Albuquerque evening herald. [volume] (Albuquerque, New Mexico) 1911-1914, 1913-02-14
THAT PEOPLE OWN
TRACTION COMPANY
IS PROPOSED By.
]. G! KLAPPER
Suggests Organization of Al
buquerque Utility Company
and Plan to Finance Pur.
chase and Operation of Line.
EXTENSION BEYOND THE
UNIVERSITY is FEATURE

Ownership aud management hy tho
people nf AlhuquerQuc 81 ia" Alhu.
qucrQue Traction company. greet y
improved H~rtirr the latest ptiuitt-
mcut. and extensions 60 point be-
Aoud thu University of New NJ Ni,rl
aud to ether SECTIONS uf the city. urf'
features ul q pitE which viii soon be|
presented in concrete form Co the
general public by Joseph q. Knapp =.
promoter uud tinancior ot Sew iurk
city. ANA Washington. -. c.. Whu lts
h"pu here Tor some duNF going over
various business propositions Mr.
n lappcTr has discussed Del. piuu with
% number of prominent business men
ut the city and the scheme hes h,,u
pronounced feasible. with every pro-.
poet fnr success provided it .. prop.
etly undertaken aud tho prupIr tsk
huld oi BE- be- the rlEhi manner
Albuquerque has long b',u boo need
ut uu uuprut uu"ut u ite street r.l.
way system" said ar. kuppyr tu-
d"., discussing tho plan ui rcutgaui4-
alton aud common ucrshIp. 'rh'rs
are many elite. in tho United States.
containing l'-s population thtu Al
huuu,rpus where the street railway
-i -tcuis arc mot only better ,lu.pp,d
than tht ono operating here. bat have
greater trackug. uud crtr, man.
more passengers. Ther, O.. uu rras"I
rs %, Albuquerque !drf growing
town h"uld not have better luI
Tics for transportation through tl.
city aud Co th. suburbs Ats plan -
Go FORM t rurpuratiuu, under the IJu
of The state ut New M,Ni,u. 200 boz.
luruu H- tine Albuquerque lIU,'
COMPANY % is suggested that tHr
capital stock oct this oumItu, us
/ '"Uo."oo. The COMPANY TO bee iorW' 4
| shall acquire rWo-th.rd~ oi the stu,'
/ aud hnud- ISSUED Dos the Albututt
! uur Traction oumpaus. Tho Alhb.
| pu|rpur Traction company. { bat, t-.
! 'rrtriuul. has 70 bonded iud.htcdu, -.
! OF about Nils. pOp AMI is bonded iui
! $500. """ The peoplo of 40. ,Iit gen.
! crafty ttr familiar with th. traction
! company equipment. The company
/ Carries Goa Hu average cot tNu Ihuu.-
/ rud passengers daily After urpu.r-
/ INK the control ot the Albuuu.ruu"
/ Traction company thr piHu I- tu
! make number of impru' rmruis. ihr
, lfrt aud MOST Important Goo Hr 800 ,N-
tension from the corner uI south
! ldUh street tud t"ntt"l avenue. lu
/ and h'fuHd the University rl N,r
/ AirNi'n. N Dr. estimated thrt ihr ,uu
/ -iruriIuU of The suuiN"r-ii, extensions
/ Figuring thr distance Ji tvu miles
would ho HuprpvlmatclS t5o.0uN.
Sew '1r.. which would DO. BE- rr,ui
/ 'u Albuquerque. can bD purchased fu,
about fi.,ou ,l,.h. delivered lu CO...
der o." render efficient rrr.I.r. 70
would ho necessary tu oprrHI. 900 least
/ f,U cars The six cars uuu rvurI
| iN fhr Traction company 'uuld nr o..
! mod ul'u 600 H cost uf HpuIutIruuirlE
] sligo" each Th, total ,ut iui
IWr,hH.luE u,t cars would h, $50.
600 end i"r romudriiug odd 'HI.. So.
2oo
"'fh' plan Of. finance s Geo nsu, %, ,
i luuds lpr the bonds now l-eu.d ur
] thp Albuquerque Traction ,umIm o..
amounting fu bout tils.oVn. Iud tu
J IsvIr additional bonds for rr.uriuF
/ the proposed Improvement. tuiHIlIug
about slUN.Uuu All buuds Geo urat
interest ai o. per cent pes auuun fu
i'rr.t tu hr paid semi annually auu
the bonds tu Dee due and payable ,u
! twenty years rom the date ui ISSUE
"fh" suggestion IN made that tht
| Albuquerque luiY cuWpauy iurut
| potato tor 5000 900 This figure b,
pplN used fut t basis ~. amount ul
/ capital stock aud a. arrangement
'oud hri a matter for iututr r"usid
! CREATION.
THE rrurs3uisatiuu and ownership
loi the street galway 100 short would
mean chat the people oi Albuquerque
would own tnn franchise ana The
property The service and equipment
would Doc ur up-tu-dgtr "hd risri'ui
tH ihc pc"pi, of The citN would mako
a. lu other words y would %, up
Go thr pt"pl. cot Aibuqucf9u'