The Lake County times. [volume] (Hammond, Ind.) 1906-1933, 1919-08-02
LEGAL NOTICES

tor the handling Of the largely increased
number of workers in the war industries
IL territory served by your petitioner.
and thcreupon said United states Hous
ing Corporation did loan 70 the Gary
street. Railway Company the sum Of
$4,000 % be expended ~ the purchase
M ton additional motor cars. 1000
*. W. rotary converter and transformer
substation unit several miles OF add
tlonal feeder lines and additional stor-
ase yard and car barn facilities. and
our petitioner has since. with the an-
prevail OF said United States Housing
Corporation. procured all OF such add
tIonal equipment and the same has been
delivered 10 d. That said $4,000 so
loaned u Your petitioner BY said United
States Housing Corporation must be re-
paid in hve annual installments with in
tcrest at Sc per annum.
That III addition TO the improvements
and additions already made and acquired
by Your petitioner. the city of Gary.
which Is growing in population and in
Gustry at an extraordinary rate IS call
ing upon your petitioner 10 build furth, =
extensions Of it, system of railways i'll
The city of Gary 50 as to furnish trans
portation to certain new industrial plants
now being constructed and to portions OF
said city not already served by your
petitioner and is also calling upon your
petitioner 10 relay certain of its tracks
and repave certain streets occupied by il
in said City Of Gary. which said tracks
and pavements have become badly worn
and demand renewal. and the cost or
which said extensions and the equipping
thereof. and renewals so demanded by
said city Of Gary will amount TO a.
least $3.50. GOO
5. That ON the 18th day of October.
1918. your petitioner was compelled TO
greatly increase the wages of all of its
trainmen 10 the scale Of wages estab-
lished by the National War Labor Board
FOR the street railways in the City OF
Chicago. and was thereby also compelled
TO greatly increase the wages of its
other employees so as 10 enable TO re-
tain in its employ its old and skilled
employees and TO procure additional en-
ployees 10 operate it's new extension and
equipment. and to replace those en-
ployees leaving its service. That the
increase Of trainmens wages by your
petitioner since March, 1915 down -
June 1st. 1919. averaged 1870 OF the
trainmen's wages prior TO April LIST.
1918.
6 That the earnings and operating
expenses Of your petitioner from the
hrst day of October. 1918 (said wage in
crease becoming effective during October.
1870 down to and including the 30tn
day OF June 1919. were as follows: Gross
Operating Revenue. sS62.956.22: Total
Operating Expenses. s2ss.02337 Net
Operating Revenue. S74.932.S5; Total de-
auctions for Taxes. Interest and Deprsci-
alton. $74,051.02 Net Income applica-
BILE to wage increases. dividends upon
capital stock etc. sSS1.S3. and that no
dividends on either its preferred or
common stock are being earned or ever
have been paid BY your petitioner at any
time although said Preferred stock and
Common Capital stock of the Gary Street
Railway Company authorized to be is
sued by this Commission represents a
real value upon which your petitioner
is entitled to earn a return or dividend
from the service rendered by II.
Z. That in order to enable your petit
toner TO repay the $4,000 30 loaned -
it BY the United States Housing Corpora
ton in the annual installments provided
for in said loan. and to provide the
moneys necessary for the building and
equipping of said extensions and the re-
newal of certain portions of its tracks
the CIV Of