From the Kearney Files
Shoreditch Observer Hackney Express Bethnal Green Chronicle and Finsbury Gazette
In the article we published a few weeks ago on the proposed high speed railway to the Crystal Palace we referred to the economics of the Kearney system as compared to other tube railways. We have now received further details to show that it is a sound financial proposition.
Owing to the absence of deep level stations and lift shafts together with the fact the Kearney system on which it is proposed to build a railway is the only one that will enable trains to ascend the Crystal Palace hill within making a wide detour; The cost of the entire line including all preliminary expenses will be less than £3,000,000 whilst a line built on ordinary tube system would cost more than £5,000,000.
The effect of this great saving in capital cost is obvious everything else being equal where an ordinary tube railway could pay a dividend of 2 1/2 % and it is not disputed that a railway constructed on the Kearney system would earn nearly 5 %.
In the first place there is the consumption of electric power the most important item on the expenses bill of any tube railway.
But everything else is not equal. It is claimed for the reasons given below that on the Kearney system the running expenses are also reduced by 50 %.
By the employment of gravity system for accelerating trains the adoption of a specially designed cars which reduce air resistance and friction to a minimum and the abolishion of lifts a saving of 50 % is affected in this head.
The next great item of expense in a tube railway comes under the head of maintenance, the absence of steep gradients for regarding the trains eliminates the great wear and tear of permanent way and rolling stock occasioned by excessive braking and reduces the maintenance bill by 60 %.
Shoreditch Observer Hackney Express Bethnal Green Chronicle and Finsbury Gazette
In the article we published a few weeks ago on the proposed high speed railway to the Crystal Palace we referred to the economics of the Kearney system as compared to other tube railways. We have now received further details to show that it is a sound financial proposition.
Owing to the absence of deep level stations and lift shafts together with the fact the Kearney system on which it is proposed to build a railway is the only one that will enable trains to ascend the Crystal Palace hill within making a wide detour; The cost of the entire line including all preliminary expenses will be less than £3,000,000 whilst a line built on ordinary tube system would cost more than £5,000,000.
The effect of this great saving in capital cost is obvious everything else being equal where an ordinary tube railway could pay a dividend of 2 1/2 % and it is not disputed that a railway constructed on the Kearney system would earn nearly 5 %.
In the first place there is the consumption of electric power the most important item on the expenses bill of any tube railway.
But everything else is not equal. It is claimed for the reasons given below that on the Kearney system the running expenses are also reduced by 50 %.
By the employment of gravity system for accelerating trains the adoption of a specially designed cars which reduce air resistance and friction to a minimum and the abolishion of lifts a saving of 50 % is affected in this head.
The next great item of expense in a tube railway comes under the head of maintenance, the absence of steep gradients for regarding the trains eliminates the great wear and tear of permanent way and rolling stock occasioned by excessive braking and reduces the maintenance bill by 60 %.
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