The Detroit times. [volume] (Detroit, Mich.) 1903-1920, 1910-03-07
U.R.MUSTACCEPT
DR. GET OUT, SAYS
CLYDE WEBSTER
Settlement Plan To Be Submitted
BY Subcommittee of the Fifty"
VIII Be Fair and Reasonable,
Attorney Declares.
Proposed Franchise Will Be Made
Public Wednesday Evening-Com-
mission To Be a Feature.

Wednesday evening an open meet
ing OF the executive committee of the
committee of fifty will be held in the
common council chamber In the city
hall. At this time the street railway
settlement play drawn up by Clyde /.
Webster, Paul c. Remand and Or. j.
ii. Carstens. will be made public.
This will not be an executive scs-
sion but public one 10 which all who
are interested are TO be invited The
executive session Which was TO have
beer held Saturday night has been
postponed. Inc general meeting OF
been tentatively set for Monday night
has been called OFF.
The delay in completing the settle
mont plan is due TO the fact that IL
is tO be a complete and detailed rec
ommendation, and not mere outline
plan as AZ nrst suggested. II VIII
contain every detail which the sub
committee considers necessary In a
new franchise ordinance. The labor
cf completing this plan has been so
great that although Attorney Web
ster has worked nights as well as
DAYS on il. he viii not be- able 10 have
il ready by Monday night As turned
over To the committee of fifty, IL Will
be in sense. Mayor Breitmeyer 5
plan. The mayor has been IN fire.
Quent consultation with the members
oil the committee and they are well
aware OF his views
While much OF the outline Of the
plan has been given out the details
are expected 70 greatly strengthen its
effect IN the basic principle of a six
per cent return upon an honest capt
talization he plan follows that IN
force I'm Cleveland. in other respects
!, IS TO he very different and those
who have had irs shapu- believe that
II viii be much stronger
"The plan OF settlement we shall
propose is entirely fair, both 10 the
,ify and 20 the company SAYS Clyde
l. Webster 1t Is too early yet tor
anyone 10 say that the D T. r viii
not accept il such comment is pre-
nature before The details OF our pro
}osals are given out
1t viii be such proposition that
lut They will have no standing in
Detroit ii they do not accept fair
and reasonable proposition such as
his vill be.
IT will appeal 10 every man, be-
icve We aim TO get the best ser
vice AT cost and. at the same time.
protect the company as we'll as the
city Il is not a mere outline which
we shall present. but a full plan. Gov
-ring every detail which We believe
should bo. in new ordinance"
Mayor Broitmeycr is not inclined
90 debate az this time the statement
" General Manager w Brooks, OF the
y T. r.. that a limitation OF profits
q six per Govt Is not such a proposal
AZ good business man would con
slider
Il have money in securities that
pav > and per cont interest said
The mayor briefly steamship bonds
sell al par because they have the par
value of assets behind them street
railway bonds arc considered spccu
lative because their value depends mp
on the earning power of the road
From which il might be taken that
the mayor considers that H. l.. X
securities would be as stable an in
,estmcnt a. steamship bonds If they
were placed on waterless basis
with assured earning power.
In case the committee oil fifty plan
of street railway settlement is in
doreod by tho common council, it IS
altogether likely that Mayor Brett
never will publicly name the five mea
whom he will appoint as the street
railway commission in case the y t.
r is willing 10 accept such fran
chise as is proposed and The matter
goes 20 vote of he people
Men Of the highest standing are sura
10 be chosen and this may have conSid-
cradle erect in franchise election
The intent Of the committee Of hfty
plan will he 10 take the street railway
question entirely out OF politics until
1924. ar least. by placing the interests
of the city IN the hands OF commits