New-York tribune., 1922-06-20
Brooklyn City
Go. Shows Gain
OF S2,lO5,O36
Net Income of System for 10.
Months Up 10 April Is
SI.378.06l, Against Loss
of S726.97f Last Year
Fare Revenue Increases
Cost of 1920 Strike Figured
ai 50, ,i83, ,183; VI. X. Go.
Plant Valuation Assailcd

A. hearing yesterday before tho
Transit Commission tho financial pros
rority of tho Brooklyn City Railroad.
which was the major portion of the
B.R. T. system before tho rcceivership.
was indicated when Harry 8. Fischer. q
staiistician of the comm ission. sub
mitied figures covering ten months Of
operation ended April, 1922. Tho wit
ness said the net corporate income hnd
increased over tho corresponding period
Of year ago s2.l05.O3653 Tho ten
months showed an income Of Si.37S.-
OG15s. a year ago during this period
the company suffered n dohci, Of s126,
a7ieJ.
Similar gains were noted in passen-
ger revenues 10 tho extent of Sl.l3I..
1910. tho 1922 period showing So
bs3.es73s. and tho 1921 period Ss.-
llG.s520G. Operating expenses de-
creased during tho 1922 period By Sl,-
27o,03e9a.
lt-U NAIlIf ANNA it'ffhifh
The commission yesterday sent to
Corporation Counsel O'Bricn the re-
port of an audit. made by the chief ac-
countant Of the commission at the re-
quest Of Mr. O'Bricn. OF the expenses
OF tho Brooklyn Rapid Transit system
incidental 70 the strike ~ 1920. Tho
report showed that the strike began
August 20. 1890. and was considered
as having ended September -, 1920.
although many of the strike breakers
were employed for some slime after that
date until operation again became nor
NAL The audit covered the period
/ from August %. 1920. 10 March 81, 1922.
The total expenditures OF The entire
system 90 account ~ tfc strike
amounted 20 Sass. .3s3.4S. Employee
/ for strike service were obtained from
eleven different agencies and included
/ gatomen. guards. m0tormcn. conductors,
/ operatives, inspectors, detectives, spe-
/ cial guards. commissary help. COM
missary supplies, tents and automobile
/ service. The total payments 20 those
/ eleven agencies amounted 20 Sl5lI-
/ 1912. or 63.5 per cent of the total
strike expenses.
Sigfricd Ccders'rom, real estate
valuation expert. formerly connected
F with the Transit Commission. appeared
/ yesterday az the valuation hearing be-
I fore the commission for Coverdalo and
f Colpitts. engineers specially retained
By the Manhattan Railway Company.
Adds 20 Per Cent TO Plant Value
Mr. Ccdcrstrom used two factors IN
| estimati Il the value OF the plant OF
/ the Manhattan Company which chal-
/ lenged the attention Of the commission.
/ Re added 20 per cent as additional
/ cost" 10 the fair value OF the properly.
/ This 90 per cent he divided, allocatine
I II per cent as a sum 90 bo paid Tor n
property such as the Manhattan %
+ avoid litigation. while the other b per
I cent was 20 cover condemnation and
similar items. In answer % questions
by Clarence J. Shcarn, counsel of tho
/ commission. Mr.. CcderstrOm said his
appraisal was In substantial agreement
/ with tho valuation reached by the c0m-
missions engineers, except for the 20
/ per cent.
5ir. Shcarn, after analyzing Mr..
/ Cederstrom's division Of the 20 per
/ cent charge, said:
Five per cent then represents an
additional cost. and IS per cent repre-
sents the ability OF the owner really %
/ hold you up?'
Correct. practically So Mr. Oeder-
strom replied.
The claim OF the Manhattan Rail-
. way Company Tor valuation OF about
500 600 900. as against the valuation OF
approximately s55.000,0oO tentatively
proposed by the commissions cngi-
ncers, contains a S20,000,o0O item ask
/ ing reimbursement for non-operative
properly. such as abandoned property
and easements. The commissions ter
tatiye valuation does not include these
items, so that tho real amount OF VAR
ance is about S25.000,000. The Man
haitian valuation hearing closed yester-
day.
or l57 cars owned by the Richmond
Light and Railroad Company, eighty
two were found in service. according 90
William III. Freeman, engineer, when
the hearing into the service and equip
mcnt of the company was opened by
the Transit Commission. The cars
were described as being in good con-
dition, and the track was listed as
fair, save for stretches which revealed
low joints. Conditions as a whole were
said % be favorable, with little over
orowding during rush hours, except n
the case OF the Castleton Avenue line.
where IL was mutually agreed relief Is
warranted. Receiver John X. Kuhn
promised the commission every CO.
/ operation.
The Broadway Association .ent o
communication TO the Transit Commis-
sion asking FOR improved conditions IN
/ tho station facilities OF the INTERIOR
cugh company az Fifty-ninth Street.
/ The association desires an extension
of the platform. so as 20 give nm en-