The New York herald., 1921-10-09

terborough. one from the q. r. t.. one
from the surface llnes three to be ap-
pointed by a Mayor hereafter to be
elected. and the seventh to be acceptable
TO the traction Representatives or ap-
pointed by the Transit Commission. This
Is a body packed from the start with
traction men.
"s. The deathknen OF municipal oper-
'ition Tor at least two generations to
come.
"9. Pho buses so persistently refused
to the city by the Miller Legislature are
10 be given to the street railway inter-
ests.
TO- The lines that nave failed In pri-
vate operation are to be unloaded on the
city at valuation acceptable to their
security holders. and bonds guaranteed
~ the city's investment In its subways
to earn per cent. and which may run
az high as s1a per cent. are to be de-
nvered In exchange for securities now
outstanding. many OF which are unsal-
aoie ana some OF which are quoted at
less than five cents ON the dollar.
IL. Speculation In bonds instead of
stocks. with an insiders device for mar
ket manipulation unsurpassed by any
ever used for piundering coafiding
public.
'Public BE Damned servfce.v
~. The brutality and public be
dawned service that has characterized
Inc private operations CT privately owned
traction lines in New York city during
sixty years and jobbery and exploitation
oy crooked financiers is to be relicensed
and confirmed in the possession and op-
Grafton or the city's own lines for two
generations to come.
"13. Upon the release of the Inter
borough and the 3. r. T. from their
present contracts for five cent fare and
the purchase by the city Of New York
of all of the elevated and surface lines
now privately owned and operated. all
OF such lines and the citys subways are
to be turned over to the Interborough,
the b. r. T. and the surface lines (under
new names) for private operation. guar
anteed against loss. for two generations
TO come. In other words, all OF the vices.
scandals. dcgradations and expressions
from which the people OF Now York city
have. suffered for sixty years at the
hands OF unscrupulous railway operators
count for nothing In experience. and the
properties owned and acquired by the
city with the publics money are to be
left to the exploitation OF those whose
sole interest is the toll which they can
exact from helpless and betrayed
populace-
ia. The Interborouxh under a new
name gets back for operation at an in
creased fare and no taxes the very same
lines It now operates at five cent fare.
''15. The =. r. II. under new. name
gets back for operation. at an Increased
fare and no taxes. the lines heretofore In
the B. r. T. system and operated at
five cent fare.
"16. The surface lines OF the New
York Railways and others now operated
under franchise obligations for a five
cent fare are to be operated by COM
pary with new name at an increased
fare
"Purchasc Money Sfortsage."
"I7. When The Transit Commission
says that the Manhattan Elevated and
the New York Railways and other lines
low privately owned are to be acquired
ttithout cost to the city by mortising out
of earnings the valuations fixed by the
Transit Commission Il means that fares
are to bo increased and out OF the In
crease the present security holders are
tr fx-no vavta tah hia 10 nj