The Washington times., 1913-02-02
IN LOCAL FINANCIAL CIRCLES
By GEORGE H. GALL.

OF the Georgetown Company's majority
stock, and as to the future relations OF
the two companies is the speculation
which is giving interest to the approach
Ing meeting. 49,
The executive committee of the Ameri-
can Electric Railway Association, which
, has been holding conference in New
| York Friday and yesterday, has ap-
proved a report Of committee to de-
termine the proper basis for rate and
fares. which recommends that the ride
on street railways for a scent fare be
not over four miles. The report says:
I'm business such as that Of the
electric railways, where approximately
3S 1-3 per cent to 10 per cent OF the
traffic Is handled within three to. five
hours out Of the twenty-four, this rep
resentfng practically the lowest load
factor Of any public utility. and where
paid are increasing by leaps and bounds,
II Is essential that the present scent
fare be limited In distance, and for the
street railways Of $1,000, 900, annual gross
earnings. and less, as outlined In your
instructions, 1t was apparent that the
length of the ride should not be over
four miles"
The committee was not prepared to
recommend a uniform and strict zone
system such as prevails In many Euro
pean cities, but that 1t favored the
maintenance Of zone system for g.
cent ride not over four miles, with an
additional fare or or 3 cents for dis
tance beyond
The report submits a large amount of
data and reaches the conclusion that
this committee, from further study
and as shown in these memoranda, has
been confirmed in the conclusions OF
its previous report in that the street
railway business as conducted In this
country, Is selling goods below cost I"
-
The report of the washington-vir-
ginia Railway Company. included In the
report of the Washington Utilities
Company. to Congress. for the eleven
months Of 1872. january to November.
for It's operations in the District of CO.
lumbia Is as follows:
Capital stock. preferred 81 900. ooo 90
Capital stock. common. .......:.... 2ooo o0o %
cspitsi stock paid To- 10. sommon. i.ssSs@.o 800 % %
List OF stockholders. holding Of each
tsee attached 1ist.)
Total funded debt .................. & 500 900 70
Total floating debt .........-....... A.sis90
Average rate Of interest per an
mum on funded debt (per cent?. 6and 8
iron, District Of Columbia. -. aos, 81 Il
Cost OF building, District of Columbia None
Cost Of fixtures. District Of Columbia None.
Cost Of land damages. District Of
Cost Of car eauipm.nt. District Of
Cos, Of road equipment. District Of
Road a Operated. District Of coium. ~
Length q double track. District Of
Columbia, miles .................... 15i52
coiumbia, pounds ................ 50 and ss
Number Of cars:
Irail cars. ...'.-..-....-..-....... .
Motor cars .................-..-... Ii
Average time consumed by car.
Repairseroadbed. Ridibd railway. building.
fixtures District Of Columbia):
roadbed: real estate District OF
Columbia) ACKNOWLEDGEMENTS. 1,3H.19
Cost OF general superintendence 2If5.M
Salaries-offcers. clerk, agents:
and office expense. District OF
Columbia ...-.........-..-......-.- S4So8O
men men. District Of Columbia ....'.. ~ anza
Water and other taxes, District Of
Columoia ...............;.........:. hu.es
District Of Columbia ............. Llasoo
Rents and rentals of other roads. 7.s7s.4S
Of coiumbia ........................ 1.snE
trict Of Columbia .................. $500
bia ...,..'................. .. - s.sss.s7
Payments for maintenance and re-
pairs. District OF Columbia. LnGie
Payments for interest District Of -
Payments for dividends, district Of
Total payments. District of Co
Persons killed and injured. District
Total number OF passengers on Po-
tomac Highway Bridge. Nov. 20.
One person killed and one injured by COL