Indiana daily times. [volume] (Indianapolis [Ind.]) 1914-1922, 1922-06-15
STREET CAR
COMPANY IS
ASKING RAISE
Present Fares Not
High Enough to
Pay Expenses.
REPAIRS NEEDED
No Specific Figure Is
Named in Petition
to Board.

u A petition asking relief and claiming
he present 5-cent fare and 2-cent trans
= Ter rates are inadequate was fled with
1.-THE Indiana public service commission
@today by the Indianapolis Street Railway
Company. No specific increase is asked
In the petition, but the relief measures
] advised by the citizens committee ap-
pointed to investigate the situation by
Mayor Shank are declared insufficient.
Your petitioner shows that the rev
enue Of the company under rates Of fare
now established and from all other
sources" the petition says, "do not af-
ford an adequate return upon its prop
erty now devoted to public use. and
much less do they afford any basis for
the credit required In order that your Pc
titioner may be able to borrow money
for the capital expenditures needed fer
making Of any extensions or additions
to such property"
The petition sets out that the street
car company has been operating Under
the fares prescribed by the commission
and has not found them sufficient.
CITIZENS COMMITTEE
MAKES RECOMMEN DATIONS.
The citizens committee, which audited
the street railway cOmpany's books at
the mayors request. recommended Il
number Of things, which they termed
Economics" by which they estimated
the company could save S2J0.0O0 a year
and thereby avoid necessity for increase
CT the basic scent fare.
Outstanding economies" suggested
were increase OF owl car fare to 10 cents,
continuance Of jitney bus regulation,
regulation OF interborO bus competition,
1O-cent fare on interurbans, so as to
force business to the street railway cars.
increase share Of interurban fares going
to street railway company cent, and
relieve company Of expense of paving
between tracks.
The petition, IN part, reads as follows
"Your petitioner further shows that
the matter Of its financial condition has
been taken into consideration by 4 COM
mittee appointed by the various civic
organizations Of the city Of Indianapolis
who, IN their examination Of its affairs
were assisted by your chief accountant
This committee has submitted its report
TO the mayor of the city of Indianapolis
by whom II has been referred to your
honorable body for action, with the rec
ommendaticn that the company should
have relief at your hands to the end that
it may be enabled TO make extensions
and other improvements urgently re
quired in the interest Of the public and
which have been ordered by the board
OF public works Of your city
The specific recommendations con
tanned in the report Of the committee Of
civic associations, if they should be
adopted by your honorable body, and
could be carried into effect, would not
afford sufficient relief.
WILLINGNESS TO GIVE
q
"Your petitioner IS ready and willing
to furnish any information as to Its af-
fairs in addition to that supplied by the
report OF the committee Of the civic as
socaations and contained in the statement
Of the mayor that may be required by
your honorable body.
"Your petitioner, therefore, asks that
your honorable body make such order
as will secure petitioner a net Increase
sufficient for a reasonable return on
the value of the property now In public
use and as l. shall be added to froIl time
to time by necessary and proper exten-
sions and other betterments, and It shows
that the financial condition of the com
pany It such that an emergency exists
for the obtaining Of such relief without
delay"