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August 15, 1~22
<br />
<br /> e 1 a~a a h 2;~1) required extensions and further rerouting as the Council
<br /> On P ag ~.,~,~P g~ ~ ~ ~ ...... ~ s such a.~rovision as might
<br />may direct. ~ ~ .~ ~- ~ w~ mvantinm a ~e~etual franchise, ~t no comp y
<br />P~
<br />with a limited frmnchise ~ould properly undertake mny ~oh ~rden ~ this. To illustrate
<br />the reason for rejeoti~ this proposal, it is o~y necess~y to smy that in the lmst
<br />of the life of the oompmny's fr~ohise C~ncil could require extensions involvi~ the ex-
<br />pendi~e of hun~e~ of thousands of dollars, which e~en~re might, in the f~oe of ret
<br />venues, be justified that pmrtic~ yemr, ~ut mt the end of the ye~ when the frmnchise
<br />h~d expired the oompmny would find itself in possession of t~mcks representi~ m lmrge
<br />exDen~re with no fr~ohise right to oonti~e ~o opormte over the s~e.
<br /> Pmge 10, pmrm~ph 2 (m), ms ~o the con, rich in which the om=s mr~ mo be kep~, is
<br /> able ~o the company.
<br /> Pmge 11, par~rmPh 3 (a), calls upon the c~p~y ~o demonstrmte~ ~he trmckless~rolley in
<br /> Portsmouth. If these prinoipies mre m~eed to by the City, company will opermte m trmokless
<br /> trolley li~e on Cook ~etween ~gh mhd A Streets im orde~ th~ the city's representmtives
<br /> determine whether or no~ t~t-system is smtisf~cto=y. If it is s~tisfmctory, the. money
<br /> vested would not be wasted' ms the rou~e of demo~st~mtion w~ld be over ~ portion of the pro-
<br /> posed permanent =cute mhd of course, if the demonstration is sa~isfmctery, mhe comply will
<br /> mocept m frmnohise under the proper smfe~mr~.
<br /> P~e 11, parm~aph 3 (b), is smtisfacto=y to the compmny.
<br /> P~a~h 3 (c) on~page ll, shou~d,b~ modified to meet the sugg~tions that have bee~
<br /> here~nmbo~e ~ade as to rbuting mhd scneauzes.
<br /> P~e 12, pmrmg=aph 3 (d) refers to ~nnu~l license t~x. The company still feels that
<br /> tmx b~sed on o~ mile~e opermted is the o~y fmir mhd scientific method of dote=mining the
<br /> tmx. Three tenths of a cent p~er mile is ~gg~sted ms being.m proper ~mx. The comply o~noZ,
<br /> however, ~ree mo leave thia mmtter open to that t~e Counci~ mmy inorem~e t h~ tmx from time
<br /> time. ~e basis of the tmx should be determined at th~ beginning ~d then the incremse
<br /> omr mile~ opermted will mutommtio~lly provide for prope~ increase in'theTM.
<br /> If the foregoing principles' o~n ~e inoorpormted into ~ orinoco or mgre~sn~ on o~
<br /> before September let 1~22, the Comply will complete ~he work' of const~c~ion called for
<br /> , b~tmnoe thereof ~y Mmy
<br /> Ht~ St=eot ~d No=th o~ High Street ~y December let, 1~22, mhd the
<br /> l~t, 1~23, ~d ms the dmfferent cons~o:tions ~e completed ~nd put l~'OPermtidn ~he
<br /> titive servide in the respective territories ~s to be r~oved.
<br />
<br />,Respectfully mub~i ~te~,
<br />
<br />VTRGINIA RAYLWAT AND pOWeR COMPANY
<br />
<br /> By THOS. S. WHEEL~RtGHT, president.
<br />August Sth, 1922."
<br /> Then Mr. B~ooks offered the following resolution, which was adopted:
<br /> "RESOLVED by the Council of the City of Po~t~outh, Vm., That it cmn ~ot con~ in the
<br /> we~ of the V~. Ry. & Power Ce. ~d ~e-mffi~ms its forme~ position, especially t~ose ~temm_
<br />~ -. .... ~ .... --~ .... ~+-*,~ ~e~,ond 75~ End- right to m~ke sohe~les; 3rd~
<br />-~~----~ ~ ~itne~,s·" an~ that the City ~nagsr be instructed to ~ ft p Y
<br />
<br /> ~d by t~ following vote: Ayes-- B2ooks, Hutohins, Oast, Smith, Stewart, ~ite, 6.
<br /> Nays-- Esleeck, 1.
<br />
<br />On motion, ~djourne~
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