. Electric railway journal . rized under the franchise grantedthe Strickland-Hobson interests in franchise authorized a net returnof 7 per cent on the fixed valuation way operations and is entirely familiarwith the business he takes over as hehas been next in charge to Mr. Daltonfor some time. Charles Day President of FormerOhio Electric Subsidiary Charles Day, of the firm of Day &Zimmerman, Philadelphia, Pa., waselected president of the Indiana, Co-lumbus & Eastern Traction Company,Cincinnati, Ohio, at a meeting of thedirectors held on Dec. 8. Mr. Day suc-ceeds J. H. Sundmaker, of C
. Electric railway journal . rized under the franchise grantedthe Strickland-Hobson interests in franchise authorized a net returnof 7 per cent on the fixed valuation way operations and is entirely familiarwith the business he takes over as hehas been next in charge to Mr. Daltonfor some time. Charles Day President of FormerOhio Electric Subsidiary Charles Day, of the firm of Day &Zimmerman, Philadelphia, Pa., waselected president of the Indiana, Co-lumbus & Eastern Traction Company,Cincinnati, Ohio, at a meeting of thedirectors held on Dec. 8. Mr. Day suc-ceeds J. H. Sundmaker, of Cincinnati,as president and director. Mr. Sund-maker severed his connections with thecompany some time ago, opening anoffice in Cincinnati for special consult-ing work. The Indiana, Columbus & EasternTraction Company was a part of theOhio Electric Railway system until thedissolution of the latter by the Fed-eral Court some time ago on applica-tion of the receiver. Mr. Plimpton Associate Editoron Bus Transportation. Judge William M. Holland of the property. Statistics show thatthe earnings have been per cent. The company has operated under thefranchise for fifty months and its netearnings up to Nov. 30, 1921, amountedto $1,645,089, leaving a deficit inauthorized earnings of $599,475. Totalearnings during this period amount to$10,405,344, while operating costs haveamounted to $8,760,254. The totalvalue of the companys property now is$9,407,889, as fixed by the franchise forrate-making purposes. Mr. Dalton Resigns as Manager of Idaho Company H. E. Dalton, general manager ofthe Boise Valley Traction Company,Boise, Idaho, for several years, has re-signed his position and F, L, Ring,traffic manager of the line since lastMay has been named as manager in hisplace. The resignation of Mr. Dalton wasplaced in the hands of the directorssome time ago, but the change wasmade but recently. Mr. Dalton haslarge private interests of his own whichrequire his entire attention and it wasfor tha
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