The Wheeling intelligencer. [volume] (Wheeling, W. Va.) 1903-1961, 1919-02-07
.0u7'-TH|E-P|KERsI
WIN Bis VICTORY
IN NFARE:SCRAP.
State. Public Service Statne
tician Sustains Conten- &.
sss :%ts-s
ton of Citizens. s.,

Statistician H.. E. Nease has made his
| report to the public service commission
| in the matter Of tho proposed fare .tn-i
crease requested by the West Virginia
| Traction and Electric Company OF the.
| patrons between Wheeling and Elm
! Grove, and the contention Of the cltt.
! zens as against the traction company
are upheld by Mr. Neasc's report.
! The entire valuation placed on the.
property of the company by Mr.. Neasc
| is one million dollars, OF which amount
| $780, 900 is. apportioned to the Wheel
| ins-Elm Grove division and 100000 to
the Elm Grovc-West Alexander diyiJc
ion. The report further shows that
90 per cent Of the operating incoWet
or $4,000, Is derived from tho Wheel
ting-Elm Grove division. and on this
basis that part Of the city extending
from Wheeling to Elm Grove has q net
earning capacity Of more than 11@per4
cent. while the rate Of earnings before
deducting taxes would be approxi-
! mately 1917 per cent.
The creation Of the extra Zone APP
piled for by the traction company
would increase the companys revenues
between $55,000 and $4,000. making tts
total operating iacomc about $14s,00e.
OF the equivalent Of 14h per cent on
the total investment. OF one million dol;
lars, while before deducting taxes >thes
rate. Of income would be swelled to-
ll6h per cent The net operating in-ss
come apportionablc to the Wheeling:
Elm Grove division would be approxh
mately $4,000. or 1874 per cent on,
the investment apportionable to them.
while the rata before deductinS for
taxes for this division would result In.
It's earning 81 per cent
Mr.. Neasc criticises the West Vir-t
Einia Traction Company's statement ofSs
the. City-Elm Grove division for the
six months period ending November.
80, 1918, in which he points out that
the current generated by this division
Is furnished 10 all other divisions at
switch board cost. whereas It should
have received at least reasonable reim-
burscment for this current which would
increase its revenues from this source
SO per cent, or ST.S51.l3. rs
The stattstician further points out
that the sum Of $f90.07 included. In
the net balance from Wheeling Park Z
will further reduce the operating ex-
pcnscs in this sum. He criticises the !.
manner OF charging taxes and makes 4;
a reduction Of upwards OF 32so00
charged to the City-Elm Grove division
as belonging to other interests OF tho
corporation. He desires the comSNS:
sion to eliminate the charge Of $4,000 {.
for Extraordinary Maintenance Gr
Way" expenses charged against this di.1
vision. and in conclusion furnishes the
commission with n revised statement
which increases the companJs tota
operating revenue from $149.63SA: to
Slr3191Sl, while the total operating.
income is increased S5e.c5S.o2 to 346.-.-
070.05. with it's total revenue fOoorts
from transportation remaining - Per
their own statement sl4S,99a.5S. clearly i
indicating that the company was max z
inE an excellent profit with out tho re- !
auested additional fares being granted
the company.