The Brunswick news. [volume] (Brunswick, Ga.) 1906-2016, 1921-07-31
A Suggestion on the Car Line
Situation.

Il oNA 1O0 " 80 POl ACnt I'll tuG OOuuC.
i The Arco people, uroprietors, as
well as the residents, must see the
benefits of the trolley. TIL bond is,
sue could be increased by their sub
scription to cover an extension to
that point. The Juice could prob
! ablyashe secured fromnthem or from
the owners of the Yaryan plant, (who,
by the way, ought to be hugely inter
ested in the preservation of the troll
ley much cheaper than it is being
supDHed now. III
The new company could then say to
the owaers, 1--WE will take your plant
and franchise for $25.O0O.OO and settle
with the City"
To the city fathers we will say "you
must know that the loss of the trolley
means slump in real estate values,
consevatively estimated at $300,00000
the city as whole considered,
which will be reflected in reduced
asse easements, and you can help avert
the loss of approximately $1,000 per
an1ltIn in your tax receipts. The old
! Company owes you approximately
$12,000.O0; perhaps If the trolley is
| junked you may recover a good por-
| ton of it. You can still get a good
portion of it and save the trolley. Of
this $12,000.00 We understand that half
/, of II. is for money You advanced for
grading the tracks, and unpaid taxes.
Garry that on your books, and if we
make anything over the interest and
sinking fund, we will apply it annual
| ly m the debt. II we don't, charge it
off regarding it as subsidy, "pro-
bono-publico." The other half is for
money due the contractors, assumed
by you and for which you hold execu-
tions. AS you will have to pay that
money, we will pay you so per cent
cash and the balance in five annual
installments with per cent interest
The new company will then have
about $1,000 left as commercial CAPT
tai to make needed improvements,
and put the rolling stock In such con-
dition that passenger won't have to
spcnd as much for disinfectants as he
does for the ride.
We will ask the city for five year
tov awarantiC,, x,hiol. thax, Mill do,,bf
/ less grant as it doesn't cost them any
thing: because, il the trolley goes,
the taxes are gone. glimmering any
way, so they haven't lost anything.
This will insure the operation of the
trolley for five years at least, under
! the most favorable auspices. and If 1t
emit sustain itself under those cir
cumstances. it never can. In the
meantime 1t saves tearing up our
streets for Ave years.
But some one will say, "how about
my investment at the end of the five
years?'
We answer him. that IF at the end
Of five years 1t is necessary to junk
| 1t, the sinking fund will be so per cent
OF the outstanding bonds; the proper
| ty will easily yield, as junk. fifty per
cent on its capitalization, amply pro.
tecting the city in replacing the
streets. and he would lose on his $50
bend. just scr, or S. per annum. which
Is bagatcile to any real citizen OF
Brunswick, II II will preserve the troll
ley thta long.
But believe IL won't be lost Bruins.
wick is getting bigger on the map.
Don't let us help 1t get smaller. Lots
Of things happen IN five years. but
not new trolley, so let's hold on to
what we have TO help us grow bigger
Don't any man discount Brunswick
! truly believe that IL the people
awake to the full realization of what
II means to lose this public utility.
they will all throw in on the pro-
jeet and win patronize their own"
trolley to such an extent that II will
earn expenses. dividend and gradual
" extend itself with its own earn
lings. and at s cent fares.