Perth Amboy evening news., 1922-05-31
RUNYON MAKES FORMAL
BID FOR GOVERNORSHIP
Continued from page -

The people OF the entire state
are inteusey interested in the trolley
lines and the gas. electric and tels-
phone conf an.es, both as users and
as investors. ! do not believe 1t
public service company should have
the right first 90 tEy its case before
the State Public Utilities Commits
sion and then 10 seek TO try its case
anew before the federal courts on
entirely different issues. / there
fore strongly favor the passage Of
some act similar TO the Baeharach
bill, designed TO limit the present
authority OF the federal courts in
this matter. The problem is a state
problem for the determination Of
the Public Utilities Commission and
the state courts on principles laid
down in the public utilities act and
in decisions Of the federal supreme
courts. 1 believe that the values on
which rates are based should be act
ual values. excluding goodwill,
franchise value. past deficits, devel-
opment cost, Hypothetical brokerage
fees, deferred maintenance. federal
taxes and other similar items. This
basis of values has been approved
by the recent unanimous opinion OF
the United States Supreme Court in
the Galveston Electric Company
case. The public utilities act should
state explicitly what items the COM
missioners shall take into c~onsidera-
ton and what items they cannot
take into consideration in valuing
property of the public service COM
panies. The jurisdiction of the CON-
mission must be extended to
not only all holding companies. but
also all companies which deal with
public service companies to the ex-
tent Of their dealings with such
companies. II n Of the public
service companies are ov~er-capital-
lied on the basis of their valuation
as found by the commissioners,
their capital should be reduced TO
conform to such valuation. The val
uations so found should be the basis
not only for rate making, but also
for taxing purposes. l am advised
by experts that the policy L have
outlined Will result in substantial
reductions in the gas and electric
rates, now prevailing in the state.
and in all probability in a reduction
in trolley fares.
II desire to express my sympathy
with the aims and aspirations of the
women of the state. many of whom
are actively enrolled among h sup
porters of the Republican party. l
favor the adoption of an act limit
ing night work for women in laun-
dries. bakeries and factories Eek
Guiding c~anneries) between the
hours of 10 p. m. and 6 a. m. There
should he an equal educational OPP
portunity for every child. By that
/ mean that every child in the rural
| districts should have the same edu-
cational opportunities that every
child in the city has, and that every
child who desires to prepare him.
self for a trade should have an OPP
%portunity for vocational training
| equivalent to the training given the
child who is preparing for business
or a higher education.
"The workmen's compensation act
| should be amended TO provide high
err rates of compensation more In
conformity with actual economic
conditions now prevailing.
There is no panacea to check the
rising tide of taxation. save the ut
most economy in public administra'
| ton, the abolition of useless office!
and the consolidation of public en-
terprises wherever possible.
"A statewide extension of tn