Perth Amboy evening news., 1923-08-02
BUS TRANSPORTATION IS
MAKING GOOD IN JERSEY
CONTINUED from Page -

for any compromise unless the COM
pany will grant more than the five
per mi wage increase offered on
Tuesday. The men originally de-
manded a thirty per cent increase
but are willing to accept a twenty
per cent boost, Mr.. Wepner said.
Mr.. McCarter told the men on Tues
day the company is financially una
Bile to grant more than the five per
cent offered.
Vehicular traffic in Newark was
greatly increased yesterday as a re-
suit of the strike. Between Sis
and $3.50 yesterday afternoon, con-
sidered the peak of the evening rush
hour. north and south bound traffic
on Broad street showed a total of
653 vehicles passing a given point.
OF these, buses averaged sixteen
out of each hundred vehicles.
Between $40 and 5:45 the num-
Der of vehicles passing a given point
on Market street averaged BAL
buses numbering about one out of
each fifteen vehicles,
Only four horse drawn vehicles
vert counted during that time while
approximately fifty bicycles were
listed.
Public Service Corporation stock
holders received this letter from
their president, Thomas u. Nc
Carter, today:
ITO the stockholders of Public
Service Corporation of New Jersey.>
at is my duty to inform you that
the employees of Public Service Rail-
way Company, one of the four prin-
cipal subsidiaries of your corpora
ton, have gone out upon strike as
a result of a demand for increased
wages, which Is not justified by the
cost of living and which the Rail-
way Company was without funds to
meet.
After the failure Of negotiations,
the railway company offered to sub
NIT the matter in dispute to the ar
bitration of the Board of Public
Utility Commissioners of the State
of New Jersey, the only body hav-
ing any power to furnish the rail-
way company with the additional
revenue to meet any substantial
raise in wages, either through the
elimination of jitneys or by an in
crease in fare. This proposition the
men declined to accept.
"As a last resort. to prevent the
inconvenience to the public of a
strike, the railway company offered
a five per cent increase in pay to
tn the men which If accepted, would
have exhausted the railway com
pany's treasury. This the men de-
clined, but insisted upon an in
crease involving a total annual adj
|ditional expenditure of approximately
50, 500, 900 which the railway COM
pany was unable to meet
"As, however, the corporation a
received no dividends whatever
from the railway company for the
last five years, the strike and como
sequent Interruption of service,
while most unfortunate, will not
| substantially disturb the finances
New Jersey nor should it, in any
way interfere with the corpora
tons dividend policy, as the three.
| remaining subsidiaries of corpora
ton are all carrying on a success
tul business"
McCarter Walks; Wepner Rides
Thomas N. McCarter, president of
the Public Service Railway company.
who is summering at Rumson, walk
ed from the Pennsylvania railroad
station today to his office In the
Public Service terminal building.
William Wepner. strike leader,
and chairman of the mems joint
conference committee, lives in Irv-
ington. A Newark business man
gave him a Gift" in his auto to
strike headquarters here this morn
ing.
closing Money" Jitney Men Say
Some of Newark's veteran they
they are losing money since the
men are complaining today that : ley
are losing money since the strike
began. They declare that between
close police supervision and the COM
petition OF big New York buses, they
are not gettinS the t'cuddle up"
crowds they were carrying when the
ltrolleys were running.