Transit ideas spark hearing on rapid transit act
Public Service Commission hearing draws many voices on how transit franchises should be granted and how subways should be built and run. Debates center on debt limits, franchise length, and whether private capital or municipal control best advances rapid transit.
MENTIONED IN THIS ARTICLE
Public Service Commission
Metz
Julius
Henry Cohen
Talen
Elsberg
Willcox
Boxy
Coler
Brooklyn
New York
Texpayers
Shorts
Interborough
Belmont
Subway
John B. McDonald
Colerae
J. Edward Swanstrom
Citizens’ Central Committee
Public Wine Commission
Public service decision appealed in trolley certificate case
Rochester January 17 The first appeal from a decision by the Upstate Public Service Commission granting a certificate to a trolley road was bound by the New York Central Railroad Division The Department
MENTIONED IN THIS ARTICLE
Rochester
Upstate Public Service Commison
New York Central Railroad
Buk de Appeliste Division
Petition for writs to review railroad certificate
The company petitions a writ of certiorari to compel certification of all proceedings for court review and to reverse the commission order denying the certificate already issued to the Buffalo Genesee and Rochester Railway Company. The petition was filed in May and a certificate was granted after a June 3 hearing.
MENTIONED IN THIS ARTICLE
Buffalo, Genesee & Rochester Railway Company
Buffalo, Genesee & Rochester Company
Electric light inquiry calls for city franchise probe
The Public Service Commission yesterday adopted a resolution to investigate electric lighting companies in New York City. The probe will review franchises and operation, breakdown charges, and discrimination, but not company organization or capitalization. Several firms named, including Empire City Subway and New York Edison, may be examined. A reduced breakdown current rate from New York Edison arrived as the unresolved matter with Merchants' Association complaints continues.
MENTIONED IN THIS ARTICLE
Public Service Commission
Abel E. Blackmar
Empire City Subway Company
New York Telephone Company
New York Edison Company
Brush Electric Illuminating 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 Luminating Company
Kings County Electric Light and Power Company
Amsterdam Light, Heat and Power Company
Flatbush Gas Company
Westchester Lighting Company
Bronx Gas and Electric Company
Metropolitan Interests Removed from Third Avenue Directors
Owners of the 4 percent first consolidated mortgage bonds replaced Metropolitan Interests at annual meetings. New boards include Union Railway Company of New York City, Dry Dock East Broadway & Battery, and Forty second Street Manhattanville & St Nicholas Avenue lines with directors such as J N Wallace, John Beaver, George Davison, and Edward A. Maher. Foreclosure action continues on bond mortgage as collateral comprises stock and Westchester lines. Two incumbents remain on the board. minority stockholders to appoint others in upcoming Third Avenue meeting.
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
Forty-second Street
Manhattanville & St. Nicholas Avenue
J. N. Wallace
John Beaver
George Davison
M. S. Borland
T. Stailknecht
Adrian Tselin, Jr
F. W. Livermore
Metropolitan
the Tribune
E. M. Burghard
Charles Remsen
Merchants Accept National Council of Commerce Role
The Merchants Association directors voted to join the National Council of Commerce and appointed Gustav M. Schwab as a delegate and advisory committee member. They supported Hughes on banning racetrack gambling, urged forest preserves in the White and Appalachian ranges, backed water supply committee on the Ashokan Dam contract, and unanimously upheld the nonpartisan tariff commission creation.
MENTIONED IN THIS ARTICLE
Merchants’ Association
National Council of Commerce
Straus
Department of Commerce and Labor
Gustav M. Schwab
National Council
Hughes
White
Appalachian
McClellan
Association
Committee On Water Supply
Board of Water Supply
Ashokan
Big Drop in Resources of Albany Trust Companies
Albany reports a $562,113,191 drop in resources of state trust companies between August 22 and December 19. Superintendent Clark Williams notes total resources fell from $1,382,900,000 to $1,001,800,000 after 85 companies reported, with 3 suspensions accounting for part of the decline. Deposits subject to check also declined by $267,000,000 amid broad reductions in lending and investments.
MENTIONED IN THIS ARTICLE
Albany
Clark Williams
State Department of Banks
Williams
Department
Epeche
Wabash Bonds Weaken as Reorganization Rumors Rise
Weakening in Wabash-Pittsburgh Terminal bonds sparked rumors of a possible reorganization. First mortgage bonds fell from 50 to 46 a second mortgage income also declined. A director cited no specific cause beyond lower earnings tied to weaker Carnegie Steel traffic and shared deficits made up by parent Wabash and Wheeling & Lake Erie.
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
Reports from Philadelphia say the Erie Railroad Company disposed of its Lehigh Valley Railroad stock with the proceeds to meet short term notes due in spring. Wall Street credence stems from Erie’s known financial difficulties. Erie entered Lehigh Valley in 19% with other lines and held substantial stock at that time.
MENTIONED IN THIS ARTICLE
Philadelphia
Erie Railroad Company
Lehigh Valley Railroad
Wall Street
Erie
Lehigh Valley
Lackawanna
Central of New Jersey
Reading
Vanderbilt
Smelters Syndicate Dissolved After Long Run
The Kuhn, Loeb & Co formed syndicate to underwrite about 25 million in American Smelters 5 percent Series B stock dissolved with about half unsold. Securities Company controls Guggenheim Exploration Selby Smelting Tacoma Smelting and Puget Sound Reduction. Wall Street expects former syndicate members used funds from dissolution to take their shares. A separate Western Union Telegraph Company bond underwriting syndicate dissolved with only a small portion of bonds placed.
MENTIONED IN THIS ARTICLE
Kuhn, Loeb & Co
American Smelters 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 Yonkers and Westchester Roads
Justice Mills in White Plains granted receivers for Yonkers Railroad and Westchester Electric Railroad after new boards found both in bad shape. Bond set at 10,000. Order to show cause why White Plains and Mamaroneck Railway should not go to a receiver. returnable next Tuesday. Total debts exceed 5 million across the three lines. assets limited to lines, car barns, and receipts. George W. Alger named referee to rule on dissolution.
MENTIONED IN THIS ARTICLE
Justice Mills
Supreme Court
White Plains
Yonkers
Westchester Electric Railroad Company
Tarrytown
Mamaroneck
Yonkers Company
Westchester Electric Company
Central Trust Company
New York City Railway Company
Union Railway Company
Yonkers Railroad Company
Westchester Company
George W. Alger
Nassau Street
White Plains & Tarrrtown
New Home of Brunswick Billiard Company Moves to 22d Street
The Brunswick Balke Coleder Company burned in the Parker Building fire a week ago opens new headquarters at 2 and 31 East 22d street. It will continue selling billiard and pool tables office fixtures ice boxes and bowling balls.
MENTIONED IN THIS ARTICLE
Brunswick-Balke-Collender Company
Whic
Parker
East 22d Street
Dressmaking and Millinery by Durand at Lexington Avenue
Durand, at 625 Lexington Ave near 4th Street, accepts orders for the South and remodels gowns and ball dresses at moderate prices. First class cutter and fitter with high family references, rates: day $4, now $3, city or country, East 1234 et al.
MENTIONED IN THIS ARTICLE
Durand
Lexington Ave
B4th St
South
East
Near seal coats and babies long coats sell midwinter styles
A dusty advertisement describes near seal coats fitted or semi fitted with back collars or revers of eels or French beaver fine satin finishing priced at 33 dollars. Babies long coats in Bedford cord and Henrietta capes trimmed with lace or silk medallions are offered at 5.99 down to 3.98, promoted as midwinter values rather than leftovers.
MENTIONED IN THIS ARTICLE
Bedford
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MR. Elsberg
Mit
Sud
Cohmexn-Metz
Cohen
Citizens Union
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Oheet
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Rapid Transit Commission
Fourth Avenue
Public Service
North German Lloyd
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Cecilie(new
Cecilie
K.wm. U
Kronpr’z
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HEARN
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Smelters Syndicate Dissolved
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Washington
Ly. W
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Onhiy
S.A
Lakewood
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Ms . Ly
LIBERTY _sT
St. Tel
Hope
Mar
Pass
Baltimore & Ohio
R. R. Royal Llue Lind
Pease's
St Ing N. Sl
Royal Ltd
Columbus
Clevel'd
Pittsburg Limited
St.louis
Louvisv
Des West
Sanaa
Eee
Chelsea
Sofa
Lakeville & Norf
Gt. Barrington
Stockbridge
Lenox
Pittsfield
Union Sq
5Th Ave
Col Ave
Mad
B’klyn
Cé Court St
Nostrand Ave
25Th St
Lerich Valley
Footot
I Cortlandt
Des
Roffsio F. Se
Dueranger
Tag Weert
Gorman
Nassau
Cortlande
Chambray and Gingham
Len
SSO
Ledice
Shane
Weetphal
Jewsbury and Browr
Dorothy Dainty
Dresden
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