The Washington times. [volume] (Washington [D.C.]) 1902-1939, 1910-04-14

Mr.. GoidSbOrOuEh-I 90 not beleNe
there is. not the slightest do not
believe there is any truth in IT,
Dir. Cary-Do you think that corpoT-
atoms do anything like that
AIr- GoIdsborOugh-I think that cues
tion carries with il a reflection not only
on ths gas company, but also on the
newspapers. which 7 am sure you are
not seriously making
8Ir Cary-I am talking now as
member Of this committee
Mr.. C7oldsborough-I have perfect
right TO express that opinion.
Sir. Carl am trying 20 md out
what I can
10 answer your question, and tell you
frankly DO was done, just a. ] said IN
This statement because wanted the
taken into the confidence OF the com
pany, i'm order 10 promote the estab- I
IiShmeU1 Of relations with US that would
eventually prove 20 be mutually salts
factory I think the people have equl-
ties, Just as YOU do. and I think II us
the interest OF the company TO regard
those equities and TO encourage and
promote them
Mr.. Cary-Thst is what We are trying
TO do.
Mr. RcthermeI-AIr- GoIdsborouzh. n
want 10 ask YOU a question, because 7
mad wrong impression You spoke a
while ago Of having reduced the price
q gas within yCar or two
Ar Goldsborough-On the 1st Of last
july
TIE Cbairman-We do not hear YOU.
1Ir ROtheTmeI-I asked him when he
reduced the price Of gas
M GoidsborouEh-On the 1st OF last
1ir RothermeI-what was the price
Of Eas2
ar CoIdsborough-Oue dollar
Ar Rothermel-Then you reduced it'll
to 90 ceDts2
M GoldsborouEh-Yes- and want 70
say TINS, Il YOU viii permit me to do
Mr.. Cary-Bv the way. they did not re-
1uce II 70 - cents They only. take
or 10 Per cent II paid within ten DAYS.
ar GOiaS ooT ough-IEey reduced the
P'ice or gas 10 cents a thousand OIL
course we nave provision IN the law
which IS similar TO provisions. aun1rfu,-
ELSEWHERE AT any rate. Do has aIu-a.-s
aPPi'ed here, that # a party does not
pay MS OH within = certain time ne
Si-dll pay the TOP price, the gross price. I
AI. Fothermel-BUr a year ago ? Dsrty-
could set gas for 81 is that right
AlT. sIoldsboroush-Tes- Now he can
Nj Cary-If ne pays the bill within
Big Reduction in Profit.
2Ir- GcIdsborcuEh-Yes- II he 7zve the
hill within ten DAYS. and If no doesn't s
ne gets II Il cents cheaper per thousand
thaH he did when previously in default /
because previously jhe price was So II !
he did not pay promptly
ar Wiley-If ] understood those bills :
YOU read, Mr.. Cary, they were Tor 4
March, 1852
NJ Cary--From Lell TO 1879
AZ Wiey-If I understand him cor /
rectly- the price was reduced in JULY. /
1879 and the query is whether these bills /
DO nor altedate the reduction i'm price
MI- G3iuSDorJush-lu answer 10 Nr I
-,,---s-ii .si : question, want also 20
S--oiillt THIS proposition When we re-
4uleC the price L. cents uo~1inal.. I'D I
cents a thousand in point or fact, we Z
reduced the prOrt that the company was
lne-Slns oy ~ least twice thar amount /
50 mat u the company were making
AZ s.. say. 81 cents in round numbers. al I
go cents it would make only So cents
ana therefore the reduction v-o5zld be In 1
tact > per cent. The company has
Slt-cheu or with one STROKE OF the pen
over = per cent OF its profits Now II {
u were 20 reduce the price 10 cents more. .
u "oa-u take 3 l-5 per cent or What u
u, and I submit that when a COMPANY F.
--as EolullaIliy made such q large re-
ouc-iCn as that u ought not 70 D. com f
PEELED before D. has had one years time .
% test IT IN 10 proceed to another re- +
ductiou-
nv own belief is ,ast as soon as. the.
company has had time 20 see that IL cam
aI0TG 10 make another reduction in ms b
ice 20 its stockholders and the public .
u VIII do H. But I think TO REQUIRE T.
ir arbitrarily WiiIvnfuv. TO make So s
large second reduction as that within +
2 year before the company has had fine .
-Llo-t-iLilE 10 test the rrSt one. would .
De- or AT any rate would have the an
peaFaFce Of being q little arbitrary
tiI- NouQ-eE-4lr- GaiEsn0r0ucr If
Llere was reduction in price is Ii not a +
tact mat you also issued an extra a5l-f-
..rr
AF E0lC-co rOUEE-Tnere was an extra Z
dividend declared which was paid ont
lIr- Cary-The consumers raid il 7,r .
the company, did they u0ry
Mr. GoldsborOUEh-y{e ft was sr-- 4
F--S i-iaI the COMPANY We shall contend I
no NoliesllS mace under rates, legal
rates prescribed by statute enacted -bv +
congress, which were believed TO b.
f7lT and reasonable at the time. and
there can ne no question that that sT7p-
Plus legally belonged 20 the company +
The Average Amount.
-ir- Aiken-Mr. GoldsborouEh, DO YOU /
snow about what the average amount is
that IS carried by The gas company and /
placed on deposit for security By con I
sumers2
Ar GOldsboTOugi-Nou ask what is
the average amount carried by them7 F.
ar -AIkeu-Tes. sir
Air. Goldsbor0UEh-F cannot say. Il Is .
a subject I have not looked into. but I.
4 suppose II Is a matter OF s0methirS .
like SiS1e1o OF S1s4e1-
5Ir. Aiken-You do noj require that OF
all subscribers or consumers
1Tr- CT0IfSborOuEh-I believe that q Ger
tam class of consumers "A no nave hccu I
consuming Eas for a long time and who F.
PAY their bills promptly are not requiT-
ed with the same deSree Of StrICtuess .
that strangers are 10 make deposits. .
but I really could not answer that qUcz- .
ton because / do not know Nj Whit .
u Ell. what j. the present amount
Nj WhitWell-l should say today il i
was about S2Iu,rz9-
Af-- Aikeu-And the number Of con
e1.raers Is about 51.oHG2
Nh Whitweil-1eS-
sir. Aiken-Ehat IS the AMOUNT Is /
Mr. VVhItvVelI-It varies. in accordance 1
with the size Of the house, from s. 10 I.
SIS or S-t- according 10 the size Of The /
house
aIr. Aiken-Does the sas company /
ever allow the consume am thing Ike 4
ffst crest Oh those depOsiJS2
AZ WhitwelI-The Eas company al !
ways allow $ per cent 9
Nlr. Afken-HOW do you pay liz
1Tr wejl-WLen the account IS 4
cIcSeG IL Is paid to the cOusUme6 and II /
rt.-. sr-er-rrar IaSTrl.- 10 On VEu down !