The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1873-01-18

There are few instances where compensation
has been fixed or attempted as iolOws:-
/. The case OF the Dry DOCK East Broadway and
Battery road where provision was made for the
ss Of 9 s % s c
yearly" laws 1896, chapter $751; 11. .lnl
2. The case OF the Avenue Railroad, which was
required to pay $1,000 annually. u Laws 1858, p.
8. The case Of the railroad in Twenty.thrd street.
The purchase at Is equivalent 70 an an
I. The case OF the railroad in 125th street. The
purchase at $4,000 Is equivalent to an annual pay
ment OF seven per cent thereOn-$4,680
S. The case OF the Gilbert Elevated Railroad Com.
pany laws 1872, chap. 1851, which stipulated that
the Commissioners named In the third section OF
the act might fix the compensation to the city, but
no action under this stipulation has been an
8. The case of the Harlem Railroad Company,
whose extension is made subject to provision for
compensation: claws 1872, chapter S25l
roads an approximate estimate might be made of
the value the franchise in each case the prin.
stated In Of the o.
way over graded street, and the surrender Of the
street to burdensome and somewhat exclusive
use, might not produce result in figures to be
regarded with entire satisfaction. The proportion
this would bear to the total value Of the franchise
It is obvious that, apart from such minute or
exact calculations, q just appraisement on this
question must include 2 consideration OF all the
all the proofs and allegations OF the parties which
have been fully and carefully laid before US. and
Of evidence has been broad, and nothing bearing
on the general question has been excluded.
From such consideration we have come to the
determinatiO that two and One-half per cent OF
the gross receipts Of the city railroad companies
for passenger travel would be just and fair
Fights and privileges granted to and enjoyed by
them. This Is the minimum rate. II decision as
to al the railroads had been required, we can see
that our Investigations might have led to higher
Kill Although we are not called on to decide this
:, e Of
principles that bear on all and each of the city
railroads, and such . conclusion as we have
reached, have been necessary In order to apply
just measure 10 the Second Avenue Railroad Com
= It would be unjust to apply to them rule that
did not in principle apply equally to the other city
railroads, or measure OF payment that did not
meet the facts common to them all alike. On both
xiv. The compensation to be determined is for
the value of the new extensions OF the Second Ave-
nue. road, and not for their main line.
There is room for difference OF opinion whether
these extensions are more or less important and
valuable than any other portion OF equal length OF
their main line. AT two places down town they
lead to Broadway. the main central thor0ughfare OF
the city, and up town to an important ferry. They
viii not be run as branches Of the main road, but
cars running over the main line will diverge down
town-some Of them to Astor place, some to worth
diverge up town to their two terminal points on
| the Harlem River.
The rUaO mas heretofore Oceu, III IdCb, u D0TucI
road running from the East River at Peck slip.
where 1t passes several ferry landings, up along
the east side of the city TO- the Harlem
Pun papa Hav with It on the Third and the Fourth
meet down town with the ferries. These extensions
| down town bring this road to Broadway, and give
it o share OF the travel from that thoroughiare,
| though not at very valuable points.
when these extensions are operated by the CON-
pany 1t will not be practicable to discriminate be-
the RECEIPTS sns apS
! determined between the value OF the extensions
and that of the main line, value made up from the
| ton.
This proportion will be most fairly arrived at by
OF the whole road and holding the value Of the ex.
tensions to be the proportion OF their length 70
This results as follows;- 50 % u.s,
The main line has Of double track. 20, sa4
The main line has OF single track. %, TAO
| Equal to double track. ................. 1850
Total length in double track. A, so4
| the extensions have Of double track. 1851
The extensions have OF single
Equal to double track sao1
Total length in double track....... A,752
Total length Of road .se. $50
The extensions will be twenty-six Der cent in
length OF the whole road.
XIV This company has had since it's organization
| less business and smaller profits than some OF the
other city roads. 1t has had long line through q
sparse population, and route NOS terminating at
| either end at any great city centre, nor touching
| its main central thoroughfare Broadway; and II
has had between 1t and Broadway two Competing
| and successful roads.
This compensation IL to be awarded against this
road Alone out of all the city railroads. with the
exceptions above stated none are subjected to this
payment, nor are they liable to make such com.
pensati0n unless they hereafter obtain extensions
I Of their roads or renewals OF their c0ntracts OF
ehartera and IL should be then imposed as O cOndt