Richmond times-dispatch. [volume] (Richmond, Va.) 1914-current, 1920-02-21
Opposes VALUATION PLAN.
sTRAFFORD ADVISES AGAINST
COOPERATING IN APPRAISAL
Tells Subcommittee Company Instructed
Engineers to Use "RcproducIiOn
q. g. New" nS HpsiS.

sssRichmond will not accept the Nir-
GINA Railway and Power Company's
valuation of their street car property
&as q basis on which to compute fair
rate OF street car fare here II the al
vice OF Director OF Public Utilities L.
w. Trafford 20 the Council! streets SUBJ
committee yesterday is followed
III "A state ,ncnt flied with Edgar L.
English. chairman OF the Subcomnit-
tee, Mr.. Trafford declared that lac had
sagec in making the physical valuu-
lion OF the property OF the company
nave been inSiruGted to use The 'rspro-
s rs pr0'sF'S M highest vA'ua''0" pos
No ae,ion o,her than the sending @:
ciai statement on their valuation
methods was taken yesterday ny the
subeonmittce. MIR English declining
70 force = vote on the question OF crl-
pioyins nn engineer 10 look after the
city's iu.crt Sts because Of tho absence
OF .AldcrnS0 Marx Gunst, representing
he opposition 10 ,h.s plan
Tran"rd Opposes step,
In full The statement OF Ar rraiort
discourds!ns any Joint actiun on the
valuation with the ccmpany's cnG!n-
Gers. toilaSs:
'-ThroGgE ;he courtesy o. the COM
sany l have Investigated IL \ prelim-
mary way tho methods bong employed
oy stone .;na Webster in the v!,lua
virginia Hallway and power Company.
ind THAI Stone and Webster have
been Instructed by the company 10
make this valuation on what is known
as the theory OF Representation new.
;ha; is. the engineers arc trying 10
determine what would be The cost o.
Here TO go into the market now and
ouy new apparatus and All tho various
things composing their system, Of the
same type as that now In use. Al the
t,l6
yaiu ,ton. this one viii OF or ineas y
company's property, and candor com
rels me 10 say that personally
would not accept such a valuation at
It's lace value for rate making pur-
- Might Expose Points.
Neither do ] recommend that Tho
c!t% expend any large sum OF money
~ smpioyins engineers 10 follow up
s shat the Sa resl,i3s think
Haiuatlon may be useful in throwing
light on many things pertaining to the
cSmpanS's operation. which are now
pc OF some use in determining some
features in connection with the com
pamy petition for Increased car fare
nov pending before this committees.
After considering this statement the
committee voted TO send the petition
o 1 company that some representa-
F. Il
to cooperate with the COMPANY in
me valuation of its property. hncl, y
the Committee on Streets without re-.
commentator.
Mr. English stated that hc con-
sldered the matter of too much i'm
portance 10 the city to act on without
1urther consideration.
Might hind City.
Members OF tho committee declared
that II was their belief thai. II IN,
CITY shouid cooperate with the com.
pany in the valuation ii would hind
the city TO take some action on im,
result found. 1t was declared NV tht
committee that the valuation mritod,
heinG used by the company were nh.
surd as basis of reaching n dccisin-
Richmond. Al
1t was the belief OF the commi,,co
men mat the method being used in m,
Ehiuation might show that n 16cen,
iare would be necessary. and the onin.
ION was unanimous that no actiOn he
taken until the City Attorney advist
concerning The legal status OF the mai
yer ana whether or not co-operafior
Win the company would bind III.
CITY TO any policy.
opinion was also in favor Of a sAn.-
are IVA naiuation being made by the city
On the property as found by the cnrin
'soIs now working for the comnanv
put at valuation 10 be dctermi n ad
by other means. Gu