The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1878-04-07
RAPID TRANSIT.

CONTINUATION OF THE INVESTIGATION BIZ THE
COMMISSION FOR THE ASSESSMENT OF DAM
AGES AGAINST THE GILBERT ELEVATED
RAILROAD COMPANY.
The commission appointed 70 asscss damages
against the Gilbert Elevated Railroad Company mot
again yesterday at noon tho of1ccs Of the wcst-
srn Union Telegraph Company, Commissioners Orion.
Sherwood and Mitchell being present.
Mr.. Isaac Lawrence, who resides In I04th street.
was recalled He testified that principal business
was that OF appraiser OF estate no knew the
character OF tho street, South Fifth svouuc at tho
places designated In the maps His attention having
been drawn by counsel to Nos 100 and 162 aud Nos
no. III and 1913 South Fifth avenue said that tho
value OF tho leo simple interest OF tho nd lying in
front ofthese lots was merely nominal tho interest
- them, taken separately, in his opinion was merely
nominal
On his cross-examination witness said no had on
cia connection with a lire insurance company; no
could not think OF anything that would the
value OF the lots mentioned whether they stopped ut
the line carried 10 the centre line OF the
street he know tho situation OF lots widcpcd on
Broadway, between Forty second aud FitIy- cntn
streets; IN the widening VI broadway pieces land
added to fronts which were OF yalu,
In giving hts testimony about tho south Fth avenue
lots ne assumed that tho street always 10 DO The
Is tho strip OF land question had n value
before 1t became highway; he regarded land which
cOud not DO recalled as a highway; lie inter-
esed In rapid transit further than accom- moda-
ton; he owned property up ana hoped II would
increase In vaius he thought that the bod OF down
town street which could he enlarged Ia front OF
store added TO the value OF tnat property
WHO OWNS THE srRkkTi
In reply TO o suggestion by Dir. Orion Mr. Parsops
counsel Tor tho property owners sad he undcrs,uod
the law bo TOO bed OF tue street. owned by The
proprietor Of csr..i. properly belonged 70 hun as
being devoted to certain prescribed purposes which
were made OF Is.
~.
had IN South Fiitn avenue was 10 travei Il aud SOC
that there were no obstructions; property owners
naa the risht 10 nave hight for tho vaults light
for the buildings.
In reply 10 questions by counsel for tho COMPANY
opening OF the street 10 be liked iacI Tho public
hau right, of course TO excavate the street Tor All
public purposes SUCH Tor instance. as laying gas
Mr.. Benjamin C. HornalI, OF No. 4S East
street. testified thai ne was The real estate bu
moss and hau frequently been called upon TO oppra,se
property; he had looked particularly at Mr. Eno's
lots south Fifth avenue and The work done there
BY ne Elevated Railroad Company in his opinion Tho
stancos was OF iittle or value; tho adjacent lot
could be sold for any money whether or NO
there WAS an extension beyond the line OF tho street
on the lots ID question.
VALUE OF vAULra
On The cr0ss-exanltnation by Mr.. Parsons witness
said he had never been especially Interested IN rapid
transit he did not Know The putting In oil nit
Ia downtown properly added TO the value Of the prop
erty in every case for many kinds business vaults
were very valuable but Tor Others consider ng all CIR
cumstances, tney werO oil very little values In his
opinion would be important that the property bor-
dsrIng South Fittn avenue should have light nnd
pc remembered by tho avenue.
Mr. Adams VINO resides al No 23s West Forty third
street. sometimes an appraiser oi real estate testified
that she land fronting inc lots IN question oil no
material value; tho land used the foundations no
did not think OF material value; u would not make
any difference wbcthcr The lots extended beyond the
liuc OF the street or extended 10 the centre. f.
AT the conclusion OF the witness, testimony couu.
Sci Tor the company notified the Com onvrs that
10 this particular case their testimony was all
Tue investigation was then adjourned yiil Tuesday
evening next, ~ tho Fifth Avenue Hotel