OCR Interpretation

The day book. (Chicago, Ill.) 1911-1917, December 20, 1916, LAST EDITION, Image 2

Image and text provided by University of Illinois at Urbana-Champaign Library, Urbana, IL

Persistent link: http://chroniclingamerica.loc.gov/lccn/sn83045487/1916-12-20/ed-1/seq-2/

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Belvidere interurbail traction cor
poration, himself a traction capital
ist The other two signers of the re
port are professional engineers who
have spent most of their" lives work
ing for eastern traction corporations.
"As of June 30, 1916, the city's
traction fund amounted to $18,635,
411," Says the report. "The city's
share of divisible net receipts this
year will amount to about $2,650,000,
bring traction fund by July 1, 1917,
to about $22,000,000. Subways which
it is proposed to have the city build
and own will cost, as estimated, $19,
716,750. The residue of the traotion
fund from time to time will be in
vested in the property and the city
will be allowed full interest rate on
all moneys so invested.
"The commissioners found that
the cost of reproducing the elevated
properties win be $81,767,779, but
that the properties as "they stand
now are depreciated below their cost
to a present value of $70,400,916,
and this amount is recommended as
the valuation by the commission."
- . Surface lines are valued a $147,-
475,501.24, and with other items a
total valuation of about $220,000,
000 is given the combined lines. . All
the lines, surface and elevated will
be tied into one grand corporation.
""" Every transfer will cost two cents
under the new way things will be
fixed up.
"In order to carry the increased
fixed charges due to heavy capital
investment it will be necessary for a
period to make a charge of 2 cents
for a transfer.
"At the present time over 28,000
passengers daily use both surface
and elevated lines and pay double
fare, or ten cents. This amounts to
about $450,00Q per annum. On the
basis of a 2-cent charge for a trans
fer, two and one-half times this num
ber of passengers would have to pay
the extra charge of two cents before
the companies would be as well off
financially as at present. Should the
combined service prove as attrac
tive as the commissioners hope, pro
vision has been made for the prompt
reduction of the transfer charge as
rapidly as earnings will warrant"
" 0 0
Four more police officials are due
to hit the ground before the advance
of the Thompson-Lundin army along
the "sawdust trail." The daily reform
story issued from the tabernacle,
formerly Uncle Tom's Cabin, is" that'
two captains and two lieutenants of 1
police are to be suspended for fail
ure to perform their duty.
Said failure consists in the police
officials' dullness in not realizing that
the Christmas spirit' of reform and
political purity had found haven in
the breasts of Big Bill, Fred Lundin
and Chief Healey. They still thought
the bunch at-the City Hall were kid
ding the newspapers when they sent
out the rigid Sunday closing order
last week.
Capt Stephen Wood, Town Hall
station: CaSt Max Danner. Des-
plaines st, and Lieut John D. Hart-
ford, Lake st., were mentioned as
commanding officers in whose dis
tricts violations are said to have been
found last Sunday. The fourth offi
cial Healey would not name.
The chief said it was likely charges
would be preferred against the four
later in the day.' Wood has been
mentioned for police chief several
times under Busse and Thompson.
Chicago, liquor com'n today pre- J
sented following recommendations
to mayor: Prohibit treating in sa- - -
loons, licensing of bartenders, pro
hibit all gambling devices, saloon- Wj
keeps found guilty of violating any -.
ordinance shall be fined for first
offense, fined and license suspended
30 days for second offense and 11- '
cense revoked for third offense; no ?j
man who has been found guilty of J,
any criminal offense shall be granted Njj
saloon license, '. . .

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