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1892.] OF THE HOUSE OF DELEGATES. 913
It was apparent to your committee, from the single
statement of the pecuniary loss entailed upon these
companies for the present year, by the withdrawal of
subscribers, that a reduction in the rate of subscrip-
tions of 1900 subscribers to even ninety dollars ($90)
per instrument, would result in a very considerable
deficit during the present year.
It was urged that a lower rate of charge would
bring more subscribers and produce a greater net reve-
nue. This result the Telephone Companies have de-
nied and have said with some reason, that it might be
properly supposed, that they would be glad to charge
any rate which would in fact produce increased profit
from an increased number of subscribers. But the
measure proposed would not produce that effect, but
would, on the contrary, not only deprive them of all
profit, but would cause serious loss.
Statement of the gross earnings and expenses of the
Chesapeake and Potomac Telephone Company, and
of the Chesapeake and Potomac Telephone Com-
pany of Baltimore citv, in the vear 1891:
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Earning
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Baltimore, .
Frederick, ....
Cumberland, .
Hagerstown,
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$241,035 00
7,855 82
7,025 23
4,380 39
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Expenses
In Baltimore (which do not
include the cost of con-
structing conduits or over-
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$ 260, 296 44
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head wires in said city),
In Frederick,
"Cumberland, .
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$198,800 54
8,854 17
7,067 96
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*' Hagerstown,
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4,991 92
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$219,714 59
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Net Revenue in Maryland,
Profit in Baltimore, .
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$40,581 85
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$42,234 46
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Loss in Frederick,
" " Cumberland,
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$998 35
42 73
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" " Hagerstown,
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611 53
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1,652 61
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Balance,
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$40,581 85
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