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About Morning Oregonian. (Portland, Or.) 1861-1937 | View Entire Issue (Aug. 31, 1917)
THE MORNING OREGONIAX. FRIDAY, AUGUST 31, 1917. 9 3573 99 ( Number, 5 ) Operating revenues $3,206,033 Operating expenses, taxes, bridge tolls and depreciation 2,793,210 Net operating income . . ; $ 412,793 Fixed charges and interest on street improvement bonds. . 717,162 0 THE VALUE OF THE PROPERTY OF THIS COMPANY DEVOTED EXCLU SIVELY TO THE STREET RAILWAY AS DETERMINED BY THE PUB LIC SERVICE COMMISSION, AS OF DEC. 31, 1916, WAS $18,233,371. The same items as valued by the Commission were appraised by engineers in the employ of the company at more than $23,000,000. The figures given, in both cases, include the proportion of the company's invest ment in electric generating plants required to furnish electric energy to operate the street railways. The actual results of operation of the street railway for the fiscal year ended June 30, 1917, were as follows : Operating revenues ' $2,787,853 Operating expenses, taxes, bridge tolls and depreciation (at' rate determined by Public Service Commission) 2,282,381 Net operating income $ 503,27-1 Deductions Street railway proportion of interest and discount on funded debt $668,176 Interest on street improvements, assessments still unpaid 48,986 717,162 Deficit $ 212,088 Approximately 70 per cent of the total value of the street railway is represented by funded debt. The remaining 30 per cent represents the investment of the stockholders. THE STREET RAILWAY FOR THE FISCAL YEAR SHOWN FAILED TO EARN INTEREST ON 70 PER CENT OF ITS VALUE AND THE STOCK HOLDERS NOT ONLY FAILED TO RECEIVE ANY RETURN UPON THEIR INVESTMENT BUT SUSTAINED THE ADDITIONAL LOSS OF, $212,088. The operating costs for the last fiscal year may not be relied upon in forecasting the future. During the course of the year costs of labor and materials have steadily increased, and we are able to estimate within a very small margin the cost of operation for the year ending June 30, 1918, based upon present prices for materials and labor costs. We hope and believe the traffic of our street railway for the present fiscal year will be 15 per cent greater than during the last fiscal year. We are now operating 13.4 per cent more streetcar service than at this time last year. If compelled to operate on present fare basis, and assuming cost of operation on present basis, without any allowance for the increases now requested by our street railway employes, the current fiscal year would result substantially as follows: , i Deficit .$ 304,369 THERE W OULD BE NO RETURN WHATEVER ON THE STOCKHOLDERS' INVESTMENT AND A FURTHER LOSS OF $304,369 TO ABSORB. Now consider that, because of increased 'cost of living, we are faced with requests for increases of wages for our street railway employes aggregating more than $600,000 annually, that materials and supplies required in operation and maintenance are still rising in cost, and ask yourselves if we are correct in saying THE NICKEL CAN NO LONGER CARRY THE LOAD The net return for the street railway for the year ended June 30, 1917, on its value as determined by the Public Service Commission was 2.77 per cent. On basis of present costs and earnings the net'return on the same valuation for the present fiscal year would be 1.35 per cent. IF RECOGNITION SHOULD BE GIVEN THE NEEDS OF OUR STREET RAILWAY EMPLOYES AND THE FARE BE NOT INCREASED THE OPERATING EXPENSES WOULD EXCEED THE GROSS EARNINGS AND THE DEFICIT FOR THE CURRENT FISCAL YEAR WOULD BE MORE THAN $900,000. Bear in mind the value determined by the Commission is most conservative. If there ever was any water in our values the Commission certainly squeezed it out, and, without in anywise reflecting upon the sincerity and competency of the Commission, we believe that with the water, if any, it squeezed a liberal amount of blood. Operating expenses, taxes and interest on borrowed money must be paid. Failure to do so means bankruptcy and the confiscation of the investment of 7000 bondholders and stockholders. STOCKHOLDERS HAVE RECEIVED NO RETURNS ON THEIR INVEST MENT FOR MORE THAN THREE YEARS BUT. ON THE CONTRARY, HAVE PAID INTO THE TREASURY IN THAT TIME $2,500,000 OF ADDI TIONAL CAPITAL TO PRESERVE THE COMPANY. They are entitled to consideration. Permit us modestly to assert that the present unhappy situation is not due to extravagance or incompetency in either financing or managing. It is caused entirely by the fact that the ingenuity of man is no longer able to cope with the increased cost of furnishing you the service for the same compensation you paid us when the cost of furnishing transportation was one-half what it is today. (Number 6 will appear Saturday). Portland Railway, Light and Power Company By FRANKLIN T. GRIFFITH, President. CHINESE COME OUT Orientals Who Have Been in l Hiding Emerge for Truce. LASTING PEACE POSSIBLE deader Believes That Armistice Will Be Forerunner of Pact i That Will End "Wars in All EL i Pacific Coast Cities. Portland's Chinatown took on a new appearance last n.ght after the ten-day armistice which has been entered into by the warring tongs of the city be coming effective. Last night, when the bulletin was posted on the wall opposite the police station announcing: the truce, Chinese that have been in hiding for the past several weeks emerged from their rooms and appeared on the streets. While there Is no danger of an out break among- the tongs of Portland the next ten days, there is a possibility of warfare being renewed as soon as the truce expires. Lee Mee Gin, head of the Chinese Peace Society 1n Portland, was instru mental in getting the members of the warring tongs to sign the armistice, lie is optimistic regarding the possi bility of permanent peace. While the Bing Kong-Bow Leong tongs are still seven men behind the Hop Slng-Suey tongs in the number of fatalities, it is thought that this debt will be settled in money Instead oi human life. It is understood that a prominent member of the peace society will soon arrive in Portland to try to effect a permanent peace pact, and It is thought that it will be possible to have this agreement reached before the truce expires. HOTEUEti RENEW FIGHT 17.50 DIFFERENTIAL AVI LI. BE COX TEStED AX SEW UE.UUXG. and the ruling has been in vogue since April. An order from the Commission, re ceived here yesterday, was discussed at a meeting of the Oregon State Hotel Men's Association, held in the Multno mah Hotel and presided over by R. W. Childs. It was decided to be repre sented at the hearing, which has been fixed for 10 A. M. September 17, at Seattle, by attorney. Examiner Mar shall will hear the case for the Com mission. A delegation of local hotel managers will be sent to attend the Pacific Coast Tourist Association, to be held in San Francisco September 25-26. A. T. Lundberg. manager of the Benson; E. E. Larrimorc, of the Oregon: H. H. Oloutier, of the Multnomah, and Victor Brandt, of the Carlton, were named. W. J. Hofmann, representing the Shrlners, "appeared at the meeting to interest the hotel men in providing funds for bringing the Shrine conven tion to Portland in 1919. This will be supported strongly by the association, it was decided. A committee will be named later to attend to it. INCREASE INSISTED Oil SHIPBUILDERS THUEATEV STRIKE IF GOVERNMENT DELAYS, Assistance to Be-GIvea Shrlners la Ef fort to Brine 1919 Convention to ,'i Portland for Seaaion. Because the Southern Pacific Com pany has succeeded in obtaining a new bearing upon the celebrated case of the $17.50 differential formerly charged tourists who wished to come to Port land or Seattle from California, hotel men of Oregon and Washington must put up another fight to retain the pres ent condition. The Interstate Com merce Commission once ordered the tije settled in favor of the hotel men Owner Willing to Grant Rise If Ex pense Will Be Allowed on Con tract Price of Ships. Unless the Federal Government grants liberal wage increases to the men employed in shipyards working on Government contracts or on vessels commandeered by the Government, the men say the yare going to strike. It is apparent that the men will con tinue to work under existing condi tions for a reasonable length of time, but many of them are growing im patient over the Government's seem ing delay. The union officials are urg ing them to stay at work until the Government acts. They point out that existing con tracts were made most of them a year ago, some of them more than a year ago and all more than six months ago. Since then the cost of living has advanced more than SO per cent for the men employed in the yards. Meanwhile, too, the Government has taken over the work on all vessels under construction and has placed ad ditional orders with the yard3 for its own account. These vessels were con tracted for on the basis of the then existing conditions and the then ex isting wage scale. Now the operators are ready to grant liberal concessions to the men. but I they want the Government to make allowances for such increased ex penses. The Federal authorities have appointed a committee to inquire into conditions and recommend action. The committee now is at work at Wash ington. r. C. On the promptness with which this committee concludes its investigations depends the continuity of work in the local yards. FARRELL WILL Ifl SUIT RELATIVES OF DECEASED ASSERT CLAIMS TO ESTATE. Mrs. John B. Yeon, Chief Beneficiary of Probated Instrument, Said to Have Influenced Testator. On the charge that John B. Teon, Mrs. Elizabeth x eon, and Mrs. Mary Mock, motner of Mrs. Yeon, poisoned the mind of Mrs. Anna Kliza Farrell. deceased, against her brothers and sisters to such an extent that they were practically cut off from the "0. 000 estate left by. Mrs. Farrell, a con test was started in the County Court yesterday against the estate. The plaintiffs are Lydia Lott, Harriet Pad dock and Albert Sunderland, sisters and brothers of the deceased Mrs. Parrel I. The petition to set aside and vacate the probate of the will, sets forth that Mrs. Farrell had made a former will in which the plaintiffs and other rela tives, for whom they are bringing suit, were made beneficiaries. It is alleged that Mr. and Mrs. Yeon exercised undue influence over Mrs. Farrell, who had suffered a paralytic stroke, and induced her to make out a new will, cutting off the petitioners with 1 each, leav ing the balance of the property to Mrs. Elizabeth Yeon. The petition further alleges that while Mrs. Farrell was under the care of her sister, Lydia Ixtt, a letter was received from Mrs. Yeon commanding Mrs. x arrell to leave her sistlr. At that time, the petition asserts, Mrs. Farrell made the statement that she would have to die and leave her prop erty to Mrs. Yeon In order to have peace. Mrs. Farrell died March 1, last, leav ing a will in which Mrs. Yeon was made the chief beneficiary. Mrs. Yeon was also named in the will as executrix to serve without bonds. She was ap pointed under an order signed by Judge Tazwell. March 12. The petitioners allege that they are entitled to a one-eighth interest each in the estate and would have received such legacy had not Mr. and Mrs. Yeon and Mrs. Mock induced Mrs. Farrell to destroy a former will. In addition to the petitioners It is asserted that the following relatives are entitled to a portion of the estate: Milton Sunderland. Ttose Guypton, Mary Mock, Frances Fleckenstein and the children of Mrs. Christina Kelly, a deceased sister of Mrs. Farrell. Kev. A. F. Bishop Recovers. Dr. Arthur F. Bishop, who has been ill for several months, has recovered and will be back in his pulpit in Cen- J tral Presbyterian Church on Sunday can complete the work in their home section before coming to the Columbia River. Indian Frank, chief of the Puyallups, is delighted with the pros pect and wants the tribe to make the trip by water, via Puget Sound and the Pacific Ocean to the Columbia. TILLAMOOK FAIR OPENS Interest Centers in Barpe Exhibit of Livestock. INDIANS TO PICK BERRIES Members of Puyallup Tribe to Go to Lower Columbia District. ASTORIA. Or., Aug. 30. (Special.) W. M. Round, acting for the cranberry growers on the ".."ash ington side of the Columbia River, has made arrange ments to have the Indians of the Puyal lup tribe come to the Ilwaco Penin sula during the cranberry picking sea son and help harvest. The berry-picking season in the Puy allup district will be over when the cranberry season, begins, so the Indians TILLAMOOK, Or., Aug. SO. (Special.) Tillamook's annual County Fair opened yesterday and promises to be a marked, success. There is a big ex hibit of livestock and a lively interest is being shown In the different breeds Maryhill of cattle. The attendance is expected to be larger tomorrow and the later days of the fair There are concerts by a bagpipe band and there are interesting horse races. There was a ball game yesterday, in which Tillamook evened up old scores and beat Wheeier, 7 to 6. The feature of the game was a three-bagger with tho bases full by Charles Mahan. SAMUEL HILL TO GIVE BALL Residents of Klickitat County Are Invited to Maryliill. WHITE SALMOX, Wash.. Aug. 30. (Special.) Saturday evening. Septem- ber 1, the mansion of Samuel Hill, at xr...i.iii T - ;.!.:.... . ... i - i. ; -rvin Mini .ouniy, HhinnK ton, will be the scene of a grand ball, an invitation affair for the residents of the county, to whom a large num ber of invitations have been sent, that will be well attended. Those who go in their cars will alight within the residence. as the driveway passes through the building. This residence of Mr. Hill, on the heights, affords a broad panoramic view of the Columbia Kiver and of Oregon and Weshington. One of the finest hard-surfaced highways in the state leads from the North Bank sta tion to his residence. Auxiliary to Meet Tonight. The Women's Auxiliary of the Tort land Ambulance Company, Dr. J. J Seilwood. captain, will meet at Man chester Hall, R5 4 Fifth street, tonight at S o'clock. All interested are cordial ly invited to Httend. ;iilliiliiltliiiMlliilllMiiiinmnilluiiiiiiiiiMlimiimiliilliMllilmiiiitlliiniiiiiiiHiiimiMiiiitiiiiiiiHiil iiiiniiiiiiitftMiiiiiintiiiiitiilHimiililiiliiiiiitimaflliliiimiiiiiiH iiiiiiiiiiiiiiiiiiMiiiiiiiinillliiiiitiiiiinniMiiliiiiiiHiitmnniimimnliimntimh' For Labor's Holiday Up tHe Willamette Valley: Reduced Round Trips to Valley Cities on Oregon Electric Railway. Good going; Saturday and Sunday, return- ing Monday. . Also tickets sold Mon day, return limit Tuesday. Aquatic Sports and Regatta at Astoria Saturday, Sunday, Monday. Round Trip, $3 Clatsop BeacK GearKart and Seaside Escape the smoky town and enjoy the ocean breezes. Fashion show on the beach Sunday afternoon. Scandinavian-American Annual Picnic at Holladay, near Seaside, Sunday. Tickets sold Saturday and Sunday, return Monday Tickets Sold Monday with return limit Monday. Round trip $3 DescKutes River Up tEe Columbia The Stream for the Sport Royal Week-end Fares to Canyon Points Visit the Mineral Springs at Carson; ?2.20 Round Trip. Round-Trip Tickets, one-day limit, sold Monday to North Bank points east to Stevenson City Ticket Office Fifth and Stark Streets MOTHER SAID TRY IT Lydia E. Pinkham's Vege table Compound Cured Mrs. Copner after Doctor's Failed. IP&WH Cincinnati, Ohio. "I want you to know the good Lydia E. Pinkham'a Vegetable Com pound has done for me. I was in such bad health from fe male troubles that T 1.1 1 1 A. IX ,4 yi my hed. I had oeen doctoring lor a long time and my mother said, 'I want you to try Lydia E. Pinkham's Vege tableCompound.' So I did, and it has cer tainly made me a well woman. I am able to do my house work and am bo happy as I never expected to go around the way I do again, and I want others to know what Lydia E. Pinkham's Veg etable Comoound has done for me." Mrs. Josib Copner, 1668 Harrison Ave., Fairmount, Cincinnati, Ohio. too woman suffering from any form of female troubles should lose hope untiL she has given Lydia E. Pinkham's Vege table Compound a fair trial. This famous remedy, the medicinal, ingredients of which an derived from choice roots and herbs, has for forty years proved to be a mo : valuable tonic end iavigorator of the ft male organism. Both Men and Women Suffer with backache, pain in kidney and bladder regions, headache, ver tigo, dizzy feelings and sometimes fail to recognize where the trouble lies. Congested kidneys cause a lot of dis tress, and should never be neglected. Take '.uiwiiiiwiuiiiuiMwiiMiiimiiMauijiuiwiwwiira right away if you would be well and. free from distress after urination, such as burning, scalding, pain and other agonies. 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