Arizona republican. [volume] (Phoenix, Ariz.) 1890-1930, 1911-05-06
BUSINESS
EXPANSION
Evolution Of q Phoenix
Public Utility
STREET RAILWAY SYSTEM
Will be Transferred to Own
ership of Phoenix Railway
Company of Arizona, a
New Corporation With
Capital Stock of So, 900, 900.

Phoenix Railway Company of Arizo.
ma were filed yesterday Afternoon
with the territorial auditor. the in.
corporators being L. H. Chalmers
q II. Mitchell and H B. Wilkinson
of this city. The capital stock i,
S2,OOO,00O and the plan of the com
pany primarily, as might be guessed
by the similarity of name and tn,
personnel Of the incOrporators, is Il
take over the property of the Phoe-
nix Railway company.
This new incorporation does moi
imply any material change of man.
ageneht or interest in the property
concerned but merely marks a neces-
SaTy step in the evolution Of the To-
cal street railway system, to keen
pace with changed conditions and the
growth and development OF the CITY
and valley. The old company was
only incorporated for 500. 600. and the
expansion of its business to the pres-
ent date has taxed its resources.
Bonds have been issued and cash
borrowed TO the full limit of available
ity under the old organization and in
addition, for the recent betterments
some OF the private properties OF
NJ. ii. Sherman in Phoenix have been
sold and the proceeds devoted to the
uses of the company. More than that
Superintendent Mitchell has also
made cash loans of Mr.. Sherman to
meet necessary obligations. 1t NAV
all be summed up in the statement
that the Phoenix Railway company
had outgrown its clothes and the flu
ture, pregnant with new demands,
looms large before it, There was
nothing to do but increase the can't
talization to a point commensurate
with the possible needs of that more
or less immediate future 1t was de-
clded that the best method was by
the formation of a new company to
Secceed TO the interests of the old one.
on plans that would make feasible
the securing of ample capital for
future expansion and betterments.
To briefly review those improve
ments that have brought the company
to the present limit of its resources.
attention is called to the better
ments on the old original system
during recent years, the extension to
the fair grounds. the newly con-
structed Second avenue line. the Lin
coin Place extension and finally the
line to Glendale While a subsidy
was secured for the latter it was no.
where near equal to the cost of con-
struction.
OF the future it may be said that
it is not unlikely that the Glendale
line will before very long need
double tracking, which will be a big
expense and for which there will be
no subsidy, and before very long a
large part of the old system will have
to be rehabilitated half dozen
cars have been added to the rolling
stock i'm the past six months and
Superintendent Mitchell now has un-
der consideration the purchase of as
many more.
Another thing the people have but
small realization of is that the street
paving program which the company
is not opposing. if carried out will cost
it approximately $4,000 and with
this in mind a special class of angle
bars has been ordered already for
all the trackage on the streets likely
to be paved. All these things relate
to the immediate future.
On the heels of them appears the
projected building of a line to Ingle-
side. either by a connection with the
Glendale line north of Phoenix or
direct from Phoenix via a southern
route. This undertaking is already
under way and il seems certainty
that a road will be built by one
route or the other. though by which
route cannot yet be predicted.
In the more distant but perhaps
not remote future, looms up the
transportation question between Phoe-
nix and the south side towns, through
that fast developing section along
Salt river. opposite Phoenix. The
company has no plans relating to it
yet. at least none sufficiently mature
TO be submitted. but il is not asleep
To the future and may be depended
upon to give consideration to the
needs of the public and to its own
interests as they may be affected by
into a time of action.
For all the things recited and for
the many other minor contingencies
of operation, to say nothing of new
conditions that may arise at any time
from now on making new demands for
service. the owners believe the new
capitalization is none too large to
serve their purposes.
The Glendale line mentioned above
is now practically completed. 1t
would have been in use by this time
only for the delay of the manufac
turers in sending certain of the cleo
trio equipment for the sub-station
at Orangewood but Superintendent
Mitchell said last night he hoped to
have the road in such condition that
ears could be run over il tomorrow.
though it will not be officially opened
until two or three days later.