The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1930-10-02
INSULT PLEDGES FASTER
SERVICE ON STREET CARS
Announces Plans to Take
Over Transportation
System in City.

Fifteen minutes to downtown
from any part of the city, in high
speed, lightweight modern one-man
street cars, operating over heavy
tracks and obtaining power from
newly constructed overhead power
lines
Buses operated from trolIsys, but
with no tracks, that can be brought
to curb to load and unload pas
Sengers-
Elimination of outlying street car
lines, removal Of tracks and install
lation of fast gasoline coaches.
Street car and bus fares on
flexible basis, being reduced with
mounting revenues, increased with
dwindling revenues.
This is what is promised Indi-
annapolis il plans for the reorganiza-
ton of the Indianapolis Street Rail
way Company under insult control
as announced today are successfully
conSunmated.
Promises to Spend Millions
The expansion program also calls
for the construction of new car
shops and garages.
Expenditure of $9,315,000 on the
physical rehabilitation of the street
car property is planned as an in
tegraJ part of the proposed reorgan-
ization, designed to give Indian
apoIs a transportation system as
modern as it is possible to make it.
The Midland United Company, an
insult holding company controlling
a large number of operating public
utility companies in Indiana has
agreed to underwrite $5,503,O33 OF
stock and securities to be issued by
the new corporations, the Indian
apoIis Railways, Inc, and the Trac-
ton Terminal Corporation, which
vii! hold to the terminal building
and all adjacent real estate.
Rehabilitate City System
Division of the $9,315,OoO rehabi-
litation fund which must be spent
over a five-year period is as fol-
lows:
For reconstruction and rehabili-
tation of the entire track and road
way, $4,3O4,O00.
For reconstruction and rehabll1-
tation of the overhead lines and
purchase of power equipment,
$4,000.
For improvement to the Suosta-
ton system, $105. 900.
For reconditioning of twenty-nine
motor coaches and the purchase OF
sixty-nine new coaches, $466,0G0.
For the purchase of IT'S high
speed lightweight modern one-man
street cars, $3,150,00o.
For reconditioning 100 Of the
present cars for speed, safety and
comfort for use in peak load period.
$350,0o0
For construction Of new car shops
and shop garages to care for 300
cars and 100 coaches, 100000.
Indeterminate Franchise
Public control of the Indianapolis
transportation system through a
transportation commission and q
service at cost method" are pro-
vided for in the reorganization out
line.
Promoters of the plan will ask the
1881 legislature, converting in jan
uary, to pass an enabling act which
will set up the organization desired
and provide the stipulations for the
franchise to be entered into by the
city with the street car company.
Such a franchise Is to be in
determinate as to time and shall
provide for a board of local trans
portation commissioners appointed
in a manner not yet stipulated. These
commissioners in turn, will, appoint
a transportation director, who will
have active supervision and main
tain close contact with the railway
company.
Automatic Rate Adjusted
The commission will be granted
regulatory power over the service,
sand may order Improvements and
adjustments deemed necessary, APP
prove new routes and change the
character Of service.
The enabling act viii in fact take
the control Of the utility from the
public service commission (Which
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