small rooms, and fitted them up with single beds. He charged a uniform
price of twenty-five cents a night. The location was down town in New
York, the congested district where congregate travelers, tradesmen,
workingmen, and the vast class of floaters. His rooms were nearly always
full. Income per day, $25. Daily expenses: Night clerk, $2; two
chambermaids ($15 each per month), $1. Rent, $5; lights, $1; laundry,
$3; sundries, $1. Total expenses per day, $13. Net profit, $12 per day.
He says, “I am sure I could double these profits if I could double my
accommodations.”