Burlington weekly free press. [volume] (Burlington, Vt.) 1866-1928, 1919-10-02

Seven cents will soon be the street
car fare on all lines Of the Burlington
Traction company within the city limits
and the lines to Winooshi and Queen
City Park IL Mayor !. Holmes Jackson
signs the resolution adopted Friday eve
ming by the board OF aldermen by Il vote
of nine to two granting to the Traction
company the privilege of raising the
fare. Reports have 1t that Mayor Jack
son is likely to veto the resolution. In
which case It will be returned to the
board of aldermen. Mayor Jackson was
not at the meeting last evening. and
IL is said that he declined to confer with
the committee from the board OF alder
men which was elected at the meeting
earlier in the week for the purpose Of
comforting with him and getting informa-
ton from the Traction company regard
ing its financial condition.
Included in the resolution which was
adopted Friday is clause requiring
the Traction company 10 reinstate serv-
ice over the line to the Union station
as soon as the resolution goes into effect.
The mayor has until 20 days following
the next regular meeting OF the board Of
aldermen which comes on Monday.
October G. to act on the resolution, and
It is provided that the Traction company
must sign the resolution within ten days
after it is approved by the mayor in
order to have it effective. This means
that 1t may be the first of November.
or later, before the new fare can go into
effect
The vote on the resolution was nine to
1,,1, al
ent. They voted as follows: Yes.
Aldermen Woodbury.. Mcbride, Deyette.
Besette,' Caisse, cambridge, Ladd. Patrcl;
and Hail. no. Aldermen Dwyer and Ber-
geron.
PROFITS NOT LARGE
The resolution was drawn up by City
Attorney II. Il. Hopkins as reported in by
the committee from the board of alder
men, consisting of c. l.. Woodbury..
president of the board. and Aldermen
Patrick and Dwyer. appointed at the
meeting on Tuesday evening make such
investigation as considered necessary
relative to the finances OF the Purling-
ton Traction company, to confer with
the mayor and report at the meeting Fri
day night. The report OF this committee
was read at the beginning Of the meet
ing.
This report. which was In the form
Of n communication from the Francis c..
Derby Co. accountants and auditors. o.
this city, showed that the total receipts
Of the Burlington Traction company for
the six months ending December 81, 1918,
were s77,639. Taking this same period
Of time for a basis. the receipts for in
terest and power outside the regular re-
ceipts of fares on the lines amounted to
1864. which comes out of the total re-
ceipts, leaving $70,975 as the net receipts
Of the company. The expenses for this
period were: General expenses, SIG, $40
taxes, s6.60S. interest on bonds, $S,75
total, s62,20i. The total expenses taken
from the net receipts leaves net profit
of S,71. which was not figured by the
committee as large profit on $4,000
worth of bonds, which the company has
invested. especially when the report could
not show the &c per cent. increase in the
payroll amounting to about ST. 900. which
was made through the recent raise in
salaries to the employees. nor the large in