Queens County Water Rates.
Seventeen delegates, representing the Progress Society of Far Rockaway, the Arverne Protective Association, the Rockaway Park Taxpayers’ Association, the Rockaway Park Citizens’ Association and the Belle Harbor Property Owners’ Association, were present at a meeting of the Allied Civics Associations, held in Pachinger’s hall, Rockaway Beach, re cently at which some very important matters pertaining to that section of Queens borough were discussed and acted upon. The principal discussion was on the question of excessive rates charged for water by’ the Queens County Water Company. The matter was first taken up one year ago, and numerous hearings have been held before the commissioner of water supply, gas and electricity, and about three months ago, Commissioner Thompson ordered an investigation to be made of the finances of the water company with a view of determining whether the business done by’ the corporati >n was giving the stockholders a fair return i n their investment. This report has been finished. but the commissioner found it ncces sary to have a physical examination of the water company’s plant and holdings made, in order to reach a determination whether a reduction from the present rates should he made or not. He has therefore appointed a capable engineer to go over the property and appraise it, and when this work is finished, a hearing will be given at which it is hoped to arrive at some conclusion. Only’ a few ago the first dividends were paid. Figures for 1908show the gross earnings to have been $181.364, and in 1909 they were $204,480, while the real estate held by the company is placed at a value of about $400,000. The capital stock is given at $1,050,000. and the bonded indebted ness $500,000. Dividends of 6 per cent, have been paid on the $1,000,000 of stock for the last few years, together with the interest on its bonds, which shows, it is claimed, a remarkably healthy condition. The civic associations in the Rockaways feel the company could well afford to make a good cut in its rate, which is 40 cents per 1,000 gallons. It was voted at the meeting that an expert engineer be employed by the Allied Civic Associations to make a physical examination of the affairs of the Queens County Water Company so as to be prepared to argue from every standpoint when the hearings are given before the commissioner.
Joseph H. Walsh. 12 Fast Adams street. Jacksonville. Fla., has secured the distributing agency for Firestone tires and demountable rims and is making a leader of the Firestone non-skid for slippery weather service.