New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1908-10-24
LOOKS TO CHANLER
TO END ?. S. C. POWER
SENATOR PAGE TELLS OF
NET. PLANS.
Describes Hoe II. S. r. Tried to
Break Dozen Transfer Lac and
Recamtq1iSe the Lines.

Senator Alfred R. Page who introduced the
Public Service commissions law, said last night
that the Metropolitan Railway interests desired
Chanler's election that the law could be
changed
Senator Pages utterance was regarded OF
particular interest, in view of Senator McCar-
ren's frank statement that. in addition to his
plan to introduce billsto repeal the anti-race-
track gambling law. he thought that the Public
Service commissions law should be amended.
and said that in some respects it was unwork.
able.
Last winter when drafting the bill
to include telephone and telegraph companies"
said Senator Page, there were brought to me
proposed amendments. drafted 1 told. by
Metropolitan interests. One of the amendments
would have broken down the present transfer
law and the other would have allowed the cap
italization of franchises upon the reorganization
of q company Those of who were drafting
the bill gave no attention to the proposals. nor
they introduced by any member of the
Legislature. but we may be from the atti-
tude of the Democratic party in this state that
these amendments will make their appearance at
the session of the Legislature this winter
Apparently the receiverships of the street
railways being dragged out until some such
legislation can be obtained by the street railway
interests For this reason it is of the greatest
Democratic candidate for Governor will approve
disapprove of these amendments.
The one as to transfers proposed the addition
of the following language to Section 40 Of the
Public Service commissions law:
Whenever the commission shall be Of opinion
upon hearing, upon complaint made as pro
Nded in this act, after due notice to the street
railroad corporation or corporations to be af1ecteo
0nrstioms ani nb1ic 6earine tRereon that the
obligations imposed
poration corporations operating "A railroad IN
through any city Of the state by Sections l0l
and l04 of the railroad law, with respect TO the
furnishing of continuous rides for a single fare
or free transfers from one line or route TO an,
other are in whole or in part Tnnecessary to afford
commodation TO the public and that an exemption
In whole or in part OF Sach S9Gp4fSom on OF nhli fg
tons furnish continuous rides, would he con
sistent with public convenience and safety. and
be fransPorta{ioh fsciiitie to the public or would
6Sh Gonagfio, '9e m rse the eomnssion may in con-
formity with its determination, make and there
after enforce exemptions, in whole or in part from
said obligations, and iii respect to the point or
points of intersection at which jhe Same shalI be
required, as the commission shall by its order dl-
"vfth the consent of the Board of Estimate and
Apporhonment or otlet aIIoSoiS @
of such city the commission shall also have power
ton or corporations to enter into contract
with such corporation or corporations granting 10
slch corporation corporations in whole or IN
nart exemption from the transfer obligations and
the tn GcfiGn5 m and o Of the railroad law such
consd ration and upon such Gondo2s M da ana no. loF
the franchise franchises Of such corpora..n 81
The consideration for any sucn ~ ~ ar+ of
in in part an agreement or Iile pa pa W
amption 10 furnish for rate of fare to BE- Spec
fed in the contract transfers between us me i ' m
tba Iinc or lines Of or more street raTItd VI
railroad corporations. which it would nor ne re
anred to fuins under the provisions of the rail-
road law.
"If the Metropolitan interests secure this
o,oendroent bv the aid of a Democratic Gov
ornor the people Of New York City will see the
practical men that Conners, Murphy and
Chanler say ought to he appointed exercising
the discretion proposed by this amendment to
cut off transfers and to increase fares.
THE other amendment was drafted by the
,fetropolftan people to Section % Of the public
service law This section now provides that
comuanies may issue stock bonds after Sc
curing the approval Of the commission for four
specified purposes: % quisition of property;
C0 construction, completion, extension of i'm
r,rovernent Of facilities; 81 Improvement or
maintenance of service; a discharge of law
full refunding of obligations, and the section
further specifically prohibits the commission
from authorizing the capitalization of franchises
The Metropolitan people desired to add the fol-
lowing provision:
The proper commission may determine the
amount and character of the securities which may
be reasonably issued upon the reorganization of a
read corporation. or for the purpose Of acquiring
property and franchises thereof. Such determna-
ton may be made upon the application of the hold
shares Of stock of Obligations Of the
poratiOn which is to be reorganized whose prop
erty and franchises to be acquired, upon
the application Of the corporation which is TO
quire such property and franchises.
Further along in the same section they desire |
add TO the provision prohibiting the capital
izati0n Of franchises this exception:
Except in the case of securities to be issued |
upon the reorganization Of or 10 acquire the prop
erty and franchises Of railroad /
street railroad corporations whose franchises |
acquired prior to June 80, 1907
The street surface roads in Manhattan are |
now capitalized at over $224,000,00O. which is !
more than S750,0O0 4 mile Of track. This amend !
rnent would permit practical commission to |
allow recapitalization the old basis
The public which is Interested in maintain |
ing the present provisions of the Public Service |
commissions law will be very glad to know !
whether Mr.. Chanler is in favor of such amend /
nents whether he has given any assurances !
that he will favor them