Evening public ledger. [volume] (Philadelphia [Pa.]) 1914-1942, 1917-03-29
MING TELLS COUNCILS
TRANSIT LEASE is UNFAIR

80. 80 - ~. a. o,Lod IN hold
I ~ y s,... fro,, avery con-
ne oonpa"y nsin s,i 49, oi,,, 90 giyen no
| eenos VI .ne lu'u,e' ~ 20 ,ha nnonaye.
ums.' . vi enso'Ne so"''o' "
iieit or serVice'
| THE preferential payment asked by the
| company is based in the main upon an en-
| tirely different principle from that OF the
| New York preferentials. The proposed
| Phiiadelphia preferential Is mercy 10, plo
| tecting tne company asainst ioss VI - ~
| income. The New YORK preierens'a%Is % W.
| devised to make the pooling OF revenue
practicable and to establish the company
credit so that about 80 per cent OF ,ne new
| capital could be obtained tnrough the eoih-
panfes.
''The companies are protected in very
little degree against loss by reason of traffic
diverted althourh the bulk of the loss
will fall on the contracting parties though
subsidiaries. The estimates Of financla, re-
eun,urs -, op sho, H., thore uii, he deficits
- 80. "a noo oon .. az non oon nor vear
| to tbe citv In the earliest wears of the
contract.
while the CITY will be groaning under
this load the company will be carrying no
part of It. it's income being securely pro-
tected whatever the contingency. 1t will
be quite as hard for the city to carry this
deficit by additional taxes as II would De
| for the company to carry part OF II by tor.
going portion OF It's DIVIDENDS Aitnousn
the companys credit shouio pc strehs s'neneu
py the proposed contract almost W ue
sree s Vi suarahty py 'ne ely, 'no uon,r' na,'ita,
a. Su'ii Iat,'uue , III ii,'e ~ ,a,,o.o,
te u'e 10y ."a, Sc MI iLt - - - o.
. ~ .''y &c. .nI. -, ,,,,r
go ,r, s,"n "a. ..'. II. rfon tn tha oxtent
nf sao ono ono frnn, tbis cause d,rinp ,he
80 y. SoO,'Vp,VVv s ~ ,t ,,u', ''''' .'''o N"
~ ,.
IL goes without SAYING that an nissru s
[nen' Oh tnis cnaracter' GOVERNS pei, PEI ~ "
nity years, ailectiiis the coli,iolt "u .r W.
late oi eVers oit,Se' sSen mn oon nsa tho COL
pel.uie . "a 9nei S.vu,vvVOS' ~ ,,o 60 o0o
49, nnn CIV iIn - s ~ ,,,,,;storobIe
tornos s.faIv o,,arding The interests of both
tba ~, rtIas ,rbo forn, ~ Tho nronosal sub
r,ittad contains MANY ,n,nortant clauses
which Leave the citv omen TO large losses
or ybich ar, un,o,tsi, Of ipternretation"
ONE F1VE-CENT FAKE
Discussing what the Director holds to be
the inadeouacv of n universal fve-cent fare,
tba renor, reads.
,,,. ,,., ,u
it must De eVloerit tns.t ul'ue tslne on
the authorized and established rate of fare
will not meet the demands of the present
system as now constituted. and carry the
cty's program as we'll The city is not
willing 10 aeree in such increase in fare
as would benef,t tho connanv because the
nresent fare would he annie for its needs
~ the cor,r,rv yere not overcanitaIized
ar .n. .,,,to,, ,.,a,i ~ Sou,,,,,-
,.s Woii .ay o.s
s.i, o ' - ~ ies,
.,Ie pttet f en1i"l payiiIene Vi nS .I -
pny,, naoasr n.U. onu system n. ao o1 .na
ol,Is e.essaiy "neii' Oh sIoouiI. "a .ne
ooSt ol co-operatioii OF iriehoiS conipeli,ioi''
tne Iare is lilsuincleht 10 cover ,he REQUIRE
| merits OF poth systems, ana the company
Iwiilcl mas no o,ner source Oh income, Is
| 10 pe projected. Inc CITY, "hch mas other
| sources than the fare, must assume any
| shortage OF net income.
| me certainty OF large uencit may De
| regarded as inevitable IL the citys pro-
! gram or construction and fares be carried
out as now Planned, and TINS dehclt VIII
| -, cns,s. W." . p uelpI" LapI' n i'
| Svster than ,,,itb ~ indanandant onorato
| Tho ,dr.n.aga 80 .ha phiiodn,,bio por;,
| ,an,t C "a "a -, une .a. isap,u ~ t,
| fara he innreas ssa a. ~. hiabr IT,
or r. a charge FOR transfers he n,ado Ths
sdvantaea os co.oneratIon WITH tha pbi,, dei7
| phia Rapid Transit Companv in this under
| taking was TO have a unitsd svster, With
a universal five-cent fare and free transfers
!
AVolDS DETAILS
The report carefully avoids making spe-
cifc recommendations as to exactly how
this estimated deficit should be met and
recommends That city Councils take steps
at once to settle the terms and conditions
under which the new system shall be oper-
ated.
In connection with the Directors inti-
nations that an independent operator Tor
the system mlgnt De preIeraple 10 having
the transit company operate the lines, II was
learned today tnat part or the ieglslatlon
dratted py me Direc,or' Wnicn IS now reaoy
Tor INTRODUCTION IN tiie STATE Lesisia,uTe, is
uesisneu 10 ~DIoauIn ~ ,ie po"eis VI t''e Iuo
nc eetNloe no,,,s DO SUI na,as an eA'e,,. u.
INA. .ne ,onsanaays ~ ~ go, tSn -,
's.a,,, 10 ~ ,ere heinr oneratad b,, , oov,1
s,tnn oarnanv " o
r, ..a.,,.. ~o,,,o,, -...,o. n,.
lne uen na,,aroas ~ ha asis ~ foJn
.unne hatn,aan tha citv ,nd tho oo,r,ran,,
somo,,
FIRST. me COMPANY snail ~ pos
| sipie, auope /" pioei an "oii WI, "i.''
ma.eIy eieoe at. RESPONSIVENESS. us nttn o, n, us ~