Evening star., 1927-12-01
UNLIMITED IMAM
CARS ARE FAVORED
Universal Transfers Are Also
Included in HanSeI
Merger Plan.
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effective service, an eight-hour day
and six-day work week; the right of
employes,in addition to agreed-upon
rates of compensation, to participate
In net revenue gains arising from CO.
operation with the management, pro-
Nlded the share received by employees
is invested in the securities of the
corporation and held and voted col
lectively by trustees elected by them:
and the right to arbitration of any
difference as to rates of pay and work
ing conditions.
Referring to values, the report
pointed out that those established by
the courts as basis for rate-making
purposes are inapplicable as a basis
for sale or exchange and that the
final determinate of capital value of
a transit entity in the terms of sale
or exchange is its income producing
qualities.
"It is obvious that, all else being
equal" the report said in this connec-
tion, the value of a going property
measured by it's ability to earn is the
capitalized net operating income, or
in other words. the capitalization of
net operating income on the basis of
the going price for money irrespec-
tive of the investment or of the cost
of production.
Routing Plan Offered.
1.-THE inexorable economic law of
the value of a transit entity is, there
fore. that although value may be
great the cost of plant and cost of
operation may be small. and, re-
versely. value may be small, although
the cost be great.
"It is automatic with respect to
merged transit entities that the value
of the merger company is usually
greater than the sum of its merged
parts, irrespective of whether such
value is measured for the owner OF
for the public. The reasonableness
of the division of this added incre-
ment between the interested parties
determines ultimately the possibility
and advisability of a merger "A
Discussing the operation Of the
transportation units under unification.
the report stressed the Importance of
routing of car and bus lines and
offered routing plan which the firm
believes would give a satisfactory
service at a justifiable cost and at
the same time show proper recogni-
ton for the need of an orderly ar
rangement in the city center so as
to avoid congestion or to reduce it
to a minimum. The routing plan
developed provides a systems of IA
routes. only 4 of which are through
routes-two operating east and west
and the other two operating north
and south
The principal points of the sug-
the traffic in the central business
district are:
The present complicated and con-
gested movements at Fifteenth street
and New York avenue have been
eliminated and simplified to one turn.
ing movement between PENNSYLVANIA
avenue and Fifteenth street; all street
car traffic has been removed from
New York avenue between Eleventh
and Fifteenth streets, new routes
have been laid on Twelfth and Thir-
teenth streets between E and Fl
streets and all street car service has
been removed from F street between
Eleventh and Fourteenth streets.
Through Routes.
The through routes north and south,
cross the central business district, on
and the two through routes from east
and west operate on c street and
Pennsylvania avenue.
The other routes operating into the
city center are looped back on four
loops as follows:
Thirteenth street loop. formed by
Twelfth, Thirteenth, II and Z streets:
Eleventh street loop, formed by Ninth,
Eleventh, E and K streets or New
York avenue; G street loop, formed by
#, G. Ninth and 18th streets.
Very little change was made in the
general plan of the motor bus routes,
hut they have been consolidated so
that as result fewer streets are oc-
cupied by busses than heretofore The
major changes have been the exten-
sion of the South Washington bus line
to the intersection of Fourteenth and
Water streets southwest and the es.
tablishment of new cross-town serv-
ice on street between Dupont Cir
Gle and First street and Florida ave-
nue. northeast. The Burleith bus line
has been eliminated. 1t also is plan
ned TO route the Chevy Chase deluxe
service and the new Cleveland Park
de luxe service directly south on Con.
necticut avenue from the bridge in
stead Of detouring by way of Seven,
teenth and Eighteenth streets. The
Massachusetts avenue route has been
extended southwardly from Dupont
Circle to Potomac Park.
Reduction i'm Expenses.
One of the most important items in
the consideration of the advantages
of unification, the report declared, is
the reduction in operating expenses
which may accrue to the operating
company. ut is readily apparent that
many economies may be effected" ii
said. "but in many cases they are
more apparent than real, and it is our
opinion that the tendency has been
rather to exaggerate them than to
overlook them"
In advocating general use Of one
man cars, the report said that the re
sultant saving, estimated at 5000, 900
is so large and so important that ii
cannot be lightly passed over.
"The principal objection to one-man
car operations" the report declared
seems to arise from the fact that the
public mind has become imbued with
the thought that one-man cars indi
cate a 'one-horse-town. That such &
statement cannot be supported b.
facts is most evident when we realiZt
the extent to which one-man cars are
being operated throughout the United
States. Two hundred and two stree