The Lake County times. [volume] (Hammond, Ind.) 1906-1933, 1919-08-02
PUBLIC SERVICE COMMISSION OF
INDIANA

PUBLIC SERVICE COMMISSION OF
INDIANA
IN THE MATTER OF THE APPLICA-
TON OF THE GARY STREET RAIL
WAY COMPANY FOR AUTHORITY
TO INCREASE ITS RATES OR FARE
Wit HIN AND BETWEEN THE
CITIES OF GARY. HAMMOND AND
EAST CHICAGO
lETITION OF GARY STREET RAII.-
Wy COMPANY VOTs AUTHORITY
70 INCREASE CERTAIN RATES on,
FAME
TO THE PUBLIC SERVICE COMMITS
SION OF INDIANA
Your petitioner. Gary street Railway
Company. respectfully shows unto this
Commission.
That i IS a corporation duly or
ganized and existing under the laws os
the state OF Indiana and is operating
said street railway lines in the critics Of
Gary. Hann7Nad ard East Chicago in
Lake County. Indiana, and that pursuant
10 the order OF this Comm ssion entered
On the 18th day Of May. 1915. your petit
TONER was permitted 70 charge a fara
OF five cents with transfer privileges.
Tor each and every passenger carried up
on its lines within the cities OF Cary.
Hammond and East Chicago and ordered
% sell school chldren's tickets good for
a single passage upon its lines during
school hours IN the school year within
the city of Gary at the rate OF six
tickets for twenty-five cents
That your petitioner is operating
said street railway lines under an indc-
terminate permit pursuant to the laws
OF the state OF Indiana and that this
slider this application for increased rates
). That pursuant TO authority grant-
ed BIZ this Commission by its order en-
tered January eth. 1918. your petitioner
was Authorized 10 issue in payment for
its street railway properties the follow
ing securities OF the Gary Street Rail-
way Company:
one Hundred and Twenty-Five Thou.
sand Dollars 1s125.oO0) of First Mort
gage 2o-year SCI bonds; Eight Hundred
Thousand Dollars (ss0O.0OO) Of Sc co
year Debantures; Three Hundred and
Sixty-fNe Thousand Dollars 1sS65. 000)
par value 81 Sc Preferred stock and
Three Hundred Sixty-hve Thousand Five
Hundred Dollars (s365.50ol par value Of
Common stock: and was further author
tied 70 issue and sell not 10 exceed Two
Hundred and Fifty Thousand Dollars
additional OF its First Mortgage e0-year
81 bonds al not less than IS and accrued
interest to provide funds for the pay
ment for additional property and equip
ment as described in the said order Of
this Commission. and that such secur-
tiles have been issued and sold by your
petitioner in payment for said street rail-
way lines and the additional property
md equipment as authorized TO be pur-
chased by this Commission.
T. That said additional $3.50. 600 of
your petitioners First Mortgage bonds
were sold at IS and interest 10 provide
moneys for additional cars extensions
and improvements necessary to properly
serve the needs Of the communities
served by this petitioner. and as a part
OF such Improvements and extensions.
YOUR petitioner constructed and equipped
an extension OF its lines into the plant
Of the American Sheet & Tin Plate Com
p1ny in Gary Indiana and purchased
and Paid for two double-track motor
cars. ten sinEle-truck one-man Safety
cars and eight trail cars. all Of the most
modern design and construction.
That In September. 1918. the United
Housing Corporation requested your pc
titione- to make certain improvements
and additions 10 its transportation facii-
jtias ana to secure additional equipment