New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1906-01-30
INQUIRY NOT OPPOSE ,
Merger Financiers WHling-NOr-
ton and Belmont VIII Stick.

kt,.,,t,rs who have been active IN the formation
- the IntcrborouEh Metropolitan traction merger
declared yesterday that there would not be the
slightest efort on their part 70 prevent Theodore
" Myers former Controller OF the city OF New
York from investigating the anairs OF the Metro
poutau Securities Company. whose stockholders
have been called 90 meet with him. II was even
intin,sted that once the merger was formed the
officials OF the Interboroug Metropolitan company
r,irht desire 70 look into the past history or the
company which was formed TO lease the Meuo-
politan Street Railroad and endeavor 10 make Il
pay
There was rumor I'm the financial district AT
noon that Thomas r. Ryan had arranged that PAU
Morton should resign president OF the Equitable
and become head OF the marlborough Metropolitan
This was emphatic8lly denied by both traction and
life insurance interests. II was definitely stated
that Nj Belmont had no intention OF relinqushins
the rens OF the company IN which a considerable
part OF his private fortune Is involved. The life
insurance people were equally sure that there was
no Idea or taking Mr. Morton from the helm or
the Equitable
There is not common sense in the report that
August Belmont will step down from the presidency
Of the marlborough Metropolitan" said a promi-
nent traction official "He has ably administered
the Interborough in which he has invested large
part OF his private fortune and the fortunes or ms
friends He would not go into the present merger
IL he were not satisfied 10 its future, and
further he would never invest S7,5oo0oO of add
tonal money in this merger II he were not conf
dent as to the future and had safe and reason
able assurance that the control OF its affairs would
not pass from his hands.
Theodore w Myers yesterday asked, on behalf
Of himself and other holders OF the Metropolitan
Securities stock who are disturbed over the mer-
ger. that the Securities company give an extension
~ thirty, DAYS IN the time Of paying the additional
% T,er cent call which is due to-day. Mt. Myers
said Yesterday afternoon that many stoCkIlolueIS
rad been 10 see him, and that IT was likely a for
mai meeting would be called I'm q day or two 70
appoint a Committee which would look after their
interests. -, ,.-..
which will control the merger and operate the IN
tarborough and the Metropolitan systems are not
responsible what has taken place IN the rSpeC-
taken toward looking into the history OF the metro
Poitan Securities Company has nothlng "h 4s
10 DO with the present state OF afalTs, me
METROPOLITAN Securities holders believe Jlat lhey
can accomplish more by holding out OF the merger
they can hold their stock Most OF the money
which thew have paid IN II said, has gone 10
Doitau Street Railway stock. Under the merger
allotment the Metropolitan Securities stockholders
are given an opportunity 10 participate IN the
future marlborough which, so IaT, mas
proved q steadily increasing dividend Garner.
Orders were handed down by the Appellate DIV
sion OF the Supreme Court, First Department yes
soners. who 10 hear and determine ana re-
mort back TO the 10 whether or not the
three intended subway routes which have been ap,,
prOyed by the Rapid Transit commissioners ana
The Board OF Estimate and ApportOnment should
be constructed and operated. Application was nldue
10 the court 4or the appointment OF these comIns-
soners last Friday and was not opposed; o., -
The commissioners appointed are, Tor the Sd-aNe.
route James ". Halves. William ". Wright and
George c. Norton; for the lexington ave. route
Alexander DrOugh. Abraham Hershheld and Luclen
!, Ronheur: for the 7th-ave. and Sth-ave- route,
Randolph Guggenhe!ner, Patrick A whitney ana
L. BuTnham MOffatt.