The evening world. [volume] (New York, N.Y.) 1887-1931, 1921-02-15
Ccontlnued From FRS, rase)

naissiOn in addition to It's existing au-
thority over railroads. street rail-
roads. telephone and telegraph COM
panies and steam companies. This
commission will be composed OF five
members, with terms OF fifteen years.
This means that the street car
lines up State will be exactly in
che same position as 70 local con-
trol and contracts as those Of
Greater New York.
Il means also that the State
commission will have power over
che New York Central and all
lines inside the State
1t viii have the power 10 Fix the
rates steam and electric lines may
charge in the state, provided the con-
tention. Of the Interstate Commerce
Commission--tha u has the right 10
Fix New York. Central rites-is not
upheld by the United States Supreme
Court, before which tribunal tho
question Is now being fought by At
torney General Charles d. Newton
The franchise 70 the New York
Central allows only two cents mile
between Albany and Buffalo. but the
rate now charged Is 3.6 cents mile.
The Interstate Commerce Commits
zion has declared the latter rate must
stand.
Only in the cases noted above is
the consent OF the City of New York
necessary for action by the proposed
Rapid Transit Commission. In all
other instances the commission as
sumes the authority of the city in
transit matters Power Is given 20
st to unity the traction system. The
city may submit plan Of readjust-
ment, and II the commission does not
approve OF 1t It will be returned for
notifications. and then the commits
sion will adopt whatever plan It may
zee lit.
The commission may foist upon
Che city tho ownership Of any rail-
roads whose ownership may be
deemed by the commission desir-
able 20 the city.
The city has no power to pre-
vent the commission compelling Il
60 accept the railroads already in
che scrap heap. The power Of the
commission is absolute.
With the exceptions noted the COM
mission has the authority 70 make
contracts for the use OF the streets
for street surface railroads and for
stage and omnibus routes. Street
Is defined TO include streets, ave-
nues, waters, bridges, viaducts, park
ways and highways"
The commission shall prescribe the
manner in which the valuation OF the
railroads will be made, and this val
uation shall be the basis for all al
lowances TO the railroad companies
under the plan.
Just how the Morgans and Wander
bits and others are going 70 be IN
ouced to accept the Governors plans
Ia making over their railroad hold
4nEs to the city the bill does not
chow. 50 It must be taken for grant
ed that they will be well satisfied,
otherwise the plan could not be put
through. The Governors summary
says that the plan provides Tor the
accomplishment of The following main
three purposes;
/. The combination, rehabilitation,
improvement and extension OF exist
ing railroads 50 that service thereon
may be Increased and improved 20
the fullest extent possible.
2. The receipt by the city OF suili-
Client returns from the operation OF
the railroads 50 that the corporate
stock issued by the city for the con-
gtruetion OF rapid transit railroads
may be exempted in computing the
debt mourning power OF the city UNI
der the Constitution of the State.
3. The reimbursement of theSexisting
rights and allegations Of the4railroad
companies 40 that the real values In
the railroads may DO protected and
securities stabilized.
The New York City provisions OF
the bill will make up sections los %
III OF a new Article vi. of the Public
Service Commission act. Section 1O'
defines various words used in the act
Section 1O6 provides for valuation OF
the roads and planning "combina'
ton, rehabilitation, Improvement oil
extension of existing lines" as plar
OF readjustment. 1t reads, IN part:
CITY OWNERSHIP, BUT NOT oP'
GRAFTON, IN PLAN.
without limiting the authorit,
and discretion Of the commission {
shall consider the Incorporation II
the plan of provisions whereby tn
title 70 such railroads as are not al
ready owned by the city, and who's
ownership thereby is deemed by tn
commission TO be desirable, may b
vested in the city in return FOR
lease of such railroads by the city
and in the event OF the incorporation
OF such provision in the plan tn