Evening public ledger. [volume] (Philadelphia [Pa.]) 1914-1942, 1922-05-04
COll5sciInaen o. X.
NelU Transit Lease
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municipality, Mr.. Won Tagen said.
"It is this: If the city dares to build
another line before negotiating a lease
for operation 1t will be one of the great
est mistakes ever made"
Councilman Develin congratulated
Mr.. Weglein and the other members on
the near approach of definite action on
the lease. He said there should be no
opposition to It. and that he looked for
IT,. ~ passage at the earliest possible
Spirit Of Conflict Ending
The most important provision Of
the lease Is an unwrit;en one." inter-
jected Mr.. Weglein. '"rhis is. the spirit
Of antaEonism and aggression has been
supplanted BY desire on the part Of
iall to sit down and discuss transit mat
tiers in businesslike wny."
Councilman Develin. resuming, said
thar certain questions remained to be
considered by the city. 1t must be de-
rided. he said. whether the city was to
build other extensions. or demand that
this be done by the transit company.
II must be decided. he said. whether the
city should later enter into competi-
kAV1b WIN lut SOulUdHy anu
ultimately force it out SO that some
other company can enter the field. He
said he understood that the Z. R. II.
Company would now begin to pay divi-
deDds on it's stock. and he was informed
that it had expended only two and
half millions out of its total captaliza-
tion Of thirty millions on extensions.
Weslein Stops Tsikfest
1--WE must protect the citizens ot
Philadelphia, said Mr.. DeveIin. 1--WE
can't afford to go on spending money
for something that the company ought
10 do. ! believe we ought to 60 to
the legislature with request that a
through routing bill be passed. so that
We will have full assurance that cars
will be run from Sixty ninth street
10 Frankford. Also l believe we should
% kfor referendum on the S71. 200 900
yet remaining in loans authorized but
not raised. the money which was to
have been spent on the Broad street sub
way and other extensions. We ought
10 fnd out what we are going to do
after the expiration of the fye-year
term. The city ought to get per cent
on its Investment
After discussion lasting an hour and
thirty five minutes. Mr.. Weglein re :
minded the Councilmen that speed was
eseential. and announced the steps which
would be taken to get final action to-
morrow. Monday City Solicitor Smyth
and Mr.. Joyce, the =. r. r. Co.'S at
torney, will go to Harrisburg and lay
the lease before the Public Service Com
mission, meeting in executive session
there. It probably will be several
weeks before the commission announces
ita decision.
Today's meeting was attended BY Di =.
rector Twining, Public Service Com :
missioner Clement, several officials of
who have participated in one phase or
Aanother of the long transit controversy
.s r. n. T. to Approve Lease
JactThe directors of the PHILADELPHIA
's.tapid Transit Company will meet this
afternoon, it was said, to give theii
OMcial approval to the lease. and Mayol
X Moore has been invited to the meeting
Conferences held last week on tn,
TrAnkford elevated situation were at
B tended by the Mayor, Thomas r. Nit
ard MH. Weglein. The lease in its fina
f0sm was the fruit Of these delibera
tions.
The lease provides. among othe
Z thlngs, that the city shall be paid
xootal OF l per cent Of the cost of tn,
!: .,lnA annually, beginning in 1922 and in
II 34&Qnsing per cent annually until
4 3s ~ cent is reached in 1927. 1t ais,
4 9oyides that the line shall be put il
eSpeEation November 8 of this year an,
2 hat the city shall furnish 100 cars
y Signal and interlocking systems also ar
"A 70 be installed by the city. 1t is ais,
aGreed In the lease that the city sbal
poy the company $1J5. .658 for the cos
ri extra shop equipment for operatio,
3.3Qf ne line.