The evening world., 1919-09-09

Mr.. Mitten can count on the fingers
Of one hand the saving OF s7,546,742 a
year by efficient management Of the
plant equipment and finances. Here
is hisfive-fingored saving schedule:
FIXED charge reduction. u........,,.... 80 4S0,uO
Saved by les help, 1919 rate. ....,..... iGoO. 900
he-rOuunG OF cans ...........s....... l,tppWO
Trailer time saving .................. 20 t42
Coal via skip stops and expert stohng.. 100000
His campaign to make the street car
motormen and conductors sell the
empty seats has resulted in costing
Philadelphians $500 a year per capita
more than It did before Mr.. Mitten
took charge of the p. r. T., although
the fares have been reduced through
free transfers, Explaining this, he
says:
THE average number of rides In
1850 was 2sS per capita, while m 1919,
with good salesmanship on She part
OF both the motormen and the con-
ductors, 1t bids fair to exceed 400
rides per capita. These figures demon
strate that the public appreciate the
more acceptable service and that the
company is functioning better as
common carrier"
An illustration OF Mitten frankness'
directness, loyalty, charity and appre-
citation was illustrated to his own men
recently. A copmittee Of his em-
ployees visited him to discuss q new
wage schedule. He "felt" that his
mind and those OF the men were now
in perfect contact. Then he remem-
bered that labor agitators had been
melting the men to rebellion by COM
pairing the salaries OF the employees
TO that Of Mr.. Mltten which they had
estimated at S15O,OOO a year. Instantly
he came TO a conclusion.
Gentlemen" he began, there have
been various rumors about how much
salary / am paid. That you. may be
correctlS informed will tell you that
1 am paid 100000 a year; 1 am inde-
pendently rich without II and the
United States Government takes 40
per cent. OF IL from me
"What do do with the restpf III
"I keep five women.
Each IL more than eighty-three
years of age.
zone is my mother. She Is ninety
I hope she lives to be a thousand"
(she has died since this statement
was made.)
The point sof contact had been es-
tablished.
At the present time the capitaliza-
tion Of the p. II. 4. is Si7S,OOO,OOO
The actual cash paid into this account
is S1s2,5OO,OOo. There has been no
"water" added since 1901, and $685.
zoo, 900 in new capital has been put
into the company slnce- 1909.
Back in 1902, OF every dollar taken
in, 81 cents went to pay fixed charges
and taxes. In 1910 it took 45 cents Of
each dollar for a like charge. Mr..
Mftten has now managed. TO bring
down fixed charges and taxes so that
only 81 cents from each dollar has
TO be paid out on this account.
Mr.. Mltten-and IA Cents.
Analysis OF this situation shows
that since. Mr.. Mitten has been in
charge OF the p. r. II. he has made
available IA cents more. from each
dollar of receipts for wages, divi-
dends and other purposes without
detractlng from the financial strength
or credit OF the company and without
any subtraction from the service to
the public. AS revenue last year was
ss2. OOO, 900, he has made available for
such purposes A.4sO,OOe. CIis new
est wage increase Of &c an hour to p,
r. T. workers will take S2,5oo,OOO a
year)
In spite OF this record, the City o.
philadelphia has not suffered through
his economical handling of the af-
fairs OF the company. P. r. r
records show that the investment Of
s2l, 900, 900 in building the Market
street subway elevated line Yields
the company per cent But the
City OF Philadelphia has gained
.Sl5,Ooo.ooo in additional taxes througt