The Wheeling intelligencer. [volume] (Wheeling, W. Va.) 1903-1961, 1912-07-20

NEW YORK. July IA new form
OF transit. not attempted hitherto In
any part of the world. is to be intro
duced in New York as soon as the
actual work OF construction can be
completed. This was made certain by
the action OF the Public Service Com.
mission this week authorizing the
building OF an underground moving
sidewalk to extend across Manhattan.
underneath Thirty fourth street. which
has become So congested at the i'm
portant crossings as to make the
progress OF pedestrians dificult. and
at certain hours of the day almost
impossible. The new system. which
Is to have its first practical use here
consists OF series of continuous
platforms. placed side by side. but
moving at different rates of speed.
which are SO graduated that passen-
gers can pass from one platform 10
another without Inconvenience. Seats
VIII be provided for those who wish
To use them. but IL is expected that
the new transportation line will be
used very largely by persons who are
going only block or two. and who
viii prefer TO stand. II is claimed that
for short distances this IS the most
rapid system OF transportation posi-
Die to devise. as the vehicle itself
never stops, while passengers may
get on or ahght at any point. IL is
said that the new road will easily be
aoie 10 handle n million passengers
day. New York already possesses
greater variety OF transportation
IN kar
world. ranging from the old-fashioned
morse car TO monorail railways and
moving stairways. and the addition OF
this unique system will add one more
10 the many metropolitan ways OF
overcoming distance.
How profitable the bushes Of acting
as receiver for big corporations has
become was strikingly illustrated this
week when the courts finally wound
up the affairs of building and loan
association that went into bankruptcy
ten years ago. The company had a
great number of small stockholders.
Many Of these have died or have been
lost sight Of in the long period that
has elapsed since the crash OF the
company. Those who have survived
the successive delays. however. will
receive between twelve and twenty
cents on each dollar of their invest
ment. the total amount left 10 them
out OF .2.500.600 being about $500. 900.
ON the other hand the receivers and
attorneys who have devoted their at
tention fore or less internationally TO
closing up the business OF the defunct
company are drawing overS4OO. 900 for
their services and expenses The H.
600 investors I'm the company, most
OF whom Were clerks. teachers and
others Of small means. put an aver
f'ge Of about 5000 each into the com
TanN. or this more than half was
dissipated by mismanaEement while
90 the remainder the stockholders will
receive between $40 and $50 out OF
their original investment while the re-
ceivers and their attorneys will take
S32. While this Is a particularly flag
rant case and has aroused vpch at
tention on account Of the size Of the
fees allowed. there has been many
others In which the stockholders have
Jared even worse. Under the system
prevailing the receivers are appoint
% hy the judges and Tammany poll
ticians or lawyers identified with poll
ties usually come IN for the big plums.
\ movement has been started FOR do
ing away with this abuse and 70 =
f~ceiNing the support % the better
element Of tho bar and Of the entire
business community
4 rather unusual warning o. now be-
ms euundsd Nfre fu TIE for m - n pro
tess aga MT afulferafed silks Adui-
tented foods have. q course been
known fnr many ~ears but few
PERSONS have realized fhe sSferf Co.
which tie aIuitsrafion . oar slk goods
.as been CARVED Iloral dealers assert
ffnf fhr rIuefrV lei srrlousIf threatened
Iv fre present iart q ieEIeIatte meas
res fp compel sdIltsrafed s's to 10
lobe 90 nrl snIf as surH rluuhf~f'v
alI women Vs. aEr~e uIfF the point ~