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9
<br />
<br />Jafluary 2'~, 1~22
<br />
<br />Merchants & Farmers Bank ............... ....-.-.--..- .-.$ 1,527,22
<br />State Bank
<br />Citizens Trust Co ...................................... 56
<br />Mutual S~vings Bank .....................................
<br />Community Savings B~nk.
<br />
<br /> 81.85
<br />
<br />l~O~ 3~
<br />
<br />Total, $ 3,337.76 $3,23~'ll
<br />
<br />$6,576.87
<br />
<br />Grand Total,
<br />
<br />On motion, the Stmtement wms referred to the Finance Committee.
<br />The followiRg communication was remd from the President of the
<br />
<br />"Hon. R. A. Hutchins,
<br /> Nayor of the City of Portsmouth,
<br /> Portsmouth, Virginia.
<br />
<br />"Ri ob~nond,
<br />
<br /> R~. ~ Power
<br />
<br />Virginia, Janu~y 23, 19~2.
<br />
<br /> "Dear Sir:--
<br /> I have thio day ha~i a ~onference with General J. P. Je~vey, City Manmger,
<br />~n~d ~r. Frank L. Crocker, our Counsel at Portsmouth, with a view of remohi~g some bmsie of
<br />settlement o~ the present disturbed public service oondition~in your City.
<br /> As M-ou are aware, this company has been authorized by the State Corporation
<br />Commission of Virginim ~o put into effect in Portsmouth and vicinity a rate of ~ cents. In
<br />this hearing before the Commission it was developed, as I think we have mll conceded for some
<br />time~ that a~ a~justment of routes in your ~oity was essential to mn economic and efficient
<br />e6Tvioe.
<br /> tn our conference a brief d~raft of ~ o~nanoe ~as submitted which we
<br />understood hmd been under oonside=mtion by~Gene=~ Jervey mhd ~. CrooEer, mhd ~fter.the most
<br />c~reful consideration, while we believe ~here is much in mddition thmt must be done in mn
<br />justment of our relmtio~s for m ~ent me~tlement, ~e have. Zemohed the conclusion thmt the
<br />immsdimte mdoption of the or~m~noe in ~bmtantimlly the fom submitted would contribute.~o
<br />the end which the City mhd ourselves mre both working,- Eot ~he estmblim~ent of m smtisfactory
<br />
<br /> Should the Co, oil.of the City mot fmvormbly upon the proposed ordin~oe,
<br />we b~lieve thmt with the expenditure Of mpproxi~tely $100,O00 called fez from this comply
<br />in bette~ents ~d the instmllmtion of twelve lmdditionml Bafe~y Cmrs ~he service for POrtsmouth
<br />will be ~ple f0z the present. This will certainly be m far mtep forwmrd.
<br />
<br /> It Is the hope of ~his Oompmny, ms soon ms its fin~ces will ~ustifYf
<br /> t~ke up with the Co~ucil the generml situmtion of m new franchise which, of oourse~ will
<br /> w~th it im~ovements to the~Nmvy Yard service ~d ~e~vice in other Se~ito2y which~mm~ b~ ~e-
<br /> qui~ed.
<br />
<br /> ~ . As you ~e ~dvised, the Council of ~the City of Norfolk h~s propoee~ t0 us
<br /> the ~rbit=~tion of the wage sc~e mn~ that if we mcoept %he~. will ~ree to. certain motion which
<br /> will, we thi~, improve the ~e~es of this Company, mhd w$ oeg to stmt~ thmt fmvo~mble~motlon
<br /> by the Council of you= city on the ordnance mbove .referred to will justify uS in ~eeing
<br /> that mny w~e so~le which mmy become effective in Norfolk ~ m result om ~ch mrbttr~tion
<br /> shall mlso be mm~e mppticmble to Portsmouth. ~ -
<br />
<br />Respectfully,
<br />
<br /> Thom. ~. Wheelwright, President."
<br />
<br /> The following is the ordinance enclosed:
<br /> "An Ordinance To Amend Franchises Operated.by the
<br />Virginia Railwmy and Power Company in Portsmouth in the Particulars Herein peoif~ea.
<br />
<br /> ~IER~AS, the Virginia Railwmy
<br />cents per passenger on its street railway sSstem in Portsmouth ~nd vicinity, bul has not
<br />placed said r~te in effect;
<br />
<br /> WHEREAS, the authorities of the City of Portsmouth desire said Company to refrmin f~om
<br />incremsing its present rate of fmre in P6r~smouth ~ud vicinity, and to attempt to increase
<br />its earnings by methods of economy and ~o increase the efficiency of its service, in oo-opermtim~
<br />with the Council of the City of Portsmouth; and
<br />
<br /> WHEREAS~ the Said Company is.willing to co-operate with the Council of Portsmouth in an
<br />effort to keep the rates of fare ms low as prmcticml, and to render ~he most efficient service,
<br />~nd is willing with the consent of the State Corpormtion Commission, to suspend ~he putting
<br />in effeo~ of ~ cent fa~e; and
<br />
<br />WHEREAS, this ordinauce h~s been duly advertised for 10 days as required by law,
<br />
<br />NOW, TNL~REF~RE, be it ordained by the Council of the City of Portsmouth:
<br />
<br /> Section t~ That the frauchises~under which the Virginim Railway and Power Company operates
<br />its street railway system in the City of Portsmouth be and the same mre hSreby amended in the
<br />following particulars:
<br />
<br /> S~otion ~_' That said Virginim'R~ilway & Power Co. be and it is hereby authorized, immedi-
<br />ately upon the taking effect of this ordinance, to discontinue and abandon the street railway
<br />line ~eginning a~ the intersection'of Coturt and County streets, thence along County street to
<br />C, dwin street,~ thence along Godwin.street to Columbia Avenue, thence along Columbia Avenue,
<br />
<br />
<br />
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