Annual report of Hudson & Manhattan Railroad Company

(New York, N.Y. :  Hudson and Manhattan Railroad Company  )



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  1948: Page 5  

Two sources of future revenue at Hudson Terminal;   the uncompleted IND Subway foot-passageway and a
recently-installed, advertising clock.

Railroad Company by the Interstate Coir
Commission on July 19, 1948.

The current basic fares of Hudson & Manhat¬
tan Railroad Company are three in number,
namely: 10^ between any New York station
and any station in Hoboken or Jersey
Fares City (called the local interstate fare);
5^ between stations in Ploboken and
Jersey City or between stations in New York
City (called the local intrastate fare); and 31c
for joint Pennsylvania Railroad-Hudson Tubes
service between Newark and stations on the
Hudson & Manhattan Railroad (called the
joint-service fare). During 1948 the Company
made eiforts to bring about an increase in its
revenue from each of the three classes of fares.

As respects the IQi local interstate fare, the
Company filed petition with the Interstate Com¬
merce Commission on December 23, 1948 asking
for an increase to 15^. On February 7, 1949 the
Commission ordered that the Company's peti¬
tion be assigned for hearing at a time and place
not yet designated.

As respects the 5^ intrastate fare, the Com¬
pany has commenced but has not yet completed

plans for petitioning the Board of Public Utility
Commissioners of the State of New Jersey, the
Public Service Commission of New York and the
Interstate Commerce Commission for an in¬
crease to 10^.

The existing division of revenues from the
joint service operation is on the basis of 60%
to The Pennsylvania Railroad Company and
40% to Hudson & Manhattan Railroad Com¬
pany. In fare decisions prior to 1945 the Inter¬
state Commerce Commission had repeatedly
suggested that the Hudson & Manhattan seek
a substantial portion of its needed increase
in revenue through increasing its proportion of
the fares on the interline traffic with the Penn¬
sylvania. Accordingly, in 1945 the Company
filed its complaint with the Commission asking
just such an increase in divisions. After a full
hearing in 1947 the Commission's examiner
recommended an increase of 2^ in the appor¬
tionment to the Company of the fares paid by
passengers using the joint service between the
Newark station of the Pennsylvania and the
Company's lines east of Journal Square in
Jersey City. No change was recommended on
the Company's share of fares charged for
traffic  interchanged with   the  Pennsylvania   at
  1948: Page 5