Transit hearing debates length of rapid transit franchises
Citizens Union and city officials debated how rapid transit franchises should be granted and how subways should be built, operated, and financed. Arguments centered on extending franchise terms, debt limits, and whether private capital or municipal control offers the best route, with emphasis on Elsberg bill changes and commission discretion.
MENTIONED IN THIS ARTICLE
Public Service Commission
Metz
Julius
Henry Cohen
Citizens Union
Elsberg
Willcox
Coler
Brooklyn
New York
Shorts
Interborough
John B. McDonald
Belmont
Controlleer Metz
Borough
Celler
Celer
Jisberg
Earward Swanstrom
Presi
Attee
Ise
Cohen-Metz
Coenen
U of Municipal Research
Tomkins
Municipal Art Society
City Transit
Henry C. Wright
City Club
J. Aspinall Hodge
Ctizens
R. Fulton Cutting
Frederick Hinrichs
Old
Rapid Transit Commission
Fourth Avenue
Public Service Appeal Over Trolley Route Granted
Rochester Jan 17 the first appeal from a decision by the upstate Public Service Commission granting a certificate to a trolley road was argued before the Appellate Division of the department with the New York Central Railroad involved awaiting ruling on the appeal and related actions by the commission and railroad officials.
MENTIONED IN THIS ARTICLE
Rochester
Upstate Public Service Commission
New York Central Railroad
Appellete
Petition seeks writ to overturn railway certificate
A company asks for a writ of certiorari to force the commission to certify all proceedings for court review and to reverse the commission order denying the Buffalo Genesee and Rochester Railway Company a certificate. The company filed its petition in May and, after a long hearing on June 30, the certificate was granted.
MENTIONED IN THIS ARTICLE
Buffalo, Genesee & Rochester Railway Company
Buffalo, Genesee & Rochester Company
Electric Light Inquiry Moves To Probe City Sidelines
The Public Service Commission adopted a resolution to investigate electric light companies in New York City focusing on franchises, methods of charging breakdown service and discrimination. It will not probe company organization or capitalization. time for the probe is undecided. Companies named include New York Edison, Empire City Subway, and others. a reduced rate for breakdown current was announced by New York Edison amid prior complaints by the Merchants' Association.
MENTIONED IN THIS ARTICLE
Public Service Commission
Abel E. Blackmar
Empire City Subway Company
New York Telephone Company
New York Edison Company
Brush Electric Iluminating Company
Fleischauer Electric Light and Power Company
United Electric Light and Power Company
West Side Electric Company
Long Acre Electric Light and Power Company
The
Edison Electric Iluminating Company
Kings County Electric Light and Power Company
Amsterdam Light, Heat and Power Company
Flatbush Gas Company
Westchester Lighting Company
Metropolitan interests out as bondholders install new boards
The Third Avenue Railroad bondholders eliminate Metropolitan control at annual meetings. New boards are elected for Union Railway of New York City, Dry Dock East Broadway Battery, and Manhattanville St Nicholas Ave lines. J N Wallace chairs the bondholders committee. plans foreclose on mortgage after default. Minority stockholders to appoint most directors. only Burghard and Remsen to stay.
MENTIONED IN THIS ARTICLE
Third Avenue Railroad Company
Union Railway Company of
New York City
Harry Bronner
Adrian Iselin
Renne Martin
Edward A. Maher
O. P. Northrup
Dudley Olcott
F. Stahknecht
Troop Geer
J. N. Wallace
East Broadway & Battery Railroad Company
John Beaver
M.S. Borland
Arthur Coll
George Davison
Henry Graff
E. Francis Hyde
R. Britton Irwin
George W. Linch
Forty-second Street
Manhattanville & St. Nicholas Avenue
M. S._ Borland
T. Stailknecht
Adrian Tselin, Jr
F. W. Livermore
F. L. Babcock
F. W. Smith
M. Ferguson
W. H. Dudlum
O. E. Coles
J. XN. Wallace
Third Avenue Bondholders’ Protective Committee
Central Trust Company
Westchester
the Tribune
Metropolitan
E. M. Burghard
Charles Remsen
Merchants Association Joins National Council of Commerce
The Merchants Association directors voted to join the National Council of Commerce with Gustav M. Schwab named as delegate and advisory committee member. They backed Governor Hughes on banning racetrack gambling and urged forest preserves in the White and Appalachian ranges. They endorsed water board support for the Ashokan Dam contract and reaffirmed plans for a permanent nonpartisan tariff commission.
MENTIONED IN THIS ARTICLE
Merchants’ Association
National Council of Commerce
Straus
Department of Commerce and Labor
Gustav M. Schwab
National Council
Hughes
White
Appalachian
McClean
Association
Committee On Water Supply
Board of Water Supply
Ashokan
Big Drop in Resources by State Trust Companies
Albany January 17 a drop of 362 113 191 in resources of the state trust companies between August 22 and December 19 1977 is shown in the superintendent of banks report based on 85 companies with 88 reporting on August 2 total resources fell from 1 362 900 000 to 1 001 800 000 a shrinkage of 262 100 000 largely due to the elimination of three firms and unusual conditions. Loans secured by collateral decreased about 219 998 757 and other loans fell 35 770 476. Deposits subject to check declined 267 000 000 plus and specie holdings dropped 11 733 469.
MENTIONED IN THIS ARTICLE
Albany
Clark Williams
State Department of Banks
Williams
Department
Wabash Bonds Drop Amid Reorganization Rumors
Weakness in Wabash Pittsburg Terminal bonds sparks talk of a possible reorganization. First mortgage bonds fell from 50 to 45 1/2, closing at 46, with second mortgage income also down. A director said no specific cause, noting earnings declines were similar to peers. The firm’s 20 year Carnegie Steel guaranteed tonnage and a traffic pact with Wheeling & Lake Erie and Wabash Railroad support bonds, but deficits remain.
MENTIONED IN THIS ARTICLE
Wabash-Pittsburg Terminal Railway Company
Wabash-Pittsburg Terminal Company
Carnegie Steel Company
Steel Company
Pittsburg
Wabash-Pittsburg Terminal
Wheeling & Lake Erie
Wabash Railroad Company
Wabash-Pittsburg Company
Chicago
St. Louis
Wabash
Erie May Have Sold Lehigh Stock
Report from Philadelphia says the Erie Railroad Company disposed of its Lehigh Valley Railroad stock. The sale proceeds would be used to meet short term notes due in spring, amid ongoing financial strain. Erie's 19% purchase into Lehigh Valley in 19% placed it with Lackawanna Central of New Jersey Reading and Vanderbilt interests.
MENTIONED IN THIS ARTICLE
Philadelphia Report
Philadelphia
Erie Railroad Company
Lehigh Valley Railroad
Wall Street
Erie
Lehigh Valley
Lackawanna
Central of New Jersey
Reading
Vanderbilt
Smelters Syndicate Dissolution Shakes Market
A Kuhn, Loeb & Co led syndicate dissolves after underwriting 25 million in American Smelters Securities 5 percent series B preferred stock with about half the issue unsold. The Securities Co controls Guggenheim Exploration and other firms. heavy selling rumored to raise funds. An allied syndicate underwriting Western Union Telegraph 4 percent bonds also dissolves after placing little.
MENTIONED IN THIS ARTICLE
Kuhn, Loeb & Co
American Smeliters Securities
American Smelters Securities Company
American Smelting and Refining Company
Securities Company
Guggenheim Exploration Company
Selby Smelting and Lead Company
Tacoma Smelting Company
Puget Sound Reduction Company
Wall Street
Western Union Telegraph Company
Receivers Appointed for Westchester Roads in Supreme Court
Justice Mills in Whits Plains granted receivers for Yonkers Railroad and Westchester Electric Railroad after elections of new boards found both in bad condition. Bonds set at 10,000, and an order to show cause on Tarrytown White Plains and Mamaroneck Railway next Tuesday. Total debts exceed 4.9 million across the firms. George W. Alger named referee to assess dissolution. White Plains & Tarrytown in worse shape.
MENTIONED IN THIS ARTICLE
Justice Mills
Supreme Court
Whits Plains
Yonkers
Westchester Electric Company
Central Trust Company
New York City Railway Company
Union Railway Company
Yonkers Railroad
Westchester Company
George W. Alger
Nassau Street
White Plains
Tarrytown
New Home of Brunswick Billiard Company Opens
The Brunswick-Balke-Collender Company, burned out in the Parker Building fire a week ago, has opened new headquarters at Nos. 2 and 21 East 22d street. It will continue to sell billiard and pool tables office fixtures ice boxes and bowling balls.
MENTIONED IN THIS ARTICLE
Billiard Company
Brunswick-Balke-Collender Company
Whic
Parker
East 22d Street
Dressmaker Seeks Work as Cutter Fitter by Day
First class cutter and fitter offering quick work and high family references. Previously 4 dollars by day, now slack business offers 3 dollars. Available in city or country from East 1234 et.
MENTIONED IN THIS ARTICLE
East
Gueranger
Babies Long Coats and Misses Drawers Special January Values
January sale notes various children andMisses clothing items including babies long coats, ladies gowns and drawers with lace and tucks. Muslin drawers and skirts priced low with reg prices shown. Also mentions Weetphals Auxiliator Borodont Tooth Paste and Thendrocide Jewsbury and Browrs Tooth Paste.
MENTIONED IN THIS ARTICLE
Jewsbury and Browrs
Also Mentioned on This Page
Metz and
MR. Elsberg
Public Service
Electric Light Inquiry
P. S. Commission
Merchants
National Field
Council of Commerce
Lehigh
Smelters Syndicate Dissolved
American Securities
Westchester Roads
Ocean Steamers
North Cermam Lloyd
Plymouth
Cherbourg
Bremen
Cecilie
New
K.wm. U
Kronpr’z
K.wm.i
K.wm. I
Kaiser
Naples
Genoa
Gibraltar
Algiers
Friedrich
K. Albert
Neckar
P. Irene
Hoboken
North German Lloyd
Marseilles
Alex German
Mediterranean—Levant
Levant
Broadway
Louis H. Meyer
Walnut St
Phila
Europe
N. R American
Southampton St. Paul
Philadaipala
Tai Red Star Line
Pio Av
Antwerp
PAPY
Kroonland
Vaderland
Q’nistow
Celtic
Southampton
Majestic
Teutonic
Adriatic
Oceanic
Italy
Egypt
Boston
Azores
Madeira
Cedric
Republic
Whitehall
Battery Pt
Rotterdam
Boulogne
Ryndam
Noordam
Potsdam
Holland-America Line
Stollang
RED “D” Line
Pier 11
Wal Sr. Ferry
San Juan
Caracas
Boulton, Bliss & Dallett
General Managers
Wall St
RED
Guayra
Puerto Cabell
Curacao
Tioesacaie
P. R. S.S. Caracas
la Guayra
Maracaibo
S.S. Maracaibo
Zulia
Boulton, Bliss
Dallett, General Managers
Point Comfort
Norfolk
Portsmouth
Pinner's Point
Newport New Va
Petersburg
Richmond
Virginia Beach
Washington, D. C
Pier 26
N. R
Beach &T
Mans
Riviera
France
Nils
Palestine
Turkey
Greece
S. S
Pier 64
North River
Hartfield Tart & Co
Fall River
Newport
Leon
Pier 19
Foot W St
PROVI
Norwich
New London
St. Pier
North Aft
Clarkson St
Lstrse
Maine
Chester W. Chapin
New Haven
North
Lve
E. R
New Hampshire
Central Hudson Line
Newburg and
Poughkeepsie
Pier 24
Normal College
Carl F. Kayser
I. Bernstein
Madison St
Manhattan
Alfred Freeman
Sellew
Fulton ‘S
George B. Eddy
Hamauac
America
Xurious
Steadiest Leviathans
London
Paris
Hamburg
P.lincoln
Pennsylvania
Moltke
Batavia
Alexandria
Tours de Luxe
Nile Nile
Luxer
Assouan
Anglo-Am
Nile
Cunard Lines
Liverpool
Queenstown
Eaeeee
Campania
Lusitania
Lucania
Carmani Mauretania
Fiume
Trieste
Slavonia
Pannonia
Carpathia
Caronla
Vernon H. Brown
State St
Cook's
Timely Tours
Bermuda, Florida
Cuba
Mexico
Japan
Tyes
Wavana
Florida
China
Holy Land
South Europe
Cook & Son
Madison Ave
Fifth Ave
Windsor Arcade
Cook
Clark
Cadiz
Seville
Constantinople
Athens
Times
New Offe
York
Jersey Central
Ly. W
Liberty ST
Baltimore
Washington
Atlantic City
Lv. W
Lakewood
Lakehurst
Long Branch
Asbury Park
Ocean Grove
West 234
Tel
Chelsea
Astor House
Breadway
West
Columbus Av
Fulton St
Broadwilliamsburg
New York Transfer Co
W. G. Besler
W._C. HOPE
Pass
Baltimore & Ohio
R. R. Royal Llue Lind
Lib
Washington. S
Columbus
T. Louis
NEW _ UNION STATION
Washington, D
Greenwich St
Union Square W
Grand St
Bureau of Information
Lakeville & Norf
Barrington
Stockbridge
Lenox
Pittsfield
cGd
Union Sa
5Th Ave
Col- Ave
Mad
Bklyn
Cé Court
Nostrand Ave
125Th St
128Th St
Lerich Valley
W. Ba
N.Y
AILV
SSS Eee
Dres Sooo Mme. Durand
Lexington Ave
4Th St
Gorman
Nanscauet
Cortlande
HEARN
Fourteenth Streets
Fifth Avenue
DEY GooDs
Chambray and Gingham
Ainty—S
Len
Lorg
Thibet
Serge—Cassimere
eCheviet
Dorothy
Dresden
Wallace Ings
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