Omaha daily bee. (Omaha [Neb.]) 187?-1922, 1916-09-19


!. ton OF the Committee.
. As expert advisers. the COMMITTEES
-, selected Mr.. Bion ]. Arnold Of Chi
!. cago, consulting engineer in private
practice. who has served municipali
. ties and private interests In some Of
I the greatest engineering undertakings
I OF our time, and Mr.. Edward N. Strait
, engineer In the statistical department
OF the Wisconsin Railway Commits
B sion. Mr.. Strait has been connected
with the Wisconsin Railway Commits
sion during many years Of its active
, service, In which many Of the rela.
tons between public service corpora
lions and municipalities have been
determined by 1t. The Wisconsin
!. Railway Commissions decisions have
been followed quite generally by
courts and the commissions Of other
states. The selection Of these ex-
perts was approved before their en-
ployment by the City Council and the
Electric Light Company. These con
sulting engineers spent several days
IN consultation with the Committee.
considering the many phases and de.
tails OF Its work, and each Of them
has rendered to the Committee a vol.
luminous report made up independent
~, stating their conclusions and re-
concentrations from the facts pre-
sented by the audit Of Haskins and
Sells and such matters as the Com.
mittee presented to them.
1t has been the purpose Of the Com.
mittee to secure from all available
sources, including the auditors, con.
sulting engineers, technical works
and current publications, all the in.
formation possible bearing upon Its
WORK Inc committee has spent
mucn tme IN us WORK. 1t has held
several all-day sessions, many half
gay sessions and many more shorter
sessions OF TWO or three hours each.
IL mas held conference with the City
commissioners and the representa-
yves OF tne Eiectric Light Company
paiues W WHICH inc puohc was IN
u'eu ~ mas oeen .he pohcy OF tne
ou u ho' " noia conferences
"Nn o''ne' .ne oi'y oomhiss'one,s
p..e'o' VI INC I,e'.iio
Msn' Cumpsny separately oe.eV'ns
'n"t JUN VI 'he pa''ies silou'o We
peeen. "' any conference WHERE INC
ho snao;.,I, ,aa,,,..S IT,. "
Ernr, an oxan,,,ot;.n - A. ,u..u
nation oh,o,rad hr w. on,,n,i.taa =.
ohoua sot ,orth ~ a.s.,,...s a..
.s ,o,rows. ~ '''o ''n''
49,.
a ~nen me present Eiectric
nsNe COMPANY 'ooN o.ei lne plant
nhvs;c.I v.,ua -, .ha n,a,t y. ~,
time was m A. g. A s7oA ,7o 20
From that date urti, no ooth d.u
of lime 1e15 tho ,comnanv made I'D.
ditions to the physical plant amount.
ing to III. & s. Ex E) .444174727
---
Total ,.. s5e3s121 90
And r;.hdr. ,,or, ~. ~. a..
comn,oted danr.o;.t;on arr;nn 49,
ner;od amopnfinp IN m q G Nv r,
Il 400 asa &c
So that nm tbe sOtb dav of June
1915. tbe amount invested in the nbv.
steal pIant was 81 aO6 65s IA
IN ~. o.+;,,,.os so.roe,..,.. :,
-. 80. -
u,as &c.. p. -. 1000 s"I pe
oo,h 1o1r w. soaua, ,ua. 80, .,,o o ou
;nuo,...au. az suas - VIII s,' I1 p,"r ~
,h.,u. 49, -. s..u.,.., 'e '.o
,s.i.;su o..s~ 49, 1900, -.
a;a.;oa -, -, p''''' 'p'e
~ '
he"'ine invested IN the physicai
PAM ai'er aeuuctins accrued depre-
'la'ioi' as Vi June oVtn' !sio......
OBSERVATION-DISCLOSURES Sa'ls4'oSo'os
b. we ind that during the six
months ending June, Both, 1915, the
average working capital invested by
the company in the operation Of the
business was, III. & S. Elk CO..
.................... : 24l,2SS.3o
c. The Committee has given care
full consideration to the question Of
development expenses, consisting OF
accumulated deficits from early loss.
es, during the period while the bust
ness was being built up. A some.
what similar claim is sometimes
made In investigations Of this charac-
ter, under the head of what is called