Indianapolis Times, Indianapolis, Marion County, 21 October 1936 — Page 11

| BOARD FAVORS | ¢

ADJUSTMENT IN

LIGHT RATE NOW,

McCart Indicates Feeling of Commission at Public Hearing.

The Public Service te

dicated yesterday at a public hearing on electric rates. “We want to get these rates down | where they should be,” Mr. McCart sald. “The public isn't interested in valuations, it is interested in good service at a reasonable price. “There have been rumors of a new proposal on rates. The come mission is interested to this extent. If it could be put into effect immediately so the consumer would benefit, the. commissiori would favor issuing an order to that effect.” Utility valuation changes hourly, Mr. McCart said. The case could be heard on valuation and income basis while the consumer was benefiting, he pointed out.

Documents Are Introduced

Detailed evidence on going value, good will and working, capital were introduced in documentary form by utility representatives after Mr. McCart read the 1933 Indiana statute which refuses admission of such intangibles. He said the commission would rule on admission at a later date. Introduction of intangible values is another step toward solution of the rate case, Mr. McCart said.

Indicating that he would favor some further proposal of adjusted electric rates, thie chairman said the commission would be ready to issue an interlocutory order for rate reduction if a satisfactory proposition is agreed between the city, state and utility. One proposal, saving consumers approximately $412,000 was rejected by both Public Counselor Francis K. Bowser and James A. Deery, city corporation counsel, when it ‘was shown that low bracket consumers would not benefit.

Hearing to Be Resumed Nov. 17

Mr. McCart pointed out that the consumer should benefit as soon as possible on a basis bringing the company a fair return. - He warned participating parties they should be ready to take up specific items in the case when it is resumed Nov. 17. “You must remember that if you are not prepared to conduct this case, the commission has had enough experience to establish a fair rate wi issue an order,” the chairman said. Mr. McCart has been instrumental in pushing the preliminary steps in the rate case to conclusion.

TWO ENLIST IN ARMY

The United States Army recruitIng service reports the enlistment of James ©L. Spann, . 1407 Blaine-av, Indianapolis, and trick J. MecCleary, 537 S. New Jersey-st, Indianapolis, in the Nineteenth Field Artillery at Fort Benjamin Harrison.

i “Control of Indirect Manulacing Costs” is to be ‘disc by Max M. Monroe (above) Dayton, O., at a dinner meeting nf the Indiandpolis chapter of the National Association of Cost: Ac= couritants at 6:30 tonight in the Hotel Washington. Mr. Monroe, a former director of the national association, is‘ controller of the Inland Manufacturing Co., a division of the General Motors Corp.

PARADE. ARRANGED FOR ARMISTICE DAY

A parade and celebration in observance of Armistice Day here Nov. 11 were outlined at a meeting, patriotic organizations in American Legion Building, 777 N. Meridian-st, last night.

The parade is to include marching |

units of the American Legion, Veterans of Foreign Wars, Disabled Veterans of foreign Wars, Disabled Veterans of America, Rainbow Division veterans, Marine Reserve Corps, Indiana National Guard, Spanish War Veterans and the Naval Reserve. Civil War veterans will ride in automobiies. J. P. Ragsdale, celebration committee general chairman, said German World War veterans who have become naturalized citizens also will be in the parade.

LOCAL STUDENT HONORED Times Special CHAMPAIGN, Ill, Oct. 21.—-Mar-tha Morrison, 4240 Sunset-av, a University of Illinois sophomore, was one of 17 women students to be pledged to Alpha Lambda Delia, national scholastic honorary society for freshman women.

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