New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1914-05-30
Treasury Department Atti-
tude as to Easement Pro-
vOkeS Merchants.
WOULD DAMAGE TOP. o.
BUILDING BE REAL?
Real Estate Board, Opposing Any
Change in the Route, to Probe
Diverging Estimates.

a preliminary movement in opposition
to the proposed change OF the subway
route. connecting the Seventh .av. line
at Park Place and Broadway with the
new PETERBOROUGH tunnel under the East
River. was started yesterday by the Real
Estate Board.
A general feeling OF Indignation exists
among the real estate men, members Of
the Merchants Association and other
citizens at the attitude of tho Treasury
Department in holding up the easement
under the Federal Building, which is
necessary to carry out the original plans
for the Seventh ay connection through
Beekman st. The emergency plans
adopted by the Public Service Commits
sion providing for roundabout route
/ through City Hall Park and Spruce ST.
TO William St, which may be used in case
/ the government does not come to reason
able terms. Is meeting with dlsapproyal
in these organizations.
/ The idea of the government suggesting
81 10000 as the price for the desired
easement. as compensation for estimated
damage TO the postoffice building. when
competent appraisers for the Public Ser
vice Commission declare that the dam
ages would merely be nominal, and the
attendant delays and further compiled
lions in the construction OF this important
| connecting link in the dual subway sys-
TEN. are the principal reasons for tho OBJ
lection and disapprovsl on the part OF
citizens.
Robert o. Chittick, executive secretary
OF the Real Estate Board. at ll6 Broad
way took the matter up yesterday with
officials OF the Merchants Association.
The two organizations are expected TO CO.
operate and adopt pertinent resolutions
on the subject within few days. The
matter will come formally before the
committee on public Improvements OF the
Real Estate Board on Monday. Franklin
Petit is chairman of the committee.
Among its members are Wright Bar
clay. George c. Boldt. Clarke c. DALEY,
A. Fillmore Hyde. Philip r. Jennings.
Leo NJ. Klein, H. II. Murdoch. ID. l..
Phillips, Robert f. Simon and Leopold
Well
/ The fact that such well known ap-
praisers as Horace Ely & Co.. for Secre-
tary OF tho Treasury McAdoo. and Doug
las Robinson, of the Charles s. Brown
Company, and Joseph p. Day. for the
Public Service Commission. should differ
so widely In their estimates OF the dam
age TO the postoffce building has been
widely commented upon.
1t was pointed out that the Ely Arm
formerly negotiated the sale for practi-
cally all the property on which the Hud-
son Terminal buildings, OF the McAdoo
tunnels. were constructed. and for that
reason might feel inclined TO drive a
good bargain" for the Secretary OF the
Treasury. The Ely and Brown firms are
said TO control about IS per cent OF the
appraisal business for estates and trust
funds in the city.
In estimating the possible damage as
nominal" Mr.. Robinson and Mr.. Day
ponted out that the building could not
be materially injured, because OF the
depth (a5 feep al which the line would
be constructed.
Nothing further has been heard by the
Public Service Commission from the gov
eminent officials since the tentative offer
Of 81 900 900 was made for the easement.