The evening world., 1913-01-27


CARE or THIRD TRACKING
PLACED At $4,000. 900.
q % further stated that the cost OF
third tracking work under the certin-
casss proposed TO b Issued by the Com
miss3on TO the Manhattan Railroad Com
paay will Be such that the company will
- required to raise approximately
OloAoo.ooo 70 carry out It's obligations
un1ae the certificate; also that the cost
Be various sxtsnsioos oe the Il" roads
peows1sd Tor IN the certificate proposed
- - Issued 10 the Intsroorough VIII be
ou5A that the company will be required
- raass approximately a.. 900 to carry
40 NJ obligations under that certificate.
= n further 81 forth that the c0m-
Vsnv hss outstanding 900 OF forty
~ year sold moregAgs bonds. These
- ~ompany want 20 retire. the amount
uuluirsd foe shat purpose being put 81
ooLReoo. The company aiso asks Tor
,pNmassion TO make an Issue OF e1s.cco oco
l. poy on the oompanys nine months
3 ~ cont. notes to the value OF Ss.ooos'
81 and also oi7l.eoo b BE- rsssrvsd under
Ne propossd mortgage and bonds 70
SeoSss that amount - pay on certain
w. uDoa certain parcels OF eAAA
bossoo ARG TO RUN UNTIL JAN.
I, ieoe.
\ ~ peuDeosA bonds ars 70 eear dats
10, 4 aaaA asA 70 - paid Jaa. l. IN.
~ 20 Ssas interest," ~ per cent They
are . - Osabject - purchass at no. ~
n1aaeA IN The GvsainG World. The com.
49, ~ otook Of o8ye0, 900 outstanding.
IN ~ psf1tioa admits that last year
p 1tvlAeod q = per cent. which IN
cau0sA shs 5 pr osus dividend VA
~. petition q the New York Mu.
uieapal Railway Corporation asks Sor the
approval oe the commssioa 70 . pro
poSsd bond Issue OF oo6.ooe. 900. These are
~ eonds which thr B. n. Z. will -,
froa Shs Alunicipai Railway Corpora
tioS at "a. and which the former com
Danv could let out 10 banding INTEREST,"
a. : much lower agure. Kuhn. Loeb
co. Are understood 70 have arranged q
take the whole B. n T. issue.
Here 70 what the New York A.micepe'
Raiiroad proposes 10 % WIN III
70 connolly with tts oesssat che,sssaon'
under the proposed subway contract fo'
construction. SiA.soo. 900: 70 provide equip
ment, a, 900. 900; reconstEucsion q exist
ing railroads. sio.ooo.ooo: TO provide al
ditional trackags 20 exdseng unes
Ss,so0,Oo. and 20 provide extensions U
EXISTING ilnss. es.oo0.eoo.
MALrsig MAkGS oDjGcrloN &c
iNrE~ooNouoh's PLEA
ne hearings to-day we're more
~ perfunctory. General Manage
Frank Hsdiey Of the IntsrborouEh test
f,ed that the Manhattan Railway Cor
peuy should be permitted TO enter v
Z. 90. 900 % be used tor emerging IN
Fifty.ninth street and esventyNfours
strset newer houses - capttahsauo
A. nav mower houses would cost On
company 100000. His point was sus
tainsd by President 6honts OF the IL
"You win not get an order with m
snoruVaA," Commissioner Malthio SAT-
Sso0 II y made absoautsly cies
whether this 100000 shoum DO CA
sealisataon Or . replacement charge.
1lo favored making part q the enaare'
mont cost Q replacement charge. Tor
r. ~ goes into capitalization the eli
- Do stand aside and let tho compan
ogao Old material IN the power house
q me city's expense under the ne
s0hway contract.
Ths b. II. T. hearing upon It, bor
oneus was attended by Attorneys Ye'
DAus and Williams. representing TN
So1apany, which they explained had
anuusa stockholders meeting Feb. /:
0otil after this mestinS when prob
- the facts Of the financial arrang
nHu&s between the r. r. T. and !
ngtVate bankers VIII have 70 como on
fhe lawyers said they would not
ready 20 bring On their mortgage CO.
eSing the bonds ready for the commi
yohn Purroy Mitchell. President Of I,
board OF Aldermen. and Milo r. Malth
a the Public Service Commission. W
dSecu,s the subway situation to-morro
night before the peoples Institute
Cooper Union.
MgNcHANrS AssociATioN T
ogNo DELEGATION TO ALeAN'
ALBANY. Jan. 2I.-Ths Merchant
Association Of New York has notiH
GOV. sulxer that 1t will send comm.
tee here on Friday to discuss the que
ton of the appointment OF success
70 william II. Wilcox an chairman
the New York Public Service Commit
sion. The Governor said the associ
don had indorsed his position on I
New York subway situation. He do
not expect to nominate any public So
y1oo commissioners until after Feb.