in the middle of If, on the other hand, we deal only with " 10 cash pieces" and take one as being equal to one Mexican cent we stand to lose 10 percent owing to the depreciated value of small monies and further estimated loss of 5 per cent for disposing of same after collection.. As practically all our revermue will be collected in sams under one dollar, we 'a section, but being without coupon would have to proceed on foot to the end of the section before the passenger could purchase the necessary coupon.
The chief objection to this proposal is that it would allow possibilities for an extensive system of forgery. As we would carry about 50,000 to 60,000 shall lose 15 per conten our total re-passengers per day it would be quite ceipts. This loss would be very serious indeed to the Company, as " 15 percent deficiency in the receipts can easily tarn the scale and make what would otherwise be a well-equipped, sound and profitable undertaking into " parsinronious and hoid driven system. impossible to properly scrutinize each coupon. We also believe that the expense, to say nothing of the inconvenience, of adopting this system would cost more than the Icag by exchange saved.
In this letter we have not referred to Bearing all this in mind we have tried to find a way out in which we shall overcome this loss and at the same time keep jin the spirit of the Agreement, and we now suggest that we shall be allowed to collect our second class fares ax follow:—3 copper "10 cash pieces" for the first section and 2 copper "10 cash pieces" for each additional, section. On this basis the the first class fare s no doubt our tended coupon system will work quite well for this class of passenger, and the number of passengers being limited, the coupon can be more carefully supervised. conclusion we would ask you to carefully weigh our proposal and to allow us to collect as our second class fares 3, 5,7 and 9 copper " ten-cash second class fares on the sections alrendy arranged would be 3, 5, 7 & 9 copper "10 cash pieces" respectively, representing 2,4, 6, & 8
Mexican dollar cents, and by this means we shall obviate the inconvenience of using "cash and also cover the loss of exchange.
Another means would be coupons, and we cordd issue books of 50 for a pieces" respectively representing' 2, 4, 6 and 8 Mexican dollar cents.
Hoping to hear from you that our suggestion can be adopted.
We are, Dear Sirs, Your obedient servants,
Text read from the printed page and cleaned; old type leaves the occasional error.