The evening herald. [volume] (Albuquerque, New Mexico) 1914-1922, 1919-01-25

fatts at vii .ini cannot eniorcc 40
I order reducing such rates without
first developing evidence to aftirria-
lively show that they are u~nreason-
able and unjust al a formal hearing
called for that pufposs The com.
mission axis that The burden OF proof
b. shifted 10 the 4niiroId company
and that the latter be- rrauired 90 JUS
Try ~ W rates. speaking Of the IN.
! crease IN farcs ~ the A~lhuuucrque
city Electric company. q SAYS
"A petition Mas filed with the CONE
mission b. the city Electro company,
which Operates b street railway
system in Aibauurrquc. IN september,
ISIS. f~cqusstinr thp combustion 20
Issue an order validating thr increase
Ia passenger fer from 3 20 3 cents.
which was nra approved ID the COM
missionera 81 the city ~ N~huqucrquc.
Finding that The increased cost -
mntrrI4is. rates ~ pay Co employees
end Other oxrenqrs justified such IN
crease The ctnUnirslon after 30 ap-
proprlnte hearing issued o. order
dated December 20. 1915. porDiitiinf
a faro % 9 cents per passenger tn he
charnrd until otherwise ordered.
~ has been auenested that the con.
atiiuunn he amended 80 a. 10 give the
commission Jurisdiction over water
and light companirs. and W. hrc uc-
gordinfN hfinrirr the matter te your
attention without recommendation.
Although puhllo utilities 81 his Kind
are under commission control In
many ~ the siatsA ihcfe is "a differ.
cnce OF Opinion be- 90 ghethvr or not
the new way NJ regulating fhcir rites
and rructceH D. more sl~tIsfIcinrY
than ihr Old. bot u the legislature sees
m 20 propose such an amendment
ampiifyinr the powers " the commits
sion W. sianl ready and willing 20
accept the added duilts and rcaponsi.
bnitlcs
There d o. growing demend Cor
legislation known uH . "rlur ~kN" law
o. regulate the sale ~ rafporats
stock. bonds md other securities In
eur opinion We should have one. n
for no other uurruar than 90 regulate
The sale - OIL ana mining stocks %
fnreiEn Corporations A. the present
time no permit 81 n kird is required
~ such corporations Cor THE urlVilrrc.
the courts HAVING held that tho sell.
ing n stock and bonds M not doing
business within thr mrnnlnr 81 The
law A. the commission is ~ stats
department. having charge ~ tho ~.
inc 81 az articles 81 Incorporation Of
domestic companies and The licensing
n foreign corporations 10 u already
equipped with tho machinery FOR 81
nc|cnuY and economically administer
lnr q Hue Sky law
"As one OF the results Of the war.
ihere waa r. falinr Of in the receipt.
uf the commission curing she nsca
year ended November Hn 1915. nl
compared wlth the urecsdlur year
Congress passed "a law providing fof
the creation II "a capital Issues com.
mitfoc with authority 90 prohibit ths
sals 90 corporate stock or bonds when
not deemed compatible with the nu-
tiunai intcrelf TIM naturally had tho
effect uf cuftnIliur fho number % new
enterprises and 90 that extent served
The financial needs ~ the government
in furnishing the shows ~ wa. with
tho signing of the aUmIafico and ~,
promise ~ Hn fnriy peace, corporation
filings began o. uirs NO and unless NJ
signs fail tho fees from that sourcs
ihis year should hr az much a. 81
more than In amy previous year since
thr organization % the commission
Tie report la signed hy Hugh "
williams rhnirmnn. and a. N f.uni
end uouImclt Muntoyn. commission
cra Appended "a u in n nnuncia
statement f0r fhs fiscal scat sndlnI
NDttmhel 1I. fHfH. N showa the re
OsIufH from corporation fees ua SO
$50 POI with abe Insurance fees futahul
t9.tlaf 90. making 81 combined rrNcnu
Of fgf.l4r. no. Tho commission WI
allowed sfT 200 fur salaries of com
missioner ana employees and $500
FOR cspousfL Tho former SUM wu
entirely mfci 100. $3.50 remaining %
thr lnffr..