Show DICKE DEfINES lA TT ITU 0 0 ON N P VING Pl i Traction Co Approves t lt t m Development Program but 1 i if T I f Can Cant Can't t Pay Share Claim r Figures Support P Position S t i WITH TH the tho films filing of the Iho Utah Ulah Light Traction company's f valuation report with the public utilities utilities util util- I commission yesterday II l' l I Dicke manager issued a statement forth the fact that the company com corn pany favored such public improvements improve improve- I ments as but was unable to pa in t 1 hear its share of expense because of tho great increase in operating costs S I 1 The report showed that the cost offin of fin n was I 1 03 based d dL L on i figures r of f June iun 00 30 O. O f 1918 but would now be I f it if a l duplication were attempted S Tills This Increase within si six 1 1 months was alluded to to in tho report as Indicating the rapid advance id in costs Con Cohered t The Tha valuation report er co covered d the theS S construction overhead over over- items oC or franchises cs head tead cad costs working in capital financial costs development dc cost and summaries S The oC of the company is s g- g given given en cn as miles and aud the cost now of or per mile of or le track c ex- c of track tr-ack In car carbarns barns and shops at nt The Thc total way war and structUres Z-structUres at al normal cost new is Si en n at 5 1 5 while the cost at prevailing pre Juno 30 10 0 1018 HIlS is S placed at Cost of equipment Is given i en at 1 1213 1413 Cost of power plant which in- in eludes buildings dams canals and anti pipe pipelines lines equipment and ad transmission 55 tent tem at S General and miscellaneous cost is r given ghen a at t 2 59 G ln Passenger n cr Car CarM the comI cornS com com- 5 Passenger cars owned by number 36 and four locomotives es S I any rho Tho company does loes not have ha generating S ons but purchases its power h the company com corn S The question is asked by pany pan On what amount Is tho the Utah Lt SLIght Light ht Traction company compan entitled to earn arn a fair fall return to enable it to give class service ice and at the same time limo timeto to 10 so 50 maintain its physical property as asto asS S Ito to bo be able to give c this first class service S nee ice This question the company compan maintains maintains main maln- requires a a. study of or the tho physical property from the days das of or tho the original car calf system down to the modern electric equipment of or toda today S. S The company has four foul franchises for operating operating- in Salt SaIl Lake three 0 of which S expire July 1 i. i 1 1953 1955 and one which is at It the pleasure of or the city this one being being- a spur spUl track in North orth Salt Lake The statement is most voluminous rovers ro 16 pages pases and IB Js filled with a S mass of ot figures fig to verify the contention conten- conten lion tion of or the tho company I conten-I Dicke Stai Statement m nt S T Y T. T 1 C oto f attitude altitude toward public Improvements Mr lr Dicke said Wo We 0 fully recognize that such public public pub pUb- lic lie improvements as paving are absolutely absolutely I essential to the proper develop le anent of ot the c community and were our financial resources in a a. condition to it we would willingly bear our ourS S share of or the expense nut Rut in common with Cr C every other street car R stern In the United States wo Swo have o been forced by the heavy In Increase Increase In- In crease in operating costs to a 3 state that thatIs Is rapidly verging on Insolvency enc In view of oC this condition we are obliged ed to balance balanco our expenditures carefully with ill our earnings and to tn curtail cx- cx i j rises in every possible wa way en E in norma normal times an effort I Is alwa always 8 made b by every street car system not to expend more money on ona ona ona a given sl line lino than i la is consistent with th tim the earnings of or that particular line In other ther words wo we strive e to maI make e each line hue at least self sustaining sustaining- With financial conditions so stringent JUs as asS S they the are arc at present this becomes become practically i 5 S 'S tc llY Imp Imperative era Prefer to Quit 11 Line ue It It is for this reason that we would to petition the public utilities utilities ties commission for permission to pull pul up the Center tracks rather than b. b bear barour ar our share of or the expense of the thc paving according to tho the city's present presentS S specifications Ve We 0 have no criticism to offer on these specifications but we simply cannot earn enough from the Cent Center l street line to meet our share of the expense hence our suggestion thata that a a cheaper kind of r paving paving- bo be used for utho tho center of or tho the street as all an alternative tive to abandoning the line altogether Our present financial difficulties have O been produced eq largely largel because of or tho the paving pa expense Imposed upon us S In J Inthe the physical valuation of or our property property prop prop- erty filed with the public utilities com com- Tuesday it is shown that we wo have invested more than in paving alone in Salt Lake and that our annual expense for maintaining our I sharo haro oC ot Salt alt Lake City's paving averages aver cr ages S gC It is iA a a. burden JUrden that street every ry car system in the theS S Country has haa had to carry and and from froni froniS S Which thc they must be bc relieved ed if Ir their service is to bo be main maintained unimpaired S Wo c hope for a settlement of or the question which will I insure the paving J of or Center Center street and other similar thoroughfares and ye yet ot which will permit per per- mit u us us to continue continuo the tho operation of ot our lines c s. s |