Evening journal., 1913-09-06
COMPANIES
SEND REPORTS
TO COMMISSION
Traction and Gas Concerns
Show Business Done
During Year
TO KEEP LEDGER
ACCOUNT OF AFFAIRS

At the regular meeting Of the Board
Of Public Utility Commissioners yes
terday afternoon the annual operating
reports Of two public utilities, the
Wilmington and Philadelphia Traction
Company and the Wilmington Gas Com
pany, which had been requested sew
eral months ago by the commission,
were received and read The traction
company reports covers the total
amount Of business done in the State,
and the gas company's report their to-
tai business. T. w Wilson, vicepresi-
dent Of the traction company, stated
that it would be impossible for them
to make separate report Of the bust
ness done within the city limits over
which alone the utility board has juris-
diction.
J. Jackson Peirce, president of the
Commission, stated before the trae-
tion company report was read that
Mr.. Wilson had informed him he did
not wish the report made public
Mr.. Peirce said this would be a aues-
ton for the board members to decide
After Some discussion, and no opposi-
tion on the part of the members the
report was read.
~ report of the company for the
fiscal year ending December 81 1912
was separated in three parts to cover
their railway. electrical and telephone
departments. The figures in rounC
numbers for the railway department
follow:
Gross earnings, s622, 900; operating ex
penses, 1922 900; net earnings from
operation, 100000; taxes, $4,000; in
terest and rentals, 1921 900; balance
with no deduction for depreciation, S62,
000 Improvements, Sal 900.
Electrical department: GROSS earnings
1878 900; operating expenses, Sl6s,o0o
net earnings, S205.000; saxes, SlO9S0
interest and rentals, $l26,00O balance
S67 900; Improvements, Sl3l, 600.
Telephone department: Gross earn
ings, $4,000; operating expenses
$4,000; net earnings, $4,000; taxes
S1,920; interest and rentals, $4,000
balance, $4,000; improvements, SIS,
900.
The summarized report of the ga
company for the year of 1912 fol
lows:
Gross earnings, sssO.s71.4s; oper
ating expenses, s193, ,39111; net earn
lngs, s197, ,2S0.3s; bond interest
t11s,117s2; surplus, s79,16246.
The two reports were ordered fiji
ed Following this Mr.. McMullei
stated that he believed the boar
should keep yearly ledger accoun
of the public utility companies oper
ations. and his motion to that effec
was carried unanimously.
II is proposed to have in convenier
form such items as capitalized valua
- tion, earnings, taxes. city. county an
state, value of buildings and eouir
ment, with physical valuation to h
filled in later after the proposed inves
legations to be made under the dire,
tion of the board, when City Counc
votes the necessary fund for the pro
ject. Invitations were given to NJ
Peirce and Secretary Bothum to CON
pile such a ledger account.
In Mr.. Bothum's absence, he bein
on his vacation, Mayor Howell, VIII
was present at the meeting for
short time, had Clerk OF Council c. \
Dillon act as secretary to the con
mission. The mayor promised th
board that the money to conduct th
Investigations would come froi
Council in due time. Council will /
glad to assist you" said the mayor
There is nothing Council likes I
do more than what the people want
He hoped the board would establis
a reputation as dignif1ed and firl
body.
Mr.. Dillon informed the board tn
the request for funds to conduct Il
vestigations was now in the Counc
committee Of the whole, and tn
Council expects to take some actic
on it the third meeting this mont