The morning times., 1896-11-11
AIR system IS FAVORED
Receiver S:hospf Reports His
Iuvestiga ion TO tle Court.
NO HOPE FOR RAPID TRANSIT
He Declares That the lexington
and Belt Companies Could Not At
ford the Underground Electric
System Even If the Money Could
BE BOrrOwed-Case Postponed.

The hearing of the financial difficulty OF
the lexington ana Eelt Line Railways was
again postponed by Judge Cox yesterday
III equity court No. /.
The court room was well filled with
personsinterested in the case but they Were
disappointed. Judge Cox had set Tuesday
for The return of the courts order directing
Receiver schoepr to invite bids for a
suitable rapid transit system for the two
roads.
Shortly after 10 O'Clock the attorneys in
the case entered the court room. There
were present Mr.. John RidOut, represent
ing Receiver schoepf; Mr.. Nathaniel vii
Son, IL the interest of the trustees OF the
bonds OF the road, and Mr.. Jere Wilson:
representing certain bondholders.
Mr.. Ridout announced to the court that
Mr.. schoepf had his report ready con.
tanning bids for the construction of rapid
transit system.
HAD BEEN ARRANGED.
1t was evident the counsel had agreed
upon some line Of action. The differences
between the bondholdcrs and stockholders
seemed to have been arranged. The ques.
ton as to receivers certificates has been
for the time Being allowed to drop. Allprr-
sons interested in the line are anxious for
rapid transit, and how the money is to lie
This has been the cause OF a triangular
fight in which the stockholders and bond
holders are at odds, the latter objecting
to receivers certificates and the former
opposing any raising Of money by calling
in unpaid subscriptions of stock. Both
parties are Con testing that Rec eiver
schoepf acts in favor OF air motors.
HADN'T READ THE REPORT
Mr.. Nathaniel Wilson suggested to the
court that as the report Of Receiver Schoepf
was only ready this m orning, he had not
yetexamined 1t and would thercf ore ask the
court to postpone the hearing of the ease
until next Monday SO that counsel for all
parties might examine carefully the re-
portland the bids received.
Mr.. Ridout did not object and Judge Cox
granted the request. Mr.. Ridout an
nounced that the report was being copied
and would be filed within an hour.
The report first mentions the proposition
of the II. K. Porter Company of PittsDurg
who had n contract with the lexington line
previous TO the appointment of n receiver
ii. K. Porter's offer is only for the tx-
perimental equipment Of one car and enc
compressor for the use of thirty days
for the sum of 1000. They say they could
have II in operation in forty days.
The American Air Power Company. OF
No. 100 Broadway, New York, offer
complete one-car equipment including ex-
penses for one months test for SIC, 500.
Upon the basis OF sixty cars, with the
Pintsch Gas Lighting system. the company
offers to equip the line for $500, 900. On
the basis or eighty cars. deemed necessary
for both roads the price would he S674,-
600, and include $50, 900 for buildings, etc.
COMPRESSED AIR OFFER.
The Compressed Air Company, OF New
York, proposes to furnish a trial car. COM
pressor. etc., for thirty days test, alb
soluteiy free or charge. to the railway COM
pany, and without any obligation in any
event TO pay any sum whatever for the
use unless the court shall accept the same,
which, IL accepted, shall cost $50. 900, such
acceptance subject to the provision that 1t
shall prove satisfactory to both the court
and the District Commissioners.
Including buildings and eighty cars COM
plete the company offers TO equip the road
for S50S 600.
In speaking OF the air systems the re-
ceiver says that he has estimated that
500 900 would have to be expended on the
tracks of The company To put them in shape
TO withstand the service OF either OF the
compressed air systems. This closes the
reportupon the air systems.
THE UNDERGROUND SYSTEM.
Then follows a combined proposition from
the General Electric Company, the Ameri-
can Wheelock Engine Company, and f
Saxton. for the equipnen mt OF the roads with
an electric underground trolley system,
similar 70 that Gsed By the Metropolitan
Railroad Company of this city.
The price named for the total equipment
of both the Belt and lexington lines with
this system is given as 81 1,s1S,S7 and
for the lexington line alone, S799 AT.
Mr.. Scnoep! does not recommend the latter
system He says 1t does not seem that
the expense would be justified, even II the
money could be raised for such an equip
ment.
The fifth and last proposition is that OF
the Westinghouse Electric and Manufac-
turing Company, which offers to equip
both roads with the electro magnetic sys-
TEN, at n cost of So ,072, ,539.
Mr. Schoepf declines Ia recommend this
system on account of the expense. He
says the company must acquire additional
real estate to equip the line with rapid
transit of any kind.
Summing up he recommends to the court
the adoption of the proposition of the
Compressed Air Company for a free test of
its system, which tie says imposes no Oh
legation to adopt it. yet from which test
valuable information can be obtained
He says the decision as to the equipment
of the line can then be deferred He asks
that immediate authority be granted him
to ship a car body for equipment with the
motor of the Compressed Air Company.