The Seattle star. [volume] (Seattle, Wash.) 1899-1947, 1921-10-10
HERE'S MORE ABOUT
CARFARE
STARTS ON PAGE ONE

contract: tho council turned this
recommendation down. Councilman
carroll alone voting 10 carry out
this recommendation. As long as
We have the lines under the exist
ina contract tho money Co meet ac-
tual obligations has TO come from
somcw here.
THE council and the then mayor
made the present contract Go pay
tis,ooo.oQo Of special utility bonds
for the lines; that Is bonds which
are not and do not purport 20 be.
lien against the general or tax
fund OF the city. or charge against
the general credit Of the city. This
amount has been shown 20 have
been virtually twice what the lines
were worth. but no one would have
thought OF giving general obiirn-
ton bonds Of tho city in any such
amount
These bonds are not and never
have been marketable at par; but
II We voluntarily dip into the gem
erai fund, or voluntarily do any
N ing g make the general fund IL
able, the bonds would automatically
go to par. This would be worth
people who sold Va tho railway
and the city would get nothing by
way Of concession In return for vol-
unfairly enhancing the value OF the
bonds by payments from the gen
MUST CItAucE SUFFICIENT
FAME TO NErsT ENPENsEs
The existing railway contract
by it, terms, binds the city TO
charge a sufficient rate" OF fare
on the railway limos TO take care
and payments Of principal as they
come due. that Is why we raised
the rates. because We agreed 10
upon finding the low rate was In
sufficient
1--WE ald not agree TO ray
single doiinr from tan funds 10
MD the railway line. directly or
Indirectly. Thi- IL why am
against the so-esIied "Eri~ksen
propesttioai" the effect of the
proposition" The effect OF the
recent far~ ordinance ard the
~euid. In my opinion. he id~nsi-
cali however. . am willing TO
be shown otherwise.
"untii the people un~auivo-
cniiy vote 10 place the burden
On the tan rolls. which nre nj
ready ism~ntabiy hixh. . do not
feel that ! should stEn any or
dinsnc~ that may have that ef-
feet.
u signed an ordinance last De
ccmber temporarily leaning" fss,-
goo from the tax funds to the rail-
way FUNDS to meet the payroll ~
the men; this has never been re-
The money Is not in sight with
which 60 repay this or pay the
~. 100000 interest and principal
falling due next March. altho when
We get caught up under the si-.-
cent fare u VIII. according to pres
ent returns. produce enough 10
meet existing obligations. Even this
rate, however, IL not providing
funds for replacements or extern
REDUCTION POPULAR,
ntT PuACTICABI.Ef
No doubt reduction or street car
iarer would he popular thing.
However. not being preaen. 81
prospective candidate for any Of
flee. the reduction Of fares as a
vote-getting proposition has not OBJ
Scured. In my mind at least, the
serious question OF where tho fund.
are coming from with which 10 pay
immediate and unavoidable iiabiii-
lie, US be careful in doing the
popular thing and sec 20 IL that
We are not. without vote 81 tho
people at least voluntarily trans
ferring the load or part OF II 10 the
tar 'fund and voluntarily increasing
The value 81 the bonds several mill
lions OF dollars without the city al
least getting some coucesaion from
ne persons Who sold the lines TO
We viii be Increasing the value
81 the bonds, and the already high
tsx rate OF the city. and what will
the city get out OF ether