The Hawaiian gazette. [volume] (Honolulu [Oahu, Hawaii]) 1865-1918, 1913-04-01
From Saturday Advertiser.

bOVn SUES OF tne 1ranchSe question,
one from the viewpoint of Governor
Frear, the other from the side of the
Honolulu Rapid Transit & Land Com
pany, as presented by President l..
Tenney Peck, were heard before the Sc.
lect Oahu senate committee and other
members of the senate and house of rep.
resentatives as well as a large number
of interested citizens last night. For
three hours or more the two speakers in
turn addressed the crowd which filled
the assembly room of the house of rep.
resentatives.
Governor Frear opened and closed the
argument, if such it could be called,
taking the franchise as proposed by him
self section by section and pointing out
the rights it would grant the company
and the benefits which would be CON
ferred upon the people. A long list of
figures, showing the great care which
must have been taken by the overnor
were presented to show that under the
present franchise the eoRpany's earn
ings have increased US per cent. over
the business of the first year and eighty
FIVE per cent. each year for the past
five years.
"This is not a bad showing,' said
the Governor, "and would indicate that
the outlook is pretty good
This caused merriment among the
spectators
But this is question which should
be gone over carefully continued the
Governor, in speaking of the clause in
his franchise limiting the dividends
which shall be paid by the company to
eight per cent. cit should be consid-
cred by the committee as well as by
the company. Probably changes should
| lie made.r
Five Per Cent, Says Peck.
President l.. Tenney Peek, on behalf
of the company, took issue with the
Governor.
'This company was organized to
meet conditions with twelve miles of
horse transportation in Honolulu he
said. "At that time 1867 per cent
was not in sight Two per cent was all
we could get out Of it after the old
stockholders had sold out and returned
to England. The property has cost
S2.000,000, The bondholders and stock.
holders, combined, in the past eleven
| years have received about five per cent
on their investment. ] will not attempt
to state what difference that is from
1867 per cent. l."
recent letter to The Advertiser
published by President Peck and print
| ed in leafiet form was offered to the
committee to show the history of the
earnings of tho company from the time
! of organization.
Richard Ivers was called upon Il
rive his version of what returns were
figured in the proposed franchise anc
as TO what constituted twenty-five
| per cent addition in stock for develop
ment.
President Peck again took up th'
argument, pointing out how the com
pany had operated empty cars fo
many months in Manoa Valley befor,
passengers were finally found TO patro
nize that system. lie told OF how nm
der the present service person car
ride from ten TO twelve miles for I
| nickel, while the present franchise stip
ulates that the company need not car
~ a passenger more than six miles fo
five cents.
The Zone System.
"Yet the Governor would make tn
distance still iurtheT,h said the presi
dent of the transit company, 'an'
give the commission power 10 increas
this distance and reduce the fare, il
eiti0s on the mainland 1t 10 clalme'
that six miles Is a reasonable distanc
for one fare. In Europe tie system
ara operated ia zones aud additions
fare is charged As each zone ID entered
~ must SAY that some features pro
posed IN tho Governor b bili nfr good
lint are We 10 get the oRht pef cent
WIll tho legislature do the squar
thing b. us sad give us contract thu
viii insure iAai eight per cent Ia tl
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