New-York tribune., 1922-03-25
O'Bricn Is Obliged to WHIT

lnterboroueh could not give service
ApproXimatinC that OF 1916 without the
yards under discussion.
OBricn Is Obliged to Wait
The Corporation Counsel, at this
point, wanted to iuterrogete Mr.. He'd
ley, but Chairman McAneny told him to
wait a while.
Judge Shearn read a letter sent by
Chairman McAneny to the Board OF
Estimate on July % of last year, in
which he called attention to thirty
one acquisitions pending before the
Board of Estimate aGgregatinR $l,171,-
Ala. The appropriations, Mr.. McAneny
said, called for various phases Of con
struction work, virtually all Of which
is under contract, including the com
pleNon Of stations. changes in station
structures, additions to yards and
shops, building Of inspection sheds,
etc. In almost every case the board
either disapproved of the requisitiou
or the requisition failed of passage be
cause there were not sufficient votes.
Judge Shcarn took up the record in
the rcceivcrship action brought by the
Continental Securities Company, in
which there is a record Of a Court of
Appeals award to the Interborough
I.
bush said the company actually was
receiving only 81 ,756 900 Of the award
In reply to Judge Shearn's repeated
questions Mr. Hedley said that the
company could not use any Of this
money for new cars, because it had
been borrowed from operating cash
account, and would have to be returned
to it,
"Considering the emergency that ex-
lists" said Judge Shearn, land the ne
cessity for increasing the number of
your cars, why aren't you able, and
why are you not willing to use this
1850 900 for the purchase Of cars, and
recoup yourself for it later on?'
You cannot use that cash for the
purpose of buying cars said Mr.. He'd
ley. "If it was so used, there would
not be enough money to pay our cur
rent bills and avoid a receiyerShip,'
"If receivership is avoided as e
result Of the modification of the Man
haitian lease, you promise nothing eX
cept the addition Of $50 cars for the
next four years? ?" asked Judge Shearn.
"Do not take anything | say as a
promise" said Mr.. Hedley. 81 say to
you that it is my best belief that those
things can be carried out"
The $50 cars, which included trail
ers, would cost, with power and full
equipment, $7,4G9 600, Mr. Hedley said,
which approXimates the accrued pref
erential, which Mr.. Hedley explained
would be used in purchasing equip
ment and also for capitalization.
Returning to needed early improve
ment in traffic conditions, Judge
Shearn asked how long it would take
to get the two big rairsad yards in
shape for new cars.
Sell Power to r. r. T.
Mr.. Hedley said the yards could be
gotten ready, if the city was ready to
go ahead with the work, by the time the
$50 new cars are built-a matter OF
about seven months-but he added that
more power units also would be neces-
sary, and that that kind of work was
slow Of accomplishment. He said the
| lnterborough was selling power to the
| B. r. T., and the only way it could
have power for $50 new cars ready by
the time the cars were ready was tc
stop furnishing power for the B. r. 7
In addition to the cars and power, il
would be necessary also to have addi-
tional shop room, but he thought that
this might be provided coincidently
with the building of the cars and the
yards.
Corporation Counsel O'Brien was
asked about the cooperation of the
Board of Estimate in the construction
of the yards and shops, and he sale
that the matter had been before the
board for q long time, but that the
board had postponed action on account
Of the high cost OF labor and materials
knowing that the more the delay the
| greater the saving would be.
Judge Shearn was so optimistic about
| getting the Board of Estimate to CO
operate with the Transit Commission
and the 1nterborough in the matter O.
getting the new equipment that he
| finally asked Mr.. O'Brien if he woulc
at once take up the matter with thu
board. The Corporation Counsel looked
surprised at the suggestion that he
| should be included in any such har
mony program, and said that he woule
present the views of the Transit Com
mission to the Board of Estimate.
| Mr.. Quackenbush asked for plenty o4