New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1912-12-22
PUBLIC UTILITY NOTES.

Advices from Winona, MINI, state that
the la Crosse and Winona Public Util-
.tlcs Company will be taken over by the
Wisconsin Railway Light and Power
Company with a capital OF 81. 2O0O00. The
Wisconsin company. it is said. intends
10 make a bond issue Of s2,59OO0.
An Offering OF Central Illinois Traction
Company bonds Is expected IN a day or
two by y. w. Halsey G. CO. There has
been no official announcement, as plans
have not been formulated as yet.
The Union Light, Heat and Power Com
pany is completing it's electric power ex
tension to Dilworth. MINI. and when
this is done the Northern Pacific shops
will be electrified. A contract signed
with the railroad company some time
ago covers power to the extent Of 300 to
400 horsepower for the operation OF shop
machinery at Dilworth. The extension Of
the Fargo and Moorhead Railroad Corn
pany to Dilworth was completed and tho
formal opening Of the line held Tuesday.
December IL. since which time hourly
service has been maintained. The eX-
tension OF this line enables many rail-
road employees who have been living at
Dilworth TO resume residence in Fargo
because OF the improved transportation.
II IL said that y. w. Halsey & Co.
through its san Francisco office. will
soon make an Offering Of $4,000 first
and refunding bonds OF the San Joaquin
Light and Power Company. which have
been approved by the California Railroad
Commission.
According to a statement issued by the
company or October 81. 1912. the COM
panys operations extended through seven
counties OF the San Joaquin Valley. and
into siXty-two cities and towns; 1t had
1906 light consumers. l.26 power con-
sumers and IA gas consumers. with 332
miles OF 5000 volt and 81 miles OF 1900
volt transmission line, and l.1s5 miles or
distributing system. The report also
shows that the cOmpany earned for nine
months. ending October 81, 1872, Slg1, 1872
an increase Of s9ls.7ol over 1911. Net
earnings for the same period were ss6,S'6
an increape OF Sl74,s4O and the surplus was
!2S7. sos. an Increase of ss4,j9S
The traction question has been occupy
Ing the attention OF the city OF Chicago
for some time. Commenting on this
Mayor Harrison says
plans for traction merger and compre-
hensve subways are well under way and
should progress rapidly to early consum-
nation Basis for fixing the value OF
elevated roads will be the cost OF them 10
present holders plus bonded Indebtedness.
The plan proposed provides an amortiza-
ton fund and the purchase Of stock at
a certain TINE In case the city does not
elect to purchase the stock the debt will
DO wiped out by the amortization fund
and the city will in the end become the
owner OF the property
II this plan is followed, by 1852 all the
street railroad properties would ne
owned by tho city, and by 1899, without
any expenditure by Itself. the city would
be enabled to expend NS0,OOO,Ooc for sub
ways.
The plan. IL is said. would provide a
larger percentage in net earnings for the
city's share: about 20 per cent Instead
Of ~, and the companies would be al
lowed I per cent on their investment in
return for this. The Sl5.O0o0o which the
clty now has as IT'S share OF the earnings
OF the two traction companies is included
In the plan for the subway.