New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1913-01-29
PUBLIC UTILITY NOTES.


struction OF it's first line early IN the
spring from Paducah, Ky. southwest to
Murray, which is about forty miles. For
this purpose the company is expected to
issue shortly S1.500,o00 bonds. IT. c.
Rhodes, Of Paducah. is president and +.
NJ. Smith, of Paducah. general manager.
1t is the plan of the promoters Of the
company to include a system of electric
railways. with electric light and power
systems, in Southwestern kentucky, ar
gregating about 21o miles. The company
is capitalized at s1.75O.oO0 outside Of
bonds.
Advices from Sharon state that the Tri-
state Railway and Electric Company will
eXpend approximately s2.500,00O for new
improvements. \ new power house, to be
built at East Liverpool. will cost $1,000
600, and a new -ldlowatt turbine for
the present power station is to cost $780,
O0O a new 2.?00-kilowatt turbine for the
Fallston power house. at Beaver. Penn.
will also be installed TO cost $4,000. All
the machinery. IT is stated. will be fur
nished by the Westinghouse Electric and
Manufacturing Company
The City Council of Cleveland, at the
suggestion of Mayor Baker. will pass a
resolution TO take over the Cleveland
Railway Company. provided necessary
legislation by the Legislature can be Sc
cured The ordinance will then he voted OH
at the next municipal election Under the
,.fatn tl,A oil
cannot sell traction bonds. The city must
raise s24,000.o00 TO take over the prop
critics. The outstanding capital stock of
the company is sl5.O75.6oo. There is also
bonded debt Of slo.0oo.000.
II Is reported from ottawa that the
Dominion Traction and Lighting Company,
Limited. has been incorporated, with a
capital OF $4,000 900, and with head
quarters at Toronto. 1t is stated that the
company was formed 10 take over some
existing public utility corporations in On
tario. The names of the incorporators do
not disclose the real parties in interest,
but another view is that the company is
Mackenzie & Mann enterprise. because
II is provided that the operations OF the
company are 10 be carried on throughout
the Dominion Of Canada and elsewhere.
There is clause giving the company the
right to apply TO Parliament for enlarge
ments OF It's charter powers.
The plant of the Riverside Water Com
pany will be sold TO the city of Riverside,
Cal, shortly Residents of that city re-
Gently took a vote on the proposition to
issue sl.160,00O bonds Tor the acquisition
OF the Riverside company and for the eX-
tension of its municipal water supply sys-
TEN. The company recently issued $751;
600 5 per cent notes, which were to he re-
tired either by a bond issue or from the
proceeds Of the sale Of the property Ia
the city. As the city has voted to take
over the property the notes will be retired
from the purchase price.
The Holton Power Company. which OPP
crates electric light and power plants and
interurban railways in the Imperial Val
ley District OF California. reports gross
earnings for the ten months ended Octo-
Der 81. 1919. as sl7s,G66. az compared
with s1ls.S09 for the same period in 19l |,
an increase Of s63.S5G, or 50 per cent.
Net earnings for the same period were
s76.7s4 as compared with $685. for the
corresponding period in 1911, an increase
Of s39.ifs. or 1oJ per cent. and a surplus
Of s3S.s13 as compared with Sales. an
increase OF s34.756. The company has
complete ownership OF all available water
power sites In the district and is free
from all question Of competition.