New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1902-11-21
BUY LAND NEAR STATIONS
REAL ESTATE MANS ASSERTION ABOUT
JOHN i. MDONALD AND AUGUST
BELMONT TRUE, CIRCUIT SAYS.

The recent decision by the Rapid Transit
Commission to do away with the proposed tun-
mel station One-hundred-a nd-fourth-st. and
Eighth-ave provoked heated discussion at the
meeting of the commission yesterday. Mayor
Low read letter from Samuel Green, a real
estate dealer, of No. 81 Maiden Lane, in which
he protested against the decision.
In his letter Mr.. Green said:
When it became known that the station was in
tended 10 be placed at -hundred-and-fourt
end Central Park West took the precau l 10
and it was confirmed TO me and 10 others there
ing 4ne oF he cbief engineer Of the company
made an investment in real estate close 10 the
station and made II solely the official repre-
sentation made as the location of that station;
Now arbitrarily TO cut out this station would
seem gross injustice TO those who placed s re-
undignihed that for the sake of saving a few dol
and loose decigons should be INDUCED in; de
cison once arrived at officially should De SollCiJ h
slT Change a59 only changed Il no one . ~ e
Many arguments could be made in favor OF a
sufficient to determine the retention of the stateh'
whether the board has the right to trife with IN
Tesors | ~ nave R9n6 Trsnsit commssoners
The Subway company. of which Nj Mei)o 9
IIs + Ad" S Val StreeT Discrimination methods
should have no place in connection with the Rapid
Transit Board. We look to you. as the repre-
sentative OF the ideal right for the protection we
are entitled to-this station should remain
In view of this letter Mayor Low said that he
thought the board acted rather hastily at the
last meeting in voting TO do away with the sta
ton without giving the public chance to have
some say about If. He moved to reconsider the
subject but Mr.. Grout and Chief Engineer Par
sons did not see why they should. The latter
declared that doing away with the proposed
station would save the city 10000 He denied
that Mr.. Mcdonald or August Belmont had in
vested in property near stations, as alleged MT.
C5rout said that he knew an absolute tact
that members Of the Subway Construction Com
pany. particularly Mr.. Mcdonald and MT Bel
mont. had bought very largely near the sta
ticns.
Mr.. Parsons at this announcement sat down.
seemingly very much disconnected.
The Mayor again asked for public hearing
and Morris K Jesup said the board could not
act wholly on one letter. John Claim suggested
that a committee be appointed to inquire as 10
the number of real estate transfers that hao
been made near the proposed station. and now
much money investors might be likely TO Iose'
This suggestion was adopted 1t was an
nounced later that a public hearing would be
held the subject
Borough President Swanstrom said Brooklyn
merchants and property owners through nm
asked the board to minimize the noise and nul-
sance during the construction OF the tunnel
through Fulton-st.
the Subway Construction Company, was read,
I'M which he said he had been misunderstood
aholt how the walls in the subway stations
should be decorated. He said that he did not
ask that they be arranged to hold advertise
,,,en+s and that he much preferred to have
them plain. There were no comments on the
letter