The Barre daily times. (Barre, Vt.) 1897-1959, 1920-05-26
Barre 20. Seeks Re.
N. of It's Charter
~ 20 Permit Maximum
COST OF MATERIALS
GIVEN AS REASON
The Aldermen Heard Plea
and Put Matter Over
For a Week

feet was made by the Barre Gas Co. to
the board of aldermen last night, til.
| plea being based on the assertion thai
increased costs Of gas-making mate.
rial required the raise in order to en-,
able the company to meet its fixed
charges and maintain the financial con.
dition of the company. The present
rate is So per thousand.
In presenting the application for
revision of the charter in order Ia
permit of the raise to $3.50, Treasurer
E. II. Gay of the company stated that
the jump from 81 to $3.50 might moi
be made all at once and that the pro.
posal TO increase would go before thu
public service commission. The 50 max,
imum rate now allowed by the com,
pany's charter was fixed in 1902, and
the maximum rate was reached in 1918
| The proposed increase would amount
to 25 per cent.
| Treasurer Gay asserted that the
| present maximum rate of 81 had en-.
abled the company to meet its fixed
charges and also to pay off $2.400 oI
the company's indebtedness; but that
the increased costs of materials would
wipe out the company's chances fol
repeating. There are, he said, $4,000 siz
per cent first mortgage bonds. S62,00d
notes, $4,000 preferred stock of this
company. The valuation of the plant
was put at Sl90.000.
The proposed 25 per cent increase in
rates would bring in about $4,000 ad.
! ditional, which. declared Treasurer Cay
would enable the company to maintain
| itself as in the last two wears bu,
would allow no dividends for preferred
and common stock and no salaries foI
officials. He called to attention that
the increased earnings would enrich thu
betty treasury in greater proportion
than it would the company, inasmuch
as the company, under its charter, il
compelled to pay two per cent of its
gross earnings TO the city.
Some of the greater costs in gas.
making were referred 20 as oil, coal and
railroad transportai ion. Oil. he said,
! had Jumped from seven cents TO IL in
few years; Goa had advanced IN
marked manner; and there was no tell.
| ing just what the transportation IN.
crease might be. Hence he thought the
company was justified in making appi.
cation for revision of the company'S
charter. enabling the company to
charge maximum Of $3.50.
After hearing the statement oi
Treasurer Cav. the aldermen asked
few questions and then laid the appl-
cation on the table for week in order
to investigate. Treasurer Gay stated
that Supt Joseph Nelson of the com
pany would be ready to let the city 20
over the companys books and to giya
other information for the benefit Of tho
city in It's investigations.
$4,000 Bridge Notes to Be Issued.
The aldermen turned for a brief in
teryal to the South Main street bridge
project. or long enough to adopt a res
oution TO permit Of the issuing OF the
city,s notes not to exceed $4,000 ~
pay for the project, this being in antici-
patton of bond issue to cover tho.
cost. A resolution relating to depart
mental appropriations was also passed.
Previous bond issues were recalled
when city warrants were ordered paid
one to the National Life Insurance CO.
for 1925 to pay interest an paving
notes and the other TO the Barre Saw
ings Bank & Trust Co. for $500 10 paw
interest on $4,000 four per cent water
bonds. Another big item in thc bills
ordered paid was $4,000 to the srhNul
treasurer. the amount being on the
1920 school account. Other bills paid
were: Street payroll. S626.5i; engineer
ing payroll. s45.I3; water payroll.
Sl9p36; fire payroll, Sl0l.40: ppi.~a
payroll. ss6.75; assessors payroll, Sa:i;
election officers pay on the recent pri-
mary, Sll9l0; G. i. Booth. $50; Mis-
Gridrey. SOC; Moore 4 Owens for fire.
mems uniforms, S476.96; Mrs. g. Nor
gan, Sl.20.
ON the building inspectors favor
able recommendation. Alex. Garettn
was permitted TO remodel front n
building at $40 North Main street for
q store Mrs Mary Bisnchi's applica-
ton to build a garage at the intersec-
zion OF Wellington and Franklin
streets was referred to the street CON.
mittee and city attorney. The site ~
the garage j. city land decided for
~LEtfis hNA ltAA-s hltNNNtA FtNffN-'7 ~
build a seIid concrete garage. ~ by -
feet. into the bank \. Bianchi. who
appeared for the petitioner, stated their
desire TO buy the land from the city.
W. F. Sanborn's application 10 raise
hrnho,tse at ~ Washington street
was referred 20 the building inspector.
The North Barre Granite CO. was per
mittcd 20 move an office building on
Cambria street. w Y. Halvosa Wa
granted a permit 20 move a henhOuse
from Plea street to Mount stree.
p. J. Duuleavy was gwen permission
to keep a pig on Granite street. aud
a similar permit was granted ~ \.
Ambrosini on Grant avenue. whereat
someone remarked hat the -hock" ~
pius was getting numerous IN the city.
There vas no appearance on the mat
ter Of a Ks foot electric sign to -
erected over Washington street by the
Barre Garage Co, Inc, aud the alder
men rescinded . permit which was
Granted la wear The sizu vas 10
have been plsred on the pole In front
Of the Abirich library. A hFdrsnt mai
ter ~ the Presbrcy Coyke7dsi plant
vas referred to the water committee
and superiutenSent. ard The mater -
increased hvirsufs vas rrterrcd to fhc
strees and Ere r1uimittee. asnl tle 6rs
and Wator sgucsirieu3erts-