Evening star., 1933-07-25
UTILITIES PAY OUT
$13,9B,9)O WAGES.
Analysis Made of Receipts of
Four Major Companies
in District.

An analysis Of the gross receipts OF
the four major utilities Of Washington
prepared for the Public Utilities Com
mission by its chief accountant, Byars
NICK. Bachman, shows the expenditure,
during 1892 Of a total Of $4,000 300
for wages and salaries. OF this sum, 1t
was estimated $11,416,123 was charged
to operations.
The study prepared for the informa-
ton of the commission, shows the. gross
receipts Of the power. gas. railway, and
telephone companies here totaled 1884,
913,734.07 during the past year.
The profitable operation Of the Po-
tomac Electric Power Co was revealed
in showing that out Of each dollar Of its
gross receipts. A cents went last year
to net corporate income. This was far
higher than net corporate income
figures for the other utilities.
The combined figure for net cor
porate income for the two street rail-
ways, the Capital Traction Co. and the
Washington Railway & Electric Co., in
fact, was computed to be but 2.93 cents
out of each dollar OF gross receipts.
The figure for the w. r. & e. did not
include dividends from the Potomac
Electric Power Co., which it owns, In
this analysis.
The low figure Of net corporate in
come for the street railways revealed
in cold statistics the difficulty against
which the railways-at least so far as
the Capital Traction Co. is concerned
will run In their study Of a proposed
voluntary industrial code for submis-
sion to the National Recovery Admin
istration.
The blanket code promulgated by
President Roosevelt proposed q maxi
mum of IS hours q week of work for
laborer and 40 hours q week for cleri-
cal workers. Trainmen employed by
the Capital Traction Co. now work as
much as 50 hours Q week. Adoption Of
the code by the local railways in keep
ing with the Presidents proposal would
mean an increase in wage expenditures
through the necessity Of employing q
greater number Of workmen.
:, The gross receipts for the various
utilities for the past year was computed
as follows:
washington Gas Light Co., $5,oos,-
345.67 and Georgetown Gas Light Co.,
$1,272, ,486 "a, making total for the gas
utilities Of $6,281 ,832.51; Potomac Elec-
tTIC fOWcI NO., $11,1Vo,So1.AA, VooA-
ington Railway and Electric Co., $4.-
822, ,846.10; Capital Traction Co., So
3l5,836.54; making a total for the two
railways Of $685. S,682.64; Chesapeake
and Potomac Telephone Co., $685.
s67Sl.
The gross receipts dollar" for the
two gas companies, which are In COM
mon ownership, was divided as follows:
Net corporate income, 1877 cents; oper-
ating labor, 1872 cents: depreciation, 20
cents; interest, IA cents; D. c. taxes,
~ cents; United States taxes, 1.6
cents, and other operating expenses,
319 cents.
The figures for the power company
were: Net corporate income, A cents;
operating labor, 1911 cents: deprecia-
tion, 95 cents; interest, 4.6 cents; D.
c. taxes, IL cents; United States taxes.
Sc cents; other taxes, OIL cent; other
operating expenses, IS cents.
The figures for the street railways
taken together were: Net corporate in
come, 2.93 cents; operating labor, H.71
cents: depreciation, 1853 cents; inter-
est, 11.2 cents; District Of Columbia
taxes, SO cents; United States taxes,
o. cent; other taxes, 0.2 cent; other
operating expenses, 1921 cents.
The figures for the telephone COM
pany were: Net corporate income. 16.9
cents; operating labor, 38.8 cents; de-
probation, 16.1 cents; interest. 2.8
cents; District Of Columbia taxes, 4.7
cents; United States taxes, ~ cents,
and other operating expenses, 18 cents.