The main points for consideration common to each are six in number: 

1st.  Obtaining of franchise. 2d.  Construction of buildings, viz., engine house or stable. 3d.  Equipment—­rolling stock, horses, engines and dynamos. 4th.  Construction of tramway. 5th.  Cost of operation. 6th.  Individual characteristics and advantages.

Each of these requires a paper by itself, but in as concise a way as possible, presenting only the salient reasons and figures, I shall endeavor to embody it in one.

1st.  Obtaining of franchise.

I assume the municipal officers and the promoters honest men.

It is the universal settled conviction that a street car propelled with certainty and promptness by mechanical means is infinitely to be preferred to horses.  Hence, if this guarantee can be given, there need be no fear from the other side of the house.  Years of experience prove that this guarantee can be given.

The mechanical methods are electricity and the cable.  To suit local conditions the former has three general applications—­overhead, underground, and accumulator systems; while the latter has but one, the underground.  Hence, the former, electricity, has three chances to the latter’s one to meet the whims, opinions, or decisions of municipal authorities.  Other advantages accruing from mechanical methods are cleaner streets, absence of noise, quick time, no blockades, no stables accumulating filth and breeding pestilence, and lastly the great moral sympathetic feeling for man’s most faithful and valuable servant, the horse.  These all are directly in favor of obtaining the right franchise.

The three general ways of obtaining the same are a definite payment of cash to the authorities, a guarantee of an annual payment of a certain per cent. of the earnings, and lastly a combination of the two.  For the city or town the latter way is the safest, and the best, all things considered.  As electricity is mechanical, and as it can be shown that it is the cheapest to construct and most economical, and has three chances to operate, it stands by far the most likely to obtain the franchise.

2d.  Construction of buildings.

The governing factors under this head are the local land valuation and tax.  The system necessitating a spread eagle policy on the land question will cost.  What could be a more perfect illustration than the horse railroad system?  The motive power of the New York Central Railroad between New York and Albany could be comfortably stowed in the barns of some of the New York City street railways.  What a contrast!  The real estate, buildings, and fixtures of the Third Ave. line are valued at $1,524,000, and what buildings!  Cattle sheds in the metropolis of America.  Surely they did not cost a tithe of this great sum.  What did?  The land, a whole block and more.  Henry George advocates might find food for thought here.  All this is true of the other lines in every city in the Union.  Enormous expenditures for land.  A good one half of their capital sunk in purchasing the necessary room.  Go where you will, a good fifty per cent. of the capital is used for land for their stables.  This obviously does not include equipment.