New-York tribune., 1922-06-06

pany was TO get an allowance Of 6
per cent on the value OF tangible
property.
Sharp debate followed between eoun-
sci when Judge Shearn cited the item
Of easements as appraised by Mr..
Burpee at 5000 900. while the Transit
Commissions engineers fixed their
value at sl2,0oo,000.
"The Manhattan" said Mr.. Murray
grimly, "is not obliged 10 sell at aIi.
and certainly is not Obliged to sell
what the commission would pick out
and leave US stranded with derelict
property"
Judge Shearn referred 10 report
made By the State Railroad Commits
sioners in 1888. as a result Of which a
construction cost, which had been given
at some S30,000.000. had had 20 be re-
duced on the records TO 500 500 900, a
disallowance due 20 an issuance Of
stocks and bonds on basis Of 1914
cents on the dollar to contractors in
lieu Of services. The company's books.
he contended, did not wholly elucidate
this matter. Despite objections by Mr..
Murray, he read these figures into the
record, remarking: TThe auditors Of
the company purported TO show actual
costs according to the books. We want
it clear that the actual costs as shown
by the books required some adjust
ment."
Judge Shearn evinced astonishment
and curiosity that Mr.. Burpee in his
appraisal, after including interest in
carrying charges, during construction,
should have added another interest
20 rOrcfofip~ of frN 60 nm
900 Of interest. Mr.. Burpee said that
it was customary and proper.
The commission received bids yes
terday for the construction of sec
end addition TO Interborough shops al
the Lenox Avenue yard and barns at
147th and l4Sth Streets. A contract
of Estimate by Commissioner Delaney
more than a year ago. The board re-
fused then to appropriate funds and
again refused last month. when the
bidder. Matthew F. Kelly, Inc. ap-
pealed from the prior decision OF the
board.
The prices on the bids yesterday
show reduction in the unit price OF
most of the items, with the exception
OF brick work-under the figures OF
the Kelly contract Of last year. The
lowest bidder yesterday was Jacob
Schlesinger, whose offer was s3l3.-
154.5O. as against Kelly's bid OF 1916
422.T0. made in February, 1921. At
Yesterdays tender Kelly submitted a
bid Of s335,634.12.
The difference between the Kelly bid
of last year and the Sehlesingef bid OF
Yesterday. s63,26s.20. will not, on ac-
count Of the delay OF the Board Of
Estimate in blocking the work last
year, represent any material saving to
the city. The Transit Commission last
week found il necessary TO receive BIDS
for temporary shops made necessary
by the lack OF permanent shops pro,
iected last year, which bids totaled
more than $4,000. This temporary
work eventually will be serapped. IL
ir urgently needed as soon as con,
strueted, however, for the work OF
equipping the $50 new cars which the
marlborough is 70 purchase unoer
order Of the commission.
General Lincoln c. Andrews, chief e1-
ecutive officer Of the Transit Commits
sion, after a hearing yesterday on the
service Of the Long Island Traction
Company, at which IL was shown that
the company was devoid both OF funds
and credit. conceded that, although the
service was unsatisfactory, II would be
manifest injustice 20 issue any order
putting a heavier expenditure upon the
line.
William o. Wood, president Of the
company. said that some relief could
be expected by an arrangement reached
between his company and the Bridge
Operating Company. whereby the latter
was TO furnish ten good cars for re-
placements.
General Andrews said that ultimate
relief could lie only in acceptance OF
the commissions one big city-owned
unified plan for all the transit lines,
under which the weaker lines could be
aided by the stronger ones. The com
any has fourteen miles in the boroughs
of Kings and Queens.