New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1907-08-22

entry Of the two items OF $500 each, and that
the construction account was not hernizeo "neii
sent TO the city and hence did not show the en-
tries that Mr.. WINS had brought out. TestihiOhy
a this point follows
Commissioner Wllcox-That is they were
Jumped together? Ayes. 1900
nended accordingly? A-Yes.
Mr. Nicom Cexcitedy).-No. What bonds were
Ccmmissioner Willco2--I thought they were on
the construction account, r...
Mr. NicolI-No your honor is all wrong These s
items which in our books we cnaf nfence tbat
strucon account but there IS no preIieuce ~ he he
bonds were issued or are ever golng 10 The
certificate of the Rapid Transit Comn1iss en-
gneer on the construction ana 'a are issued for
these items. These are items which are Ior '0"-
Commissioner wflcox-Thess would come NJ te Gp
eventually in the way which Mr. iylAs nas M
Mr. NicolI-No. they never would co''o up
MR. WINS IN TILT.
r,tan followed the heated co1loquoy between MT
WINS and Mr. Nicon. After some discussion pc
tween Mr.. Cravath and Mr. WINS. the latter ds
if assuming alphabetically that the city 9HOU
take over the subway on account of a preach =,
contract items of the character OF those ne TO- TO-
brought out would he presented as Chains
against the city. The reply was an ernphaIic NO.
The witness also said that it was not true 'l
the city issued its bonds quarterly 10 pay loi
such items" Mr.. NicOll said that no such Items
had ever been paid by the city or ever Wouiu
be- that the city would pay for nothing except
tangible property. AT its then value adoeo ~.
CTavath. He said that that was uhuouD'eu'S ms
construction of the contract.
The question of the filing of the inventory ana
schedules OF the company next came up Mr. WINS
read letter from Mr.. Rives to the head OF the
Rapid Transit Board in which he made various
recommendations.
Q.-Who was the chief engineer then? A--Mr
Q.-is Mr. Parsons now associated with you in
Q.-Is he director of the Steinway Tunnel Com
Q-And he accepted without a schedule the prop
erty which you had provided? Ant Parsons
think We have filed none since in compliance with
the charter because tecnnlGay we dq +t noc bee
in equipment since the first was filed. II IS
practically an inventory of what we have To-Day
Mr. Bryan then testified that the old board Of
transit commissioners had never furnished the In
terborough with any form for making out quar-
terIy statement of its operating expenses and of
its receipts, provided in the charter If the
form had been furnished Mr.. Gaynor said that
there would have been change In the entering
of the items that Mr. WINS had asked about Mr.
WINS again reverted the two $4,000 entries.
At this tuncture Mr.. Cravath offered expla-
nation. He said that the only capital account upon
the Interboroughs books was. first, its investment
in the Manhattan stock. second, in the SteinWay
tunnel and third in other minor properties. After
explaining Chairman Wilcox asked Mr.
WINS to bring out the meaning of the word con
struction'' there could be misrepresentation
Mr. Cravath said again that none of the items Mr.
the city; that all the city would take would
be the tangible property OF the road at the value
as ascertaned by Joint appraisers. Mr.. WINS re-
ferred TO the attitude taken by the gas companies
IN regard to ''the value OF tangible property. Mr.
Cravath tersely said he had nothing to do with
gas companies. and Mt. Nicoll added that no
claims would be made for anything except actual
tangible property against the city
Further testimony showed that the former Board
Of Transit Commissioners had not looked into the
books the company. Mr.. Bryan insisted that
there was no reason why the books should be
amined by any outsider. And the city has
paid over 100000 without examination ref
erence 10 your books asked Mr. WINS. Yes.
but we do not get one dollar except for construc-
ton and that paid only by the Rapid Transit
Board. Their chief engineer checks NJ our esti-
mates
CITY OWES TNTERBOROUGH MILLIONS
THE city owes us S. op0 600 t.oO0 COO right
for the work o building the subway Lots Of II
dates back four years" continued the
witness and I doubt If get cent in in
terest."
Mr. Bryan insisted that he for
the auditing Of the Interboroughs ACCOUNTS. lie
admitted that he saw no reason why the Public
regard TO the forming o schedules and the meth
DDS of accounting.
The hearing was then closed. This inquiry will
he continued to-day. and Mr.. Wilcox said II would
he also continued throughout next week. leaving
the Brooklyn Rapid Transit Company to later
date.