Evening star. [volume] (Washington, D.C.) 1854-1972, 1912-07-01

patriotic purpose Of visiting the National
Capital.
1T is. no doubt. true that it is now
the citizen Of average means who
to Washington: furthermore. 1t Is our
duty to adjust the rate to Mount Yer
non upon q reasonable basis for both
the public and the carrier. Irrespective
OF any particular class Of patrons. 1t
is true that the thousands of citizens
| who make the pilgrimage to Mount
Vernon require the running Of extra
trains. but we apprehend that the
| service rendered Is merely that which
is necessary to accommodate traffic
the carrier holds itself out to serve.
| The tourist movement to Mount YER
non comes after the so-called rush
hour movement to the city In the
| morning. and Is in the opposite direc-
afternoon
Aspect Of Regular Service.
TT is clear, however. that the regular
service Of defendant may be considered
as separate and distinct from the tourist
travel to and from Mount Vernon. The
| latter is confined to six days in the
week, as the ladies' association which
| manages Mount Vernon closes 1t to visi-
tors Sunday. Moreover, 1t is our under
standing that the trains run to accom-
| modate visitors to Mount Vernon permit
q stop-over at Alexandria for the pur-
pose of inspecting points of interest In
that city. 1t 10 worth something to the
visitors to have through train service
| to Mount Vernon with only the one stop
at Alexandria, For the local travel be-
tween Mount Vernon and Washington on
the regular trains, however. we find no
)ustfncation for the present one-way and
round-trip fares
"As has already been stated, the
Al
increase Of S cents in the fare for each
zone. Upon this basis. to Miller, three
iourths OF mile nearer to Washing
ton than Is Mount Vernon, the one-way
fare Is Is cents and the round trip
50 cents. Upon the record we are of
opinion and find that the fare to and
from Mount Vernon on local trains
should not exceed 80 cents for the one
way. and IS cents for the round trip
For the service rendered by express
that the rate should not exceed IS
cents one way and 60 cents for the
round trip"
Az to the complaint regarding the one
way and round trip fares between Wash
tngton and Fairfax. it is recited:
Specific complaint 10 made Of the one
way and round trip fares between Fair
fax and Washington. Fairfax is the ter
is 2O.7S miles from Washington. The
one-way fare Ia IS cents and the round
trip fare is 85 cents. Upon consideration
OF all the facts of record we are Of opin-
sonable. and that as to Fairfax and
points In tho same zone the fares should
not exceed so cents one way or 80 cents
for the round trip.
We are also Of opinion and find that
between Washington and points on the
Falls Church division intermediate be-
tween the zone In which West Falls
Church is situated and the Fairfax zone,
the present one-way and round-trip fares
are unreasonable. We find that as be-
tween Washington and the stations known
as Robey. Antrim and Burr the fares
should not exceed % cents one way or 40
cents for the round trip; that as between
Washington and the stations known as
Dunn Loring, Enola, Wedderburn, Wood
ford and Franklin the fares should not
exceed 80 cents one way or so cents for
the round trip: that as between Washing
ton and the stations known as Vienna and
Park street the fares should not exceed
80 cents one way or s. cents for the round
stations known as Library. Lewis street.
Boutwell, and Five Oaks the fares should
not exceed 40 cents one way or 60 cents
for the round trip: and that as between
Washington and the stations known as
Edgelea, Oakton and Sanger the fares
should not exceed As cents one way or 70
cents for the round trip
COMPANY 1epoILS quoted.
Tho commission goes into the financial
standing of the defendant company, say
ing:
In this connection we have examined
the report made to this commission by
the Washingto Virginia company for
the period from September 80. 1910, to
June 30, 1911. 1t shows that on the lat
ter date the company's total outstanding
capital was $5.78O.3OO, consisting of
$2,37S, 800 Of stock and S., 4Oo,O0 of fund
ed debt. The reports made by the Mount
Vernon and Falls Church companies show
that September 80, 1910. the date of the
combined operation. their combined capt.
tai was s., 402. 600, consisting of 81 600. 900
of stock and So. 402. 600 of funded debt. 1t
thus appears that June 30. 1911, the total
capital was S37S3OO more than at the
date Of the combined operation. the adui-
tional amount consisting entirely of stock.
Defendant asserts. and 1t Is so set forth
in the contract Of merger, that at the
date OF the contract there was outstand-
company a stock issue OF 100000. full
paid and worcestershire" 1t is accord
ingly claimed that the capital stock was
not Increased by the merger, but was In
received from the sale OF the stock is
not disclosed. The company owned no
line Of railway prior to the merger and
was not then an operating concern.
THE reports snow InAt IOr the pei Ou
OF nine months ended June 30, 1911, the
net income of the Virginia
Company, after deducting taxes. interest
and other fixed charges. was $45, go, Of
which amount the sum of $2S. 7S3 was paid
in dividends on stock and the residue of
SIG 425 go was passed to surplus account;
and that for the period Of three years
and three months prior to the merger the
net annual income OF the WASHINGTON
Alexandria and Mount Vernon Company
and the disposition thereof were as fol-
lows: For the months of July. August and
September. 1910, S24.239.O7. all Of which
was passed to surplus account; for the
year ended June 20 1alo. $50. 46s ~: OF
dividends and $50. 466. Al passed to surplus
account; for the year ended June 80 1909
$50 1873 19. of which the sum Of $50. 600
was applied to dividends and $40. 1893. 10
pa ssed to surplus account; and for the
wear ended June 80. 1908, $32, 452 q, Of
which the sum of SIS 600 was applied to
dividends and 522l passed to surplus
account.
Apparent Loss Cited.
"For the year ended June 30, 1908, and
for the months of July, August and Sen
TENDER, 1908. during which time the
Washington. Arlington and Falls Church
Company was still in operation. that COM
pany was apparently operated at q loss.
WashIngton-V Virginia Company and the
WASHINGTON, Alexandria and Mount Yer
non Company for the four years amount
ed to S2A, 559.4S. The yearly average was
S61. I30. 81. the equivalent OF dividend Of
5 per cent on a capital stock Of $1,222,-
797. 40 or per cent on capital stock or
Time 20. 1911. the total outstanding