. Electric railway journal . aders havein them. People read the daily newspapers to satisfy theirdesire for excitement or interest or entertainment. Butthis is not the case with the business newspaper. Businessmen need the service of these papers in the conduct oftheir everyday business life. In these days when there is disorganization, dissension,disruption in all walks, business, politics and religion, thereis a great place for the business paper to bring out morecomplete information, to assist in making us all realize wemust work for a common cause, the upbuilding of ourcountry. The busines
. Electric railway journal . aders havein them. People read the daily newspapers to satisfy theirdesire for excitement or interest or entertainment. Butthis is not the case with the business newspaper. Businessmen need the service of these papers in the conduct oftheir everyday business life. In these days when there is disorganization, dissension,disruption in all walks, business, politics and religion, thereis a great place for the business paper to bring out morecomplete information, to assist in making us all realize wemust work for a common cause, the upbuilding of ourcountry. The business men of this country need your assist-ance. They are looking to you for information and advice,and are expecting it. On your shoulders therefore, per-haps more than on the shoulders of any other single agency,rests the obligation to meet the needs of these trying days,with a sane and sound presentation of the case as it existsat the present time, a presentation free from private bias,or the desire to serve a popular December 3, 1921 Electric Railway Journal 989 Valuation and Renewal FundConsidered Evidence Presented by the Chicago Surface Lines in FareCase Recently Closed Shows Valuation and RenewalAllowance to Be Low IN CONNECTION with its case to show cause to theIllinois Commerce Commission why the rate of fareshould not be reduced, the Chicago Surface Lines had Drum, consulting engineer, Chicago, present evidence■-as to the value of the property and as to the adequacyor inadequacy of the present 8 per cent maintenance,renewal and depreciation fund. One of the conten-tions of the city in trying to bring about a reductionin fare was that decreased cost of labor and materialswas one of the reasons for a reduction in the rate offare. Mr. Drum therefore endeavored to show the effectof the changing material and labor prices upon the value■of the property. He submitted new valuations based•on an inventory made during the early part of 1919 towhich was applied
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