New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1922-06-15
Citizens Offer
PlantoOperate
18th St. Line
Proposal 70 Open Subway
~ Ncserolc Street Is
Greeted Favorably BY
City and Transit Board
Civic League Gives Idea
McAncny Mocks Mayor on
|. z. T. Service Demand:
Won't Deliver Ultimatum

Fcnrv wackcrman and J. A. Voice
q. the Eastern District Civic League, Of
Hroc slyn. s,em 20 have worked out an
agreement between the Transit Com
mission and The Board Of Estimate
through which the nearly completed
Fourteenth Stdcet Eastern subway can
be nut 20 work without waiting for the
construction Of hc elevated section be
tween Mescrole Street and East New
York. which is opposed By the Board q
Estimate and a Few property owners
II. answer 70 O letter from Mt "ack-
.rnan. Chairman McAneny says that
everything bat the Josiin contract
calling for the building Of the Gle
waited section between MeseToie street
and East New York is 80 far advanced
that the subway 20 Meserole street
could be In operation by September l.
1923
Board Ready to Cooperate
Augustine Kelly, executive secretary
OF the Mayor, in answer to !eter
from Jacob A. Voice, Of the Give
League. says that the Board Of Esti-
mate il ready 20 cooperate. His letter
in part follows:
az the Transit Commission wishes
"a make available the existing com
pleted construction it may tender
contract which will provide means for
placing the cars into the subway and
hermit az access 20 them from the sur
face AZ Meserole Street without tying
un the subject matter Of such con-
tract 70 construction involving an APP
proach 20 an elevated structure, as IS
done In the Joslin contract. lhis would
hermit OF the putting into immediate
or early use the existing subway WIN
out REGARD 10 whether the construction
from 1cserolc Street on is subway or
elevated" ..
Chairman McAncny Of the Transit
Commission, in letter sent last hIgnl'
sharply scored Mayor Hylan ana ms
Board Of Estimate associates Tor their
resolutions Of May 4 urging the iran
sit Commission 10 serve notice on the
marlborough directing II % cure al
legged defaults within ninety days unoer
pain Of being forced 10 surrender us
lines 20 the city.
Chairman McAneny charaeterizes the
Board Of Estimates proposed remedy
as "senseiess proceeding ana says
that the commission will take no &C
ton nlong the lines suggested by
Mayor Hylan and Corporation Counsel
O'BTien.
Service Greatly Improved
'Tnasmuch 90 the defaults in service
have, upon tA4 order Of the transit
Commission SAAn remedied By the
rapid transi. company he wrote, ~
ieems 70 the commission that II would
be a futile and senseless proceeding to
serve notice on the company directing
The lessee to cure the defaults within
ninety days Not only has "sry SUD
rtantial increase already been secured
An the amount OF service given oy the
. lnterbor0ugA Rapid Transit company
but further radical increases Of service
have been provided for, TO be furnished
us rapidly as physical means placed at
the hands Of the company Will permit,
the company having also accepted the
commissions order requiring the pur-
.hase Of $50 additional cars"
A VI. Williams, representing the
p .tockholders and bondholdcrs Of the H.
4 Al the valuation hearing before
ne Transit Commission yesterday, said
aat his company was ready 70 CO.
-oerate with the Transit Commission
:, reaching q true appraisal Of the
.ssets OF the b. r. r., In order that
- commission might not be hampeTed
n -orklrg out rs unihcation plan Tor
- ownership Of all the transporta-
ion lines.
Mr.. Williams said that the Valuation
bureau OF the Transit Commission had
appraised the =. r. 7. lines az $5s ,49l,
il2. with an original cost estimated at
l24.76l .eg2. The valuation bureau
bccrued depreciation OF this sum, he
raid. brought down the estimated value
~ the system ns a. 1921. 90 about
10000 600, while the company esti-
mated that cost Of reproduction less
depreciation would be S29,OOO,OOO IN
round numbers.
Mr.. Williams called attention 10 the
basis % yalsation o. the original prop
critics in contract 70. A, the one IN
which the city is the partner Of the
TonsOl. dated Railway Company Mr.
Williams said that the contract pro
tides that the owner IS 20 receive
1880 900 annually as representing the
average annual earnings Of the prop.
trty. lie said the actual results show
that that squire is not excessive.
100000 at 81 Per Cent
sTo capitalize that figure 10 G per
rent" sad Mr.. Williams. would make
valuation q S7o,000000 At \ per
rent basis. which the Interstate Com.
herce Commission has recently said
was probably a fair return on steam
a.. Iaa.a fhaHr HaUn luQff0n
I'VE have q figure Of about $4,000 900
lake 10 az per cent and you have Q
figure o. approximately S5SQ00,OO0
which Is slightly IN excess OF the cap.
i.ahzation OF the company
The hearing will be resumed this
morning 40 1890.
William o. Smith. supervising tran
iii Inspector. reported yesterday 20 the
Transit Commission, at the hearing be.
fore General Lincoln C. Andrews or
Inc service Of the Manhattan Bridge
l-eent line. that there had been NJ
complaints about the service on the
Inc. and that the road was IN good con
ftion. He suggested some kind o. shell
~ az the Manhattan end Of the line q
krotect passengers during storms.
The Broadway Ass citation. at rs
Iusrtcrly meeting and luncheon IN IN,
hotel Astor vest riay renewed Us re
puest o. fhc Trims Commissi0' '.ok
Ing 20 o. eif.inr.il. m CIV
fellow Times Square 10 IN
lion o. husees
Daniei 2 T.rer chief consulting
~ girecr '.n tif
laid last .Ht s...u tae .rlcA.
kugh' 70 3 .r.4aH ...
hat the 'horol eh.-r. shou.. .- given
over % fstro NV If-