Evening journal., 1921-10-08
TRACTION CO.
Deficit AGAIN
Utility Board Wants to
Know If Loss Cannot be
Elimated
SURPLUS IN OTHER
DEPARTMENTS

Contending that It was the duty
OF the Board OF Public Utilities Com
mission to see what could be done 10
eliminate the monthly deficit in the
railway department Of the Whining
,ton and Philadelphia Traction Com
pany. James A. LeFevre. one OF the
commissioners at the monthly meet
ling Of that body last night, pre-
sented a resolution calling on Thom-
as w. Wilson. vice-president and
general manager Of the company.
to confer with the commission at its
next meeting. The resolution was
adopted. The report OF the traction
-company for August showed a deficit
In the railway department OF sS.-
371.21. The other departments show
ed a surplus OF s1s.434.40 during
the same period.
The resolution summoning Mr..
Wilson to appear before the COM
mission was opposed by Walter Brin-
ton. He said 1.-The great trouble was
shat the State did not have a pub
lie utility board" He said It was
practically impossible for the board.
swith its powers confined 70 the city
limits TO properly deal with a util-
ity concern whose business extended
to points outside the city.
He added that the public utilities
| Of Wilmington are in wretched con-
dition. How they were going to
continue in business II they were
not receiving enough money to prop
eriy operate and meet their expenses
he did not know.
Mr.. LeFevre in presenting his
resolution, said the monthly reports
Of the traction company We're un-
satisfactory to him. He criticized the
l form OF the report insofar as IL re-
lated to the divisions Of the re-
celpts Of the various departments OF
! the company.
Mr.. LeFevre- said that while he
was not advocating an increase in
fares he felt that something should
be done to wips out the monthly
\ deficit Of the company.
William II. German, another com
missioner, declared the matter mar
rowed down to the question OF more
money for the company or less SER
vice"
The companys financial state
ment OF receipts and expenses within
the State for August was received
and filed, showing a deficit in the
operation OF railways during the
month OF ss.s7I2l. with a sur
plus in other departments amount
ing to $26,SO5.61, and showing a
total surplus OF s1s.4544O.
The company also submitted a
report on Improvements for the six
months ending, June 81. showing
i that $40,473.94 had been expended
in this period on improvements and
extensions 10 its system and plant.
! The statement OF revenues and
/ operating expenses OF the Whining
. ton Gas Company fo- August shows
total receipts OF S77.076.7s with SCI. -
/ 260.s2 for general expenditures and
$1S,641.S6 interest charges leaving a
+ deficit OF S2.2S5.9O.
Cost Of Operating Report
statement OF receipts and expenses
. Of the Wilmington and Philadelphia
Traction Company within the state OF
81, 1921:
Operating revenue-Railway. sff4.-
ii 5i6.sf; other than railway. S123.650.1s:
Il Operating expenses. including taxes
Railway. $40 994. 25. other than railway.
s70157.07: total. S1Si,15i.32.
Operating income - Railway. s33.-
52259 other than railway. S53.493li;
total fs7.0i0.70.
Interest Rentals Etc. Net:
Interest on bonds-Raiway. $50, 2S3 30.
other than railway, Si9066.66; total,
4. Si9.3i9.99
n Rental leased lines-Raiway. S5.725.si:
other than railway. s4oi2.5o: total.
Sg.73834
Miscellaneous debts. including inter-
est on floating debt. Americanizau ton,
! etc.-Railway. Sf.63f.63: other than rail-
way. S235S.34. total. Sc. .e92.97.
Accrued interest on preferred stock
" Railway. 81 $50 90: other than railway
81. l.250OO; total. S2250.00.
Total-Raiway. Sil. S93.s0; other than
railway. S26.6s7 so: total. s6s.5Si.30.
Railway deficit for August, 1871
Ss.37121.
Surplus other than railway for August
i 192i-s26.so5.
Surplus. all departments. for August
1921-S1S.f34.
Cost Of improvements, betterments
and extensions OF the Wilmington and
Philadelphia Traction Company within
the State OF Delaware for the six
months from January to June 81, 1921
Il Renewals. wires, poles, sig
work ....................... i5.oas o.
& RAN grinding .....-......... l.227.4
Repairs to car and fare boxes i.7sso,
Sub b-Station.
Y Safety devices. switchboard
ard heating system at New
Castle ...........s.....ss.. lo4L.-l