The sun. [volume] (New York [N.Y.]) 1916-1920, 1919-07-01
Immediate Relief Is Urged.

1t was a desperate situation, Mr.. Slim
son urged. and he declared that imme-
date relief was required II the system
was to continue service. Under the
Quimby- Rochester decision of the Court
| of Appeals, fourteen of the ia transfer
points seemed to be without the jurisdic-
| ton Of Commissioner Nixon, although
| Mr.. Stimson was not sure that the law
might be construed to take those in as
well.
Corporation counsel Burr said that the
city was agreed that there would have
| to be q rockbottom basis for a readjust-
ment. but said this could not be arrived
| at until the city had had the opportunity
to look over the books and a new valua-
ton of the property had been made. 1t
had been two years since the first appli-
cation for the abolition OF transfers had
been made and some months since the
| receiver had taken charge of the lines.
Yet no new appraisal had been made. He
did not wish to charge a lack OF good
faith, but apparently there was lack
Of rood faith on the part Of some one.
! Commissioner Nixon ordered the testi-
mony to be taken. The auditor went
/ over the financial condition, which was
told when the receiver was appointed. In
| creases in salaries and wages in the last
two years had added about $1,000, 900
a year to the operating expenses, he de-
! clared.
| ]. Ubelacher OF Ford. Bacon Davis
railway experts. 115 Rector street. said
| he had made an appraisal prior to the
war. Based on the prices at that time
1t would cost $S7,o30,664 to reproduce
the property OF the system. On the ba sis
! Of 1917 prices he would have to raise
| this figure to s12s,60s,701. Up to that
| time prices had advanced about 60 per
cent. Now they were from rs to so per
cent. over the pre-war prices.
| Charles w. Keller Of Stone & Webster
100 Broadway, Fixed 'he increase in
prices to-day over pre-war prices at 70
| per cent. Their Arm, he said, had been
! asked to make an appraisal of the prop
! erty. II would take two or three months
An estimate, based on the tangible prop
erty he could see in the streets, had
| totalied $65, 900 900. This was nothing
more than a rough estimate. however
and In no circumstances could be relied
on as a complete valuation of the prop
critics.
d. n. T. Loan Hearing Goes On.
| Commissioner Nixon held hearing
Yesterday morning on the application
of Lindley NJ Garrison, receiver for
the subway and elevated lines of the
Brooklyn Rapid Transit Company. fol
permission TO issue $l5.O00,0O0 in re-
celyer's certificates. Assistant Corpo'
ration Counsel Kohler asked for an ad'
tournament until the matter could be
passed upon by the Board OF Estimate
On the objection OF Carl NJ. Owens
counsel for the receiver. Commissioner
Nixon ordered the hearing to proceed
Construction Commissioner Delaney
who has Jurisdiction over the dual sub
way contracts between the city and the
transit companies, sat In at the hearing
He said he wanted to know how tho
interests of the city were to be pro
tected "Our roads" he said, referring
to the elevated and subway lines in the
dual transit system, did not bring abou
the necessity for a receiver. The b. r
Il. brought about the condition because
Of its inability TO meet Its obligations.
w. S. Menden, assistant general man
aver under the r. II. T. receiver, sale
they wished to spend the money obtained
by the issuance OF the certificates al
follows:
!. For the cost OF equipment. includ
ing the cost OF 100 Of 500 cars now or
dered. 100000.
@ For the reconstruction OF existing
railroads. the Fulton street and othe
lines, Sl,600,0o0.
g. For plant and structure and thirt
tracking certain lines. sl,70a,0 900.
l. For the actual extension of certain
elevated lines, 100000.
5. For additional cars exclusive o
those provided for in the initial equip
ment. s6.l50.000
6. To make up the possible defcienc,
caused by the sale OF the certificates a
not less than 81 per cent. $4,000.
The hearing was adjourned until mex
Tuesday at go p. NJ.