The million-peopled city
The Immense Amount of the Capital and Annual Expenditure of the London Omnibus Trade.
The amount of capital invested in the London omnibus traffic is very great indeed. Each omnibus costs somewhat more than 100l., and it requires to work it 10 horses, which, at 20l. each, is 200l., besides harness and other items, which may be reckoned at 301. This is the prime cost. The annual expenditure subsequently incurred is scarcely short of 900l. for each omnibus; and it is reckoned that an omni- bus, to pay, ought to receive in fares, in round numbers, 1,000l. a-year. There are nearly 3,000 London omnibuses, which gives an original cost of 1,020,0001., and an annual outlay of 2,700,0001.