Richmond times-dispatch. [volume] (Richmond, Va.) 1914-current, 1918-11-16
COMMITTEE WANTS
INCREASE OF FARES
Recommends That Council Allow
Higher Rate for Passenger
Hauling on Street Railway.
LABOR TICKETS COST MORE
Placed at Six for a Quarter, but
May Be Used Until 8
in Morning.
LABOR TICKETS COST MORE

Street car fares in Richmond will be
considerably increased if the CITY Coun-
ell adopts the recommendation of the
street Committee. which was finally
decided on at the meeting held yes
erday afternoon. Final vote on the
matter came on the motion of Mr.. Nell
sen. fixing the fares as follows
Fire-cent straight fare TO all except
school children. after o'clock in ihe
morning. Substitute six-for-a quarter
tickets for "a cent labor tickets. to
te used up to s o'clock in the morn
ing. School tickets viii remain as for
merly. but under the terms OF the mo-
ton there Is no change in the provision
compelling school children TO pay adult
rates on Saturday and sunday and on
other days after O'Clock in the after
noon.
The effect Of the motion. IL adopted
IS 10 transfer large amount Of money
treasury Of the Virginia Railway and
Power Company This sum is roughly
estimated at s2Ss.ooo per annnm;
The motion prescri6es tina, the In
year unless sooner resc:nded. No
clause was inserted requiring the car
company. in consideration OF the IN
ton below the present franchise rate
il conditions justified it. The vote on
the, motion was as foiiows: Ayes
p9'eT Gpns he
OF reaching the vote on the Nielsen
amendment substitute, by Mr. Suli-
van. and an amendment by Mr. Pow
ment was that labor tickets be made
three for 10 cents: 1t only received
the vote OF its author. Mr.. Sulliran.s
motion by prescribing that tho Six for
a-Quarter labor tickets only be good
for the same time of the day as at
present. Besides that of its author, IL
he
Gunst
G. Duke, attorney for the Centrai
the following statement in regard to
profits OF the Virginia hallway aud
power Company. taken from the COM
showing: First. the year: second. the
dividend on preferred stock; third. the
dividend on common stock, and foarth,
the surplus for the year: ..,o
1851. '
lslt-sf s5sse. ps5 cent; per cent; as. slss,,
llsls.s ls,, esssss,. psr cent per cent; & ssi:-
lsls-s per GENT; 3 per cent; ss:2,-
1915 per cent; per cent; $685.
1876 per cent; y per cent: $780,
252.76
The statement contained the follow
I'm 1917. in order. evidently, TO avoid
income taxes on the excess profits. the
as depreciation reserve. This is al
lowed by the income tax law, but it
represents the same sum as the pre-
viouS amounts in years before then
and is a surplus the same as .hc sur
plus in previous years.
The same explanation is necessary
probation reserve. 1t is also TO be
noted that one semi-annual dividend
on common stock was not declared. II
i, had been declared the amount would
would have made the conditions the
same as the previous year and still
resulted in surplus of S5so,olo.2S."
company, stated that tnr figures were
for the whole system. iicluuing Nor
folk. Suffolk. etc, md IN his opinion
controversy. He called attention also
TO the fact that, owing TO inability TO
get labor and materials. there was 4
decrease in expenditures for mainte-
in other years for by reason OF the
lack of stitch in time the company
had lost nine. He called attention
also to the increases granted the COM
pany's men in recent months
Chairman Puller addressed the COM
mittee and stated that he believed that
mond that the city grant the company
an increase in order that the citizens
might get service up 10 the stand
ard. He presented figures which he
had compiled. Other members of the
committee informally discussed the
matter.
In response to Chairman Puller's re-
quest for information on the particular
point Thomas w. Wheelwright. presi-
dent of the company, and Mr.. Williams
stated that there was no legal obliga-
ton for the company to run the West
hampton line at scent rate. nor to
give transfers from the Petersburg
interurban. IT was also stated that
ow! car service was not required by
franchise provision. The further asser-
tion was made that the company could.
without securing the city's consent.
reduce about &c per cent its mileage