Show TRACTION 0 N COMPANY ClAIMS INCOME IS NOT ATTRACTIVE I A Advance van e Proposition of One man Cars as Expense Reducer To attract investors the bonds o of a public utility must yield S 8 per cent and to 0 Insure this the stock earnings earninG's of ot the utility must reach 10 to 12 per percent peri i cent This view was expressed b by E. E O. O Howard president of tho the Utah Light Lis-ht Traction company compan yesterday when bong beIng examined b by the lc utilities commission at the hearing hearin of ot the traction traction traction trac trac- tion company compan for authority to increase its rates from 6 G to 7 j cents students' students tickets to 4 cents and 1 cent for or trans trans- fer Mr Ir Howard also testified as a. to the rates rales for money and what the tho thea various various va a va- va arious rious utilities were paying for mone money Mr lr Howard was asked cd b by John Barr Barry a protestant against the tho proposed proposed proposed pro pro- posed increase ase wh ther rolling stock purchased b by the corporation In the past should not make the assets asset of the Corporation because of ot the advance price of or the equipment now To this Mr r. Howard replied No o. o because the tho Increased value alue is more than offset b by depreciation of ot the equipment duo due to its us use He also said saM the tho traction company compan would now be purchasing new rolling stock if It It could l so afford and were It able to todo todo todo do so the cars purchased would bo be of ofa a lighter weight than those now in use as the wear and tear on track track- age ase would be considerably reduced TT TI To T I I t JI b. b b v I lowed Mr Ir Howard He was ex cross by Will H. H Folland city no ney noy Mr r. r DIcke Dicko said that operation of or one man cars would decrease expense while more frequent and cheaper service service sen ice could be had b by their use He also said that thal extra traffic is taken care of by the tho company compan running cars only part of ot the way on regular runs and It would be bo Impractical to put on extra cx- cx tra service during certain hours be because because because be- be cause operating expense would be greater reater than increased revenue de deI de- de rived I Re Regarding arding one-man one cars it was shown the tho system had grown in man many cities and opposition to their Introduction introduction intro Intro- which mainly came me from the platform men was being considered from another angle angJe and that It might be the system will bo be introduced here Two hundred one man cars have ha just been ordered for tho the traction system in Brooklyn It was also brou brought ht out that 1 1 3 cents from each revenue paying pasI passenger pas paz sen er goes toward paving paving- the streets I the Inference being that if It there was waa no street paving no increase In fares Cares I would be asked Mr Dicke said regarding betterments betterments betterments better better- ments that Ninth East would soon have to have havo new tracks that W. W South Temple Templo would have to have a groat deal of or work done while there would have ha to be considerable special work at the crossing of ot Main and First South Main and S Second ond 8 South uth and Main and Third South streets There are aro three zon s between Main and Second South and HolIIday where protest was made against an any In Increase Increase increase In- In crease In fare Care the thc rate rato now being 18 cents each way or if paid by tickets 15 cents and Mr Dicko said that 95 5 per cent of ot the tho fares were tickets Asked b by Commissioner Blood It If there was not some somo way by which I commuters in Sandy Midvale Murray Murrar Holliday HolIIday and Center could be given a better rate In view that the zone zono rate outside the city was shorter than for tor the haul In town Mr Ir Dicko said that commutation could be adjusted ad- ad Regarding the depreciated reserve e of or that Is Is the liquid assets that had b bon been n diverted in capital Investment in inVestment investment In- In I vestment b by the former company and which has been carried on the tho books I of ot the present company It was shown that there are nrc no liquid assets in this reserve resene now When Mr Dicko concluded concluded concluded con con- adjournment was wan taken until Wednesday April 21 1 at 10 a. a m. m when oral arguments will be made mad the com corn mission The public c Is 18 asked to to at attend at- at tend |