New-York tribune., 1922-06-27

-.-a. without 10. s..........ssio.Sss.io0
comparing the total outstanding
s-,Irities OF both companies with the
f.1of o. present value OF the Inter
l.-ouph's property, it will be found
n.e'cient 10 pay OF all the above secur-
lies. from one 10 five. inclusive. in
=. and leave approximately Ss6 per
i..re for the Intcroorough Consolicat-
O. common stock, says the brie:.
Statistics Literally Supplied
Tae brief. which makes a printed
1e-t Of III pages gives statistics Of
tae various costs, the conditions Of the
1tracis. quotes various opinions
i'lring On the matter, gives prices o.
t5or snd material now as compared
nth the time Of construction and con-
ades as follows:
Summarizing the evidence as a
r-ole, the conclusion is justified that
''e valuation IS not only conservative,
5l, is actually low. 10 is, therefore,
rsfec;igilv submitted, IN the light OF
'ae authorities holding that the prop
crty must be valued at prices prevail
iar a. the time Of the inquiry, and m
rcw o. the uncontradicted credible
t.locrce, that prices OF most labor and
-sterisl entering into reconstruction
c' 'he company's property are greatly
% excess o. those prevailing al the
me o. tho original expenditures, the
-nnission Is bound 20 render md
irg accordingly"
Manhattan Borough authorities re-
olcsted the Transit Commission yester-
e.y for an order doing away with the
elevated railway Stairways and kiosks
&c stands OF the Hudson tubes at
rty-fhird street and sixth avenue.
lae hearing had been requested ny 'he
Lctrc % EttimAte.
Joseph A. Devery, Assistant Corpora
ton Counsel. said 10 was the purpose
= the President Of the Borough Of
Manhattan 20 proceed with the WIDEN
~ q Thirty-thiId street as soon as
istse distractions we're cleared away
he said he had witnesses TO testliy
hat under present conditions II IS IN
possible FOR pedestrians 20 20 norm
q south on Thirty-third Street WIN
ee.verisnce ard safety, because OF
tr-Ac co1gestion.
Entrances 10 be Housed
Amos Schaefcr, consulting engineer
9. the Borough President, said MS
et.,f hopod 10 rid the corners Of Gle
t,ed s.airways and subway kosks.
latse would be housed thereafter IN
ne ;Vo Gimbcl buildings Of the sbutt-
"a corners on the west side OF sixth
Avenue lie said that Gimbel Brothers
seemed favor.bly disposed toward the
Project % house the stairways. al
Rough tne basis on which the expense
N.s 70 be adjusted was not known.
Tie present escalator. Mr. Schaefer
sad would be transferred diegonally
t'ioss nc street 70 Greeley Square
,ns would be placed upon the triangle
sso-sced By Broadway, Thirty-seeonc
stree, ard Sixth Avenre. II would
sve access % the a. station from the
o-th instead 81 from the north, as az
Nesent he said.
A. a resul, of hearing yesterday BY
.s Transit Commission with reference
ne service given by the Brooklyn
Wy Railroad. II is likely that the
Unpany's open cars. which now in
s.Ve stepping about twenty inches for
]e Passengers 20 get in and out, Will
= equipped with an extra step. redue-
'g the step 20 half what IL is now:
sob 2 Hedges, according 20 facts
,-eitsd yesterday at the service hear
.lZ Of the New York Railways Com
laay is making a much more favorable
.nsheial showing as receiver for the
'rpsny than was thought possible
yssf sTo. The figure submitted yes.
,Tiaty showed that the road has
s.-ih.d profit Of more than S5oo.oOo
''hhg tie ten months ending ApEil 80