Show d' d tc c Company Seeks Seven Cent Fare 1 ll r RATES rf BE t il EASED mediate Action Sought t Petition Filed With in 1 I Commission Here i t. t ate ate te Wednesday A Afternoon i I l that the rates in 1 force in in the nH Utah nab Li Light lat Trac- Trac system at the present re that the reve- reve derived arc are j t Jo 10 pa pay the operating charges chaises I and aud fair fail return upon upon the lie i I I raltie faIlle of its property the tah I I bt 1 t k Traction company yesterday a petition with tile the public uti util- util I-I I I and with it iL a pro- pro schedule of passenger rates in local 1 fares within the city r. r a t nt cutting h out t out the sa e-sa I c commutation tickets tickets ut It twenty for I dollar and increasing the thc tion in tickets for students to 4 1 cents ka tead frad of 3 cents as at present j I b petition ie sets etz forth Corth that the th public commission lJ by decision re- re t 41 tendered found the Hie fair ah value alue I t purposes or of the tie props prop prop- I 1 I s r L of ot be company c to be t et ct f June ZO M O. O after aUer de deducting the theof theor I I of or t for or deferred f e e. e the petition avers can I be Jn made de good from irom future earn earn- earn I I ny ay y J Is h Ml Ite It iI e then asserts that sunia sun sun- ha e ia c been made matle since the of or the and that there- there the Ibe property has Increased In t tIr l r I Jan January arr J L. L 1919 to December UI th the ho petit all points out the net nett Ig rom all a sources attributable or of f all any an Interest on its Invest Invest- St t t. t r lair return to the lIlt or of CO I and ad that thal the ct s realized tb or of o an any ny tV ht It It tac under tho the present exceeded thIs further declares that at u ance allo or r clatIon on the tle property In the tho Would be bleb hould per pcr yea I tou lie be added U per hier ol three the years cars to make muke tibe made mD-de which This good from lure future earn earn- t for Would Jck e avers a the pet pe- pe or air Calr return upon fur or the D year car 1 I. I J or loss less than th the value alue i for or rate n r t e theU avers u that at tilt the COil COil- l i the of of the Pre nt rate n r Ils depriving or of f the thc cornn com com- of ProPerty that thaL Without due ue c proc- proc th the fares presCribed te-nt te rate In tariff No No- 1 th lh ate fe nc licit her Uler reasonable tit HUe nt as required b Y the r I t Is act ot t tt the erred a that f the bush busl- J r. r not o 4 covered cO hJ h- h by Iy ti by the pr present t rate rate- a and n 4 1 not o. o 5 5 the new rate J. J ale per Pel er year ear t I or the tbt constitutes lees Jess Luau her Iler that te enu revenues s ot of OI i t the me nili oUI tile campau iii ele Iii HI rl a revenue l to Is IR the thc InTe increase ol of Ale t hS or net from ny Petition sr tariffs the it ft has operating it Its present wage ched- ched ds lor io ha c mado maJo delor dods de- de lit In adjustments In Iii Jn the thc Deform form of t that age under x x- x 7 y and Its 18 t bet the thc Ir for ier or that such it IC such a it the an and to take hit operating together toC with the thie J ef It ot the lIe costs and make 1 of ol t. t the l to Jc meet an any tk fJ Wage Schedule k 7 He Hc hi t t j a ai ill the rc- rc r h hoJ hold ll a tt pro pro- ft ecu Jg and i ISSUe iiii H Its it 1 th t order S keat n tariff to become Ii ca hear heal and that on filial he hear hear- WJ on an pas page J GAR CAR COMPANY ASKS INCREASED EASED FARES Continued from tram P Page 1 I lug Ing the proposed tariff become effect ef eC- ef- ef Rates nates to suburban points are aro Increased Increased in increased In- In creased In the tho same ratio ag ns the proposed proposed pro pro- posed Increase In Salt Lake The petition was filed with the tho public public public pub pub- lic utilities commission just before beCore tho the theoffice office closed yesterday so that no date dato for tor the tho hearing has been set Statement b by r Utah Traction Co Manager l We c have accepted the valuation n fixed by the tho commission as the this basis s for Cor our request for a revision In rates rate although we wo consider it materially to too o low ow declared General Manager tann er IT ii r. r F Dicke e of oC the tho Utah Light ht C Traction i last Tho unit o of oC f i f measuring valuation usually adopted I Ithe Is s the value per mile of track in including however such property properly ns as buildings and anti equipment Many o of tho the largest street car systems Ss S's s 's teme In tn tho the country have ha recently hud hod their property r revaluated and of ot ten ton representative cities the valuation fixed flied b by the tits commission for our property property prop prop- crt erty Is b by far tar the lowest It amounts to per mile of or track us as compared compared com com- pared with for Cor St. St Louis 18 Sol for Minneapolis for Detroit De Do- troit and for Kansas City Tho rho nearest to that of oC Salt r Lake ko is Seattle which was fixed at tho the price paid by br the city of at Seattle for the lo local local lo- lo cal street car system about a year ago of Not n a nl Hc shun But even on this extremely low valuation valuation val val- our present fares are not trot yielding yield ing us a reasonable return As is shown in the tho petition If Ir wo we set Bet aside o on a n proper amount for tor depreciation and make up deficits In the depreciation fund caused b by our inability for tor the past five years ears to como come anywhere near setting aside aMide the adequate sum Bum annually annually annu annU- all ally we have havo left Jett on the basis of ot our net returns for 1919 scarcely enough to pay 3 per cent on t the he rhe investment nt The present equipment of oC the streetcar street streetcar i icar car company Is Is of at course getting I nearer and nearer the scrap heap with over every year of at service Within n. n limIted limited lim lim- number of years it will be entirely worn out out at the tho rate we have been setting up u u. depreciation fund for tor the past five tl years ears and there will 1111 be bo a wholly Inadequate sum with which to replace It Hence unless something is done to mal make e It possible for us to set Het up a lar largo e enough h fund for depreciation depreciation depre depre- dation Salt Sail lako will soon Noon find itself depending upon a a. broken down dons and demoralized street car service So Seek pic rk I I The two Increases In rates granted grantell the company In the tho last three years ears were admitted admittedly I only emergency meas meas- ures The public utilities commission I announced thorn thom as such and made it Il i cloar clear that no permanent rate would bo ho fixed until tho the company's property had been evaluated e It It is Important to note that the public utilities commission has never Ilc taken Into consideration and will not in acting on our OUI present petition the tho amount of oC capital stock or bonds which tho company mo may have out out- standing Stocks and bonds no longer Ions figure In ratemaking only the actual valuation of oC the tho property as determined deter deter- det determined r- r mined by the tho public utilities commission commission commis commis- sion is 18 taken Into consideration Than Many Many- It should Rhoul also be noted that even with a cent 7 fare Salt Sail Lake streetcar street streetcar streetcar car passengers will 1111 be riding as an cheaply cheap cheap- ly as tho Ito great majority of people throughout the thc country ano uno considerably considerably considerably consider consider- ably more cheaply than a great mall many In five of or the tho largest cities In Massachusetts Massachusetts Massa Massa- Including Boston the tho fare is 10 cents St. St Louis Scranton and Kansas Kansas Kan Kan- sas CH City and man many others have o an Scent 8 S- cent fare tare At least seventy five largo large cities are aro paying 7 j cents or 01 more Out Our limited Income has obliged us to give P a n service which IB is hardly adequate ade nde- adequate quate to the city's Increasing needs It Jt Itis IH is the tho urgent necessity of doln doing something something some some- thing to meet I ot these requirements aswell as aswell aswell well as ns to Insure the financial of or the company that compels our pe- pe petition pe pe- for an Increase in lit rates ratcH I |