The daily worker. [volume] (Chicago, Ill.) 1924-1958, 1927-07-19
.HYL DENOUNCES
.SMITH-UNTERMYER
ARE BOOST DEAL
Wall ST. to Back Smith
If He Comes Across

IL LIE AOIIlSS ACI OSO
while it is a possibility that the
Morgan interests will let go of Cap
Smith in 1928, in favor of the Re-
publican nominee in the meantime
they are using Smith all they can
to get fare boost through his Tran
sit Commission" So spoke former
Mayor John F. Hylan in an exclusive
interview given yesterday to a Daily
Worker reporter.
eff Smith wants the democratic
nomination in 1928 he will have to
satisfy Morgan and Company who
represent the majority bondholders Of
the I. r. T."
"Untermyer is in sympathy with
the traction bondholders, and in par
ticular with the majority bondhold-
ers of the Interboro. In that respect
he is lined up with the mith-Morgan
crowd" said Hylan in reply to a ques-
ton.
"Then you think that Untermyer is
a Smith man." he was asked.
"No-Unternyer is an Untermyer
man"
What is your opinion of the So
called unification plan which is be-
ing so ardently advocated by Inter
myer?" he was asked.
"This unification fallacy," he re-
Piled" is only smoke screen to take
the place of additional service. 1t is
part of scheme to hoodwink the
New York straphangers so that they
will not see the major move, which is
to fix an exorbitant value for the
worn out old junk which the traction
interests call rolling stock. When the
traction attorneys have fixed what
they call a fair valuation the stage
will all be set for an increased fare"
Smith Used Lindbergh.
AT this point the former mayor
pointed out that it is part of the
Smith policy thru his so-called public
service commission to boost fares
whenever possible. He pointed out
that during the Lindbergh reception
the Smith traction crowd upstate
took advantage of the public hysteria
to put over ten-cent fare in AL
bany, Troy, Watervliet, Schenectady,
Cohoes and Buffalo. This possibly
explains Governor Smiths warm re-
'ception to Lindbergh. Smith awarded
the transatlantic flyer the medal of
honor-a cheap price at that.
$4,000 Fee"
When asked about the $25, 900 fee
which Untermyer received from the
l. r. T., Hylan said, "The firm of
Guggenheimer, Untermyer and Mar
shall was attorney for a stool-pigeon
to prohibit the city from appropriat-
ing the necessary money to put buses
en- the streets of New York to re-
lieve the congested condition in the
subways. This firm got the injunc-
ton but did not dare to enforce it.
The firm of Hays, Hershfeld and
Wolf afterwards sent in a bill to
the city for $63, 1852 which included
$4,000, which was the Untermyer
share in the deal. Now the Hayes
firm was an antagonistic litigant but
Marshall and Untermyer took the
money and under the dual contracts
the city footed the bill. AS those con-
tracts run for forty-nine years, at the
expiration of that time the taxpayers
will have paid in interest and COM
pound interest over 100000"
When asked what the solution was
for the overcrowded subway condi-
tons, Hylan replied, "The only rem
edy for the transit condition is to put
on more trains and more cars. Let
the workers demand a municipal bus
system in every borough of the city.
Let the city continue to build more
subways."
"These bunk Investigations are
merely smokescreens to cover up
Untermyer's personal and business
ambitions and to foist fare boost
on the people of New York"