The evening world., 1908-10-16
TRANSFERS PUT
Up TO RYAN'S MEN
BY THIRD AVE. LINE
Receiver Reiterates Willingness
to Split Nickels With Fifty
ninth Street Road.


ing World yesterday. Receiver Frederick
w whitridge to-day yielded to the Pub
lie Service Commissions order for joint
transfers between the Third Avenue Rail-
road and the Belt line at their points of
intersection - Fifty-ninth street and
Third avenue and Fifty-ninth street and
Broadway.
Mr.. whitridge. as the head OF the
Third avenue surface railway system.
goes the commissions order for a Joint
rate one better as he offers to split the
public nickel with the Central Park.
North and East River Railroad Com
pany, owners OF the Belt line.
In substance, Mr.. whtrtdge offers to
ty-ninth street line for O. trial period of
six months. His lines in return will ac-
cept all transfers issued by the Belt line
people.
The question Of whether Tom Ryan
is going to hell or not is OF far less I'M
portance than this transfer problem"
said Mr.. Whitridge to an Evening World
reporter to-day
The Real Problem.
1T Is equally unimportant how many
stocks and bonds are outstanding. The
point Is this-Can these two roads ex-
change transfers and still meet the cost
Of the operation OF the cars? I am
willing to do my part and experiment.
Let US find out
In the following letter to the directors
81 ha ali
"I have received from the Public
Service Commission Order No. 1856. OF
which l understand you have also re-
ceived q copy. As you are aware,
have desired to come to some arrange
ment with the Fifty-nlnth Street Rail
road for the exchange OF transfers, and
1 have now to say that shall be happy
to exchange transfers between your
company and the Forty-second Street
and Third Avenue Railroad lines. which
intersect with the Fffty~ninth Street
lire at Broadway and at Third avenue
for a period of six months
For PubIic's Benefit.
This means that each company will
keep the fares paid to It, and will honor
the transfers Issued on the payment
of such cash fares for use on the other
line.
This offer will give US an opportunity
to ascertain whether the arrangement
is reasonably profitable"
Mr.. whitridge. however. does not be-
lieve that the restoration of universal
transfers in Manhattan and the Bronx
is near. His views are still further set
out in the following characteristic letter
to the Commission:
II have TO say that. some months ago.
l made q proposition TO the Fifty-ninth
Street Crosstown road respecting this
transfer matter. which It declined. and
l have been informed by its officers that
they do not wish to exchange transfers
with anybody. The main thing to be
considered in any such arrangement Is
whether it Is commercially possible.
think nobody. except possibly your own
experts. would dare to say exactly what
the effect of such an arrangement would
be, and because ] am anxious to find
out and think that it will probably be
for the benefit OF the Third Avenue road.
I am willing to make an experimental
arrangement.
Against Universal Transfers.
II cannot imagine that II is the yur-
pose of the commission TO endeavor to
compel separately owned. distinct. rival
railroads In this city TO enter any sort
Of partnership. or that you have In
mind the making Of any preceden;
which would enable you hereafter, by
a series OF orders upon the application
of citizens OF the west side. or every
other point OF the compass, to establish
through routes which would be tanta-
mount to restoration of universal
transfers.
THE attempt to translate the nomen-
clature conditions and theories in re-
spect to interstate commerce to the
street railways of the city OF New York
was not, | think. intended by the Legis-
lature, and l shall deem It my duty 10
challenge your right to do what you
propose. This is no diminution of the
respect which / owe to the Public Ser
Vice Commission, but because / think II
will In such case be proceeding on an
Ing. II not destructive, TO the interests
am set here TO guard"
what success did you have at your
conference with the Belt Line people"
was asked OF Mr.. Whitridge,
WELL talked and they listened"
he replied. I'VE met yesterday at the
Downtown Club, I am a good talker
and that IL about all that was accom-