The sun., 1910-06-05
OPPOSE WHITUTDGE ACCOUNTS
PUBLJC SERVICE BOIRD W iNTS
TO ANON lBOIT cars

noNghi b. ihs ThlrS AVrnar and SSisl .
the t3d street. hut the TraRsaellon
Doesat shSN IN llsth nepsrts
Paid for at the Time the AasNsr.
The Public Service Commission wrote
YESTERDAY 20 Frederick W whitTidge.
the receiver of the Forty Street,
MAnhattAnVille aud ~ Nicholas Ayenue
Railway Company. informing HAM that
the board had eliminated from the annual
report hled Uith the commission an ten
Of $50 aaS charged 10 construction ac-
count for seventy Ave y. A Y, 4 care
According 90 the commission these
uArs Were purchased by the Tairi Avenue
Railroad Company. IT which Mr. Whit
ridge u also the reviewer. aud sold 10 the
Forty SECOND Street company The puT-
chase " the cars by the latter named
company vas shown in its annual report
for the year ended June -. is0o. but the
sale SAs NOT shown la the report of the
Thiri Avenue Railroad Company for the
same year
Part Of the commissions iettsr read;
The reports did not contain any eKPlana-
ton Of this duplicaiiOn Of eaaO. .3s5.lO ~
assets This l. another insianre Of your
failure 10 make YOUR sccounts reflect the
actual business that you carry on. DOn
your theory that only cash transactions
are to be recorded In your accOunts lUhich
theory. however, was not followed In en-
tpring the tI5o. 20 among the assets Of
the Fort iy-secOnd street. Manhattanville
and Si Nicholas Avenue Railway you
have been reporting since July :, 1909,
revenues considerably below actual Teve-
nue-. inasmuch a. you took no account Of
power cold 10 the Wesichester and Nonkers
railways during the last SIX months Of
1909. II also appears that the receiver Of
the YOnkers railroad "a charging 10 his
expense sccount rent for the uss Of tracks
on Broadway under an arrangement with
YOU a. receiver Of The nion Railway tom
nany. bat no hint Of any such arrangement
involving additions 10 the income % the
latter company IL found In your reports.
Mr.. Whitridge 10 hia communication
u June 1 explained the mistake a. fol-
lows:
The taSo. .3aS a for. sayenty-hys r. AYE.
cars vas voucnereh and put on the books
Of the ortv-secOnd street. Manhattahville
and 81 NJ holas Avenue Railway Company
in June. Ip0e bat did not 80, on the hooks
of the Third Avenue until tho voucher was
paid July .. 1870. A. the title did not pass
until the latter date. possibly the item
should 10 eliminated from the reNort Of the
FORTY -sscond Street. Manhattanville and
~. Nicholas Avenue Railway COMPANY
for the yeaF ended Juns ~. Inn3. and trans
ferrcd 20 that for the year ended June -.
Isto
The QUESTION Of power purchased re-
ieTred 10 in tho commissions lNttsr 10 Mr..
Whitridge grew out of a difference h--
tween the ionllers Railroad Company
and the Westchester FlsCtric Railway
Company IN the one hand and tho Third
Avenue company as In the pTicc % he
PAID. For the last siN months ~ ipne thu
Third Averus furnished power % tho
subordinat~ companies ~ the rate ~ abou,
So. .O0O month but did not charge IL up
although tho subordinate companies did
No cash was reu@ived from The suhor-
dinaie companies and tha Third Avenus
books did not show corresponding credits.
The result. the commission says. is that
the reports 20 that hody since July {. 1919.
have shown tho revenues of the entire
system AhJut ti70.O01 less than they
should have shown.
When this matter was called ~ NJ.
Whitridge's attention q few months ago
he replied that he had inatrtlct@d hts
auditor to send in certain reports and
added
think the diHculiy 10 probably occa-
stoned Nv the fact Of my instrurtiona 20 him
tths auditor not ts carry any charges
asainsi anybody IN our hooks a. revenue