Evening star. [volume] (Washington, D.C.) 1854-1972, 1919-01-19
W.f.HAVEEtbCTED
HEAD OF W.R&E..
Submits Report Showing
Losses by Company De-
spite Record Business.
PUBLICITY PLAN ADOPTED

William r. Ham yesterday was elect
ed president Of tho Warrington Rail-
way and Electric Company and its
subsidiary. companies. including the
Potomac Electric Power Company.
Other officers elected were: Milton e.
Allies. chainpan Of the board OF d.
rectors: Allan g. Hoyt, vice president:
s. r. Bowen. vice president and secre-
tary: A. NJ Fisher. treasurer; A. g.
Neal, controller. and william L.
Clarke. assistant secretary-treasurer.
These officers were elected by the
board OF directors. also chosen yes
terday at tho stocl1holders' meeting.
At this meeting sl.ls1x shares were
represented in person or by proxy.
The present board CT directors waa re-
elected. consisting Of Milton y. Allies.
Charles J: Bell. woodbury. BiaM. y.
Hoyt, william r. Ham, William Loeb.
jr.; Clarence r. Norment, Charles n
Spalding and Col. George Truesdeu.
The executive COMMITTEES: also: re-
ment. chairman: Milton =. Allies.
Charles ]. Bell. woodbury. Blair. Col.
George Truesdell, and william r.
Ham, president. ex-omcto. the euolt.
ing committee. reelected, consists cf
changes were made In the legal and
operating STATS Of: the railway or
Potomac companies
Report Tails Of DsaeiA
Mr.. Ham. ~ president Of the conn
pany, presented his report on the re-
December 81 iast His report eoiiowS:
CONSOLIDATED income account OF the
washington Railway and Electric
Company and all subsidiary com.
panies:
Gross earnings from s9sFaesea. -. .loeel
Miscellaneous income .,........... 0,1ee0
ero.. ,neea. ,,.......... .Tm.s1a0
Operating expenses. insiudisg taxes
and depreciation ............... b.oe91S&os
| Gross income, LEES sps.tins ex.
.penses. taxes and depeseiatioa. q. eSs11SA
Fixed charges ......s..... 1890. a'sSo@ee
su,plu. isesns for u. y.... go. as74ili.7o
Add miseellaseous pFoat and less
adjustments ................... esDA1S
Total .................... SsD.S4kA2
Sinking fund sssuirimeatz. P. =
rayment Of * dividend - pss-
r, laassa ' q s.; di,id;ai 81 con:
mon stock .........'..........s S.0o0
/ Total .....,................ sssaseoso
leaving profit ana les deacit for
the year ........,............s- UtAsoo-so
Showing that We have failed by
said amount to earn the divtdsnds
paid during the year. The seovs.
.. Tas sTs:e IL v; e. the
dencit for the first nine months being
$4s.ss2.06. and for the last three
months Of the year. $l2s.773.63:
revision ss assys s sa s ass y ;qIs &.
counts for the year. 'S.-
:Noss DESPITE Big BUSHES "f' .
while on the one hand the cpMe
panys has enjoyed the largest volnms
Of husiness In. its. history. due to the
war activities Of the government and
the s5ea S. asss s.na ts more
the increased costs Of operation and
maintenance resulting from the war
prices of labor and material. This
condition has been more extreme dur.
as result. Of the Awards of the.
National war Labor Board and the
great increases IN wages resHurs
| therefrofn. - -
"Our gross earnings from All sources
for, the year 1913 have incrsased 81
789,4s6A5, compared with an average.
| condition for the. three years thinner
diately- preceding the war. Operating
expenses, taxes. depreciadou ana n.
terest, however. have increased $e,..
able for dividends, and other chaSgss
from 81, o50.17o.ss to ts74.111.7e. . de-
crease of S5.s per cent. : - .
During tho year the company has
| carried 104.277.0es ;psssengers. .ef
whom 2s.oo2.52s were carried on frse
transfers. -.-..-
Light Company Also Busy.
'-The Potomac company has incrsas-
toners from 35.207 to 37.757. an In
crease Of 1850, an increase somewhat
smaller than usual on account OF the
restrictions placed upon the company
as a result OF the national policy OF.
reducing extensions OF service 70 .
plant is by far the greatest In its
history; 172.ss1.o4s kilowatt hours
have been generated, an increaSe over
the preceding year OF 2S.z per cent.
| It has also been necessary. to operate
| the older plant at 18th 'and stre1ts'
| which had an output OF 2.3bb,2s4 ktlo-
watt hours. The company burned Ill.,
e66 tons of coal during the year at .
cost of S9l1.9s2.48, an increase over
the preceding year Of over % par cent,
Shows Increase In Wages. ~,
! '.rhe pay rolls Of the company. fss
the year amounted to $s.4ss.1ss.z7. IN
increase over the aveFags for the
three.year period before the war Of
Ss33,s4O.70. During the last three
months Of 1918, after the increaes In
wages resulting from the awards %
the National War Labor Board had 6a.
come effective. tho wages increased
from $3sI, 1865 to $7s3.sS2.6o. or more
..The company has operated through
out the year under extreme dtmcUltlAe,
due to war conditions. Employees NUM-.
berinT 295 left to enter the military
service Of the government and many
others loft to accept other employ.
ment, The turnover IN labor has oeen
suited in q lessening Of efficiency. We
now have in our employ ~ regularly
employed trainmen, ~ compared win.
843 at the beginning Of the year. an
increase Of ISL. This increase. how
ever. represents tho employment
through the year Of le2S trainmen.
and 1888 left the service.
Improvemsnt Policy Followed
In order to properly meet it, Oh
legations the Potomac company has
gone forward throughout the year In
greatly expanding ito plant. A new
IL 900 kilowatt turbine has been In.
stalled with four 1.oo0-horsspo.er
boilers and other necessary equip
ment Including additions to the build
ings and the erection Of two now .
NIr