FINANCIAL AND STATISTICAL

REPORT

OF NEW YORK CITY ' S TRANSIT SYSTEM

SINCE JANUARY 1ST , 1946 Summary of Receipts from 10¢ and 7¢ Fare During Fiscal Year Ended June 30 , 1949

Compared with Receipts from 5¢ Fare for Year Ended June 30 , 1948

1948

1949

$ 209 , 574 , 838

4 , 317 , 191

979 , 747 $ 214 , 871 , 776 $ 76 , 836 , 208

Passenger Revenue .

$ 133 , 173 , 764 Advertising and Vending Privileges .

4 , 052 , 517 Other

809 , 287 Total . . . . . . . . .

$ 138 , 035 , 568 Increase Percentage of Passenger Revenue Increase exclusive of Manhattan Bus " ! ! !

Companies taken over in 1948 - 49 . Note : Riding under the increased fare fell off 11 . 15 % compared with

the 5¢ fare in 1948 . Note : Average Fare — Rapid Transit 9 . 54¢ ; Surface 6 . 47€ ; System

8 . 72€ .

! 55 . 33 %

The Board of Transportation is charged , under the Rapid Transit Law , with the dual responsibility of construction and operation of the transit facili ties owned by The City of New York .

The New York City Transit System includes subway and elevated lines , power houses , trolley , trolley coach and bus lines , shops , garages , barns and terminals , in every borough of the City .

To provide the service so essential to the welfare of the City , the Board employs approximately 42 , 000 people , including motormen , conductors , sur face line operators , maintainers skilled in all the trades , power plant and signal specialists , track walkers and miscellaneous other titles .

When the O ' Dwyer administration took office , it found sub - standard wages were being paid to its transit employees . Steps have since been taken to correct this situation as may be noted from the following :

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