Evening journal., 1920-08-07
No INCREASE
YET INCITY
TROLLEYFARE
conLInued from FIrst pnre.

service. He was also Of the opinion
there VIII be more buses II the m
crease is authorized. aud ended by as
serting the increase Of pay which The
company gave the men had been
overbalenced already by the recent
increase in fares.
Speaking Of the furnishing by the
traction company OF power TO Penns-
grove and salem, Mr.. Gruwell de-
clared that at the time the city needs
transportation it cannot be gotten.
They owe lt 10 Wilmlngton-that's
where they get their m9rey." he as
serted. The city, he said, Is entitled
TO cheaper Transportation
Thomas w. Wilson, vice-president
OF the traction company, in ansNcr 10
Alr Gulick, said the company Is ack-
ins no more than Is bcily granted all
over the country, setting forth that
in number OF cities, including Pitts
burgh end Boston, a iCe trolley fare
mas beed allowed. rhe last increase
granied the company. he declared, did
not prove sufficient TO mes. The in
creases in wages granted The com
pany's employees.
Mr.. Wilson said the company owes
number Of bills for which they are
being pressed and even have expert
enced some difficulty In purchasing
coal because OF their unpaid bills.
The company he said. can buy no
more ears bacause OF insufnlient
funds. He resretted postponement Of
The decision OF the board because OF
the fact that the company owes such
large amount OF money.
Mr. Gulick had referred in his pro-
test 10 "an eight per cent. dividend
TO be paid by the traction company.
Mr. Wilson corrected this, saving
that II was not an eight per cent. dlvi-
dend, but an eight per cent dividend
on the company's valuation, following
orders OF the courts and the commits
sion.
A statement Of receipts and oper-
ating expenses for May and June was
presented by the Wilmington and
Philadelphia Traction Company. II
follows:
Operating revenue - May. Railway.
Si6s 96S So: other than railway, $780,
$3.50 Total, 5000, 1886.
Operating expenses, including taxes
Hallway Si33,So5 63, other than rail-
way. sss 1891. Total. SOD .27i 81.
Operating income--Railway S35 1872
73; other than railway, Si2,02i.39. To-
tai. S77, ,iSii2
Interest. rental, ETC., net-Interest
on bonds, railway. s2750iiS: other
than railway si33s7i9; total, siO,-
99i67. Rental leased lines. railway,
s.. .309i6, other than railway, S35S7.- (
az: total. ss.S9665 Miscellaneous
debts. including interest on floating
debt, amortization, etc. Railway. So
921Si; other than railway. S76s733;
total. sii. .6i5ii. Accrued interest on
preferred stock, railway, $3.50; other
than railway, $3.50; total. $500
Total for railway, S3S,09i.t5; total
other than railway, s25,9i2N. Grand
total, SCI. 900 i6
Railway deficit for month Of May.
1920. railway, S2Q2si2, surplus other
than railway for May. 1920. SIC, ,iO9OS
surplus an departments for May 1920.
Si3. 1906
Operating revenue. June. 1920 rail-
way, si6i 5000; total. S296 S607i.
Operating expenses. including taxes.
railway, si25. .225 30; total. s2i7,J0342
Operating income, railway, S36,61O66;
total S79,35729
Interest, rental etc, net; interest
than railway. Si3.3s750; total Si0.-
9i999. Rental leased lines. railway.
50 5000. other than railway. S3.5S7.5i
total s9,ii6.72; Miscellaneous debts,
incmdlns interest on floating debt,
amortization, etc; Railway, S3,73S16
other than railway, Sl,lO19S; total
Sit .i467i. Accrued interest on unpre-
ferred stock railway, $3.50; other
than railway. 81 $50; total, $500. To-
tails: Railways. S3S. .ii0i5; other than
railways, S25,932. Grand total, S6i,
Oi3.i5
Railway deficit for month OF June,
1920. railway. 81 1879.
surplus other than railway for June,
1920. other than railway, SIG 753 g.
Surplus. all departments for June,
1920, other than railway oinshrdluu
1920. Si5.3i3Si
The Wilmington aGs Company also
presented a summary OF revenues and
operating expenses month OF June, as
follows.
Total revenue ......... .....S62, ,3OlOi
Total holder cost .S32t12O
oil tar produced ... i,06i75
Net cost in holder S3iiiO75
Total trans. and dist
expense ........... T,326O9
Total office expenses,
taxes and deprecn i9.t5SN
NET EARNINGS
Interest on bonds ..Si0.S79i6
Interest on notes o.. 1892 ~
Interest on pfd stock 62Oi00