Show I TRAM CO COMP AN ALLOWED TO In CUT cm MURRAY SERVICE B Bus s Service Will Be Inaugurated Inaugurated In- In South of Second Avenue Upon the pica of oC ti th Light and Traction the that f'S tern has tailed to earn n ct fall fair lt return turn on Its property prOperly Oc 01 capital st h meat ment a concession sought by the com Y l was granted b by tile the public s- s day ay The Thc company was given permission permission per per- mission to dIscontinue servIce on the Sandy line from flom the Intersection of Second avenue In Murray with State street tret and to teat tear UP Its tracks on the line south of th that t The first concession wa l granted recently 1 when the company was given permission to diSCOntinUe set set- vice ice on Its North Yard lIne As a substitute for street car fer- fer vice on the urray l line the company is to afford connecting con con- fleeting bus with the 1 frt quency and at th the same same rI or es-or of- of by Its Present car ferIce ser ser- Ice aice It must also provide a comfortable corn com and convenient passenger r depot at Or conveniently near the thet t terminus on State street The reasons for for granting th the ap- ap of the as given by the public utilities commission cons com mission are that the the- traction companY con com panY pany- has operated the line for several sev- sev eral years at a 1 loss the ros revenue eve reve- nue earnel being per per year and the bare cost of operating and has been leaving a yearly eally loss ot of over and that to malt make the track serviceable service service- able would require during the next two years about The commission poInts out that during the past cyeral yes the entire tractIon system pt ot the tom corn pany has failed to earn a fall fair return return re- re turn on Its property or capital investment In- In vestment amounting amounting- to that its tot operating revenue eve reve- flue nue for fOI the twelve months ending May 31 31 1927 1921 was waR that the total operating expense for the thes s same me period s i the thenet thenet net earnings for this period peril were and acul that Its return on capital l investment t allowing allow allow- Ing for deprecIation was about 4 per percent cent and allowing for deprecIation but 21 2 2 1 per pel cent |