New-York tribune., 1907-12-07
?. S. e. BRANCHES OUT.
4NIT-MERGER INQUIRY.
Lighting and Railroad Corporations
Must Make Reports.

Lighting and Railroad Corporations
Must Make Reports.
The first step under the anti-merger section of
the Public Service Commissions law taken
yesterday, when the Public Service Commission
sent TO all lighting and railroad corporations
under its jurisdiction formal orders make sworn
report by December 20 to their ownership of the
stock of all other public service corpora tions and
the ownership by any other corporation o.
of their stock. Under the law no company or
ganized under the laws of this may hereafter
own acquire more than 10 per cent of the capt.
tai stock of a public service corporation This does
not apply to the ownership stock held before the
public service went into effect
Resolutions embodying the questions which the
public service corporations answer were
adopted by the commission at its public meeting
yesterday. They divide the jurisdiction of the
commission into two felds-one the lighting com
panies. the other the railroads and common car
riers including express companies. The questions
which the lighting companies must answer are:
l. Give the name Of every gas corporation or
the laws of the State Of New york in Which, 6huGr o
July / 1897 You held any shares Of thu canitn o
STOCK: The number of shares of such capital stock
then so held by you in each such CORPORATION and
the par value of each such share
: Give the name of every stock corporation gas
July l. 1901 held any shares OF your capital stock:
par value of eacs such share.
The questions applicable to the railroad com
panes and common carriers are:
! Give the name OF every railroad corporation
sanze1d or EXISTING under the laws Of the State Of
shares of the capital stock: the number Of shares
of such capital stock then held b. you and the
GVS tRe S Hame eG sqe o very Stock corporation rail
road corporation. street railroad corporation or
shares OF your capital stock; the number of such
shares then held by II, and the par value OF each
such share
In each case the first question applies also IN
any stock corporation organized under the laws
of New York owning any stock in a lighting
pany railroad company. Such companies must
file reports just the the public service cor
porations unde- the Jurisdiction Of the commission
order issued TO the Interborough Rapid
Transit Company yesterday directing it show
why the rush hour service on the Ninth
elevated should not be increased approximately %
per A hearing the order VIII be held before
Commissioner Eustis December II.
The general hearing the service OF the Met
ropolitan and the Brooklyn Rapid Transit did not
go yesterday. Chairman Wilcox announced
that this and the general financial investigation
had been postponed for about three weeks.
We have now scheduled" he said. twelve hear
ings various specific orders affecting service In
Manhattan, Brooklyn. The Bronx and Richmond.
BY Monday undoubtedly there viii be several more
orders requiring hearings. The commission be
Iieves that it would be better to complete these
hearings and wind up these specific complaints IN
time 10 the results OF the entire proceedings
work than TO continue the general inquiry at this
time, causing considerable confusion and necessi-
tating much hard work in going over the same
ground twice in some cases
AT that same time, can announce, the general
lighting investigation will be taken up. There
are two distinct phases of this-for one Of which
should require the signed complaint OF hun
dred consumers before taking il up; the other one
in which we move OF our own initiative. This
relates to many complaints filed with us, ana we
shall take up the subject in about three weeks
The state receivers for the New York City Rail
way Company and the Metropolitan appointed 10y
Justice Seabury appeared before Justice TpuaA
yesterday to seek a modification OF his temporary
STAY issued the previous day forbidding them TO
take any action receivers. That stay, they con
tended through Melvin G. Palliser and J. Hampden
Dougherty. receivers. and Frederic Couderj, OF
counsel. was so broad that IT would prevent their
Intervening in the Roger Foster suit before the Su-
prerne Court at Washington q Monday. The ap-
plicaton win be argued to-day, and If the stay Is
modified the receivers will appear with the At
torney General III the Foster suit which has for It's
object the setting aside Of the federal receivershp
for the railroad companies.
In the United States Circuit Court the petition of
Woman & Wollman, for Solomon n. Kohn. a
stockholder Of the Metropolitan Street Railroad
Company, who desires the federal receivers set
aside and appointed, to have been
argued but was adjourned Friday afternoon
The fund Of sS14000 belonging TO the Central
Crosstown Railroad Company, which was
ported on thursday hdd been obtained by the
Metropolitan Street Railway Company receivers in
restitution from August Belmont & Co, is still
deposit with that firm, undisturbed by the re
cevers II is deposit the credit the Central
Crosstown Railroad Company which the re-
cevers for the New York City Railway Company
and the Metropolitan system will have control only
through the directors OF the Central Crosstown
The following statement issued last evening
by August Belmont & Co:
There is no foundation whatever for the assertion
contained In an evening paper and since etracted
by that paper that our firm has been connected
with transaction involving the restitution or re-
payment of money to the receivers OF the Metro
politan Street Railway Company. have had
nothing to do with the transaction except as bank
by the Crosstown Road represented by certificates
in no way concerned as to whether this fund
of the Metropolitan Street Railway COMPANY we
had no interest in the fund We understand ii has
been arranged that the receivers are to have the
use of part of the fund TO pay for cars of the
Crosstown line. and 1t viii be paid as the parties
may agree just any other deposit at our bank
ing house would be paid to the people who are en-
titled TO it.
ENGINEERS DISCUSS STEAM POWER
The twenty-eighth annual meeting of the Amer
lean Society of Mechanical Engineers at the En-