Note 5 — PITTSBURG: A CITY ASHAMED

All the street railways terminating in the city of Pittsburg were in 1901 consolidated into the Pittsburg Railways Company, operating 404 miles of track, under an approximate capitalization of $84,000,000. In their statement, issued July 1, 1902, they report gross earnings for 1901 as $7,081,452.82. Out of this they paid a car tax for 1902 to the city of Pittsburg of $20,099.94. At the ordinary rate of 5 per cent. on gross earnings the tax would have been $354,072.60.