Show OGON ASKED I 1 t I 5 UTAH RAPID TRANSIT CO I SEEKS RELIEF 1 Cant Can't Meet Payrolls and Other Ob Obligations Cor Cor- Cor- Cor Corporation Corporation Says II STATEMENT ISSUED Three Tickets For 20 Cents Proposed Under New Rates I The Time Utah Rapid Transit cons con conI com l r piny today was sas to tile file with Ith Ith the til Public Public- Utilities commission conJ or of orI J Utah request tor for permission to I increase its street railway rall tar fare In Ogden from 5 cento to 7 cents or three c tickets for tor or 20 cents In asking for permission to In- In Increase In Increase crease its fares tares the th company set let t forth in its petition that rev rev enu derived der from the operation I ot of It Hi Iii lines are Arc now and fo fop to- le leeral ses eral era lear vears ears past have hav been ben Insufficient 11 to 10 meet Its payroll cost ot of materials supplies taxes In ln terest on bonded debt and ond other I borrowed money LOSS OSS FOR rOK 1923 1003 J I The petition further sets forth I II that the th company never neer lma has paId I any dividends or earnIngs on itt Its Itse I e stock and Is In arrears for tor tors s Cral years on the th Interest on onIt onIt It ge debt and will Ill ill In the meat ext lear vear ear ha bEl b faced with the tho th re- re reQuirement re under the th terms of ot the tho mortgage on It Its properties to thoI set I aside Ide a sinking fund und to t apply on Its mortgage debt The Th leport of ot the th Utah Rapid company ss as a S 'S itis the time utilities commission lon setS BIJ 0 he Ih oper- oper operated sled In al a loss bt 23 tt S SP P 11 IT Mulcahy general man man- manager manager min acer ager o of the tho company compan today is- is issued Is Issued sued the time toll following owIng statement in inI I with the company s sI sie I tot tOI Increased fares I ST T fhE 1 Dr The application tiled med today nith the tho th Public utilities Unities commis commission sion on practically eo covers coers ers the th situa situa- situation situation tion Through all these thes year years of at cd cost cot ot of f operation the transit company ha has made every possible effort to furnish h I to the of ot Ogden Os for tor a cent the h cent e-cent fare Notwithstanding Notwithstanding standing e Cr every eer economy In opera opera- operation operation tion Including the time ot of safety cars ears and the stimulation of oC traffic through Increased service the tho result has Imas tailed failed to offset tho th increased cost COlt of ot those things whIch go Co Jo to make me street car ser sect service IC ice ce The The Tho company compans represents tho In of ot about one ono hundred amid aud seventy citizens of ot Ogden Ofden and ot of the state amounting to oser o osera oera a million and n II halt half and h b never paid a penny in dividends on Its stock tock and In fact tact is sove sears a In arrea on ott the Interest pa monts on omm It Its bonds On On II its ils revenues revenue tho tim company cannot earn sufficient mon bond to meet Its payrolls pay lit lis tax and maIntain Its lIs properties In fact tact today Ir spite of deferring all maintenance we so e are arc at al ata ala ata a deficit and mut mu t have hate relief reJet te 1 t yve e e are ar to continue to operate at atall atall atall all I is GROWING G CROwn G r Ogden lily l I ii gro Ing and no xv city can p develop wIthout adequate transportation facIlitIes the people of ot Ogden are vitally Interested In supporting support Ing Inra a 11 re that ill III not n t only per per- permit permit per permit mit their street tret car s stem to function bulto hut but to tender render sate safe sat et- et ef efficient and se sets service lee ice toI I There Ther are one hundred and se cities In Iii the tho United St States tes with a it ot of between 2 25 and and nd the th aver aver- average aver ace II age 51 street r et ear car Ire fire ot of o all aU hee cities Is 7 j 35 i cents and among them rhem are Aro only three thre car com com- companIes companies which line base ha e no DO other other source ot of Income incense thit are operating at a cent cent five fare one o of these these being In the tho th hand o a receiver The The people o of Ogden are ar ot o course greatly greally Interested In this I application for Increased fares ares arcs 0 11 v furnish any In- In Information information In formation desired so fat time the pUblic mT mae be b fully ully acquainted our situation Tl Tr T l 01 OF or TIle Tle filed nub the I utilities slon reads as tol tot tol- s lo loss a ORn BEl THE jl II BrAct TIES TIES COMMISSION IO OF 01 UTAH I In In tho the mattel matte o of the lion of ot the tle Utah Rapid Transit T company tor for tor to increase Its It tales fes flU es a and nd rate rates To the Honorable the above I named Commission The Tho Th petitioner herein Utah I RapId Transit company a 0 corpora corpora- corporation lion tion created and exIsting under and by virtu of ot the laws of ot the tho state ot of aro and duly authorized by law Jaw to transect and carryon carry on onit Its business lIllIn the th slate state or of Utah alleges I That It 0 owns ns and operates an a electric sti 11 eat railway allwaY system In Og Ogden Oe- Oe den den City and anil In W ber cOUnt Utah under and by of ot finn fan tian rom slid d Ogden City and Weber ber county JI II IIi That i the tat tal itt Iff ot of o it its rates and Continued Ou On race Pago aiO Two Tuo j I 1 j fJ 1 CENT 7 FARE SOU SOUGHT HERE R Continued rom From Page Pa One fares together v with pith Ith Its rules and regulations Is on file with the com com- commIssion com commission mission and that our petitioner desire to change chango and amend Its said tariff First By striking out and omit omit- omitting omitting omitting ting the following follow Ing WOI ds and figures in Item No 1 I tread tread- treadIng read read- reading reading ing as aa follows ITEM NO I 1 The one way nay fare tare on any line lino within the city limits of Ogden Is the cho he 5 cents and substitute in lIe lieu thereof the following amendment reading as follows to wit ITEM NO I 1 The one way nay fare on any line within the tho city limits of Ogden Is seven 7 1 cents but three tickets or tokens the equivalent alent of at three fares Cares sill Ill willbo be sold for tor 2 20 0 cents cent and second by striking out and omitting the following words and figures in Item No 2 reading as Coli follows 0 s to wit ITE ITEM NO 2 Commutation tickets of forty 40 fares ares for one dollar dol- dol dollar dol dollar lar 1 1 00 will be l Issued to students of at public and substitute In lieu thereof the followIng amendment reading as follows follos to wit sit Commutation tickets of forty Corty 40 fares ares tor for one dot dot- dol dollar hat lar and forty cents 1 40 will be Issued to students of at public schools and and to p I publish said tariff as 19 amended as ns petitioners petitioner's tariff namIng Its local rates and fares Cares wIthin the city limits of Ogden City and also its Ita rules and regu regu- regulations regulations regulations lations governing the same as set out out in said tariff as amended That this petition Is presented for tor the tho purpose of or obtaining authority from tho the commission In the prem pram premIses premises lees III Petitioner alleges as a Its reasons for Cor asking such sueh changes the following fol- fol following fol following lowing That the revenues derived tram from the operation of Its lines arenow are arenow now and for tor ern years last post past have been Insufficient to meet m Its pa payrolls rolls cost of at materials and sup sup- supplies supplies sup supplies plies taxes tales interest on bonded debt and other borrowed mane money the pa payment ment on which items are absolutely necessary In the conduct operation and maintenance of at Its properties as lIS a 0 street rail railway a That due to its lack of earnings our pe- pe pe petitioner has no credit standing and has been forced for sot several se eral years last past to forego necessary and required maintenance to the point where it is no longer longcr possible to this policy and provide safe and efficient sen Ice to its pa- pa patrons patrons pa patrons That i our petitioner has never paid any dl dividends or earn earn- earnIngs earnings earnings ings on Its ca capital pi I stock and Is In arrears for several sears ears on the In- In on Its mortgage debt and will In me ute ne next net year ear car be bo faced witha pitha pith Ith Itha a requirement under the terms at atthe the mortgage on its properties to set Bet aside a sinking pinking fund Cund to apply on its mortgage debt I IV I That your petitioner hils hes adopt adopt- adopted ed cd all 1111 the latest Improved equip equip- equip I equipment equipment ment and methods of economies S In inan Inan an effort to aid and improve Its I financial condition ne nevertheless erthe- erthe less the rates and tares fares now in of- of ef effect feet over your petitioners petitioner's street streel car lines in Ogden City do not yield a reasonable or adequate return for tor forthe forthe the service rendered V That the present rates and fares CarOl CarOlIn In effect 0 over oer er the tho street car lines of at you your r petitioner are lov lower loser er than any lu the United States tor for the Icer Ice rendered and the proposed Dr fares Cars sought by this petition as sho shona shon n on slid propose proposed 1 amend amend- amendment amen amendment 1 ment ment are lov lower er than the average Street car fares tares in cities of at the United States comparable in any anyway anyway way vay with the city of Ogden VI That unless the revenues of oC au our petitioner are Increased It cannot keep pace with the natural growth and development of ot Ogden City and extend and develop Its properties as ie e e growth ot or the city demands VII VI L That your lour our petitioner is in dire financial distress That this peti peti- petition petition petition tion Is presented as an emergency application and that it is not only ani necessary but Imperative that thaI our petitioner r hOo have hate e Increased revenues at once It If It Is to function longer as a street railway system Wherefore your petitioner prays that the commission enter enter- entertain tain tain this application and assign an early date for tor the hearing there there- thereof thereof thereof of and grant to your petitioner authority au- au authority au authority to amend Its present tariff of rates raLee and tares fares and to increase Its rates and tares fares In accordance with Its said proposed tariff and to put Into force Corco said laId proposed rules and regulations and tor for all such other and further relief as to the commission may seem meet |