New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1917-03-12
Opposes s1,sOO,OOO Allowance

to recommend. Nothing of the sort ap-
pears in the report. 1t is mostly al,
academic treatise upon the theory ana
practice of appraisals Of city properly
and his general criticisms of the bases
used by the port and terminals COM
mittee is not tied into any specltc APP
praisal made by that committee.
Personally | know nothing OF his
temporary assignment TO other WORK
after his report was received. AS
matter of fact, other objections mucn
more vital than land values had pre-.
scented themselves to me in my STUDY OF
the proposed West Side agreement.
The land values were important only III
case the agreement in the main was 70
be accepted. Then they would repre-
sent details to be corrected u eIroi"
had been made in the computations.
"But if the fundamental principles
of the agreement could not be accep'eG
land values and all other features oil
the plan as now proposed. other tnah
Fundamentals, were OF minor lmpOr-
lance in reaching a conclusion. .,
There never has been any at'ehP'
- oag Mr. Cederstron. On the con-
trsrv his relations with the comm's-
90 mn 10 the moment Of his resign
tion annear to have been most coIoiai
"a intimate. When he told me ne
conld Obtain a very large fee from M
neFord. of the Randolph Reaity Co,n-
-anv for doing this work and thaI ne
,ras sacrificing that by staying WIN
The commission advised HIM 10 res!si
srd accent Mr.. DeFords proposlV,oh
nd that afterward ] would favor ms
res,niovment for such real es~te
,,ort Of the commission as was lhe,,
unfnished. Mr.. Cederstrom then saio
.ha, money was not consideration 10
~, as against his loyalty TO the com
nai.sion md he preferred to sacrihoe
bis fee and do the work for US
Re,ort Believed To Be Final
"Tbere was no intimation by MI
c.saS.-or, when he submitted his re
80, 20 tbe commission that II was
rTolino;nary report. II was assumed "
go whole contribution TO the mat
ter. The suggestion that the repoa
No, tnreliminary' appears for the HiS'
,ins in his letter OF resignation.
"E;naliv. am informed that regulaI
-, u,bich Mr.. Cederstrom has Deeh
6oino far the commission nahely' ene
anrrsisal Of real estate in connec.I0i
LEI the dual rapid transit cohtrhc's
"a oarira completion, and that IN the
:. a..,raI course Of events he would nave
iaf, The services of the commission
Thin few months. His resighaIio"
a. .hig time, therefore. does not iepIe
so,t tho significant sacrifice OF per.
s.nal interest which his letter m'sh'
seem TO Indicate. ,,,L;cb
MAYOR MitchePs Statement " ',,o"
slso bore the signature OF CohtrolIefi
prendergast, set forth that the ci'y o.
eciais had nothing to do with the reia-
tionS OF the Public Service Comnis,
sion's subordinates, but that they wouIo
Welcome any light that might be thrown
wnon the real estate appraisais maue
~ connection with the proposed agree
ment.
Realty Board Making Test
Attention was called TO the fact that
,bn peal Estate Boards voluntary com
,a;t,ee now is at work and That its re-
nnrt would be final. The committee
consists Of the following members;
fa,yyence n. D. Mcclure, president OF
pa"I Esta.e BOARD; william A. De Bost
- crnikshanx g. Co; Alfred J.. Mar
H. ~ Horace S. Ely & CO.; Walter
s,ablsr. controller Of the metropolitan
IjTe Insurance Company; Joseph IL
Ward appraiser Of the Title Guarantee
and Trust Company; Robert 7; kainey
WsIdron ID. Belknap, OF the Banker
Trust Company, and Francis stevens
Of Douglas Robinson, Charles D brown
& 60. ,;,.oa
will be authoritative and should ais
Dose Of the question Of real estate va, VA
ycso continued the statement. we
nroposc 10 be guided by the findings OF
,bis committee in the matter o. resl
cxtate values. II the committee hnuf
that the values reported to us are IN N,
correct, correction will nave 70 ~
made before we proceed With this mat,
,er In any respect. This has been
understood since the valuations we're
Challenged and the above committee
anoointed. No settlement viii De up
proyed by US, much less made. until thI'
whole question Of real estate vhiue'
has been settled beyond cavii ana g
The complete protection OF me CITY
interests" - $40.
When Cederssrons attention was