The Brunswick news. [volume] (Brunswick, Ga.) 1906-2016, 1921-05-12
PURCHASE STREET
WILL Be PUT Up
TO PEOPLE OF CITY
Will Circulate QUESTIONABLE Ask
ing For Expression of Opin=
ion One Way or Another.
EXTENSION OF LINE TO
ARCO IS. NOW PROPOSED

Iefnoon Between City Com
missioners and Representa-
tives of Business Interests O
City, at Which Time a Detail
ed Statement From Compan,
Was Submitted.
The threatened junking of the line,
of the City E. Suburban Street Rail
way Company, operating in this city
is just now a matter of paramount
Importance to Brunswick, and way:
and means to preserve the service i.
the subject of earnest discussion il
all circles.
A conference was held yesterday
afternoon at the city hall between the
hoard of city commissioners and rep
resentatives of the Board of Trade
Young Mems Club, and the business
interests of the city generally, at
which time the proposal made by the
company that the lines be purchased
and operated by the city government
was discussed.
Upon request of the city commits
sioners a written statement was pre-
pared by the company, showing the
detailed figures in connection with the
operation of the street car lines dur
ing the past seyen-year period. This
statement included the gross income
for each year since 1914, together with
the operating expenses, not including
taxes, which showed small profit for
each year.
Some of the Figures.
The report showed a total gross In
come for the n years. 1914-1920, s OF
$244,s72,03. The total operating ex.
penses for the same period was given
as $1SL012.66, leaving an average an.
nual net income, before taxes and
interest were paid, of $S,2656
The total taxes, and interest on the
bonds, for the above seven year period
was reported as being $S2,040.00,
thereby leaving deficit for the period
of $24,1S063.
Arco Extension.
In submitting its written statement
the company suggests an extension
of tiieSlines to Arco. In this connec-
ton the report says: at is estimated
that by taking up and moving a part
of the track the line can. be extended
from its presentfterminus on Norwich
street to Arco forF$19,000. These fig
ures include the expense of taking up
and moving and relaying the track,
buying and laying the necessary ad-
ditional rail and ties and the purchase
of the necessary additional equipment
for the operation of the line.
"The property offered for sale is all
of the property of the C.. & S. Ry
and includes eight and one-half e 1-2)
miles of track. with the necessary
wire, poles, etc. the lot on Grant
street on which is located the car
barn, five street cars and six trailexs
and the tools. supplies and eqHp-
ment on hand.
"The bond holders offer the pg&per-
ty for sale on either of the two f@low-
ing propositions
"tA) That they be paid s2MDoo.Oo
and the purchaser assumes ne pay
ment, of the expense of ADMINISTRATION
and the liens declared to b6prior to
the bonds. Or sS#
SfBy Thta they be paid1y44 500 90.
out Of which they will pal Kssf and dis,
charge all claims, liens, snds, mort
cages and other debt sof the COM
pany and its received tExcept the
proposed claim of the5ty: for paving)
including all back Hes and one-half
OF the taxes for tl year 1921. OF
this amount apprd imately 100000
goes to the Cityof Brunswick for
hack taxes.
IF the properly is purchased for
s44,5O0.00, and the extension to Arco
is made for $1s.o00.oO, and the paving
claim of the city is paid. the total in
vestmene for the present line and the
Arco extension will be approximately
s75,000.O0 If bonds for this sum are
issued drawing as much as Z per cent
interest will amount to $5,2o0.0o. The
city will have no taxes to pay. If the
above seven year average is main
tanned the lins should pay operating