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Newspaper
New York Times
Location
New York, New York, United States of America
Date
Jun 10, 1908
Page
16
In a New York City Railway receivership fight over an $8 million balance and a $500,000 Crosstown construction fund, Attorney Cravath and Mr Choate exchange sharp words. Cravath accuses misusing funds. Choate defends actions and cites Interstate Commerce Commission records.
The article explains funds from bonds paid for the Ninety-sixth Street power plant and electrified Central Cross town lines. The remaining balance after the May 22 agreements was unknown until yesterday. It notes the Central Trust Company borrowed 903,538.53 from the Securities Company in the April 20, 1907 deal.
Controller Metz says the revised tax rate for the year will be about 1.60, up 12 points from last year, with a special meeting on July 1 to confirm. Real estate assessments drop from 472 million to 40 million due to protests, plus a new debt margin near 44 million becomes available July 1. Personal assessments fall by about 141 million, while the budget stands at 143 million and next year’s projected 160 million could push the rate higher. He cites mandatory raises for Police and Fire Department staff as a main driver and predicts 1909 rate about 15 points above current.
Fifteen year old John Stolle of 406 East 153d Street fell twenty feet onto the Lenox Avenue Subway track near 149th Street Bergen Avenue. David Curran of Altoona Pennsylvania spotted the danger, jumped into the hole with a lamp, halted the approaching train, and rescued the boy before taking him to Lebanon Hospital.
The Russian girl Miss Koten, after shooting Dr. Martin W. Auspitz on Friday evening, is under constant watch at the Tombs as District Attorney considers private hospital investigations. Dr. McGuire ordered the surveillance after an examination showed she had broken down. Her lawyer may seek an expedited inquest with Coroner Harburger.
The 11,108 ton French liner Chicago arrives at West Forty-fourth Street pier after resting on North River mud. On maiden Havre trip the two funnel ship measures 524 feet long, 47 feet beam, 43 feet hold. With 314 second cabin and 1,140 steerage, Captain Perdrigeon will command sailing Saturday with full passenger list.
A school teacher recounts quitting coffee after nerve and health deterioration and adopting Postum with two years of health improvement. She notes the family also drinks Postum and thrives, deeming it a delicious, harmfree hot beverage. The ad from Postum Co. of Battle Creek Michigan promotes The Road to Wellville booklet.
The Public Service Commission demands increased surface car service across Manhattan risking mass abandonment of unprofitable lines including Twenty eighth and Twenty ninth Streets and the North River belt line. Receivers Adrian H. Joline and Douglas Robinson contest costs and system disruption, proposing distribution of 1,475 cars to maintain service while warning of dire financial constraints and lease terminations.
Walter Luttgen of August Belmont & Co and Adrian H. Joline, a receiver appointee, testified before Justice William H. Young in the Fourth District Municipal Court regarding the Metropolitan Street Railway stock losses claimed by Emanuel Weil and Minnie Weiler. Luttgen said he had no info on the merged surface lines’ finances. the defense plans its case Friday with Stanchfield predicting one day suffices.
Daily log records multiple fire and street cleaning incidents around the city. Notable entries include Patrick P Wall at 122 West 58th Street and M Blumenfeld at 328 East Lost Street, with fines or payments ranging from trifling to 25 dollars. Additional items cite the Oak Realty Company at 104-112 West 72nd Street and Degraw & Neste at Front of 35 South Street in a broad roundup.
After a week long grand jury probe in Richmond nine counts allege that the Chesapeake and Ohio Railroad Company, Assistant General Freight Agent Alexander P. Gilbert, and local grain dealer W. R. Johnson conspired to give and receive rebates in violation of the Interstate Commerce Act following an February ICC investigation led by Commissioner Lane.
The Times reported a letter by Lover of Justice claiming Mount Morris Park in Harlem was unsafe at night. Captain Walsh from East 126th Street Station deployed eight plainclothes officers and 21 arrests followed. Officers found 16 to 22 year olds harassing couples, frightening children, and overturning benches during the inquiry.
The Service Commission reports Engineer George Rice granted a permit to the Rapid Transit Construction Company to open Broadway from 96th to 101st Street. Work on track rearrangements near Lenox Avenue trains will start within a month. Under the commission company agreement only one Broadway side opens at a time.
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