The Washington times. [volume] (Washington [D.C.]) 1902-1939, 1910-04-05

great many years; ter years, anyhow.
MI Huinpnf Sss.s-The present pr.ce has
been maintained ten years?
Mr.. Cary-About six years. I should
judge.
Mr. Humphrey cannot agree with
you as 70 the Semet-Solvay Company,
! De - nave statement before me,
issued Dy me wee president and general
manager of the Milwaukee Gaslight
company, Mr.. Glass, which is probably
the most complete statement of gas
piles l1dl mas ever been issued in the
Mr. Cary-What date is that?
NJ. mphreys-Nineteen hundred
49, 49,. SSN en- ! was going TO mention the
asit5 me ne price IN 1907 for the first 1000
that this lower price is based upon the
amount that is used The first 10000
rect per month will cost Won 81 cents
per lsyOO IeeJ and, of course, that takes
IN probably 80 per cent OF the consumers
or the city Then IL you consume 10000
IeeI more per month. II is 20 cents per
dsyJJ' ana then for all in excess Of Do
~ ~, Iee5 per month II is so cents per LOO.
~ ~ - -Ilat Is correct
MT. Pearre-That Is graded according
70 the amount consumed
Gives Interesting Figures.
Mr. Hump areys-But there is this DIFF
ference, II Is not a reduction TO so cents
per thousand until you buy over 2J.Oo0
rect per month, and then that amount
over 1900 feet is 50 cents. while YOU
sun nave to ray so cents per thousand
TOT the first 1000 feet. and in order 10
set Ihe oO-cent gas you hav, first 10
"uIh Ihose previous amounts, u, )0l feet
al ~ cents per thousand and another
IoVo Feet al 20 cents per thousand. the
result being that the price pai9 s close
10 ~ cents And in that connection
you can see now very misleading those
prices can be made. II the gentlemen
want tacts, ! would advise you 10 get
lis statement Mr. Glass is an ex-
LenS4y Idlr man, and, Of course, he
nOulu nol issue anything Ike this un-
Iess ne Ielt that II was correct, 4 ad IL IS
aDOut as correct as any one can get It.
mere are some enIighteninR statements
~ ~. the book In regard 10 50-cent gas;
lIIdL Is Where certain amount Of the
gas sells at 30 cents Ard I remember
mat When testified the last time before
our committee there were certain
STATEMENTS made in the papers about
Cei LaiA very low prices Of gas. as low
as % cents Between the first and sec
ond DAY OF the hearing I anaIyzed those
statements, and the next daV gave YOU
the result ] showed YOU that those
VINO testlned here in regard 10 the low
IILceu gas gave you the minimum price
that could be obtained under certain
CONDITIONS as 20 amount OF monthly
consumption, and, Of course. that would
~ A-AaA NAHft TO INC AQe sc one
cement IN calculating the average.
hlngsLOn, y Y. was stated o. = C.nUs
per thousand while the average price
correctly determined. was S1.15. COium-
Dla' Mo, they had down as 60 cents
because under certain circumstances a
certain amC INT could be solo for 50
cents. but the average price a-as $50
then. again. Escanaba, Mich, was
Slll2- Detroit, Mich, was stated az 50
cents. when the average figure is -
cents merely state this so that YOU
vii not allow those low prices 10 mis-
Mr.; Cary-Don't you believe that the
Washington Gasiight Company could
sell gas az 50 cents and make an honest
pTO1t out Of III
honest proft2
Mr.. Cary-NIore than s pei. cent.
MI Humphreys-On the actual invest
ment. no, DO not Nor do think that
would DC ialr return, per cent on. a
business Of this kind
Mr.. Rothermel-L understood Won 70
saE. Mr. Humphreys, that the earnings
Of the gas company here were ss47. 010.
AT 6umPhrey,s--IYes, sir.
Mt. Rothermel-What did you say the
Mr.. Humphreys-S2.s 500 ooo. plus s.. s0o. ooo
plus IN rouTld figures 500. 600
Mr.. Rothermel-How much is taat7
Mr.. HUMP hreys-S5. 10000
Mr. RotI ermel-Now. then IN 10.
they have net earnings Of $4,000
The Actual Capital Stock
Mr.. HumDhSeys-Yes sir.
Mr.. RothermeI-What does that e.
So, 20 represent?
Mr.. Humphreys-Jusr what r. saws
here referring 20 statement. document
No $50. II represents the actual capital
stock OF $500. 600. then dividend ce-tff-
Gates OF Indebtedness OF $500 a.. rlpre-
sentins, no doubt, surplus ear -zz. and
improvement bonds OF S5qs zoo which I
called IN round figures $4,000
Mr- Eotherme..-Are the betterments
Included in that?
". .Humphreys-Some Of them are
yes, sir.
Mr.. RothermeI-Just enumerare them.
please2
Mr. Humphreys-Do YOU mean BY tell
inE you whether this
Mr.. Rothermel-What betterments do
you refer to-
Mr.. Humphreys refer to II in this
way; You would have to make an an
praisal, as I have made. OF the niaD+ IS
whole. and then make a conpariso1
between the assets as dere-D7fre5 -
that appraisal and the Securities fsS,s5
Mr. Rothermel-But Is the plant the
entire plant. included in that: ne yai1-s
of Il? -0 Fsio9
have given yOu2 mot
Mr. Rothermel-Yes
MI humphreys YOU an accom-.
amt and are you looking al these fr-71-e--
tbem2 'OONi"s al
Mr.. Rothermel-Just answer my ,,,,.-
ton. and that viii be all right.
MI Hunphreys-No. not Included or5
u IS not all right I an not irving 70
quloble. but am trying 10 make a
so &c leillei,I Inat can be understood.
Mr.. Rotnermel-How are these
amounts for service-tbese co,re,+5l.ss
made with different people-are thew in
cluded in that? III
Mr.. Humphreys VIII tell you IN a
Mr. GoldsborOuEh-I think so. thI,l,
the services are Included
Mr.. Humphreys-Afy recollection 6
however. Mr. GOldsborough. that fba-s
Is difference. Part are included and
Part are not.
Mr.. Hazelton-I object 10 this. This
witness is being tested as To what he
personal knowledge is. and - ~ ~
think he should be interrupted-
Mr. Wiley-I think the members Of this
committee should be permitted to ask
such questions as they choose. I do NOT
propose to have any outsider come a.
here and tell Us what we shall 40 ao5
you viii oblige me. Mr.. Has elton nv
sitting down.
Personal knowledge Test.
Mr.. Hazelton-But wher he : baj7r
tested as to his personal knoviedee. 7
think it is fair to have him answer in
stead of having Mr.. Goldsborough coma
in and answer for him.
Mr.. Rothermel-I wanted To lSnou,