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Houston street car company not a gold mine
The piece argues that Houston Electric Company has never earned significant returns for investors since its 1901 founding. It cites fixed rate structures set by city and state authorities, wartime cost pressures, and depreciation rules, claiming fare increases were needed to sustain service in a growing Houston. It contends the system operated with minimal profit amid rising costs.
MENTIONED IN THIS ARTICLE
Houston
Campbell
Houston Lighting and Power Company
United States
Houston Electric Company