The Topeka state journal. [volume] (Topeka, Kansas) 1892-1980, 1906-05-26
DOWN GO THE RATES.
Edison Company Makes an Important
announcement. L

The Topeka Edison company has an
uounced a reduction in their rates eL-
fective June l. of from p to 50 per cent
the former reduction being made IN the
resident portion of the city While the
so per cent reduction applies TO the
heavy users Of electricity IN the -pusl-
ness section Of the city The reduetlon
which viii take effect the nrSt OF
June comes lust before the announce
ment OF the formation Of new llght
company in the city. but the fornnatlou
Of the new company and the colnpetl-
ton is said by the Edison company ~
have in no way influenced them IN
making the reduction in the rates.
twelve cents is now charged per kilo-
watt for electricity used IN fesloeLCe
lighting while the charge mace 1u1
mower purposes Is now from six to Ten
cents per kilO-Watt- Under the new
schedule the residence rate mas DeSH
reduced from u to cents, anu ING
commercial rate has been reduced TO
cents. The announcement is made tlat
the rate is not temporary but pernan-
ent according to the new schedule
Mr.. L. z. Myers, president Of the Eol7
son company, is in the city To-Day ana
said: 1.-The formation Of the new cons
pany had nothing whatever to do with
sur cut in the price. We nave Aau
this reduction under consideration lol
some time becaus of the natural gas
competition. and had set the time Tor
the lowering Of prices at June l. a
number Of our customers have yearly
contracts with US at much higher rates
which do not expire until the first OF
the year We intend that they shall
get the benefits to be derived from the
reduction and viii not hold them 10
their contracts but viii give them the
reduction which will go in effect the
Arst OF June.
I'VE are in no way interested in the
new company as we have all I'VE can
do to attend to business Of our own.
Our company is one Of the largest IN
i hat
deserve the good Will and patronage Of
the citizens. 1t is our intention to
keep a few years ahead of the growth
of Topeka and by giving the people
the best that can be secured for the
money, deserve their support and in
cidentally do the business of the city.
1.-The companies in which I am in-
ferested have an immense amount of
money invested in Topeka on which
we expect to realize fair per cent o.
profit In time to come but at the pres
ent we are not expecting to realize even
q small profit on our Investment as we
are under enormous expense. VS.
have our money invested in Topeka
and are here to stay. New companies
may spring Up. and as was the case or
two Independent companies which
built plants in Topeka, without per-
manent success. A story published in
the morning paper Tuesday juggles a
bunch of figures ana makes it appear
that our stock is watered which is I'M
just and untrue Our books are open
for public inspection at any and all
times and I defy any one to prove the
assertion which was published in thar
paper. The statement filed with ths
city the first of the year is absolutely
accurate and correct. I will give ST.
600 to any charity in the city of To-
peka that may be named if that state-
ment is not true in any detail That is
just how sure that I am of the cor
rectness Of my statements"