The Washington herald., 1912-11-10
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s,cur enneuSaoce d D1eDAon6 0Afeeea
n ~ NssS6w nlnAss slI11eD ~ -
.ee.o1tv - : utfaie1ss e6un1lsloga.r eeSd
= q IN. nroe11e7t of eAgSAN1ertee1
aseuraty - TrusG cu1ppny hnd ces>o
r. exeuutivA oouznat&es of ~ sbeen4 3
: directees sf IL WasAingtpa Railway -
EIec4ric CompaAy.
eve have always found that vaers :
hoav Of str,etly nenpaxtisan bosanes
vnen. WIN = knowledge OF .methode ano
~ 6uriness, have formed the uehues
ccr,minu3on of State II was an cay
,,.fter 10 SECURE falr treatment II
nan Talephone Company had . sqvare
and- above-hoard proposition TO prsseus
Il obtained what Il Was entitled 20 ano
II not. the commlssionA Of business me.
had not the slightest hesatancy IN sssins
.srn, th,s. reason write me down, 81
eavorable to the appointment Of . pubic
ufilifies commission IN Washinesc1, q
,s'ssIpterested, square. and untrammeteo
hoiv 81 business men. They wiz iook
after the rigf,ts Of corporations ana OF
cItipens and shareholders In corporauons.
! favor Q utilities commisnon
~r am heartily in favor Of . utilities
commission for the District, said how
ara g. Reeside. vice president OF tne
washington Gas Company. 7 believe
that it Is absolutely necessary. Ine
Washington Gas Light Company withous
sxes 10 srind. seeking only its lesitimate
riehts n with me In the desire Tor z
utilities commission" y
1T looks ~ II utilities commission y
needed.
r i
From time to time. in this column.
.t.tistics. more or less important. OF
street railway corporations' eafninss &C.,
h.ye appeared. These figures have been
taken from onciai reports for the year
ended June 80. 1s1s
Here are comparative figures OF tnfee
railways that may be interesting to
readers Of this column. II
Capitalixations per mile OF the Cspiial
Traction Company - &ss.zE. ., r. .ne
Washington Railway and Electric Com
pany Hs6 rs; Of the Washington-V virginia
Railway Company H2.2ss
The difference between the capitaltza-
ton per mile Of thesWashington RahSay
and Electric Company must DO iargey
accredited by the fact that II II the sole
owner and. proprietor OF the Potomac
Electric Light and Power Company.
This corporation has an autno1xeo
capitalization Of ao.oco0o OF Wnicn -
COO 600 has been issued; the balance being
still unissued.
What is the value Of the Potomac Elec-
tric Light and Power Company stock!
It /. by far the most valuable asset OF
the washington Railway and Electric
Company. It paid $I75.00o divfdends to
the former corporation for the fiscal
year ended June 50. 1872.
It is the electric light and power com
pany of washington and the District,
and as such has q great preaent and also
future before 1t.
in my opinon." said the president Of
one of the big trust companies, IF the
washington Railway and Electric Com
pany wished to engage IN any new
financing operations, IT might SELL Poto.
mac Electric Light and Power stock al
$500 share
The Capital Traction Company charged
of for depreciation. se24.oA. The surplus
At tbe end of the fscal year was $lo4.-
116. The company paid damages ho' III
juries &C., Of $ss,ffo
During the year ended June 30. 1872,
the washington Railway and Electric
Company disposed of 1884 shares OF tne
Great FaIle Power Company. Wnere oio
they go? Who bought them! - Dali.
Probably the Aaryiand-VirEinia hail-
yay Company, now the Washington
! Utilities Company.
The total cost Of the Washington Rail-
wav and Electric Company. stocks pur-
chased. equipment and other property to
June 80, 1919, was S2s.1B.S2
The total cost Of the Capital Traction
Company to June 80. 49,, was $io'Si'4zo'
indicating that the company mao an
actual mileage value of SSN,e2, or over
5000 q mile Of actual value not cap
italised. 49,
Eugene E. Thompson. Of Crane. Paris
& Co. leaves this evening with q party
Of bankers and Representatives Of bond
houses of New York. Philadelphia, Balti-
more. Boston, Chicago. and St Louis a
the guest Of william Solomon q 20.
for q Seur Of inspection OF the 81
Louis and San Francisco Railroad Com.
pany. Especial attention VIII Dc PAID
-. Nev OrIeans. Texas and Mexico
division.
The marty win take q special train
from 81. Louis and win make an ex-
tended tour, going to Dallas. Houston
Brownsville, and New Orleans. returning
via st. Louis. -
W. p. Richards. asseDof OF the pas-
trict, viii be the principal speaker 1t the
Tuesday evening meeting Of the coium-
bia HEIGHTS Citizens Association.
On that occasion. Mr.. Richards VII
defend the Validity and fairness Of the
assessments made from 1s6 to isaz. IN
relation TO the claims OF Congressman
Henry George ana others, who seem To
be imbued with the idea that the DIS
tx3ct does not pay its fair share OF the
operating cost Of the District.
At this meeting Mr.. Richards WI
show, by means Of . large map. the
sales Of property ip various dtstrscts. and
make comparisons Of sale value and a.
sessment basis ~ made BY hamseif oE
his assistants under his supervision.
Net results are said to be confirmafory
of the contention that the assessment
have been fair.
In the Northwestern section Of the D4s-
trict, taking property valued At <s'oel
TO $4,000 or $saooo. with an aeUegate
sales totaling <00.ooo. the assesment1
show q loss a. compared with actual
sales Of about 500 90: that n the as
eessment valuation was &1o.eoo under the
sales Valuation.
In the southeast district. taking houses
OF q value Of about 3Aeoo. the aggregate
saaes slightly 1exceded the assessment
basis.