The West Virginian. [volume] (Fairmont, W. Va.) 1914-1974, 1920-11-19
Three-Q Quarters of q Mil
s-sry- -lyp, es.Slf "
lion Is For Over
.tHu,e ~pNVsf II
head
EVIDENCE EBEFORER.!S D.
Producing Wells Of the
Company Are Valued
At Over, 100000 !

kSPGEIll 10 lUG "CSN NhenhGEtSa.s
CHARLESTON, w. Va, NOV. 1S z.
Testimony made public today by
the public service commission sets
forth deficit of S36.S2O IN the op-s
Grating expenses OF tho Mononsa
hela Valley Tnction Company dar>
ing the twelve-month period eGds
ing July 31st, 1920. The net ms
come for the same period Was S102l
742.00.
These figures were introduced Rs
evidence by Frank E. Pryor, sol
Fairmont. manager OF the gas de-
partment Of the tr1lction compRuHt
at the hearing before the public iAsfs
vice commission on application 56i
the company to increase gas rates
in Fairmont. The hearing Yaa9
continued to be resumed NoYeuheK
26 at FairmOnt. S.tf Y, ss,.
The total valuation Of the fkAa
property Of the applicant comp
as told to the commission By
w. Lawrence, engineer Of NeW.
York City. is placed at $4,3Q2,Sl1s4,f
81.
Appearances at the hearing 3hefa
this week were: for the appiI can't,
Attorneys Tusca Morris and 0Anll1
E. Swartz. OF Fairmont, for the pre-
testants, Attorneys Harry SltA
and Frank C. Raymond; Of I. ales
mont.
The first witness to be CALF
James A. MacLean. OF Pitts9tFe
certified public accountant no
had made an exam minRtton ttt,
books of the company.
The most important witness I9s
Frank B. Pryor, manager or thlss
gas department. He submit
pamphlet showing the earninga
rates as prepared on August
from the records of the. company:
The substance Of his testimony
us in the foregoing. He said gthe
service charge Is not sufficient and
that the purpose of the sliding
scale is to curtafl the use OF nat
ural gas by the domestic conBurn-
er, but not to curtaiI the supply 70
the smaller consumer whose tlsesis
uniform ".
AS an example, Mr.. Pryor said
one consumer, Mrs. G. NJ. Jacobs
used 10000 cubic feet Of gas In
August and in the month of sDecems
Der she used $4,000 cubic feet.
This was used only for heating ptIy;S
poses. s3sss .
o. F. Lough, auditor OF thestteEe-
tlon company, said the comp my
had borrowed money for opetat
ing expenses within the month
Testimony given by Lawrence IN
cluded facts Of his inventory ef
the gas holdings. st, tSss; n
Valuation Of the natural E8s
property, based on Replacement
value at the present pricess
placed at $4,302,914.S1.s This FqIIl
alton was made by SandergonsRpd9
Porter, Of New York and ohleaGo.
and introduced as evidence Before
the commission. The inyentoEy
was. compiled from maps and Zee
ords and statistics OF the eompe
Details Of the valuation ~ aa .ils
cluded in the testimony. follow
Total physical property, exelcgs
i've of overheads and material ard
supplies in stores, So, ,320, SOL ~ itllt
total physical property Include
following:
Gas acreage held under lease
$685., $3.50. IN
Producing wells. Ss1OS0s.
Private rights OF way for delh
and transportation lines, ST. III. q
Field and transportation lines
$957,773.5O.
Distributing systems, 1857, 10.
Regulators and governors,
073.25. - ,l
Meters, $124S95.2t..s Z: = !, - =
Real estate, El7.OS9.0Os { 4.ss.
Compressor station. $216,37b.0 .01i
Machinery and cleaning out tools
Miscellaneous equipment, 80
300
offlce furniture and fixtures
456.30. ls
The total valuation Of uyetiie
including organiza ton and adnin3s
tration, engineering and atip$
sion, legal, insurance, taxes, int
est during construction, ouatS
contingencies, is placed II
1890. 4 +
other items included IN st1e
tai valuation Of natural gas prof
ty are: materials and supple
stores, $5S,S29.25; working csbit
$3.50, 900.
The valuation OF the Sas acess
age held under lease Is divided
follows: In operation, 8. .047
value, $3.50, $780,. unoperated,
620.25, value, S146. .202.50;
1896, ,552.50. 4 "
Itemized valuation OF real
follows: In Falrmont, So 500;
coin district, $3.50; Barf
CCont1nued Un Page B66f
!. ~ 2. 5szsi5l5.,ts;'