The Detroit times. [volume] (Detroit, Mich.) 1903-1920, 1915-02-25
CAR BOARD Is
WAITING FOR
d. u. RS REPLY
tce.s'..ea IRE. r.ss o..,

Element and will put It up to the stock
holders. President Hutchins. several
days ago, pointed out to the commits
sion the necessity OF having about 80
days In which to round up proxies. A
majority OF the stockholders must be
II not present In person.
in the special meeting. to make Its
acts effective, and President Hutchins
declared that the securing Of proxies
10 usually Q long and tedious opera
ton.
There are many points to DO set
tied by negotiation, even II the ID. U.
r.. accepts the commissions oher.
One Of the most important involves
the use OF. city tracks by the d. u.
RS interurbans. This point has not
been discussed 1T any length by the
commission, but suggestion has
been made that some such arrange
ment ~ the d. u. n. now has with
it's aniliated interurban lines may be
made. zach freight car entering the
city pays the ID. u. r. I1 cents per
car mile for the use of the city
tracks. On each passenger car, the
ID. u. r. collects city fares, and pays
the wages Of motorman and conduc-
tor, and IN addition. two cents per car
mile to the afiliated company.
The d. u. n. will be expected to
maintain waitingroom, as It does
now.
Under municipal ownership, the
street railways are compelled by law
to pay taxes on their property, and,
therefore, taxes are figured In the
commissions estimates. Il has been
suggested that under city manage
|ment Il will be bold assessor who
will boost the valuation Of the city
lines each year. in order to take
from the street railway Golfers and.
therefore. Indirectly from the car rid
|ers, q larger amount OF money for
general city purposes. The surplus
figured by the street railway commits
sion, in which an annual increase In
taxes IL estimated, II thought to DO
too low rather than too high.
Another point under discussion 10
1.-THE investment Of the sinking fund.
Its earnings are estimated In the
commissions figures 1T only three
lper cent. The city's sinking fund IL
NOW earning about I per cent II n
POINTED out that the street railway
Icommission may be able to call in
Ga and per cent street railway
bonds, from time to time, paying FOR
them out Of It's surplus and deprecia-
ltion fund. II has also been suggested
THAT the city sinking fund commission
lmay cooperate with the street rail-
way board in the purchase Of securi-
tiles at favorable moments.
The commission, II n stated, has
mot submitted its offer to the d. II. n.
with any intention Of defending II as
1.-The wfsest possible solution OF the
street railway problem. n ID ready
Ito receive and listen to criticisms of
1.-THE scheme. and will welcome any
lreal assistance which n offered. The
feel. however, that
nothing II to be gained By delay, and
THAT II the citizens Of Detroit really
desire municipal ownership. now n
1.-THE time 10 attempt 10 get II, II Il can
Ibe obtained 1t fair price.
The commission 10 contemplating
aaking the citisens Of Detroit, IN the
spring election, for 92,000.00o bond
Issue to finance the proposed exton-
sions Of the Kercheval-ave. line and
lof the Grand Belt line ACROSS the
northern part Of the city to NJ n
| liottave.
Attorney Alfred Luckins. Who has
been asked To serve as special ooun-
lssf Cor the street railway oomm1so1on.
Twas In confsrence win CorDosoouo