The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1924-04-19
INCREASE IN CAR
FARES IS MADE
EFFECTIVE MAY 70
Rate Is Seven Cents, With
Double Transfers Allowed
at One Cent Each,

Fare of the Indianapolis Street Car
Company will be increased May % to
cents cash fare. with four tickets for
% cents, the public service commits
sion has ordered.
Contents of the order. with the ex-
ception of one relating 10 Broad Rip
pie service. were. announced exclusive
~ in The Times Friday. That the
commission would refuse 20 grant
seventeen tickets fo- 81 was revealed
then for the first time.
The only change made IN plans
of the State body was a provision,
adopted Friday afternoon, ordering
the company to extend their lines to
Broad Ripple by Sept. I. 1924. or
suffer penalty of having the increased
fare order revoked
Robert Todd company president.
stated today negotiations ha,e. been
opened with the Union Traction Com
pany. operating the Broad Ripple car
line. for lease or purchase of the line
or for a set charge per passenger.
are preparing statements for Arthur
". Brady. president, according to
Todd.
Double Transfers Allowed
Transfer was fixed at 1 cent. with
privilege of double transfers at
cents. twenty minutes being reserved
for the period Of each transfer.
Owl fares will remain at 10 cents.
An important restriction was made
by the commission to safeguard
against use of the increased fare for
purposes other than cited by the corr
pany
The revenue from the increased
fare must be placed into a special
fund for depreciation purposes
and entered into a special asset
account. Monthly statements
must be filed with the commission
and the city, showing the condi-
ton Of the company's finances.
Written by McCardIe
The order. written by John W. Nc
Cardle. chairman. and approved unani-
mously by other members. Maurice
Douglass. Frank Wampler. Oscar
Rats and Samuel r. Artman. was the
result Of three months investigation
and discuss sion.
The city. represented by Taylor L.
Groninger. corporation counsel. asked
for seventeen tickets for 81. The gen
eral fare increase. petitioned by the
company. was approved by the city.
committal although it is known he has
been favorable personally to the in
crease.
Benjamin Perk. utility expert for
he city. made an investigation into
The company's finance at the request
II a committee Of the city council.
f. headed by Councilman Lloyd D. Clay
combe
Show $4,000 Surplus
Il was shown by Perk the COM
pany had surplus of $4,000 over
operating expense of 1928. No al
lowance was being made, Perk
stated for depreciation charges or
for payment of dividends on the
common stock.
Common stock is held by the Terre
Haute. Indianapolis and Eastern
Traction Company.
William Bosom was instrumental
in obtaining better service and rates
for Broad Ripple. He represented a
committee of citizens at the commits
sion's hearing April 3.
Groninaer Is Satisfied
Taylor Groninger. city corporation
counsel. expressed satisfaction at the
order with the exception Of sixteen
tickets for 81.
1.-THE order meets every other point
asked by the city" said Groninger.
The city fare schedule to Broad
Ripple is victory for the city. as
well as the double transfer privilege.
The monthly financial statement to
the public will encourage more eff
hcient service.
Groninger also praised the commits
sion for recommending immediate re-
routing of cars to improve service.
The order will enable the company
to meet demands for better service.
more cars. and better tracks, Mayor
Shank said
II left this street car situation in
the hands of Taylor Groninger. and
believe that the increase win meet
the growing needs >of the city. No
city can get along without its car
service, and we have been the only
large CITY havinzg a scent fare" said