UC-NRLF 
 
 ^B IDD 3SD 
 
 
Ik the Matter 
 
 OP THE 
 
 yu:>$l 
 
 Determination of the Chief Engineer 
 of the Public Service Commission for 
 the First District under the Certifi- 
 cate dated March 19, 1913, from the 
 Public Service Commission for the 
 First District to the New York Muni- 
 cipal Railway Corporation of the ac- 
 tual cost of Plant and Structure and 
 actual cost of Equipment of the 
 Broadway, Fulton Street and Myrtle 
 Avenue Additional Tracks, paid or 
 accrued prior to March 19, 1913. 
 
 Prior Determination 
 
 ^'Additional Tracks'' 
 
 October 14, 1913. 
 
 r^ 
 
 \ . 
 
 N. Y. M.E. D. Vrlor C 1,500-0. '13 (N) 
 
_ 
 
To the 
 
 Public Service Commission for the First District ajid 
 New. York Municipal Railway Corporation: 
 
 Pursuant to the provisions of Contract 4 and the 
 certificates related thereto, under this date I am ren- 
 dering in detail my determinations of the costs paid or 
 accrued prior to March 19, 1913, separately with 
 respect to Contract 4 and each certificate. 
 
 These determinations, summarized, are for 
 
 Contract 4 Railroad: 
 Cost of Construction ------ $34,185,324.24 
 
 Cost of Equipment ------- 784,488.82 
 
 Total Cost of the Railroad - - - - $34,969,813.06 
 
 Contract 4 Reconstruction of Existing Railroads: 
 Cost of Construction ------ $392,244.39 
 
 Cost of Equipment - ------ 130,748.13 
 
 Total Cost of Reconstruction of Exist- 
 ing Railroads - $522,992.52 
 
 Total Cost of Contract 4 $35492,805.58 
 
 Certificate for Additional Tracks: 
 Actual Cost of Plant and Structure - $261,676.11 
 Actual Cost of Equipment - - - - 
 
 Actual Cost of Plant and Property - $261,676.11' 
 
 Certificate for Elevated Extensions: 
 Actual Cost of Plant and Structure - $196,257.08 
 Actual Cost of Equipment - - - - 196,257.09 
 
 Actual Cost of Plant and Property - $392,514.17 
 Total for Municipal Railway Corpora- 
 tion, Contract 4 and Certificates - $36,146,995.86 
 
 ALFRED CRAFEN, 
 
 Chief Engineer 
 
 Public Service Commission for the First District, 
 
 ivi^59'7?6 
 
He Hi/ 
 
In the Matter 
 
 OP THE 
 
 Determination of the Chief Engineer 
 of the Public Service Commission for 
 the First District under the Certifi- 
 cate dated March 19, 1913, from the 
 Public Service Commission for the 
 First District to the New York Muni- 
 cipal Railway Corporation of the ac- 
 tual cost of Plant and Structure and 
 actual cost of Equipment of the 
 Broadway, Fulton Street and Myrtle 
 Avenue Additional Tracks, paid or 
 accrued prior to March 19, 1913. 
 
 Prior Determination 
 
 "Additional TrxVcks" 
 
 October 14, 1913. 
 
To the 
 
 Public Service Commission for the First District and 
 New York Municipal Railway Corporation: 
 
 Pursuant to the provisions of the 
 
 CERTIFICATE dated March 19, 1913, from the Public Ser- 
 vice Commission for the First District to the New York Munici- 
 pal Railway Corporation, authorizing it: 
 
 'To lay additional tracks on, above or contiguous to, portions 
 of the route or routes of its railroads within New York, ' ' etc. ; 
 
 And in accordance with the terms of Article IX thereof, I 
 hereby render my determination of the actual cost of the Plant 
 and Structure and of the actual cost of Equipment of the sev- 
 eral Railroads paid or accrued prior to March 19, 1913. 
 
 For the Broadway, Fulton Street and Myrtle Avenue Addi- 
 tional Tracks, 
 
 The actual cost of Plant and Structure (Article IX of the 
 above mentioned Certificate) is as follows: 
 
 (1) Labor and materials 
 
 (2) Real estate $179.85 
 
 (3) Debt discount and expense 3,138.01 
 
 (4) Taxes 100.00 
 
 (5) Superintendence, etc 18,428.42 . 
 
 (6) Interest 239,829.83 
 
 Total $261,676.11 
 
 The actual cost of Equipment is as follows : 
 
 (1) Labor and materials 
 
 (2) Real estate 
 
 (3) Debt discount and expense 
 
 (4) Taxes 
 
 (5) Superintendence, etc 
 
 (6) Interest 
 
 Total 
 
 Actual Cost of Plant and Property $261,676.11 
 
 3 
 
Each of these parts of the actual cost of plant and structure 
 and of the actual cost of equipment of the additional tracks is 
 taken up hereafter in its order. They are shown as applied 
 to the several lines of the Railroads and represent actual expen- 
 ditures chargeable to the respective lines. It is necessary to keep 
 the cost separate as to lines in order to provide a basis for com- 
 puting deductions from revenue in the case of temporary opera- 
 tion (Article XLIX, Subdivision 7, of Contract No. 4, embodied 
 in Article X of the Certificate). 
 
 The records of costs, from which this determination is made, 
 are kept in such detail that the cost of any principal part of the 
 Railroads may be identified so that in case of its retirement or 
 withdrawal from service, the said cost may be withdrawn from 
 the appropriate depreciation fund as provided under Article 
 XLIX, Subdivision 5, of Contract No. 4, embodied in Article X 
 of the Certificate. A summary of these records will be given in 
 appendices as they appear. The Uniform S.ystem of Accounts 
 as prescribed by the Public Service Commission is followed for 
 this purpose. 
 
 When there are expenditures of an executive and administra- 
 tive nature it is impossible to allocate them to specific construction. 
 Such expenditures made by the New York Municipal Railway 
 Corporation I have distributed among the several lines affected 
 in each particular case on the basis of relative estimated costs. 
 The percentages used are given in a tabulation which represents 
 the understanding with respect thereto between representatives 
 of New York Municipal Railway Corporation and myself. This 
 understanding covers all of the work provided to be done by the 
 New York Municipal Railway Corporation under Contract No. 4 
 and the related certificates, including their contribution to the 
 City's Railroad, and its terms are stated in my determination 
 of Cost of Construction and Cost of Equipment made under 
 Contract No. 4. It is subject to modification by me at any time 
 that the facts indicate that it should be modified. The applica- 
 tion of this percentage distribution accounts for all of the items 
 herein reported. 
 
ACTUAL COST OF PLANT AND STRUCTURE 
 
 Real estate. "(2) The actual and necessary net -^ _ 
 
 cost in money to the Subway Company of 
 any real estate or interest therein, including consents and 
 easements (other than replacements or substitutions), nec- 
 essarily acquired for the construction or operation of the 
 plant and structure, or such additions thereto, or for con- 
 struction or operation of such improvements or better- 
 ments of existing structures, together with the actual and 
 necessary expenses in connection with such acquisition." 
 
 The cost of 
 
 (2) Real estate for such specified lines of the Railroads is as 
 follows : 
 
 (1) Broadway Line 
 
 (II) Fulton Street Line: 
 
 (a) Third and Fourth additional 
 tracks along the line of ex- 
 isting Fulton Street Line . . . 
 
 (b) Additional connection tracks 
 at East New York from Ful- 
 ton Street to Pitkin Avenue. 
 
 (Ill) Myrtle Avenue Line 
 
 $71.94 
 
 71.94 
 
 26.98 
 8.99 
 
 Total cost for Real Estate pursu- 
 ant to the Certificate prior 
 to March 19, 1913 
 
 $179.85 
 
 Debt discount ''(3) The debt discount and expense 
 
 and expense. actually and necessarily incurred in con- 
 nection with the construction of the plant 
 and structure and additions thereto from time to time, 
 provided, however, that the debt discount and expense, 
 except in the case of additions, shall not exceed an amount 
 equal to three per centum (3%) of the actual cost of the 
 plant and structure, including in such cost the expendi- 
 tures under this paragraph." 
 
The cost of 
 
 (3) Debt discount and expense for such specified lines of the 
 Railroads is as follows : 
 
 (I) Broadway Line $1,255.20 
 
 (II) Fulton Street Line: 
 
 (a) Third and Fourth additional 
 tracks along the line of ex- 
 isting Fulton Street Line. . . L255.21 
 
 (b) Additional connection tracks 
 at East New York from Ful- 
 ton Street to Pitkin Avenue. 470.70 
 
 (III) Myrtle Avenue Line 156.90 
 
 Total cost for Debt discount and 
 expense, pursuant to the Cer- 
 tificate prior to Mar. 19, 1913 $3,138.01 
 
 Taxes. "W Taxes and assessments actually and 
 
 necessarily paid or accrued upon the items of 
 this definition, pending the beginning of operation, in- 
 cluding in the word 'taxes,' assessments or other gov- 
 ernmental charges (including mortgage recording tax) of 
 every description against the Subway Company in and 
 about the construction of the plant and structure and 
 additions thereto from time to time. During operation, 
 such assessments for benefits as are not properly charge- 
 able against revenue shall be charged to actual cost. ' ' 
 
 The cost of 
 
 (4) Taxes, for such specified lines of the Railroads is as 
 follows : 
 
 (I) Broadway Line $40.00 
 
 (II) Fulton Street Line: 
 
 (a) Third and Fourth additional 
 tracks along the line of ex- 
 isting Fulton Street Line . . . 40.00 
 
 (b) Additional connection tracks 
 at East New York from Ful- 
 ton Street to Pitkin Avenue. 15.00 
 
 (III) Myrtle Avenue Line 5.00 
 
 Total cost for Taxes, pursuant 
 to the Certificate prior to 
 
 March 19, 1913 $100.00 
 
 6 
 
Superintend- "(5) The actual and necessary net 
 
 ence, etc. cost in money to the Subway Company 
 
 for superintendence, insurance, damages, 
 engineering, legal expenses and administration, includ- 
 
 ing in respect of the plant and structure (exclusive of 
 additions) the expenses above referred to in this para- 
 graph actually and necessarily incurred or payable by 
 the Subway Company prior to the date of this certificate, 
 and in addition the actual and necessary expense incurred 
 or payable by the Subway Company in printing, engrav- 
 ing and certifying securities for the plant and structure 
 (exclusive of additions) and the actual and necessary 
 expense in organizing the Subway Company." 
 
 The cost of 
 
 (5) Superintendence, etc., for such specified lines of the 
 Railroad is as follows : 
 
 (I) Broadway Line $7,371.37 
 
 (II) Fulton Street Line: 
 
 (a) Third and Fourth additional 
 tracks along the line of ex- 
 isting Fulton Street Line. . . 7,371.36 
 
 (b) Additional connection tracks 
 at East New York from Ful- 
 ton Street to Pitkin Avenue. 2,764.27 
 
 (III) Myrtle Avenue Line 921.42 
 
 Total cost for Superintendence, 
 etc., pursuant to the Certifi- 
 cate prior to March 19, 1913. . $18,428.42 
 
 Interest. '' (6) Interest actually and necessarily paid 
 
 or accrued on moneys provided by the Subway 
 Company or on its behalf from time to time for the items 
 of this definition from the respective times of providing 
 said moneys (but not including interest on any moneys 
 provided by the Subway Company or on its behalf prior to 
 October 1. 1912) to the beginning of operation of the part 
 of the plant and structure for which such moneys were pro- 
 vided, less any interest received by the Subway Company 
 or on behalf of the Subway Company on such moneys. ' ' 
 
The cost of 
 
 (6) Interest, for such specified lines of the Railroads is as 
 f olllows : 
 
 (I) Broadway Line $95,931.93 
 
 (II) Fulton Street Line: 
 
 (a) Third and Fourth additional 
 tracks along the line of ex- 
 isting Fulton Street Line. . . 95,931.93 
 
 (b) Additional connection tracks 
 at East New York from Ful- 
 ton Street to Pitkin Avenue. 35,974.48 
 
 (III) Myrtle Avenue Line 11,991.49 
 
 Total cost for Interest pursuant 
 to the Certificate prior to 
 March 19, 1913 $239,829.83 
 
 APPENDIX EXPLANATORY OF THE ABOVE 
 DETERMINATION 
 
 Debt discount and expense. In the determination of Cost of 
 
 Construction and Cost of Equip- 
 Lessee's expense for ment of the Railroad for Initial 
 
 superintendence. Operation made under this same 
 
 date, the character and division of 
 Taxes. expenditures by the Lessee prior to 
 
 March 19, 1913, are fully explained, 
 Interest. and reference is hereby made to 
 
 them to identify the entries herein. 
 
 UNIFORM SYSTEM OF ACCOUNTS 
 
 The details of the Cost hereinbefore set forth should be classi- 
 fied in accordance with the uniform system of accounts pre- 
 scribed for street and electric railways by the Public Service 
 Commission in its order of December 8, 1908, as follows: 
 
 8 
 
For Additional Tracks. 
 
 The actual cost of Plant and Structure is as f ollo^YS : 
 
 Intangible Street Railway Capital: 
 
 Organization $159.38 
 
 Other Intangible Street Railway Capital 11,751.14 
 
 Land: 
 
 Right of Way 179.85 
 
 Undistributed Construction Expenditures: 
 
 Engineering and Superintendence 6,617.90 
 
 Interest during construction 239,829.83 
 
 Suspense : 
 
 Unamortized debt discount and expense 3,138.01 
 
 Total cost for Plant and Structure $261,676.11 
 
 The actual cost of Equipment is as follows : 
 Note. There have been no expenditures on this account. 
 Total actual. cost of Plant and Property prior 
 
 to March 19, 1913 $261,676.11 
 
 These costs under the Uniform System of Accounts are for 
 each line of the Railroads as follows: 
 
 BROADWAY LINE 
 
 Cost of Plant and Structure: 
 Intangible Street Railway Capital: 
 
 Organization $63.75 
 
 Other Intangible Street Railway Capital 4,700.46 
 
 Land: 
 
 Right of Way 71.94 
 
 Undistributed Construction Expenditures : 
 
 Engineering and Superintendence 2,647.16 
 
 Interest during construction 95,931.93 
 
 Suspe7ise : 
 
 Unamortized debt discount and expense 1,255.20 
 
 Total cost for Plant and Structure $104,670.44 
 
 Total actual cost of Plant and I/roixTty of 
 
 Broadway Line prior to Miwrh ]!). 1913. . .$104,670.44 
 
 9 
 
FULTON STREET LINE 
 
 Cost of Plant and Structure : 
 
 Intangible Street Railway Capital: (a) (b) 
 
 Organization $63.75 $23.91 
 
 Other Intangible Street Railway Capital 4,700.45 1 J62.67 
 
 Land: 
 
 Right of Way 71.94 26.98 
 
 Undistributed Construction Expenditures: 
 
 Engineering and Superintendence. . . . 2,647.16 992.69 
 
 Interest during construction 95,931.93 35,974.48 
 
 Suspense : 
 
 Unamortized debt discount and expense 1,255.21 470.70 
 
 Total cost of Plant and Structure. $104,670.44 $39,251.43 
 
 Total actual cost of Plant and Property for 
 
 Fulton Street Line, prior to Mar. 19, 1913. $143,921.87 
 
 (a) Third and fourth additional tracks along the line of existing 
 
 Fulton Street Line. 
 
 (b) Additional connection tracks at East New York. 
 
 10 
 
MYRTLE AVENUE 
 
 Cost of Plant and Structure : 
 Inta7igihle Street Railway Capital: 
 
 Organization $7.97 
 
 Other Intangible Street Railway. Capital .' 587.56 
 
 La7id: 
 
 Right of Way 8.99 
 
 Undistributed Construction Expenditures: 
 
 Engineering and Superintendence 330.89 
 
 Interest during construction 11,991.49 
 
 Suspense : 
 
 Unamortized debt discount and expense 156.90 
 
 Total cost of Plant and Structure $13,083.80 
 
 Total actual cost of Plant and Property for 
 
 Myrtle Avenue Line prior to :Mar. 19, 1913. $13,083.80 
 
 Dated New York, October 14, 1913. 
 
 Alfred Craven, 
 Chief Engineer of the Public Service 
 Commission for the First District. 
 
 11 
 
In the Mattbb 
 
 OF THE 
 
 Determination of the Chief Engineer 
 of the Public Service Commission fori 
 the First District under the Certifi-( 
 cate dated March 19, 1913, from the 
 Public Service Commission for the 
 First District to the New York Munici- 
 pal Eailway Corporation- of the actual' 
 cost of Plant and Structure and actual 
 cost of Equipment of the Broadway, 
 Fulton Street and Myrtle Avenue 
 Additional Tracks, paid or accrued 
 prior to March 19, 1913. 
 
 Peior Determination 
 
 " Additional Tracks " 
 
 November 24, 1913. 
 
 Note. This Prior Determination was first rendered by me under 
 date of October 14, 1913, and is now revised under this date pursuant 
 to a stipulation entered into between the New York Municipal Hallway 
 Corporation and the Commission as noted herein. 
 
 N. Y. M, E. D. Prior C 700-Apr., '15 (B) 
 
To the 
 
 Public Service Commission for the First District and 
 New York Municipal Railway Corporation: 
 
 Pursuant to the provisions of Contract 4 and the 
 certificates related thereto, under this date I am rendering 
 in detail my determinations of the costs paid or accrued 
 prior to March 19, 1913, separately with respect to 
 Contract 4 and each certificate. 
 
 These determinations, summarized, are for 
 
 Expenditures Expenditures 
 
 Contract 4 Railroad: by City. by Lessee. Total. 
 
 Cost of Construction $33,531,583.57 $653,740.67 $34,185,324.24 
 
 Cost of Equipment 784,488.82 784,488.82 
 
 Total Cost of the 
 
 Railroad $33,531,583.57 $1,438,229.49 $34,969,813.06 
 
 Contract 4 Reconstruc- 
 tion of Existing Rail- 
 roads: 
 
 Cost of Construction 882,999.51 882,999.51 
 
 Cost of Equipment 294,183.29 294,183.29 
 
 Total Cost of Recon- 
 struction of Ex- 
 isting Railroads.. $1,177,182.80 $1,177,182.88 
 
 Total Cost of Con- 
 tract 4 $33,531,683.57 $2,615,412.29 $36,146,995 . 8 
 
 Certificate for A d d i t i o n a 1 
 
 Tracks: None None 
 
 Certificate for Elevated Exten- 
 sions: None None 
 
 Total for New York 
 Municipal Railway 
 Corporation Lines, 
 Contract 4 and 
 Certificates $33,531,683.67 $2,615,412.29 $36,146,996.8* 
 
 Dated New York, 
 
 November 24, 1913. 
 
 ALFRED CRAVEN, 
 
 Chief Engineer 
 Public Service Commission for the First District. 
 
In the Matter 
 
 OF THE 
 
 Determination of the Chief Engineer 
 of the Public Service Commission fori 
 the First District under the Certifi-' 
 cate dated March 19, 1913, from the 
 Public Service Commission for the 
 First District to the New York Munici- 1 
 pal Eailway Corporation of the actual 
 cost of Plant and Structure and actual 
 cost of Equipment of the Broadway, 
 Fulton Street and Myrtle Avenue 
 Additional Tracks, paid or accrued 
 prior to March 19, 1913. 
 
 Prior Determination 
 
 " Additional Tracks '' 
 
 November 24, 1913. 
 
 Note. This Prior Determination was first rendered by me under 
 date of October 14, 1913, and is now revised under this date pursuant 
 to a stipulation entered into between the New York Municipal Railway- 
 Corporation and the Commission as noted herein. 
 
To the 
 
 Public Service Commission for the First District and 
 New York Municipal, Eailway Corporation: 
 
 Pursuant to the provisions of the 
 
 CEETIFICATE dated March 19, 1913, from the Public Service 
 Commission for the First District to the New York Municipal Eail- 
 way Corporation, authorizing it: 
 
 " To lay additional tracks on, above or contiguous to, portions 
 of the route or routes of its railroads within New York," etc. ; 
 
 And in accordance with the terms of Article IX thereof, I 
 hereby render my determination of the actual cost of the Plant and 
 Structure and of the actual cost of Equipment of the several Rail- 
 roads paid or accrued prior to March 19, 1913. 
 
 No expenditures have been apportioned to the Broadway, Ful- 
 ton Street and Myrtle Avenue Additional Tracks which are author- 
 ized under the Certificate for the following reasons : 
 
 When there are expenditures of an executive and administra- 
 tive nature it is impossible to allocate them to specific construction. 
 Such expenditures may properly be distributed among the several 
 lines affected in each particular case on the basis of relative esti- 
 mated costs. An understanding with respect thereto between rep- 
 resentatives of the Commission, the New York Municipal Eailway 
 Corporation and myself, is shown in " A Schedule of Agreed Divi- 
 sion of General Construction and Equipment Expenses," set forth 
 in my determination under this date of Cost of Construction and 
 Cost of Equipment under Contract 4. This understanding covers 
 all of the work done by the New York Municipal Eailway Corpora- 
 tion under Contract 4 and the related Certificates, including the 
 one under which this determination is made. 
 
 The expenditures on account of New York Municipal Eailway 
 Corporation prior to March 19, 1913, were of the kind covered by 
 the schedule just referred to and in particular, were made in ac- 
 quiring moneys in anticipation of the signing of the Contract and 
 the granting of the Certificates and for organization and prelim- 
 inary legal and engineering expenses. Inasmuch as the Eailroads 
 authorized by this Certificate are not legalized, it was requested by 
 the New York Municipal Eailway Corporation, and deemed proper 
 
 5 
 
by the Commission, that these preliminary expenses be applied to 
 Reconstruction of Existing Railroads under Contract 4 for this 
 " Prior " determination. This matter is covered by a stipulation 
 between New York Municipal Railway Corporation and the Com- 
 mission, dated November 18, 1913, in which the principle of the 
 schedule above mentioned is confirmed and " In particular the Rail- 
 way Corporation agrees that the proportionate part of such items 
 that would properly be allocable to additional tracks and extensions 
 (if such consents had been obtained therefor) may be allocated tem- 
 porarily to Reconstruction of Existing Railroads for Initial Opera- 
 tion, and that when and as the necessary constitutional consents are 
 obtained for any additional tracks or extensions the Chief Engineer 
 may transfer from Reconstruction of Existing Railroads for Initial 
 Operation to the additional tracks or extensions for which such con- 
 sents shall have been obtained the amounts which otherwise would 
 have been allocated thereto in the first instance." 
 
 A complete copy of the above mentioned stipulation is hereto 
 annexed as an appendix. 
 Dated 
 
 November 24, 1913. 
 
 ALFRED CRAVEN, 
 
 Chief Engineer 
 Public Service Commission for the First District. 
 
APPENDIX. 
 
 Stipulation made this 18th day of November, 1913, by and between 
 the Public Service Commission for the First District, hereinafter re- 
 ferred to as the " Commission," and New York Municipal Railway Cor- 
 poration, hereinafter referred to as the " Railway Corporation." 
 
 Whereas acting under the provisions of the 
 
 (1) Contract dated March 19, 1913, between the City of New 
 York, acting by the Commission, and the Railway Corporation, 
 known as Contract No. 4, 
 
 (2) The certificate dated March 19, 1913, granted by the 
 Commission to the Railway Corporation for additional tracks, 
 and 
 
 (3) The certificate dated March 19, 1913, granted by the 
 Commission to the Railway Corporation for extensions. 
 
 The Chief Engineer of the Commission has rendered certain determina- 
 tions bearing date the 14th day of October, 1913, of the cost of con- 
 struction, cost of equipment, actual cost of plant and structure and 
 actual cost of equipment paid or accrued prior to March 19, 1913; and 
 
 Whereas, included in such determinations are various items of cost 
 not susceptible of specific allocation to the various lines and subdivi- 
 sions referred to in the contract and certificates, but which in such 
 determinations are allocated to such lines and subdivisions in accord- 
 ance with an empirical method of allocation; and 
 
 Whereas, in accordance with such method of allocation portions of 
 such items have been allocated to lines or subdivisions for which the 
 necessary constitutional consents have not as yet been obtained; and 
 
 Whereas such method of allocation was based in part upon the 
 suggestion that under the contract and certificates the Chief Engineer 
 was required to make in each determination a definite and final alloca- 
 tion of such items despite the fact that all allocations of such items 
 are necessarily subject to readjustment because of changing conditions 
 arising out of the prosecution of the work under said contract and 
 certificates ; and 
 
 Whereas, the Commission and the Railway Corporation recognize 
 the right of the Chief Engineer under said contract and certificates to 
 allocate such items in proper proportionate parts to various lines and 
 subdivisions for which the necessary constitutional consents shall 
 have been obtained and thereafter, from time to time, to reallocate 
 such items or portions thereof as may be necessary, so that as soon 
 as practicable there shall be allocated to each line and subdivision 
 its proper proportionate part of such items upon the basis of the rela- 
 
tive cost applicable to such line or subdivision to the cost applicable 
 to the other lines and subdivisions as contemplated in said contract 
 and certificates; and 
 
 Whereas, the Chief Engineer has expressed his willingness to with- 
 draw such determinations upon the request of the Commission and the 
 Railway Corporation; and 
 
 Whereas, the Commission and the Railway Corporation construe 
 the contract and certificates as giving such right of allocation and 
 reallocation to the Chief Engineer and enter into this stipulation not 
 for the purpose of varying or modifying any of the provisions of such 
 contract and certificates but for the purpose of regulating matters of 
 detail thereimder and to avoid possible future misunderstandings. 
 
 Now Thekefore, the Commission and the Railway Corporation 
 hereby stipulate and agree as follows : 
 
 First: The Commission and the Railway Corporation hereby ex- 
 pressly recognize and confirm the right of the Chief Engineer under said 
 contract and certificates to allocate in proper proportionate parts to the 
 various lines and subdivisions for which the necessary constitutional con- 
 sents shall have been obtained all such items of cost as are not suscep- 
 tible of specific allocation, and thereafter, from time to time, to reallo- 
 cate such items in whole or in part as may be necessary, so that as soon 
 as practicable there shall be finally allocated to each such line and 
 subdivision no more and no less than its proper proportionate part of 
 such items upon the basis of the relative cost applicable to said line 
 or subdivision to the cost applicable to the other lines and subdivisions 
 as contemplated in said contract and certificates. 
 
 Second: In the case of lines or subdivisions for which the neces- 
 sary constitutional consents have not at the time of rendering any 
 determination been obtained, the Chief Engineer may allocate the pro- 
 portionate part of such items that otherwise would be allocable to such 
 lines or subdivision, to other lines or subdivisions for which the neces- 
 sary constitutional consents have been obtained; and thereafter, when 
 and as the necessary constitutional consents are obtained, the Chief 
 Engineer may transfer the amounts so allocated from the lines or 
 subdivisions to which they have been allocated to the line or subdi- 
 vision for which such consents shall have been obtained, so that each 
 line or subdivision will bear its equitable and proper share of such 
 items. In particular the Railway Corporation agrees that the propor- 
 tionate part of such items that would properly be allocable to addi- 
 tional tracks and extensions (if such consents had been obtained there- 
 for) may be allocated temporarily to Reconstruction of Existing Rail- 
 roads for Initial Operation, and that when and as the necessary con- 
 stitutional consents are obtained for any additional tracks or extensions 
 the Chief Engineer may transfer from Reconstruction of Existing 
 Railroads for Initial Operation to the additional tracks or extensions 
 for which such consents shall have been obtained the amounts which 
 otherwise would have been allocated thereto in the first instance. 
 
 Third: The Chief Engineer may withdraw the several determina- 
 
 8 
 
tions bearing the date the 14th day of October, 1913, such withdrawal to 
 have the same force and effect as though such determinations had not 
 been rendered. 
 
 Fourth: The time of the Chief Engineer to render the determina- 
 tions of cost of construction, cost of equipment, actual cost of plant 
 and structure and actual cost of equipment paid or accrued prior to 
 March 19, 1913, is hereby extended to and including the 25th day of 
 November, 1913. 
 
 Fifth: This stipulation shall be without prejudice to any right 
 of the Commission or of the Railway Corporation under said contract 
 or certificates to object to any determinations of the Chief Engineer. 
 
 Sixth: This stipulation shall not apply to items of cost susceptible 
 of specific allocation, the intention being that the Chief Engineer shall 
 allocate all such items as are susceptible of specific allocation to the 
 particular lines or subdivisions to which they shall respectively belong. 
 
 Seventh: This stipulation shall continue in force and effect until 
 the beginning of Initial Operation under said contract. 
 
 In Witness Whereof the Commission has caused its official seal 
 to be hereto affixed and attested by its Secretary and this stipulation 
 to be signed by its Chairman, and the Railway Corporation has caused 
 its corporate seal to be hereto affixed and attested by its Secretary 
 and this stipulation to be signed by its President, all the day and year 
 first above written. 
 
 PUBLIC SERVICE COMMISSION FOR THE FIRST 
 DISTRICT, 
 
 [SEAL OF THE by EDWARD E. McCaLL, 
 
 COMMISSION] Chairman. 
 
 Attest : 
 
 Travis H. Whitney, 
 
 Secretary. 
 
 NEW YORK MUNICIPAL RAILWAY CORPORA- 
 TION, 
 
 [seal OF the rail- by T. S. Williams, 
 
 WAY CORPORATION] President. 
 
 Attest : 
 
 llA. Bullock, 
 
 Secretary. 
 
In the Matter 
 
 Ho. 3 
 
 OF THE 
 
 Determination of the Chief Engineer 
 of the Public Service Commission for 
 the First District under the Certifi- 
 cate dated March 19, 1913, from the 
 Public Service Commission for the 
 First District to the New York Muni- 
 cipal Railway Corporation, of the ac- 
 tual cost of Plant and Structure and 
 actual cost of Equipment of the Ja- 
 maica Line and the Liberty Avenue 
 Line, paid or accrued prior to March 
 
 19, 1913. e^.,a/.^d. ^t 
 
 Prior Determination 
 ''Elevated Exten- 
 sions" 
 October 14, 1913. 
 
 N. Y. M. E. D. Prior D 1,500-0, '13 (N) 
 
To the 
 
 Public Service Commission for the First District and 
 New York Municipal Raihvay Corporation: 
 
 Pursuant to the provisions of Contract 4 and the 
 certificates related thereto, under this date I am reo- 
 dering in detail my determinations of the costs paid or 
 accrued prior to March 19, 1913, separately with 
 respect to Contract 4 and each certificate. 
 
 These determinations, summarized, are for 
 
 Contract 4 Railroad: 
 Cost of Construction ------ $34,185,324.24 
 
 Cost of Equipment ------- 784,488.82 
 
 Total Cost of the Railroad - - - - $34,969,813.06 
 
 Contract 4 Reconstruction of Existing Railroads: 
 Cost of Construction ------ $392,244.39 
 
 Cost of Equipment - ------ 130,748.13 
 
 Total Cost of Reconstruction of Exist- 
 ing Railroads ------- $522,992.52 
 
 Total Cost of Contract 4 - - - - - $35,492,805.58 
 
 Certificate for Additional Tracks: 
 Actual Cost of Plant and Structure - $261,676.11 
 Actual Cost of Equipment - - - - 
 
 Actual Cost of Plant and Property - $261,676.11 
 
 Certificate for Elevated Extensions: 
 Actual Cost of Plant and Structure - $196,257.08 
 Actual Cost of Equipment - - - - 196,257.09 
 
 Actual Cost of Plant and Property - $392,514.17 
 Total for Municipal Railway Corpora- 
 tion, Contract 4 and Certificates - $36,146,995.86 
 
 ALFRED CRAFEN, 
 
 Chief Engineer 
 Public Service Commission for the First District, 
 
In the Matter 
 
 OF THE 
 
 Determination of the Chief Engineer 
 of the Public Service Commission for 
 the First District under the Certifi- 
 cate dated March 19, 1913, from the 
 Public Service Commission for the 
 First District to the New York Muni- 
 cipal Railway Corporation, of the ac- 
 tual cost of Plant and Structure and 
 actual cost of Equipment of the Ja- 
 maica Line and the Liberty Avenue 
 Line, paid or accrued prior to March 
 19, 1913. 
 
 Prior Determination 
 ''Elevated Exten- 
 sions ' ' 
 October 14, 1913. 
 
To the 
 
 Public Service Commission for the First District and 
 New York Municipal Railway Corporation: 
 
 Pursuant to the provisions of the 
 
 CERTIFICATE, dated March 19, 1913, from the Public 
 Service Commission for the First District to the New York Muni- 
 cipal Railway Corporation, authorizing as follows: To construct 
 the Jamaica Line, Liberty Avenue Line ; terminal yards, stations, 
 etc. ; to acquire real estate therefor and to construct wires, 
 cables, etc. ; 
 
 And in accordance with the terms of Article IX thereof I 
 hereby render my determination of the actual cost of Plant 
 and Structure and of the actual cost of Equipment of the several 
 Railroads paid or accrued prior to March 19, 1913. 
 
 For the Jamaica Line and the Liberty Avenue Line, 
 
 The actual cost of Plant and Structure (Article IX of the 
 above mentioned Certificate) is as follows: 
 
 (1) Labor and materials 
 
 (2) Real estate $134.88 
 
 (3) Debt discount and expense 2,353.51 
 
 (4) Taxes 75.00 
 
 (5) Superintendence, etc 13,821.32 
 
 (6) Interest 179,872.37 
 
 Total $196,257.08 
 
 The actual cost of Equipment is as follows : 
 
 (1) Labor and materials 
 
 (2) Real estate $134.88 
 
 (3) Debt discount and expense 2,353.51 
 
 (4) Taxes 75.00 
 
 (5) Superintendence, etc 13,821.33 
 
 (6) Interest 179,872.37 
 
 Total $196,257.09 
 
 Actual Cost of Plant and Property $392,514.17 
 
 Each of these parts of the actual cost of plant and structure 
 and actual cost of equipment of elevated extensions is taken up 
 hereafter in its order. They are shown as applied to the 
 several lines, and represent actual expenditures chargeable to 
 
 3 
 
the respective lines. It is necessary to keep the cost separate as 
 to lines in order to provide a basis for computing deductions 
 from revenue in the case of temporary operation (Article XLIX, 
 Subdivision 7, of Contract No. 4, embodied in Article X of the 
 Certificate) . 
 
 The records of costs, from which this determination is made, 
 are kept in such detail that the cost of any principal part of the 
 Railroads may be identified so that in case of its retirement or 
 withdrawal from service, the said cost may be withdrawn from 
 the appropriate depreciation fund as provided under Article 
 XLIX, Subdivision 5, of Contract No. 4, as embodied in Article 
 X of the Certificate. A summary of these records will be given 
 in appendices as they appear. The Uniform System of Accounts 
 as prescribed by the Public Service Commission is followed for 
 this purpose. 
 
 When there are expenditures of an executive and administra- 
 tive nature it is impossible to allocate them to specific construc- 
 tion. Such expenditures made by the New York Municipal Rail- 
 way Corporation I have distributed among the several lines 
 affected in each particular case on the basis of relative estimated 
 costs. The percentages used are given in a tabulation which 
 represents the understanding with respect thereto between 
 representatives of New York Municipal Railway Corporation 
 and myself. This understanding covers all of the work provided 
 to be done by the New York Municipal Railway Corporation 
 under Contract No. 4 and the related certificates including their 
 contribution to the City's Railroad and its terms are stated in 
 my determination of Cost of Construction and Cost of Equip- 
 ment made under Contract No. 4. It is subject to modification 
 by me at any time that the facts indicate that it should be modi- 
 fied. The application of this percentage distribution accoimts 
 for all of the items herein reported. 
 
 ACTUAL COST OF PLANT AND STRUCTURE 
 
 Real estate. ''(2) The actual and necessary net 
 
 cost in money to the Subway Company of 
 any real estate or interest therein, including consents and 
 easements necessarily acquired for the construction or 
 operation of the plant and structure, or such permanent 
 additions thereto, other than replacements or substitutions, 
 together with the actual and necessary expenses in connec- 
 tion with such acquisition." 
 
The cost of 
 
 (2) Real estate for the specified lines of the Railroads is as 
 follows : 
 
 (I) Jamaica Line $94.42 
 
 (II) Liberty Avenue Line 40.46 
 
 Total cost for Real Estate pursuant to 
 the Certificate prior to March 19, 
 1913 $134.88 
 
 Debt discount ''(3) The debt discount and expense 
 
 and expense, actually and necessarily incurred in con- 
 nection with the construction of the plant 
 and structure and additions thereto from time to time, 
 provided, however, that the debt discount and expense, 
 except in the case of additions, shall not exceed an amount 
 equal to three per centum (3%) of the actual cost of the 
 plant and structure including in such cost the expendi- 
 tures under this paragraph.'' 
 
 The cost of 
 
 (3) Debt discount and expense for the specified lines of the 
 Railroads is as follows: 
 
 (I) Jamaica Line.* $1,647.46 
 
 (II) Liberty Avenue Line 706.05 
 
 Total cost for Debt discount and ex- 
 pense pursuant to the Certificate 
 prior to March 19, 1913 $2,353.51 
 
 Taxes. ''(4) Taxes and assessments actually 
 
 and necessarily paid or accrued upon the 
 items of this definition pending the beginning of operation, 
 including the word 'taxes,' assessments or other govern- ' 
 mental charges (including mortgage recording tax) of 
 every description against the Subway Company in and 
 about the construction of the plant and structure and addi- 
 tions thereto from time to time. During operation such 
 assessments for benefits as are not properly chargeable 
 against revenue shall be charged to such actual cost." 
 
 The cost of 
 
 (4) Taxes for the specified lines of the Railroads is as 
 follows : 
 
 (I) Jamaica Line $52.50 
 
 (II) Liberty Avenue Line 22.50 
 
 Total cost for Taxes pursuant to the 
 
 Certificate prior to March 19, 1913. . . $75.00 
 
 5 
 
Superinten- *' (5) The actual and necessary net 
 
 dence, etc. cost in money to the Subway Company 
 
 for superintendence, damages, insurance, 
 engineering, legal expenses and administration, in and 
 about the construction or acquisition of the plant and 
 structure or such additions thereto or the improvements or 
 betterments aforesaid and including in respect of the plant 
 and structure (exclusive of additions) the expenses above 
 referred to in this paragraph actually and necessarily 
 incurred or payable by the Subway Company prior to the 
 date of this certificate and in addition the actual and 
 necessary expense incurred or payable by the Subway 
 Company in printing, engraving and certifying securities 
 for the plant and structure (exclusive of additions), and 
 the actual and necessary expenses in organizing the Sub- 
 way Company." 
 
 The cost of 
 
 (5) Superintendence, etc., for the specified lines of the Rail- 
 roads is as follows: 
 
 (I) Jamaica Line $9,674.93 
 
 (II) Liberty Avenue Line 4,146.39 
 
 Total cost for Superintendence, etc., 
 pursuant to the Certificate prior 
 to March 19, 1913 13,821.32 
 
 Interest. ^'(6) Interest actually and necessarily 
 
 paid or accrued on moneys provided by 
 the Subway Company or on its behalf from time to time 
 for the items of this definition from the respective time of 
 providing said moneys (but not including interest on any 
 moneys provided by the Subway Company or on its behalf 
 prior to October 1, 1912) to the beginning of operation on 
 the part of the plant and structure for which such moneys 
 were provided, less any interest received by the Subway 
 Company or on behalf of the Subway Conipany on such 
 moneys. ' ' 
 
 The cost of 
 
 (6) Interest for the specified lines of the Railroads is as 
 follows : 
 
 (I) Jamaica Line $125,910.66 
 
 (II) Liberty Avenue Line 53,961.71 
 
 Total cost for Interest pursuant to 
 the Certificate prior to March 
 
 19, 1913 $179,872.37 
 
 6 
 
ACTUAL COST OF EQUIPMENT 
 
 Real estate. ^'(2) The actual and necessary net 
 
 cost in money to the Subway Company 
 of any real estate or interest therein including consents 
 and easements necessarily acquired for the construction 
 or operation of equipment or such additions thereto, other 
 than replacements or substitutions together with the actual 
 and necessary expenses in connection with such acquisi- 
 tion." 
 
 The cost of 
 
 (2) Real estate for the specified lines of the Railroads is 
 as follows: 
 
 (I) Jamaica Line $94.42 
 
 (II) Liberty Avenue Line 40.46 
 
 Total cost for Real Estate pursuant to 
 the Certificate prior to March 19, 
 1913 $134.88 
 
 Debt discount ''(3) The debt discount and expense 
 
 and expense, actually and necessarily incurred in con- 
 nection with the equipment and additions 
 thereto from time to time, provided, however, that the debt 
 discount and expense, except in the case of additions, shall 
 not exceed an amount equal to three per centum (3%) 
 of the actual cost of equipment including in such actual 
 cost the expenditures under this paragraph." 
 
 The cost of 
 
 (3) Debt discount and expense for the specified lines of the 
 Railroads is as follows : 
 
 (I) Jamaica Line $1,647.46 
 
 (II) Liberty Avenue Line 706.05 
 
 Total cost for Debt discount and ex- 
 pense pursuant to the Certificate 
 prior to March 19, 1913 $2,353.51 
 
Taxes. "W Taxes and assessments actually 
 
 and necessarily paid or accrued upon the 
 items of this definition pending the beginning of opera- 
 tion, including the word ' taxes, ' assessments or other gov- 
 ernmental charges (including mortgage recording tax) of 
 every description against the Subway Company in and 
 about the construction or acquisition of Equipment and 
 additions thereto from time to time. During operation 
 such assessments for benefits as are not properly charge- 
 able against revenue shall be charged to such actual cost." 
 
 The cost of 
 
 (4) Taxes for the specified lines of the Railroads is as follows 
 
 (I) Jamaica Line $52.50 
 
 (II) Liberty Avenue Line 22.50 
 
 Total cost for Taxes pursuant to the Cer- 
 tificate prior to March 19, 1913 $75.00 
 
 Superinten- ''(5) The actual and necessary net 
 
 dence, etc. cost in money to the Subway Company for 
 
 superintendence, insurance, damages, en- 
 gineering, legal expenses, insurance and administration in 
 and about the acquisition or construction of equipment or 
 such additions thereto, including in respect of equipment 
 (exclusive of additions) the expenses above referred to in 
 this paragraph actually and necessarily incurred or pay- 
 able by the Subway Company prior to the date of this cer- 
 tificate and in addition the actual and necessary expense 
 incurred or payable by the Subway Company in printing, 
 engraving and certifying securities for equipment (exclu- 
 sive of additions), and the actual and necessary expense 
 in organizing the Subway Company." 
 
 The cost of 
 
 (5) Superintendence, etc., for the specified lines of the Rail- 
 roads is as follows : 
 
 (I) Jamaica Line $9,674.94 
 
 (II) Liberty Avenue Line 4,146.39 
 
 Total cost for Superintendence, etc., 
 pursuant to the Certificate, prior 
 to March 19, 1913 $13,821.33 
 
Interest. " (6) Interest actually and necessarily 
 
 paid or accrued on moneys provided by 
 the Subway Company or on its behalf from time to time ^ 
 
 for the items of this definition from the respective times of 
 providing said moneys (but not including interest on any 
 moneys provided by the Subway Company or on its behalf 
 prior to October 1, 1912) to the beginning of operation of 
 the part of the equipment for which such moneys were 
 provided, less any interest received by the Subway Com- 
 pany or on behalf of the Subway Company on such 
 moneys. ' ' 
 
 The cost of 
 
 (6) Interest for the specified lines of the Railroads is as 
 follows : 
 
 (I) Jamaica Line $125,910.66 
 
 (II) Liberty Avenue Line. 53,961.71 
 
 Total cost for Interest pursuant to 
 the Certificate, prior to March 
 19, 1918 $179,872.37 
 
 APPENDIX EXPLANATORY OF THE ABOVE 
 DETERMINATION 
 
 Debt discount and expense. In the determination of Cost 
 
 of Construction and Cost of 
 
 Lessee's expense for Equipment of the Railroad for 
 
 Superintendence. Initial Operation made under this 
 
 same date, the character and divis- 
 
 Taxes. ion of expenditures by the Lessee 
 
 prior to March 19, 1913, are fully 
 
 Interest. explained, and reference is hereby 
 
 made to them to identify the en- 
 tries herein. 
 
 UNIFORM SYSTEM OF ACCOUNTS 
 
 The details of the Costs hereinbefore set forth should be 
 classified in accordance with the uniform system of accounts 
 prescribed for street and electric railways by the Public Service 
 Commission in its order of December 8, 1908, as follows: 
 
 9 
 
For the Elevated Extensions, 
 
 The Cost of Plant and Structure is as follows : 
 
 Intangible Street Baihvay Capital: 
 
 Organization $1 19.53 
 
 Other Intangible Street Railway Capital 8,813.35 
 
 Land : 
 
 Eight of Way 134.88 
 
 Undistributed Construction Expenditures: 
 
 Engineering and Superintendence 4,963.44 
 
 Interest during construction 179,872.37 
 
 Suspense : 
 
 Unamortized debt discount and expense 2,353.51 
 
 Total Cost of Plant and Structure $196,257.08 
 
 The Cost of Equipment for Initial Operation is as follows : 
 
 Intangible Street Raihvay Capital: 
 
 Organization $119.54 
 
 Other Intangible Street Railway Capital 8,813.35 
 
 Land: 
 
 Right of Way 134.88 
 
 Undistributed Construction Expenditures : 
 
 Engineering and Superintendence 4,963.44 
 
 Interest during construction 179,872.37 
 
 Siispense: 
 
 Unamortized debt discount and expense 2,353.51 
 
 Total Cost of Equipment $196,257.09 
 
 Total Actual Cost of Plant and Property for 
 
 Elevated Extensions prior to March 19, 1913 $392,514.17 
 
 These costs under the Uniform System of Accounts are for 
 each line of the Railroads as follows: 
 
 10 
 
JAMAICA LINE 
 
 Cost of Plant and Structure: ^ 
 
 Intangible Street Railway Capital: 
 
 Organization 83.67 
 
 Other Intangible Street Railway Capital 6,169.35 
 
 Land: 
 
 Right of Way 94.42 
 
 Undistributed Construction Expenditures: 
 
 Engineering and Superintendence 3,474.41 
 
 Interest during construction 125,910.66 
 
 Suspense : 
 
 Unamortized debt discount and expense 1,647.46 
 
 Total cost of Plant and Structure $137,379.97 
 
 Cost of Equipment: 
 
 Intangible Street Railway Capital: 
 
 Organization 83.68 
 
 Other Intangible Street Railway Capital 6,169.35 
 
 Land : 
 
 Right of Way 94.42 
 
 Undistributed Construction Expenditures: 
 
 Engineering and Superintendence 3,474.41 
 
 Interest during construction 125,910.66 
 
 Suspense : 
 
 Unamortized debt discount and expense 1,647.46 
 
 Total cost of Equipment 137,379.98 
 
 Total Actual Cost of Plant and Property for 
 
 Jamaica Line, prior to March 19, 1913 $274,759.95 
 
 11 
 
LIBERTY AVENUE LINE. 
 
 Cost of Plant and Structure : 
 Intangible Street Railway Capital: 
 
 Organization $35.86 
 
 Other Intangible Street Railway Capital 2,644.00 
 
 Land: 
 
 Right of Way 40.46 
 
 Undistrihuted Construction Expenditures : 
 
 Engineering and Superintendence 1,489.03 
 
 Interest during construction 53,961.71 
 
 Suspense : 
 
 Unamortized debt discount and expense 706.05 
 
 Total Cost of Plant and Structure $58,877.11 
 
 Cost of Equipment : 
 
 Intangible Street Raihvay Capital: 
 
 Organization $35.86 
 
 Other Intangible Street Railway Capital 2,644.00 
 
 Land: 
 
 Right of way 40.46 
 
 Undistributed Construction Expenditures: 
 
 Engineering and Superintendence 1,489.03 
 
 Interest during construction 53,961.71 
 
 Suspense : 
 
 Unamortized debt discount and expense 706.05 
 
 Total Cost of Equipment $58,877.11 
 
 Total Actual Cost of Plant and Property for 
 
 Liberty Avenue Line prior to March 19, 1913 $117,754.22 
 
 Dat( (I N( w York, October 14, 1913. 
 
 Alfred Craven, 
 
 Chief Engineer of the Public Service 
 
 Commission for the First District, 
 
 12 
 
In the Mattbb 
 
 OP THE 
 
 Determination of the Chief Engineer 
 of the Public Service Commission for] 
 the First District imder the Certifi- 
 cate dated March 19, 1913, from the 
 Public Service Commission for the 
 First District to the New York Munici- 
 pal Eailway Corporation, of the actual' 
 cost of Plant and Structure and actual 
 cost of Equipment of the Jamaica 
 Line and the Liberty Avenue Line, 
 paid or accrued prior to March 19, 
 1913. 
 
 Pkioe Determination 
 ^^ Elevated Exten- 
 
 sions 
 
 November 24, 1913. 
 
 Note, This Prior Determination was first rendered by me under 
 date of October 14, 1913, and is now revised under this date pursuant 
 to a stipulation entered into between the New York Municipal Bailway 
 Corporation and the Commission as noted herein. 
 
 N. Y. M.B. D. Prior D,700-Apr., '15 (B) 
 
To the 
 
 Puhlic Service Commission for the First District and 
 New York Municipal Railway Corporation: 
 
 Pnrsiiaut to the provisions of Contract 4 and the 
 certificates related thereto, under this date I am rendering 
 in detail my determinations of the costs paid or accrued 
 prior to March 19, 1913, separately with respect to 
 Contract 4 and each certificate. 
 
 These determinations, summarized, are for 
 
 Expenditures Expenditures 
 
 Contract 4 Kailroad: by City. by Lessee. Total. 
 
 Cost of Construction $33,531,583.57 $653,740.67 $34,185,324.24 
 
 Cost of Equipment 784,488.82 784,488.82 
 
 Total Cost of the 
 
 Railroad $33,531,583.57 $1,438,229.49 $34,969,813.06 
 
 Contract 4 Reconsti-ue- 
 tion of Existing Rail- 
 roads : 
 
 Cost of Construction 882,999.51 882,999.51 
 
 Cost of Equipment 294,183.29 294,183.29 
 
 Total Cost of Recon- 
 stmction of Ex- 
 isting Railroads.. $1,177,182.80 $1,177,182.80 
 
 Total Cost of Con- 
 tract 4 '$33,531,583.57 $2,615,412.29 $36,146,995.86 
 
 Certificate for Additional 
 
 Tracks: None None 
 
 Certificate for Elevated Exten- 
 sions : None None 
 
 Total for Ne>4- York 
 Municipal Railway 
 Corporation Lines, 
 Contract 4 and 
 Certificates $33,531,683.57 $2,615,412.29 $36,146,995.86 
 
 Dated Xew York, 
 
 ]Srovember 24, 1913. 
 
 ALFRED CRAVEN, 
 
 Chief Engineer 
 Puhlic Service Commissiofi for the First District. 
 
In the Matter 
 
 OF THE 
 
 Determination of the Chief Engineer 
 of the Public Service Commission fori 
 the First District under the Certifi-| 
 cate dated March 19, 1913, from the 
 Public Service Commission for the 
 First District to the New York Munici- 
 pal Railway Corporation, of the actual 
 cost of Plant and Structure and actual 
 cost of Equipment of the Jamaica 
 Line and the Liberty Avenue Line, 
 paid or accrued prior to March 19, 
 1913. 
 
 Prior Determination 
 "Elevated Exten- 
 sions " 
 
 November 24, 1913. 
 
 Note. This Prior Determination was first rendered by me under 
 date of October 14, 1913, and is now revised under this date pursuant 
 to a stipulation entered into between the New York Municipal Railway 
 Corporation and the Commission as noted herein. 
 
To the 
 
 Public Service Commission for the First District and 
 New York Municipal Railway Corporation: 
 
 Pursuant to the provisions of tlie 
 
 CEETIFICATE, dated March 19, 1913, from the Public Ser- 
 vice Commission for the First District to the New York Municipal 
 Eailway Corporation, authorizing as follows: To construct the 
 Jamaica Line, Liberty Avenue Line ; terminal yards, stations, etc. ; 
 to acquire real estate therefor and to construct wires, cables, etc.; 
 
 And in accordance with the terms of Article IX thereof I hereby 
 render my determination of the actual cost of Plant and Structure 
 and of the actual cost of Equipment of the several Railroads paid 
 or accrued prior to March 19, 1913. 
 
 No expenditures have been apportioned to the Jamaica Line 
 elevated extension and the Liberty Avenue Line elevated extension 
 which are authorized under the Certificate for the following 
 reasons : 
 
 When there are expenditures of an executive and administra- 
 tive nature it is impossible to allocate them to specific construction. 
 Such expenditures may properly be distributed among the several 
 lines affected in each particular case on the basis of relative esti- 
 mated costs. An understanding with respect thereto between rep- 
 resentatives of the Commission, the New York Municipal Railway 
 Corporation and myself, is shown in " A Schedule of Agreed Divi- 
 sion of General Construction and Equipment Expenses,^' set forth 
 in my determination under this date of Cost of Construction and 
 Cost of Equipment under Contract 4. This understanding covers 
 all of the work done by the New York Municipal Railway Corpora- 
 tion under Contract 4 and the related Certificates, including the one 
 under which this determination is made. 
 
 The expenditures on account of New York Municipal Railway 
 Corporation prior to March 19, 1913, were of the kind covered by 
 the schedule just referred to and in particular, were made in ac- 
 quiring moneys in anticipation of the signing of the Contract and 
 the granting of the Certificates and for organization and prelim- 
 inary legal and engineering expenses. Inasmuch as the Railroads 
 authorized by this Certificate are not legalized, it was requested by 
 the New York Municipal Railway Corporation, and deemed proper 
 by the Commission, that these preliminary expenses be applied to 
 Reconstruction of Existing Railroads under Contract 4 for this 
 
"Prior" determination. This matter is covered by a stipulation be- 
 tween New York Municipal Eailway Corporation and the Commis- 
 sion, dated November 18, 1913, in which the principle of the sched- 
 ule above mentioned is confirmed and " In particular the Railway 
 Corporation agrees that the proportionate part of such items that 
 would properly be allocable to additional tracks and extensions (if 
 such consents had been obtained therefor) may be allocated tem- 
 porarily to Reconstruction of Existing Railroads for Initial Opera- 
 tion, and that when and as the necessary constitutional consents are 
 obtained for any additional tracks or extensions the Chief Engineer 
 may transfer from Reconstruction of Existing Railroads for Initial 
 Operation to the additional tracks or extensions for which such con- 
 sents shall have been obtained the amounts which otherwise would 
 have been allocated thereto in the first instance." 
 
 A complete copy of the above mentioned stipulation is hereto 
 annexed as an appendix. 
 
 Dated 
 
 November 24, 1913. 
 
 ALFRED CRAVEN, 
 
 Chief Engineer 
 Public Service Commission for the First District. 
 
APPENDIX. 
 
 Stipulation made this IStli day of November, 1913, by and between 
 the Public Service Commission for the First District, hereinafter re- 
 ferred to as the " Commission," and New York Municipal Railway Cor- 
 poration, hereinafter referred to as the " Railway Corporation." 
 
 Whereas acting under the provisions of the 
 
 (1) Contract dated March 19, 1913, between the City of New 
 York, acting by the Commission, and the Railway Corporation, 
 known as Contract No. 4, 
 
 (2) The certificate dated March 19, 1913, granted by the 
 Commission to the Railway Corporation for additional tracks, 
 and 
 
 (3) The certificate dated March 19, 1913, granted by the 
 Commission to the Railway Corporation for extensions. 
 
 The Chief Engineer of the Commission has rendered certain determina- 
 tions bearing date the 14th day of October, 1913, of the cost of con- 
 struction, cost of equipment, actual cost of plant and structure and 
 actual cost of equipment paid or accrued prior to March 19, 1913 ; and 
 
 Whereas, included in such determinations are various items of cost 
 not susceptible of specific allocation to the various lines and subdivi- 
 sions referred to in the contract and certificates, but which in such 
 determinations are allocated to such lines and subdivisions in accord- 
 ance with an empirical method of allocation; and 
 
 Whe7^eas, in accordance with such method of allocation portions of 
 such items have been allocated to lines or subdivisions for which the 
 necessary constitutional consents have not as yet been obtained ; and 
 
 Whereas such method of allocation was based in part upon the 
 suggestion that under the contract and certificates the Chief Engineer 
 was required to make in each determination a definite and final alloca- 
 tion of such items despite the fact that all allocations of such items 
 are necessarily subject to readjustment because of changing conditions 
 arising out of the prosecution of the work under said contract and 
 certificates ; and 
 
 Whereas, the Commission and the Railway Corporation recognise 
 the right of the Chief Engineer under said contract and certificates to 
 allocate such items in proper proportionate parts to various lines and 
 subdivisions for which the necessary constitutional consents shall 
 have been obtained and thereafter, from time to time, to reallocate 
 such items or portions thereof as may be necessary, so that as soon 
 as practicable there shall be allocated to each line and subdivision 
 its proper proportionate part of such items upon the basis of the rela- 
 tive cost applicable to such line or subdivision to the cost applicable 
 to the other lines and subdivisions as contemplated in said contract 
 and certificates: and 
 
Whereas, the Chief Engineer has expressed his willingness to with- 
 draw such determinations upon the request of the Commission and the 
 Railway Corporation; and 
 
 Whereas, the Commission and the Railway Corporation construe 
 the contract and certificates as giving such right of allocation and 
 reallocation to the Chief Engineer and enter into this stipulation not 
 for the purpose of varying or modifying any of the provisions of such 
 contract and certificates but for the purpose of regulating matters of 
 detail thereunder and to avoid possible future misunderstandings. 
 
 Now Therefore, the Commission and the Railway Corporation 
 hereby stipulate and agree as follows : 
 
 First: The Commission and the Railway Corporation hereby ex- 
 pressly recognize and confirm the right of the Chief Engineer under said 
 contract and certificates to allocate in proper proportionate parts to the 
 various lines and subdivisions for which the necessary constitutional con- 
 sents shall have been obtained all such items of cost as are not suscep- 
 tible of specific allocation, and thereafter, from time to time, to reallo- 
 cate such items in whole or in part as may be necessary, so that as soon 
 as practicable there shall be finally allocated to each such line and 
 subdivision no more and no less than its proper proportionate part of 
 such items upon the basis of the relative cost applicable to said line 
 or subdivision to the cost applicable to the other lines and subdivisions 
 as contemplated in said contract and certificates. 
 
 Second: In the case of lines or subdivisions for which the neces- 
 sary constitutional consents have not at the time of rendering any 
 determination been obtained, the Chief Engineer may allocate the pro- 
 portionate part of such items that otherwise would be allocable to such 
 lines or subdivisions, to other lines or subdivisions for which the neces- 
 sary constitutional consents have been obtained; and thereafter, when 
 and as the necessary constitutional consents are obtained, the Chief 
 Engineer may transfer the amounts so allocated from the lines or 
 subdivisions to which they have been allocated to the line or subdi; 
 vision for which such consents shall have been obtained, so that each 
 line or subdivision will bear its equitable and proper share of such 
 items. In particular the Railway Corporation agrees that the propor- 
 tionate part of such items that would properly be allocable to addi- 
 tional tracks and extensions (if such consents had been obtained there- 
 for) may be allocated temporarily to Reconstruction of Existing Rail- 
 roads for Initial Operation, and that when and as the necessary con- 
 stitutional consents are obtained for any additional tracks or extensions 
 the Chief Engineer may transfer from Reconstruction of Existing 
 Railroads for Initial Operation to the additional tracks or extensions 
 for which such consents shall have been obtained the amounts which 
 otherwise would have been allocated thereto in the first Instance. 
 
 Third: The Chief Engineer may withdraw the several determina- 
 tions bearing the date the 14th day of October, 1913, such withdrawal to 
 have the same force and effect as though such determinations had not 
 been rendered. 
 
 8 
 
Fourth: The time of the Chief Engineer to render the determina- 
 tions of cost of construction, cost of equipment, actual cost of plant 
 and structure and actual cost of equipment paid or accrued prior to 
 March 19, 1913, is hereby extended to and Including the 25th day of 
 November, 1913. 
 
 Fifth: This stipulation shall be without prejudice to any right 
 of the Commission or of the Railway Corporation under said contract 
 or certificates to object to any determinations of the Chief Engineer. 
 
 Sixth: This stipulation shall not apply to items of cost susceptible 
 of specific allocation, the intention being that the Chief Engineer shall 
 allocate all such items as are susceptible of specific allocation to the 
 particular lines or subdivisions to which they shall respectively belong. 
 
 Seventh: This stipulation shall continue in force and effect until 
 the beginning of Initial Operation under said contract. 
 
 In Witness Whereof the Commission has caused Its oflficial seal 
 to be hereto affixed and attested by its Secretary and this stipulation 
 to be signed by its Chairman, and the Railway Corporation has caused 
 its corporate seal to be hereto affixed and attested by its Secretary 
 and this stipulation to be signed by its President, all the day and year 
 first above written. 
 
 PUBLIC SERVICE COMMISSION FOR THE FIRST 
 DISTRICT, 
 
 [SEAL OF THE by Edwabd E. McCall, 
 
 COMMISSION] Chairman. 
 
 Attest : 
 
 Travis H. Whitney, 
 
 Secretary. 
 
 NEW YORK MUNICIPAL RAILWAY CORPORA- 
 TION, 
 
 [SEAL OF THE RAIL- by T. S. WiLLIAMS, 
 
 WAY CORPORATION] President. 
 
 Attest : 
 
 t\.A. Bullock, 
 
 Secretary. 
 
In tiie Matter 
 
 yiO, 
 
 OF THE 
 
 Determination of the Chief Engineer 
 of the Public Service Commission for 
 the First District under the contract, 
 dated JMarch 19, 1913, between The 
 City of New York, acting by the Pub- 
 lic Service Commission for the First 
 District, and New York Municipal 
 Railway Corporation, of the cost of 
 construction and cost of equipment of 
 the Railroad paid or accrued prior to 
 March 19, 1913. 
 
 Prior Determination 
 
 ''Railroad" 
 
 October 14, 1913. 
 
 In the Matter 
 
 OF THE 
 
 Determination of the Chief Engineer 
 of the Public Service Commission for . 
 the First District under the contract, \ 
 dated March 19, 1913, between the ; 
 City of New York, acting by the Pub- 
 lic Sersdce Commission for the First 
 District, and New York Municipal 
 Railway Corporation, of the cost of 
 Reconstruction of Existing liailroads, 
 paid or accrued i)rior to March 19, 
 1913. 
 
 Prior Determination 
 
 ''Reconstruction of 
 
 Existing Railroads. ' ' 
 
 October U, 1913.^ > 
 
 or ' 
 
 ,^ ^'^ 
 
 N. Y. M. E. D. Prior A 1 ,500-0. '13 (N) N. Y. M. E. D. Prior B 1.60CW), '13 (N) 
 
To the 
 
 Public Service Commission for the First District and 
 New York Municipal Railway Corporation: 
 
 Pursuant to the provisions of Contract 4 and the 
 certificates related thereto, under this date I am ren- 
 dering in detail my determinations of the costs paid or 
 accrued prior to March 19, 1913, separately with 
 respect to Contract 4 and each certificate. 
 
 These determinations, summarized, are for 
 
 Contract 4 Railroad: 
 Cost of Construction ------ $34,185,324.24 
 
 Cost of Equipment ------ 784,488.82 
 
 Total Cost of the Railroad - - - - $34,969,813.06 
 
 Contract 4 Reconstruction of Existing Railroads: 
 Cost of Construction ------ $392,244.39 
 
 Cost of Equipment ------ 130,748.13 
 
 Total Cost of Reconstruction of Exist- 
 ing Railroads ---.---- $522,992.52 
 
 Total Cost of Contract 4 - - - - - $35,492,805.58 
 
 Certificate for Additional Tracks: 
 Actual Cost of Plant and Structure - $261,676.11 
 Actual Cost of Equipment - - - - 
 
 Actual Cost of Plant and Property - $261,676.11 
 
 Certificate for Elevated Extensions: 
 Actual Cost of Plant and Structure - $196,257.08 
 Actual Cost of Equipment - - - - 196,257.09 
 
 Actual Cost of Plant and Property - $392,514.17 
 Total for Municipal Railway Corpora- 
 tion, Contract 4 and Certificates - $36,146,995.86 
 
 Dated New York, 
 
 October 14, 1913. 
 
 ALFRED CRAVEN, 
 
 Chief Engineer 
 Public Service Commission for the First District. 
 
In the Matter 
 
 OF THE 
 
 Determination of the Chief Engineer 
 of the Public Service Commission for 
 the First District under the contract, 
 dated March 19, 1913, between The 
 City of New York, acting by the Pub- 
 lic Service Commission for the First 
 District, and New York Municipal 
 Railway Corporation, of the cost of 
 construction and cost of equipment of 
 the Railroad paid or accrued prior to 
 March 19, 1913. 
 
 Prior Determination 
 
 *' Railroad" 
 
 October 14, 1913. 
 
To the 
 
 Public Service Commission for the First District, and 
 New York Municipal Railway Corporation: 
 
 Pursuant to the provisions of the contract dated March 19, 
 1913, between The City of New York, acting by the Public Ser- 
 vice Commission of the First District, and New York Municipal 
 Kailway Corporation, know^n as Contract No. 4, and in accord- 
 ance with the terms of Article XXIX thereof, I hereby render 
 my determination of the ''Cost of Construction" and the "Cost 
 of Equipment" of the Railroad paid or accrued prior to March 
 19, 1913. 
 
 For the Railroad, 
 
 The Cost of Construction (Article II, Subdivision 14) is as 
 follows : 
 
 (1 ) Labor and materials $25,406,350.87 
 
 (2) Real estate 2,607,748.59 
 
 (3) Debt discount and expense 7,845.04 
 
 (4) City's expenses for superintendence, etc 2,226,301.25 
 
 (5) Lessee's expenses for superintendence, etc. . . . 46,071.06 
 
 (6) Taxes 250.00 
 
 (7 ) Interest 3,890,757.43 
 
 Total $34,185,324.24 
 
 The Cost of Equipment for Initial Operation (Article II, 
 Subdivision 15) is as follows: 
 
 (1) Labor and materials 
 
 (2) Real estate 
 
 (3) Debt discount and expense $9,414.05 
 
 (4) Superintendence, etc 55,285.27 
 
 (5) Taxes 300.00 
 
 (6) Interest 719,489.50 
 
 Total $784,488.82 
 
 Total Cost of Construction and Cost of Equipment $34,969,813.06 
 
 3 
 
Each of the seven parts of the Cost of Construction and the 
 six parts of the Cost of Equipment is taken up hereafter in 
 its order. They are shown as appHed to the several portions, 
 or hues, of the Railroad. The City's share and the Lessee's con- 
 tribution to Cost of Construction are shown separately, and 
 represent actual expenditures chargeable to the respective lines, 
 and the sum of the City's share and the Lessee's contribution 
 as tabulated above represents the actual and necessary cost. 
 
 It is necessary to keep separate the City's share and the 
 Lessee's contribution as to parts of the Railroad in order to 
 provide a basis for computing deductions from revenue in the 
 case of temporary operation (Article XLIX, Subdivision 7, and 
 Article LII). It is also necessary to separate the cost of con- 
 struction and cost of equipment into lines of the Railroad to 
 accord with the provisions of the contract relative to recaption. 
 
 The records of costs, from which this determination is made, 
 are kept in such detail that the cost of any principal part of the 
 Railroad may be identified so that in case of its retirement or 
 withdrawal from service, the said cost may be withdrawn from 
 the appropriate depreciation fund as provided under Article 
 XLIX, Subdivision 5. A summary of these records is given in 
 an appendix. The Uniform System of Accounts as prescribed 
 by the Public Service Commission is followed for this purpose. 
 
COST OF CONSTRUCTION 
 
 Labor and ' ' ( 1 ) The actual and necessary net 
 
 materials. cost in money of all labor and materials 
 
 entering into Construction." Section 11 
 of Article II says: ''The word 'Construction' to mean 
 all work of constructing the Railroad including the doing 
 of work, the providing of materials, the restoration and 
 reconstruction of street surfaces, sewers, and all surface, 
 subsurface and overhead and abutting structures inter- 
 fered with during the building of the Railroad and all 
 other work to be done or materials to be furnished of 
 every nature whatsoever necessary to the completion of 
 the railroad structure, all tracks (meaning thereby the 
 track structure complete, including all ballast, ties, con- 
 crete, rails, special work, spikes, joints, bolts, tie plates, 
 and all other material or apparatus necessary to build the 
 track, but not including electrical or signal material or 
 apparatus), together with all real estate and interests 
 therein necessary to be acquired or extinguished for the 
 purpose of constructing and operating the Railroad." 
 
 The cost of 
 
 (1) Labor and materials for such specified portions, or lines, 
 of the Railroad is as follows : 
 
 Lessee 's 
 City's Share Contribution Total 
 (I) B 'way -Fourth 
 
 Ave. Line.... $25,352,089.24 $54,261.63* $25,406,350.87 
 (II) Culver Line . . 
 
 (III) Fourteenth St.- 
 
 Eastern Line 
 
 Total cost for Labor 
 and materials pur- 
 suant to the con- 
 tract for the period 
 prior to March 19, 
 1913 $25,352,089.24 $54,261.63 $25,406,350.87 
 
 *NoTE. Certified estimates for work done under modifying- agreement on 
 Construction Contract for Route 5, Sec. 3, which amount, pursuant to Art. XI 
 of Contract 4, is payable by the Lessee as Cost of Canal Street physical 
 connection. 
 
 (For details, see pp. 16 to 34 post.) 
 
 5 
 
Real estate. ''(2) The actual and necessary net 
 
 cost in money of any real estate or interest 
 therein acquired or extinguished for Construction, in- 
 eluding terminals, storage yards and shops, together with 
 the actual and necessary expense in connection with such 
 acquisition or extinction, but there shall not be included 
 in the term 'real estate or interest therein' any damages 
 the City may have to pay for acquiring rights or ease- 
 ments for the Railroad in streets under the principles of 
 the decision in Matter of Board of Rapid Transit Rail- 
 road Commissioners (Joralemon Street), 197 N. Y. 81. 
 There shall be included, however, damages the City may 
 have to pay for extinguishing rights of light, air and 
 access in connection with the construction of the elevated 
 portions of the Railroad. " 
 
 The cost of 
 
 (2) Real estate for such specified portions, or lines, of the 
 Railroad is as follows : 
 
 Lessee 's 
 City's Share Contribution Total 
 (I) B'way - Fourth 
 
 Ave. Line... $2,607,748.59 $2,607,748.59 
 
 (II) Culver Line. . . . 
 
 (III) Fourteenth St.- 
 
 Eastern Line. 
 
 Total cost for real es- 
 tate pursuant to 
 the Contract prior 
 to March 19, 1913. $2,607,748.59 $2,607,748.59 
 
 (For details, see pp. 34 to 36 post.) 
 ' 6 
 
Debt discount "(3) The debt discount and expense 
 
 and expense. in connection with Construction, pro- 
 vided, however, that the debt discount 
 and expense (except in case of Additions) 
 shall not exceed an amovint equal to three percentum 
 (3%) of the part of the cost of construction borne by the 
 Lessee, including the cost under this paragraph (3)." 
 
 The cost of 
 
 (3) Debt discount and expense for such specified portions, 
 or lines, of the Railroad is as follows : 
 
 Lessee 's 
 Contribution 
 
 (I) Broadway-Fourth Avenue Line $6,276.03 
 
 (II) Culver Line 392.25 
 
 (III) Fourteenth St.-Eastern Line 1,176.76 
 
 Total cost for Debt discount and expense pursuant 
 
 to the Contract, prior to March 19, 1913 $7,845.04 
 
 (For details, see pp. 43 to 45 post.) 
 
 7 
 
City's expense for ''(4) The actual and necessary 
 
 superintendence, etc. net cost in money to the City for 
 superintendence, insurance, damages, 
 engineering, and legal expenses and administration in and 
 about Construction and Equipment, and in and about the 
 plant and property constructed and provided under the 
 certificates for extensions and additional tracks herein- 
 before referred to, including in respect of the cost of con- 
 struction the expenses above referred to in this paragraph 
 actually and necessarily incurred or payable by the City 
 in and about the Construction and Equipment (and such 
 construction and provision of the plant and property of 
 such extensions and additional tracks) prior to the date 
 of this contract." 
 
 The cost of 
 
 (4) City's expense for superintendence, etc., for such specified 
 portions of the Railroad and about the plant and property con- 
 structed and provided under certificates and also in and about 
 the reconstruction of existing railroads is as follows: 
 
 (I) Broadway-Fourth Avenue Line $2,164,018.01 
 
 (II) Culver Line 11,525.33 
 
 (III) Fourteenth St.-Eastern Line 40,196.38 
 
 *(IV) Reconstruction of Existing Railroads 5,280.78 
 
 (V) Additional Tracks provided under certificate. . 2,112.30 
 (VI) Elevated Extensions provided under certifi- 
 cate 3,168.45 
 
 Total cost for City's expense for superintendence, 
 
 etc., prior to March 19, 1913 $2,226,301.25 
 
 The above determination includes only expenditures of the City's money 
 by the Public Service Commission for the First District, and its predecessor, 
 the Board of Rapid Transit Railroad Commissioners. 
 
 * Note : This item is not specifically covered by the definition above 
 quoted. {See Appendix.) 
 
 (For details, see pp. 37 to 38 post.j 
 8 
 
Lessee 's expense for ''(5) The actual and necessary 
 
 superintendence, etc. net cost in money to the Lessee for 
 superintendence, insurance, dam- 
 ages, administration, engineering and legal expenses in 
 and about Construction including in respect of the cost 
 of construction for initial operation the expenses above 
 referred to in this paragraph actually and necessarily 
 incurred or payable by the Lessee in and about Con- 
 struction prior to the date of this contract and in addi- 
 tion the actual and necessary expense incurred or pay- 
 able by the Lessee in printing, engraving and certifying 
 securities for Construction and the actual and necessary 
 ('xpense in organizing the Lessee." 
 
 The cost of 
 
 (5) Lessee's expense for superintendence, etc., for such spec- 
 ified portions, or lines, of the Railroad is as follows : 
 
 Lessee's 
 Contribution 
 
 (I) Broadway-Fourth Avenue Line $36,856.85 
 
 r (II) Culver Line 2,303.55 
 
 (III) Fourteenth St.-Eastern Line 6,910.66 
 
 Total cost for Lessee's expense for superintendence, 
 etc., pursuant to the Contract, prior to March 19, 
 ^ 1913 $46,071.06 
 
 (For details, see pp. 43 to 47 post.) 
 9 
 
Taxes. " (6) Taxes, assessments or other gov- 
 
 ernmental charges (including mortgage 
 recording tax) of every description against the Lessee 
 actually and necessarily paid or accrued in and about 
 Construction pending the beginning of operation of the 
 part of the Railroad as to which such taxes, assessments 
 or other governmental charges were paid or accrued. 
 During operation such assessments for benefits as are not 
 properly chargeable against revenue shall be charged to 
 cost of construction." 
 
 The cost of 
 
 (6) Taxes for such specified portions, or lines, of the Rail- 
 road is as follows: 
 
 Lessee's 
 Contribution 
 
 (I) Broadway-Fourth Avenue Line $200.00 
 
 (II) Culver Line 12.50 
 
 (III) Fourteenth St.-Eastern Line 37.50 
 
 Total cost for Taxes pursuant to the Contract, prior to 
 
 March 19, 1913 $250.00 
 
 (For details, see pp. 43 to 47 post.) 
 10 
 
Interest. '' (7) Interest actually and necessarily 
 
 paid or accrued on moneys provided by 
 the City or by the Lessee or on its behalf from time to 
 time for the items of this definition from the respective 
 times of providing said moneys (but not including interest 
 on any moneys provided by the licssee or on its behalf 
 prior to October 1, 1912) to the beginning of operation 
 of the part of the Railroad for which such moneys were 
 provided, less any interest received by the City or by the 
 Lessee or on behalf of the Lessee on such moneys." 
 
 ''In case any portion of the cost of construction borne 
 by the City shall be met by other than corporate stock 
 or other long term interest bearing securities, the same 
 shall be deemed to bear interest at the rate specified in the 
 last then preceding sale by the City of corporate stock or 
 other long term interest bearing securities." 
 
 The cost of 
 
 (7) Interest for such specified portions, or lines, of the Rail- 
 road is as follows : 
 
 City's Lessee's 
 
 Share Contribution Total 
 
 (I) B'way - Fourth 
 
 Ave. Line... $3,286,756.62 $479,659.66 $3,766,416.28 
 
 (II) Culver Line. .. 
 
 419.37 
 
 29,978.73 
 
 30,398.10 
 
 (Ill) Fourteenth St.- 
 
 
 
 
 Eastern Line. 
 
 3,671.76 
 
 89,936.18 
 
 93,607.94 
 
 (IV) Reconstruction 
 
 
 
 
 f Existing 
 
 
 
 
 Railroads .... 
 
 167.55 
 
 
 167.55 
 
 (V) Additional 
 
 
 
 
 Tracks 
 
 67.03 
 
 
 67.03 
 
 (VI) Elevated Exten- 
 
 
 
 
 sions 
 
 100.53 
 
 
 100.53 
 
 Total cost for Interest 
 
 
 
 
 pursuant to the Con- 
 
 
 
 
 tract prior to March 
 
 
 
 
 19, 1913 
 
 $3,291,182.86 
 
 $599,574.57 
 
 $3,890,757.43 
 
 (For details, see pp. 38 to 41 and 48 to 49 post.) 
 11 
 
COST OF EQUIPMENT 
 
 Debt discount ''(3) The debt discount and expense 
 
 and expense. in connection with Equipment, provided, 
 however, that the debt discount and ex- 
 pense (except in case of Additions) shall not exceed an 
 amount equal to three per centum (3%) of the cost of 
 equipment for initial operation, including the cost under 
 this paragraph (3) 
 
 J ? 
 
 The cost of 
 
 (3) Debt discount and expense for such specified portions, 
 or lines, of the Railroad is as follows : 
 
 (I) Broadway-Fourth Avenue Line $7,060.53 
 
 (II) Culver Line 1,412.11 
 
 (III) Fourteenth St.-Eastern Line 941.41 
 
 Total cost for Debt discount and expense pursuant 
 
 to the Contract, prior to March 19, 1913 $9,414.05 
 
 (For details, see pp. 43 to 47 post.) 
 12 
 
Superintend- "(4) The actual and necessary net 
 
 ence, etc. cost in money to the Lessee for superin- 
 
 tendence, insurance, damages, administra- 
 tion, engineering and legal expenses in and about the 
 provision of the Equipment, including in respect of the 
 cost of equipment for initial operation the expenses above 
 referred to in this paragraph actually and necessarily 
 incurred or payable by the Lessee in and about Equip- 
 ment prior to the date of this contract, and in addition 
 the actual and necessary expense incurred or payable by 
 the Lessee in printing, engraving and certifying securi- 
 ties for Equipment and the actual and necessary expense 
 in organizing the Lessee. ' ' 
 
 The cost of 
 
 (4) Superintendence, etc., for such specified portions, or 
 lines, of the Railroad is as follows : 
 
 (I) Broadway-Fourth Avenue Line $41,463.96 
 
 (II) Culver Line 8,292.79 
 
 (III) Fourteenth St.-Eastern Line 5,528.52 
 
 Total cost for Superintendence, etc., pursuant to the 
 
 Contract, prior to March 19, 1913 $55,285.27 
 
 (For details, see pp. 43 to 47 
 13 
 
Taxes. '' (5) Taxes, assessments or other gov- 
 
 ernmental charges (including mortgage 
 recording tax) of every description against the Lessee 
 actually and necessarily paid or accrued in and about the 
 provision of the Equipment pending the time when the 
 portions of the Equipment as to which such taxes, assess- 
 ments or other governmental charges were paid or ac- 
 crued are placed in operation. During operation such 
 assessments for benefits as are not properly chargeable 
 against revenue shall be charged to cost of equipment." 
 
 The cost of 
 
 (5) Taxes for such specified portions, or lines, of the Rail- 
 road, is as follows : 
 
 (I) Broadway-Fourth Avenue Line $225.00 
 
 (II) Culver Line 45.00 
 
 (III) Fourteenth St.-Eastern Line 30.00 
 
 Total cost for Taxes pursuant to the Contract, prior 
 
 to March 19, 1913 $300.00 
 
 (For details, see pp. 43 to 47 post.) 
 14 
 
Interest. '' (6) Interest actually and necessarily paid 
 
 or accrued on moneys provided by the Lessee or 
 on its behalf from time to time for the items of this defini- 
 tion from the respective times of providing said moneys 
 (but not including interest on any moneys provided by 
 the Lessee or on its behalf prior to October 1, 1912) to 
 the beginning of operation of the part of the Equipment 
 for which such moneys were provided, less any interest 
 received by the Lessee or on its behalf on such moneys." 
 
 The cost of 
 
 (6) Interest for such specified portions, or lines, of the Rail- 
 road is as follows : 
 
 (I) Broadway-Fourth Avenue Line $539,617.12 
 
 (II) Culver Line 107,923.43 
 
 (III) Fourteenth St.-Eastern Line 71,948.95 
 
 Total cost for Interest pursuant to the Contract, prior 
 
 to March 19, 1913 $719,489.50 
 
 (For details, see pp. 48 to 49 post ) 
 15 
 
APPENDICES EXPLANATORY OF THE ABOVE 
 DETERMINATIONS. 
 
 Labor and ''Labor and materials" means the cost of con- 
 
 materials, striicting the Railroad by sections under the sev- 
 
 eral construction contracts which have either 
 been entered into or may be entered into from time to time. 
 These construction contracts cover the prosecution of the con- 
 struction work and payment therefor. Each month the various 
 contractors executing the contracts are paid upon the basis of 
 monthly estimates certified to by me. The aggregate of these 
 monthly estimates represents the cost of labor, and materials 
 entering into construction. These monthly estimates are cus- 
 tomarily made as of the last day of the month and cover the 
 cost of construction as of such date. The estimates are identified 
 by numbers, which indicate the serial order in which such esti- 
 mates have been made. 
 
 Article XXIX requires the Chief Engineer to determine the 
 cost of construction paid or accrued prior to the date of the 
 contract. Therefore, this covers the cost to and including 
 March 18, 1913. For this reason it has been assumed that 
 18/31sts of the March construction contract regular estimates 
 accrued prior to March 19, 1913, leaving 13/31sts of such certi- 
 fied estimates to be entered into the cost of construction for the 
 first quarterly determination. This is the most satisfactory 
 method of dividing the labor and material costs for March as 
 between the prior determination and the quarterly determination. 
 
 Since the labor and^ material is based upon the section 
 contract for construction, as already explained, it has been 
 considered advisable to subdivide the labor and material deter- 
 mination by sections. Also a certain arnount of subdivision 
 IS desirable so that if the Commission should declare any part 
 of the Railroad ready for operation, as provided under Article 
 LII of the contract, the cost of such part to be used as a basis 
 for the distribution of revenue could be readily determined. 
 Exactly what parts might be declared ready for operation it is 
 hardly feasible to say at this time. The construction contract 
 is a reasonable unit to keep identified so that any combination 
 may be made as required. Therefore, 
 
 (1) The cost of labor and material as included in this 
 determination for the cost of construction paid or accrued prior 
 to March 19, 1913, by sections and estimates is as follows: 
 
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 33 
 
The Roman figures under the column ''Certified Under" 
 refer to article numbers in the construction contracts. Article 
 
 XI covers work susceptible of classification which is certified 
 to under the regular estimates at the regular unit prices. Article 
 
 XII covers work not susceptible of classification for which special 
 estimates are made. The words ''regular" and "extra" are 
 used (in the column "Certified Under") in the case of the older 
 construction contracts. These were let on terms different 
 from the newer ones in that the contract was for a 
 lump sum subject to modification as in the respective contracts 
 provided. "Regular" refers to payments made of the lump 
 sum value of the contract and the monthly payments are made 
 relative to the said contract value of the entire work. "Extra" 
 refers to payments made for the work done under modification 
 of the respective contracts. All "regular" estimates and esti- 
 mates for "extra" work submitted regularly (the older con- 
 struction contracts) are included in the determination as ac- 
 cruing on the last day of the month which they cover. Special 
 estimates covering scattered work prosecuted at various times 
 are considered as having accrued on the date on which the esti- 
 mate is certified. 
 
 The detailed plans for construction of some of the older sec- 
 tion contracts provide for pipe galleries, and separate contracts 
 for such galleries accompanied the contracts for construction of 
 the railroad. The definition of construction covers the restora- 
 tion and reconstruction of street surfaces, sewers and of surface, 
 subsurface and overhead and abutting structures interfered with 
 in the building of the railroad, and all other work to be done or 
 materials to be furnished of every nature whatsoever, necessary 
 to the completion of the railroad structure (Chapter II of said 
 construction contract). The cost of pipe galleries does not come 
 within this definition and is therefore not included in the deter- 
 mination. 
 
 Real estate. "Real estate" means, as represented by the 
 
 amounts which have entered into this determina- 
 tion, the disbursements as reported by the Auditor of the Public 
 Service Commission, covering the following necessary expendi- 
 tures in the acquisition of properties, easements, and leases : 
 
 Compensation of Commissioners of appraisal, consulting 
 engineers, experts of appraisal of lands, buildings, machinery, 
 etc. ; clerical, stenographic and photographic services rendered to 
 
 34 
 
the commissioners of appraisal, printing and supplies for the 
 same; advertising of notices of the several authorities; fees for 
 examining and insuring titles; payments and awards together 
 with the credit of proceeds from the rental and sales of buildings 
 and lands. 
 
 As in the case of labor and materials, a certain amount of sub- 
 division is desirable and is given in the following tabulation: 
 
 (2) Real estate represented by City's expense as included in 
 this determination for the Cost of Construction for the period 
 prior to March 19, 1913, is as follows : 
 
 35 
 

 1-1 eo o CD 
 
 ??SS^ 
 
 
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 5549,958. 
 
 8,954. 
 
 26,161. 
 
 ,586,756. 
 
 819.230, 
 
 
 
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 36 
 
City's expenses The City's expenses for superintendence, 
 
 for superintendence, etc., means, as represented by the amounts 
 which have entered into this determination 
 a portion of the payroll of the Engineering Department, determined 
 partly from the time records as being chargeable to cost of con- 
 struction and partly from other information available in the files 
 of the Chief Engineer's office; also a portion of the payrolls of 
 the Secretary's office and the other departments of the Com- 
 mission, estimated as being chargeable to this work; also employes' 
 disbursements; stationery, supplies and printing; rental; tele- 
 phone and telegraph ; furniture and fixtures; instrument supplies; 
 maps, plans, prints and photo supplies, etc. It includes also 
 the cost of test borings. A proportion of these disbursements 
 other than salaries was charged to the several lines on the basis 
 of the salary charges. 
 
 Besides the expenditures mentioned in the preceding paragraph 
 as made by the Public Service Commission there has been added 
 the value of the work done by the Board of Rapid Transit Railroad 
 Commissioners prior to July 1st, 1907, so far as such work has 
 been incorporated in the Dual System. This work consists of 
 base lines, bench levels, surface topography (field and office work), 
 sub-surface topography including cross-sections (field and office 
 work), test borings, administrative and legal expenses, rent, 
 supplies, etc. It includes designs for the Centre Street Loop 
 and the Fourth Avenue Brooklyn Subway. 
 
 The expenditures by the Public Service Commission during 
 the years 1907 to 1910 inclusive were for the most part taken 
 from the records made for the purpose of the legislative report 
 known as the Carlisle investigation. Of the Tri-Borough Route 
 there reported, 29 per cent, is incorporated in the Broadway- 
 Fourth Avenue Line. The Brooklyn Loop Line and the Fourth 
 Avenue subway were taken in their entirety. To these costs 
 has been added a proper percentage of rent, supplies, of the 
 Engineering Department and of administrative and legal ex- 
 penses, etc. 
 
 For the year 1911 the charges to each line were arrived at by 
 estimation. 
 
 During the year 1912, from January to May inclusive, the 
 charges of the Engineering Department to the respective lines 
 were arrived at by estimation; for June to December inclusive 
 the charges are the result of records made up from time reports 
 as to the field divisions and from partial time reports as to the 
 
 37 
 
designs division. An estimated amount was added for the Legal 
 and other departments of the Commission. 
 
 For the year 1913 up to March 18th same conditions ruled 
 as for June to December, 1912. 
 
 Although the item for the Reconstruction of Existing Railroads 
 (IV) is not specifically included in ''City's Expenses for Super- 
 intendence, etc./' under the Cost of Construction of the Railroad, 
 its determination is provided for in Article XIII of Contract 4. 
 
 Interest on moneys Interest on moneys provided by the 
 
 provided by the City. City has been computed in four parts : 
 First, interest actually paid on corporate 
 stock and notes, less credit of interest on bank balances; Second, 
 interest computed on corporate stock interest ''deemed to bear 
 interest at the rate specified in the last then preceding sale by the 
 City of corporate stock"; Third, interest on City's expenses for 
 superintendence, etc., "deemed to bear interest at the rate 
 specified in the last then preceding sale by the City of corporate 
 stock"; Fourth, credit of interest computed on proceeds received 
 from the sale and from the use of real estate, "deemed to bear 
 interest at the rate specified in the last then preceding sale by 
 the City of corporate stock." 
 
 The interest actually paid on corporate stock has been reported 
 to the Public Service Commission by the Comptroller in a statement 
 under date of September 30th, 1913, which gives details of moneys 
 provided for the Centre Street Loop Lines, for the Fourth Avenue 
 subway and for the Broadway-Lexington Avenue Route. This 
 statement gives the amounts provided by notes prior to the sale of 
 corporate stock and that provided by the sale of corporate stock 
 with the dates thereof, the total interest payable at the several 
 interest dates and the credit of interest on bank balances, also 
 the allotments as the money was used. 
 
 It was necessary to divide the interest of the Broadway- 
 Lexington Avenue Route into three portions; First, That portion 
 embodied in the Broadway-Fourth Avenue Line ; Second, That por- 
 tion included in the Lexington Avenue branch of the Seventh Ave- 
 nue-Lexington Avenue Line; Third, That portion involved by con- 
 tract section 6 of Route 5, which is not a part of the Dual System. 
 To do this the following assumption was made. The interest 
 on the total of the allotted amounts at each interest date was 
 divided on the basis of the total monthly estimates to each 
 respective date. The following are the ratios used: 
 
 38 
 
To To To To 
 
 Mar. 1, Sept. 1, Mar. 1, Mar. 18, 
 
 Line 1912 1912 1913 1913 
 
 Per Cent. Per Cent. Per Cent. Per Cent. 
 Broadway - Fourth 
 
 Avenue 0.33 15.79 24.31 24.31 
 
 Lexington Avenue 
 
 Branch 81.91 79.57 73.74 73.74 
 
 Ehminated 17.76 4.64 1.95 1.95 
 
 100.00 100.00 100.00 100.00 
 
 Interest on unallotted amounts was assumed to be chargeable 
 proportionately to the sum of the contract value of each contract 
 section, divided by the number of months required to complete, 
 giving the following ratios; applied up to June 1st, 1912: 
 
 Per Cent. 
 
 Broadway-Fourth Avenue Line 15.93 
 
 Lexington Avenue Branch 72 . 37 
 
 Eliminated 11.70 
 
 100.00 
 
 For the period subsequent to June 1st, 1912, we get 
 
 Broadway-Fourth Avenue Line 18 . 05 
 
 Lexington Avenue Branch 81 . 95 
 
 Eliminated 
 
 100.00 
 
 Before applying these ratios the interest chargeable on ex- 
 penditures for real estate was deducted. The application of 
 the above ratios gives an interest charge to the Broadway- 
 Fourth Avenue Line, as follows: 
 
 Broadway Portion of Broadway-Lexington Avenue 
 
 Route, Corporate Stock Interest 
 
 TO March 19, 1913. 
 
 Corporate Stock Interest actually paid or accrued . . $68,347 . 83 
 Interest on same at 4i per cent 524 . 57 
 
 Total Interest Chargeable to Cost of Con- 
 struction $68,872.40 
 
 39 
 
It was necessary to reduce the interest reported by the Comp- 
 troller as paid on account of the Centre Street Loop Lines by 
 an amount chargeable to the construction of pipe galleries. To 
 do this the ratio of expenditures to March 19th on pipe galleries 
 to the total expenditures on railroad and pipe galleries was applied 
 to the total interest charge. The ratio was 1.92 per cent. 
 Before applying this ratio deduction was made of the interest 
 computed on payments made for real estate. The following 
 table shows the correction: 
 
 Center Street Loop-^Interest to March 19, 1913 
 
 Corporate stock interest 
 actually paid or ac- 
 crued $1,744,306.50 
 
 Interest on same at 4} 
 
 per cent 139,556.87 
 
 $1,883,863.37 
 
 Interest on Real Estate ($2,991,062.55) 
 
 (compounded) at 4i per cent. . . . 290,253.26 $290,253.26 
 
 $1,593,610.11 
 Deduct 1 . 20 per cent, for pipe galleries 19,123 . 32 
 
 1,574,486.79 
 
 Total Interest on Railroad and Real Estate $1,864,740.05 
 
 Credit Interest on Proceeds from Real Estate 
 
 ($753,775.04) at 4| per cent 75,748.33 
 
 Total Interest Chargeable to Cost of Con- 
 struction $1,788,991 .72 
 
 40 
 
The same was the case with the Fourth Avenue, Brooklyn, 
 subway. The ratio in this case was 1 . 20 per cent. The following 
 table shows the correction: 
 
 Fourth Avenue Subway Interest to March 19, 1913. 
 
 Corporate Stock Interest 
 actually paid or ac- 
 crued $1,124,399.87 
 
 Interest on same at 4| 
 
 per cent 43,023.45 
 
 $1,167,423.32 ^ 
 
 Interest on Real Estate ($386,297.69) 
 
 (compounded) at 4 J per cent 25,831.09 
 
 $25,831.09 
 
 Net interest chargeable to Railroad 
 
 and pipe galleries $1,141,592.23 
 
 Deduct 1.92 per cent, for pipe gal- 
 leries 21,918.57 
 
 1,119,673.66 
 
 Total Interest on Railroad and Real Estate $1,145,504.75 
 
 Credit Interest on Proceeds from Real Estate 
 
 ($15,836.61) at 4i per cent 1,580.56 
 
 Net Interest Chargeable to Cost of Construction.$l, 143,924. 19 
 
 Moneys provided by other than corporate stock or corporate 
 stock notes is "deemed to bear interest at the rate specified in 
 the last then preceding sale by the City of corporate stock or 
 other long term interest bearing securities." The ruling rate 
 from 1910 to date has been 4i per cent. The rate of interest 
 on corporate stock sold prior to 1910 averaged very close to 4i 
 per cent., and the same rate of 4i per cent, therefore has been 
 applied to all disbursements. Inasmuch as the exact date of the 
 disbursements for City's expenses for superintendence on which 
 interest has been computed is not known, it has been assumed 
 that the expenditures for six months, as July 1st to December 
 31st inclusive, were made at the middle day of the period, that 
 is, September 30th, and interest has been computed from such 
 date. 
 
 A summary of all interest on moneys provided by the City 
 follows : 
 
 41 
 
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 42 
 
Lessee's When there are expenditures of an executive 
 
 expenditures and administrative nature it is impossible to al- 
 generally. locate them to specific construction work. Such 
 
 expenditures made by the New York Municipal 
 Railway Corporation prior to the date of the contract have been 
 distributed among the several lines affected in each particular 
 case, on the basis of relative estimated costs. The percentages of 
 these relative costs are given in the tabulation immediately fol- 
 lowing which represents the understanding with respect thereto 
 between representatives of New York Municipal Railway Cor- 
 poration and myself. 
 
 43 
 
2 
 
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 44 
 
This understanding is subject to modification by me at any- 
 time that the facts indicate it should be modified. It covers all 
 of the work provided to be done by the New York Municipal 
 Railway Corporation under Contract No. 4 and the related certi- 
 ficates, including their contribution to the City's Railroads. 
 
 The amounts appearing in this determination as Lessee 's con- 
 tribution to the cost of construction and of cost of equipment 
 are all of them the result of the application of the above men- 
 tioned percentage distribution. 
 
 Debt discount All of the expenditures to cost of construc- 
 
 and expense. tion items (3) Debt discount and expense,! (5) 
 Lessee's expense of superintendence, (6) Taxes; 
 Lessee 's and to cost of equipment items (3) Debt discount 
 
 expense for and expense, (4) Superintendence, etc., (5) 
 superintend- Taxes, are represented by a bill for ''expendi- 
 ence, etc. tures between February, 1911, and March 19, 
 
 1913, in and about rapid transit matters culmin- 
 Taxes. ating in the contracts dated March 19, 1913, be- 
 
 tween the City of New York, by the Public Ser- 
 vice Commission for the First District and the New York ]\Tuni- 
 cipal Railway Corporation said expenditures being represented 
 by vouchers submitted for inspection and examination and cover- 
 ing preliminary enginering, legal and administrative disburse- 
 ments, organization of the New York Municipal Railway Cor- 
 poration, printing, advertising, engraving, certification of secur- 
 ities, etc., etc., but not including interest on moneys provided" 
 for the amount of $217,114.00, which gives the following details ; 
 
 45 
 
O CO 
 
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 46 
 
The full amount of this bill was distributed in accordance 
 with the understanding after having been investigated by the 
 Commission's Bureau of Statistics. Of the ''Organization" 
 charges $1,000.00 is entered under contract and certificate item 
 ''Taxes/' the remainder under "Superintendence, etc." Of the 
 "Other Intangible Capital" (including administrative salaries, 
 legal expenses, miscellaneous), and of engineering and superin- 
 tendence, the full amount is entered under "Superintendence, 
 etc." Of the "Right of Way" the full amount is entered under 
 "Real estate" and of "unamortized debt discount and ex- 
 penses" the full amount is entered under "Debt discount and 
 expense." 
 
 47 
 
Interest. All of the expenditures to Lessee's contribu- 
 
 tion to cost of construction item (7) Interest, and 
 to cost of equipment item (6) Interest, in this determination are 
 represented by a bill presented by the New York Municipal Rail- 
 way Corporation as f oIIoays : 
 
 ''85 Clinton St., Brooklyn, N. Y., 
 
 March 19, 1913. 
 New York Municipal Railway Corporation, 
 
 To BROOKLYN RAPID TRANSIT COMPANY, Dr. 
 
 Comptroller's Bill re. 
 
 Month Mar., 1913. 
 6% interest paid on $40,000,000.00 
 par value 6 year 5% notes sold for 
 your account pursuant to agree- 
 ment of October 1, 1912, to equal 
 
 6% per annum basis ^2,400,000.00 
 
 Discount 409,200.00 
 
 Net Interest Payment ! $1,990,800.00 
 
 Interest paid on $40,000,000.00 par 
 
 value notes 
 October 1, 1912, to December 31, 1912. 500,000.00 
 
 Less 3% on balances 287,380.00 212,619.20 
 
 Interest accrued on $40,000,000.00 par 
 
 value notes 
 January 1, 1913, to March 19, 1913.. . 433,333.33 
 
 Less 3% on balances 241,253.73 192,079.60 
 
 Interest on amount ($212,619.20) ad- 
 vanced December 31, 1913, to pay 
 January 1, 1913, Interest on notes 
 to March 19, 1913 2,799.49 
 
 $2,398,298.29 
 
This bill was before the Commission and was acted on by them 
 under date of June 30, 1913, in the following resolution : 
 
 "Resolved, That the said item of $2,398,298.29, being 
 the amount incurred by Brooklyn Rapid Transit Com- 
 pany in behalf of New York Municipal Railway Corpora- 
 tion as set forth in the above bill, be and it hereby is 
 deemed to be interest actually and necessarily paid or 
 accrued on moneys paid by New York Municipal Railway 
 Corporation or on its behalf from time to time prior to 
 March 19, 1913, within the term 'interest,' as the same 
 is defined in subdivision 7 of paragraph 14 and subdivision 
 6 of paragraph 15 of contract between tlie City of New 
 York, by the Public Service Commission for the First 
 District, with New York Municipal Railway Corporation, 
 upon the express stipulation and condition that there shall 
 be deducted from the cost of construction and from the 
 cost of equipment an amount equal to one per cent (1%) 
 per annum, payable semi-annually upon the cost of such 
 construction and equipment, computed from the date when 
 said construction or equipment is placed in operation to 
 July 1, 1918." 
 
 The amount of this bill has been distributed in accordance 
 with the said understanding. 
 
 49 
 
UNIFORM SYSTEM OF ACCOUNTS 
 
 The details of the Costs hereinbefore set forth should be 
 classified in accordance with the Uniform System of Accounts 
 prescribed for street and electric railways by the Public Service 
 Commission in its order of December 8, 1908, as follows: 
 
 For the Railroad. 
 
 The Cost of Construction is as follows : Lessee 's 
 
 City's Share. Contribution. 
 Intangihle Street Railway Capital: 
 
 Organization S398.45 
 
 Other Intangible Street Railway 
 
 Capital 29,377.84 
 
 Land : 
 
 Right of Way $2,607,748.59 
 
 Road and Electric Line: 
 
 Tunnels 25,352,089.24 54,261.63 
 
 Undistrihuted Construction Expenditures: 
 
 Engineering and Superintendence. . 1,920,437.46 16,544.77 
 Law expenditures during construc- 
 tion 106,639.47 
 
 Interest during construction 3,291,182.86 599,574.57 
 
 Miscellaneous construction expen- 
 ditures 199,224.32 
 
 Suspense : 
 
 Unamortized debt discount and ex- 
 pense 7,845.04 
 
 Totals 133,477,321.94 $708,002.30 
 
 Total Cost of Construction $34,185,324.24 
 
 The Cost of Equipment for Initial Operation: 
 
 Intangihle Street Railway Capital: 
 
 Organization $478.14 
 
 Other Intangible Street Railway Capital 35,253.40 
 
 Undistrihuted Construction Expenditures: 
 
 Engineering and Superintendence 19,853.73 
 
 Interest during construction 719,489.50 
 
 Suspense: 
 
 Unamortized debt discount and expense 9,414.05 
 
 Total Cost of Equipment $784,488.82 
 
 Total Cost of Construction and Cost of Equipment. $34,969,813.06 
 
 50 
 
These costs under the Uniform System of Accounts are for 
 each hne of the Railroads, as follows: 
 
 BROADWAY-FOURTH AVENUE LINE 
 
 Lessee's 
 ^'CosT OF Construction": City's Share. Contribution. 
 
 Intangible Street Bailway Capital: 
 
 Organization $318.76 
 
 Other Intangible Street Railway 
 
 Capital 23,502.27 
 
 Land: 
 
 Right of Way $2,607,748.59 . 
 
 Road and Electric Line: 
 
 Tunnels 25,352,089.24 54,261.63 
 
 Undistributed Construction Expenditures: 
 
 Engineering and Superintendence. 1,884,811.68 13,235.82 
 Law expenditures during con- 
 struction 99,263.70 
 
 Interest during construction 3,286,756.62 479,659.66 
 
 Miscellaneous construction expen- 
 ditures 179,942.63 
 
 Suspense : 
 
 Unamortized debt discount and 
 
 expense 6,276.03 
 
 Totals $33,410,612.46 $577,254.17 
 
 Total Cost of Construction $33,987,866.63 
 
 ''Cost of Equipment for Initial Operation": 
 
 Intangible Street Railway Capital: 
 
 Organization $358.61 
 
 Other Intangible Street Railway 
 
 Capital 26,440.05 
 
 Undistributed Construction Expenditures: 
 
 Engineering and Superintendence. 14,890.30 
 
 Interest during construction 539,617.12 
 
 Suspense : 
 
 Unamortized debt discount and 
 
 expense 7,060.53 
 
 Total Cost of Equipment $588,366.61 
 
 Total Cost of Construction and Cost of Equipment. $34,576,233. 24 
 
 51 
 
CULVER LINE 
 
 ''Cost of Construction." 
 
 Lessee 's 
 City's Share. Contribution. 
 Intangible Street Bailivay Capital: 
 
 Organization $19.92 
 
 Other Intangible Street Railway 
 
 Capital 1,468.89 
 
 Undistrib utecl Construction Expenditures : 
 
 Engineering and Superintendence. $6,262.50 827.24 
 
 Law expenditures during con- 
 struction 1,125.17 
 
 Interest during construction. ..... 419.37 29,978.73 
 
 Miscellaneous construction expen- 
 ditures 4,137.66 
 
 Suspense: 
 
 Unamortized debt discount and 
 
 expense 392.25 
 
 Totals $11,944.70 $32,687.03 
 
 Total Cost of Construction $44,631.73 
 
 "Cost of Equipment for Initial Operation": 
 
 Intangible Street Railway Capital: 
 
 Organization $71.72 
 
 Other Intangible Street Railway Capital 5,288.01 
 
 Undistributed Construction Expenditures: 
 
 Engineering and Superintendence 2,978.06 
 
 Interest during construction 107,923.43 
 
 Suspense : 
 
 Unamortized debt discount and expense 1,412.11 
 
 Total Cost of Equipment $117,673.33 
 
 Total Cost of Construction and Cost of Equipment. . .$162,305.06 
 
 52 
 
14th STREET-EASTERN LINE 
 
 ''Cost of Construction": 
 
 Lessee 's 
 City 's Share. Contribution. 
 Intangible Street Railway Capital: 
 
 Organization $59.77 
 
 Other Intangible Street Railway 
 
 Capital 4,406.68 
 
 Undistributed Construction Expenditures: 
 
 Engineering and Superintendence. $24,399.36 2,481.71 
 
 Law expenditures during con- 
 struction 4,243.90 
 
 Interest during construction 3,671.76 89,936.18 
 
 Miscellaneous construction expen- 
 ditures 11,553.12 
 
 Suspense : 
 
 Unamortized debt discount and 
 
 expense 1,176.76 
 
 Totals $43,868.14 $98,061.10 
 
 Total Cost of Construction $141,929.24 
 
 "Cost of Equipment for Initial Operation": 
 
 Intangible Street Railway Capital: 
 
 Organization $47.81 
 
 Other Intangible Street Railway Capital 3,525.34 
 
 Undistributed Construction Expenditures: 
 
 Engineering and Superintendence 1,985.37 
 
 Interest during construction 71,948.95 
 
 Suspense : 
 
 Unamortized debt discount and expense 941.41 
 
 Total cost of Equipment $78,448.88 
 
 Total Cost of Construction and Cost of Equipment. . .$220,378.12 
 
 53 
 
CITY'S SUPERINTENDENCE ON CERTIFICATE LINES 
 
 AND ON RECONSTRUCTION OF EXISTING 
 
 RAILROADS 
 
 *'CosT OF Construction": 
 
 Undistributed Construction Expenditures: 
 
 Engineering and Superintendence $4,963.92 
 
 Law expenditures during construction 2,006.70 
 
 Interest during construction." 335.11 
 
 Miscellaneous construction expenditures 3,590.91 
 
 Total Cost of Construction . $10,896.64 
 
 Pursuant to Article II, Subdivision 14, Item (4), City's ex- 
 pense for superintendence ' ' in and about the plant and property 
 constructed and provided under the certificates for extensions 
 and additional tracks hereinbefore referred to" is included in 
 ''Cost of Construction." 
 
 The City's superintendence on Reconstruction of Existing 
 Railroads for Initial Operation has also been included. 
 
 Dated New York, 
 
 October 14, 1913. 
 
 Alfred Craven, 
 
 Chief Engineer of the Public Service Commission 
 
 for the First District. 
 
In the Matter 
 
 OP THE 
 
 Determination of the Chief Engineer 
 of the Public Service Commission for 
 the First District under the contract, 
 dated March 19, 1913, between the 
 City of New York, acting by the Pub- 
 lic Service Commission for the First 
 District, and New York Municipal 
 Railway Corporation, of the cost of 
 Reconstruction of Existing Railroads, 
 paid or accrued prior to March 19, 
 1913. 
 
 Prior Determination 
 
 ''Reconstruction op 
 
 Existing Railroads. ' ' 
 
 October 14, 1913. 
 
 L 
 
I 
 
 To the 
 
 Public Service Commission for the First District and 
 New York Municipal Railvjay Corporation: 
 
 Pursuant to the provision of the contract dated IMarch 19, 
 1913, between the City of New York, acting by the Public Ser- 
 vice Commission for the First District, and the New York Muni- 
 cipal Railway Corporation, known as Contract No. 4, and in 
 accordance with the terms of Article XIII, I hereby render 
 my determination of the Cost of Reconstruction of Existiiig Rail- 
 roads for Initial Operation for the period prior to March 19, 1913. 
 
 Said Article XIII requires that the Cost of the Reconstruc- 
 tion of Existing Railroads for Initial Operation shall be deter- 
 mined by the Engineer in the same manner as the Cost of Con- 
 struction or the Cost of Equipment of the Railroad and upon 
 the basis of the definitions of Construction, Equipment, Addi- 
 tions, Cost of Construction and Cost of Equipment * * *." 
 Therefore the Cost of the Reconstruction of Existing Railroads 
 for Initial Operation would seem to include as to Construction 
 thereof : 
 
 (1) Labor and materials 
 
 (2) Real estate 
 
 (3) Debt discount and expense $4,707.02 
 
 (4) City's expense for superinten- 
 
 dence, etc * 
 
 (5) Lessee's expense for superinten- 
 
 dence, etc 27,642.63 
 
 (6) Taxes 150.00 
 
 (7) Interest 359,744.74 
 
 ^ Total $392,244.39 
 
 Hknd as to Equipment thereof: 
 
 Hp (1) Labor and materials 
 
 m (2) Real estate 
 
 B (3) Debt, discount and expense $1,569.01 
 
 (4) Superintendence, etc 9,214.21 
 
 (5) Taxes 50.00 
 
 B (6) Interest 119,914.91 
 
 ' Total $130,748.13 
 
 Total Cost of Construction and Cost of Equipment. .$522,992.52 
 
 * City's Expense for Superintendence, etc., has been included in Cost of 
 Construction of the Raih'oad. 
 
 3 
 
Each' of these parts of the Cost of Construction and of Equip- 
 ment of the Eeconstruction of Existing Railroads for Initial 
 Operation is taken up hereafter in its order. They are shown 
 as applied to the several portions, or lines, of the Existing Rail- 
 roads, and represent actual expenditures chargeable to the respec- 
 tive lines. It is necessary to keep the costs separate as to parts 
 of the Existing Railroads in order to provide a basis for comput- 
 ing deductions from revenue in the case of temporary operation 
 (Article XLIX, Subdivision'?). 
 
 The records of costs, from which this determination is made, 
 are kept in such detail that the cost of any principal part of 
 the Existing Railroads may be identified so that in case of its 
 retirement or withdrawal from service, the said cost may be with- 
 drawn from the appropriate depreciation fund as provided under 
 Article XLIX, Subdivision 5. For this determination the only 
 charges are of an executive and administrative nature. The 
 Uniform System of Accounts as prescribed by the Public Service 
 Commission is followed for this purpose. 
 
 When there are expenditures of an executive and administra- 
 tive nature it is impossible to allocate them to specific construction. 
 Such expenditures made by the New York Municipal Railway 
 Corporation I have distributed among the several lines affected 
 in each particular case on the basis of relative estimated costs. 
 The percentages used are given in a tabulation which represents 
 the understanding with respect thereto between representatives 
 of New York Municipal Railway Corporation and myself. This 
 understanding covers all of the work provided to be done by the 
 New York Municipal Railway Corporation under Contract No. 4 
 and the related certificates including their contribution to the 
 City's Railroad, and its terms are stated in my determination 
 of Cost of Construction and Cost of Equipment of the Railroad, 
 made under this Contract No. 4. It is subject to modification 
 by me at any time that the facts indicate that it should be modified. 
 The application of this percentage distribution accounts for all 
 of the items herein reported. 
 
COST OF CONSTRUCTION 
 
 Debt discount ''(3) The debt discount and expense 
 and expense, in connection with Construction, provided, 
 however, that the debt discount and ex- 
 pense (except in case of Additions) shall not exceed an 
 amount equal to three per centum (3%) of the part of the 
 cost of construction borne by the Lessee, including the cost 
 under this paragraph (3). 
 
 The cost of 
 
 (3) Debt discount and expense for the respective portions 
 of the Eeconstruction of Existing Railroads is as follows: 
 
 (I) Brighton Beach Line, between 
 
 Church Av. and Malbone St.. . . $470.70 
 
 (II) Brighton Beach Line, between Nep- 
 
 tune Av. and Coney Island term. 470.70 
 
 (III) Sea Beach Line. . /. 1,176.76 
 
 (IV) Myrtle Avenue and Broadway 
 Connection 235.35 
 
 (V) Lutheran Cemetery Line 235.35 
 
 (VI) Broadway Line 
 
 (VII) Fulton Street Line 
 
 (Vril) Myrtle Avenue Line 
 
 (IX) Lexington Avenue Line 
 
 (X) Fifth Avenue Line 
 
 (XI) Canarsie Line 
 
 (XII) Coney Island Terminal 1,176.76 
 
 (XIII) Terminals, Yards and Shops. . . 941.40 
 
 Total cost for debt discount and 
 expense pursuant to the Con- 
 tract prior to March 19, 1913. $4,707.02 
 
Lessee's expense " {^) The actual and necessary net 
 
 forsuperin- cost in money to the Lessee for super- 
 
 tendence, etc. intendence, insurance, damages, admin- 
 
 istration, engineering and legal ex- 
 penses in and about Construction including in respect of 
 the cost of construction for initial operation the expenses 
 above referred to in this paragraph actually and neces- 
 sarily incurred or payable by the Lessee in and about 
 Construction prior to the date of this contract and in 
 addition the actual and necessary expense incurred or 
 payable by the Lessee in printing, engraving and certify- 
 ing securities for Construction and the actual and neces- 
 sary expense in organizing the Lessee. ' ' 
 
 The cost of 
 
 (5) Lessee's expense for superintendence, etc., for the re- 
 spective portions of the Reconstruction of Existing Railroads 
 is as follows : 
 
 (I) Brighton Beach Line, between 
 
 Church Av. and Malbone St $2,764.26 
 
 (II) Brighton Beach Line, between 
 Neptune Av. and Coney Island term. 2,764.26 
 
 (III) Sea Beach Line 6,910.66 
 
 (IV) ]\Iyrtle Av. and B'way Connection 1,382.13 
 
 (V) Lutheran Cemetery Line 1,382.13 
 
 (VI) Broadway Line 
 
 (VII) Fulton Street Line 
 
 (VIII) Myrtle Avenue Line 
 
 (IX) Lexington Avenue Line 
 
 (X) Fifth Avenue Line 
 
 (XI) Canaraie Line 
 
 (XII) Coney Island Terminal 6,910.67 
 
 (XIII) Terminals, Yards and Shops.. 5,528.52 
 
 Total cost for Lessee's expense for 
 superintendence, etc., pursuant to 
 the Contract, prior to March 19, 
 1913 $27,642.63 
 
Taxes. "(6) Taxes, assessments or other govern- 
 
 mental charges (including mortgage record- 
 ing tax) of every description against the Lessee actually 
 and necessarily paid or accrued in and about Construction 
 pending the beginning of operation of the part of the 
 Railroad as to which such taxes, assessments or other 
 governmental charges were paid or accrued. During op- 
 eration such assessments for benefits as are not properly 
 chargeable against revenue shall be charged to cost of 
 construction. ' ' 
 
 The cost of 
 
 (6) Taxes for the respective portions of the Reconstruction 
 of Existing Railroads is as follows : 
 
 (I) Brighton Beach Line, between 
 
 Church Av. and Malbone St $15.00 
 
 (II) Brighton Beach Line, between 
 Neptune Av. and Coney Island term. 15.00 
 
 (III) Sea Beach Line 37.50 
 
 (IV) Myrtle Av. and B'way Connection 7.50 
 
 (V) Lutheran Cemetery Line 7.50 
 
 (VI) Broadway Line 
 
 (VII) Fulton Street Line 
 
 (VIII) Myrtle Avenue Line 
 
 (IX) Lexington Avenue Line 
 
 (X) Fifth Avenue Line 
 
 (XI) Canarsie Line 
 
 (XII) Coney Island Terminal 37.50 
 
 (XIII) Terminals, Yards and Shops.. 30.00 
 
 Total cost for Taxes pursuant to the 
 
 Contract, prior to March 19, 1913 $150.00 
 
Interest. " (1) Interest actually and necessarily paid 
 
 or accrued on moneys provided by the City or 
 by the Lessee or on its behalf from time to time for the 
 items of this definition from the respective times of pro- 
 viding said moneys (but not including interest on any 
 moneys provided by the Lessee or on its behalf prior to 
 October 1, 1912) to the beginning of operation of the 
 part of the Railroad for which such moneys were pro- 
 vided, less any interest received by the City or by the 
 Lessee or on behalf of the Lessee on such moneys." 
 
 The cost of 
 
 (7) Interest for the respective portions of the Reconstruc- 
 tion of Existing Railroads is as follows : 
 
 (I) Brighton Beach Line, between 
 
 Church Av. and Malbone St $35,974.48 
 
 (II) Brighton Beach Line, between 
 Neptune Av. and Coney Island term. 35,974.48 
 
 (III) Sea Beach Line 89,936.18 
 
 (IV) Myrtle Av. and B'way Connection 17,987.23 
 
 (V) Lutheran Cemetery Line 17,987.23 
 
 (VI) Broadway Line 
 
 (VII) Fulton Street Line 
 
 (VIII) Myrtle Avenue Line 
 
 (IX) Lexington Avenue Line 
 
 (X) Fifth Avenue Line 
 
 (XI) Canarsie Line 
 
 (XII) Coney Island Terminal 89,936.19 
 
 (XIII) Terminals, Yards and Shops.. 71,948.95 
 
 Total cost for Interest pursuant to 
 the Contract, prior to March 19, 
 1913 $359,744.74 
 
I 
 
 COST OF EQUIPMENT 
 
 Debt discount "(3) The debt discount and expense 
 
 and expense. in connection with Equipment, provided, 
 however, that the debt discount and ex- 
 pense (except in case of Additions) shall not exceed an 
 amount equalto three per centum (3%) of the cost of 
 equipment for initial operation, including the cost under 
 this paragraph (3). 
 
 The cost of 
 
 (3) Debt discount and expense for the respective portions of 
 the Equipment of the Reconstruction of Existing Railroads is 
 as follows: 
 
 (I) Brighton Beach Line, between 
 
 Church Av. and Malbone St $78.45 
 
 (II) Brighton Beach Line, between 
 Neptune Av. and Coney Island term. 235.35 
 
 (III) Sea Beach Line. /. 235.35 
 
 (IV) Myrtle Av. and B'way Connection 
 
 (Y) Lutheran Cemetery Line 78.45 
 
 (VI) Broadway Line 
 
 (VII) Fulton Street Line 
 
 (VIII) Myrtle Avenue Line 
 
 (IX) Lexington Avenue Line 
 
 (X) Fifth Avenue Line 
 
 (XI) Canarsie Line 
 
 (XII) Coney Island Terminal 156.90 
 
 (XIII) Terminals, Yards and Shops.. 156.90 
 
 (XIV) Car Equipment 627.61 
 
 Total cost for Debt discount and ex- 
 pense pursuant to the Contract, 
 prior to March 19, 1913 $1,569.01 
 
Superintend- ''(4) The actual and necessary net 
 
 ence, etc. cost in money to the Lessee for superin- 
 
 tendence, insvirance_j damages, adminis- 
 tration, engineering and legal expenses in and about the 
 provision of the Equipment, including in respect 
 of the cost of equipment for initial operation the ex- 
 penses above referred to in this paragraph actually and 
 necessarily incurred or payable by the Lessee in and about 
 Equipment prior to the date of this contract, and in ad- 
 dition the actual and necessary expense incurred or pay- 
 able by the Lessee in printing, engraving and certifying 
 securities for Equipment and the actual and necessary 
 expense in organizing the Lessee." 
 
 The cost of 
 
 (4) Lessee's expense for superintendence, etc., for the re- 
 spective portions of the Reconstruction of Existing Railroads is 
 as follows : ; 
 
 (I) Brighton Beach Line, between 
 
 Church Av. and Malbone St $460.72 
 
 (II) Brighton Beach Line, between 
 Neptune Avenue and Coney Island 
 terminal 1,382.12 
 
 (III) Sea Beach Line 1,382.12 
 
 (IV) Myrtle Av. and B'way Connection. 
 
 (V) Lutheran Cemetery Line 460.72 
 
 (VI) Broadway Line 
 
 (VII) Fulton Street Line 
 
 (VIII) Myrtle Avenue Line 
 
 (IX) Lexington Avenue Line 
 
 (X) Fifth Avenue Line 
 
 (XI) Canarsie Line 
 
 (XII) Coney Island Terminal 921.42 
 
 (XIII) Terminals, Yards and Shops.. 921.43 
 
 (XIV) Car Equipment 3,685.68 
 
 Total cost for Lessee's expense for 
 superintendence, etc., pursuant to 
 the Contract, prior to March 19, 
 1913 $9,214.21 
 
 10 
 
Taxes. "(5) Taxes, assessments or other govern- 
 
 mental charges (including mortgage recording 
 tax) of every description against the Lessee actually and 
 necessarily paid or accrued in and about the provision of 
 the Equipment pending the time when the portions of the 
 Equipment as to which such taxes, assessments or other 
 governmental charges were paid or accrued are placed in 
 operation. During operation such assessments for benefits 
 as are not properly chargeable against revenue shall be 
 charged to cost of equipment." 
 
 The cost of 
 
 (5) Taxes for the respective portions of the Reconstruction 
 of Existing Railroads is as follows : 
 
 (I) Brighton Beach Line, between 
 
 Church Av. and Malbone St $2.50 
 
 (II) Brighton Beach Line, between 
 Neptune Av. and Coney Island term. 7.50 
 
 (III) Sea Beach Line 7.50 
 
 (IV) Myrtle Av. and B 'way Connection. 
 
 (V) Lutheran Cemetery Line 2.50 
 
 (VI) Broadway Line 
 
 (VII) Fulton Street Line 
 
 (VIII) Myrtle Avenue Line 
 
 (IX) Lexington Avenue Line 
 
 (X) Fifth Avenue Line 
 
 (XI) Canarsie Line 
 
 (XIII) Terminals, Yards and Shops.. 5.00 
 
 (XIV) Car Equipment 20.00 
 
 Total cost for taxes pursuant to the 
 
 Contract, prior to March 19, 1913 $50.00 
 
 Interest. '' (6) Interest actually and necessarily paid 
 
 or accrued on moneys provided by the Lessee 
 or on its behalf from time to time for the items of this 
 definition from the respective times of providing said 
 moneys (but not including interest on any moneys pro- 
 vided by the Lessee or on its behalf prior to October 1, 
 
 11 
 
1912) to the beginning of operation of the part of the 
 Equipment for which such moneys were provided, less 
 any interest received by the Lessee or on its behalf on such 
 moneys. ' ' 
 
 The cost of 
 
 (6) Interest for the respective portions of the Reconstruction 
 of Existing Eailroads is as follows : 
 
 (I) Brighton Beach Line, betw^een 
 
 Church Av. and Malbone St $5,995.75 
 
 (II) Brighton Beach Line,, between 
 Neptune Av. and Coney Island term. 17,987.28 
 
 (III) Sea Beach Line 17,987.23 
 
 (IV) Myrtle Av. and B'way Connection 
 
 (V) Lutheran Cemetery Line 5,995.75 
 
 (VI) Broadway Line 
 
 (VII) Fulton Street Line 
 
 (VIII) Myrtle Avenue Line 
 
 (IX) Lexington Avenue Line 
 
 (X) Fifth Avenue Line 
 
 (XI) Canarsie Line 
 
 (XII) Coney Island Terminal 11,991.49 
 
 (XIII) Terminals, Yards and Shops.. 11,991.49 
 
 (XIV) Car Equipment 47,965.97 
 
 Total cost for Interest pursuant to 
 the Contract, prior to March 19, 
 1913 $119,914.91 
 
 APPENDIX EXPLANATORY OF THE ABOVE 
 DETERMINATION 
 
 Debt discount and expense. In the determination of Cost of 
 
 Construction and Cost of Equip- 
 Lessee's expense for ment of the Railroad for Initial 
 
 superintendence. Operation made under this same 
 
 date, Character and division of the 
 Taxes. expenditures by the Lessee prior to 
 
 March 19, 1913, are fully explained 
 Interest. and reference is hereby made to 
 
 them to identify the entries herein. 
 12 
 
UNIFORM SYSTEM OF ACCOUNTS 
 
 The details of the Costs hereinbefore set forth should be 
 classified in accordance with the Uniform System of Accounts 
 prescribed for street and electric railways by the Public Service 
 Commission in its order of December 8, 1908, as follows: 
 
 For the Reconstruction of Existing Railroads for Initial 
 Operation. 
 
 The Cost of Construction is as follows : 
 
 Intangible Street Railway Capital: 
 
 Organization $239.07 
 
 Other Intangible Street Railway Capital 17,626.70 
 
 Undistributed Construction Expenditures: 
 
 Engineering and Superintendence 9,926.86 
 
 Interest during construction 359,744.74 
 
 Suspense: 
 
 Unamortized debt discount and expense 4,707.02 
 
 Total Cost of Construction $392,244.39 
 
 The Cost of Equipment is as follows : 
 
 Intangible Street Railwau Capital: 
 
 Organization $79.69 
 
 Other Intangible Street Railway Capital 5,875.57 
 
 Undistributed Construct io n Expenditures: 
 
 Engineering and Superintendence 3,308.95 
 
 Interest during construction 119,914.91 
 
 Suspense-: 
 
 Unamortized debt discount and expense 1,569.01 
 
 Total Cost of Equipment $130,748.13 
 
 Total Cost of Reconstruction of Exist- 
 ing Railroads for Initial Operation 
 
 to March 19, 1913 $522,992.52 
 
 13 
 
These costs under the Uniform System of Accounts are for 
 each portion of the Existing Railroads, as follows: 
 
 BRIGHTON BEACH LINE, BETWEEN CHURCH AV. 
 AND MALBONE ST. 
 
 Cost of Construction : 
 
 Intangible Street Railway Capital: 
 
 Organization $23.91 
 
 Other Intangible Street Railway Capital 1,762.67 
 
 Undistributed Construction Expenditures: 
 
 Engineering and Superintendence 992.68 
 
 Interest during construction 35,974.48 
 
 Suspense : 
 
 Unamortized debt discount and expense 470.70 
 
 Total Cost of Construction $39,224.44 
 
 Cost of Equipment : 
 
 Intangible Street Railway Capital: 
 
 Organization $3.99 
 
 Other Intangible Street Railway Capital 293.78 
 
 Undistributed Construction Expenditures: 
 
 Engineering and Superintendence 165.45 
 
 Interest during construction 5,995.75 
 
 Suspense : 
 
 Unamortized debt discount and expense 78.45 
 
 Total Cost of Equipment $6,537.42 
 
 Total cost for Reconstruction of this 
 
 portion of Existing Railroads $45,761.86 
 
 14 
 
BRIGHTON BEACH LINE, BETWEEN NEPTUNE AV. 
 AND CONEY ISLAND TERMINAL 
 
 Cost of Construction: 
 
 Intangible Street Railivay Capital: 
 
 Organization $23.91 
 
 Other Intangible Street Railway Capital 1,762.67 
 
 Undistributed Construction Expenditures: 
 
 Engineering and Superintendence 992.68 
 
 Interest during construction 35,974.48 
 
 S^ispense : 
 
 Unamortized debt discount and expense 470.70 
 
 Total cost of Construction $39,224.44 
 
 Cost of Equipment : 
 
 Intangible Street Railway Capital: 
 
 Organization $11.95 
 
 Other Intangible Street Railway Capital 881.33 
 
 Undistributed Construction Expenditures: 
 
 Engineering and Superintendence 496.34 
 
 Interest during construction 17,987.23 
 
 Suspense : 
 
 Unamortized debt discount and expense 235.35 
 
 Total cost of Equipment $19,612.20 
 
 Total cost for Reconstruction of this 
 
 portion of Existing Railroads $58,836.64 
 
 15 
 
SEA BEACH LINE 
 
 Cost of Construction: 
 
 Intangible Street Railway Capital: 
 
 Organization $59.77 
 
 Other Intangible Street Railway Capital 4,406.67 
 
 TJndistrihuted Construction Expenditures: 
 
 Engineering and Superintendence 2,481.72 
 
 Interest during construction 89,936.18 
 
 Suspense : 
 
 Unamortized debt discount and expense 1,176.76 
 
 Total cost of Construction $98,081.10 
 
 Cost of Equipment : 
 
 Intangible Street Railway Capital: 
 
 Organization $11.95 
 
 Other Intangible Street Railway Capital 881.33 
 
 Undistributed Construction Expenditures: 
 
 Engineering and Superintendence 496.34 
 
 Interest during construction 17,987.23 
 
 Suspense : 
 
 Unamortized debt discount and expense 235.35 
 
 Total cost of Equipment $19,612.20 
 
 Total cost for Reconstruction of this 
 
 portion of Existing Railroads $117,673.30 
 
 16 
 
MYRTLE AVENUE AND BROADWAY CONNECTION 
 
 Cost of Construction: 
 
 Intangible Street Railway Capital: 
 
 Organization $11.95 
 
 Other Intangible Street Railway Capital 881.34 
 
 Undistributed Construction Expenditures: 
 
 Engineering and Superintendence 496.34 
 
 Interest during construction 17,987.23 
 
 Suspense : 
 
 Unamortized debt discount and expense 235.35 
 
 Total cost of Construction $19,612.21 
 
 Cost of Equipment : 
 
 Note. There have been no expendi- 
 tures on this account. 
 
 Total cost for Reconstruction of this 
 
 portion of Existing Railroads $19,612.21 
 
 17 
 
LUTHERAN CEMETERY LINE 
 
 Cost of Construction: 
 
 Intangible Street Raihvay Capital: 
 
 Organization $11.95 
 
 Other Intangible Street Railway Capital 881.33 
 
 Undistributed Construction Expenditures: 
 
 Engineering and Superintendence 496.35 
 
 Interest during construction 17,987.23 
 
 Suspense : 
 
 Unamortized debt discount and expense 235.35 
 
 Total cost of Construction $19,612.21 
 
 Cost of Equipment : 
 
 Intangible Street Railway Capital: 
 
 Organization $3.99 
 
 Other Intangible Street Railway Capital 293.78 
 
 Undistributed Construction Expenditures: 
 
 Engineering and Superintendence 165.45 
 
 Interest during construction 5,995.75 
 
 Suspense : 
 
 Unamortized debt discount and expense 78.45 
 
 Total cost of Equipment $6,537.42 
 
 Total cost for Reconstruction of this 
 
 portion of Existing Railroads $26,149.63 
 
 18 
 
CONEY ISLAND TERMINAL 
 
 Cost of Construction : 
 
 Intangible Street Bailway Capital: 
 
 Organization $59.77 
 
 Other Intangible Street Railway Capital 4,406.68 
 
 Undistributed Construction Expenditures: 
 
 Engineering and Superintendence 2,481.72 
 
 Interest during construction 89,936.19 
 
 Suspense : 
 
 LTnamortized debt discount and expense 1,176.76 
 
 Total cost of Construction $98,06L12 
 
 Cost of Equipment : 
 
 Intangible Street Railway Capital: 
 
 Organization $7.97 
 
 Other Intangible Street Railway Capital 587.56 
 
 Undistributed Construction Expenditures: 
 
 Engineering and Superintendence 330.89 
 
 Interest during construction 11,991.49 
 
 Suspense : 
 
 LTnamortized debt discount and expense 156.90 
 
 Total cost of Equipment $13,074.81 
 
 Total cost for Reconstruction of this 
 
 portion of Existing Railroads $111,135.93 
 
 19 
 
TERMINALS, SHOPS AND YARDS 
 
 Cost of Construction: 
 
 Intangible Street Railway Capital: 
 
 Organization $47.81 
 
 Other Intangible Street Railway Capital 3,525.34 
 
 Undistributed Construction Expenditures: 
 
 Engineering and Superintendence 1,985.37 
 
 Interest during construction 71,948.95 
 
 Suspense : 
 
 Unamortized debt discount and expense 941.40 
 
 Total cost of Construction $78,448.87 
 
 Cost of Equipment : 
 
 Intangible Street Railway Capital: 
 
 Organization 7.97 
 
 Other Intangible Street Railway Capital 587.56 
 
 Undistributed Construction Expenditures: 
 
 Engineering and Superintendence 330.90 
 
 Interest during construction 11,991.49 
 
 Suspense : 
 
 Unamortized debt discount and expense 156.90 
 
 Total cost of Equipment $13,074.82 
 
 Total cost for Reconstruction of this 
 
 portion of Existing Railroads $91,523.69 
 
 20 
 
CAR EQUIPMENT 
 
 Cost of Equipment : 
 
 Intangible Street Baihvay Capital: 
 
 Organization $31.87 
 
 Other Intangible Street Railway Capital 2,350.23 
 
 Undistributed Construction Expenditures: 
 
 Engineering and Superintendence 1,323.58 
 
 Interest during construction . 47,965.97 
 
 Suspense : 
 
 Unamortized debt discount and expense 627.61 
 
 Total cost of Equipment $52,299.26 
 
 Total cost for Reconstruction of this 
 
 portion of Existing Railroads $52,299.26 
 
 Dated New York, 
 
 October 14, 1913. 
 
 Alfred Craven, 
 
 Chief Engineer of the Public Service Commission 
 for the First District. 
 
 21 
 
Vo. ^ 
 
 In the Matter 
 
 OF THE 
 
 Determination of the Chief Engineer . _, _ 
 of the Public Service Commission for f ^^^^^ Determination 
 the First District under the contract, I *' Railroad'* 
 
 dated March 19, 1913, between the \ 
 City of New York, acting by the Pub- / October 14, 1913. 
 lie Service Commission for the First 
 District, and Interborough Rapid 
 Transit Company, of the cost of con- 
 struction and cost of equipment of 
 the Railroad paid or accrued prior to 
 March 19, 1913. (^C^-t^a^-^ 3j 
 
 I. R. T. E. D. Prior 1,500-0.' 13 (N) 
 
I 
 
 In the IMatter 
 
 OF THE 
 
 Determination of the Chief Engineer 
 of the Public Service Commission for 
 the First District under the contract, 
 dated March 19, 1913, between the 
 City of New York, acting by the Pub- 
 lic Service Commission for the First 
 District, and Interborough Rapid 
 Transit Company, of the cost of con- 
 struction and cost of equipment of 
 the Railroad paid or accrued prior to 
 March 19, 1913. 
 
 Prior Determination 
 
 *' Railroad" 
 
 October 14, 1913. 
 
To the 
 
 Public Service Commission for the First District, and 
 Interhorough Rapid Transit Company: 
 
 Pursuant to the provisions of the contract dated March 19, 
 1913, between the City of New York acting by the Public Ser- 
 vice Commission for the First District, and Interhorough Eapid 
 Transit Company, known as Contract No. 3, and in accordance 
 with the terms of Article XXIX thereof, I hereby render my 
 determination of the Cost of Construction and Cost of Equip- 
 ment of the Railroad, paid or accrued -prior to March 19, 1913. 
 
 For the Railroad and the physical connections with the Exist- 
 ing Railroads, for Initial Operation. 
 
 The Cost of Construction (Article II, Subdivision 17), is as 
 follows : 
 
 (1) Labor and materials $6,679,178 . 09 
 
 (2) Real estate 264,750.39 
 
 (3) Debt discount and expense 
 
 (4) City's expenses for superinten- 
 
 dence, etc 1,261,353.07 
 
 (5) Lessee's expenses for superinten- 
 
 dnece, etc 271,965.01 
 
 (6) Taxes 
 
 (7) Interest 377,107.80 
 
 Total $8,854,354.36 
 
 The Cost of Equipment (Articles II, Subdivision 18), is as 
 follows : 
 
 (1) Labor and materials 
 
 (2) Real estate 
 
 (3) Debt discount and expense 
 
 (4) Superintendence, etc $55,440.00 
 
 (5) Taxes 
 
 (6) Interest 
 
 Total $55,440.00 
 
 Total Cost of Construction and Cost 
 
 of Equipment $8,909,794.36 
 
 3 
 
Each of the seven parts of the Cost of Construction and the 
 six parts of the Cost of Equipment is taken up hereafter in 
 its order. They are shown as apphed to the several portions 
 or lines, of the Railroad. The City's share and the Lessee's con- 
 tribution to Cost of Construction are shown separately, and 
 represent actual expenditures chargeable to the respective lines, 
 and the sum of the City's share and the Lessee's contribution as 
 tabulated above represents the actual and necessary cost. 
 
 It is necessary to keep separate the City's share and the 
 Lessee's contribution as to parts of the Railroad in order to 
 provide a basis for computing deductions from revenue in the 
 case of temporary operation (Article XLIX, Subdivision 7, and 
 Article LII). It is also hecessary to separate the cost of con- 
 struction and cost of equipment into lines of the Railroad to 
 accord with the provisions of the contract relative to recaption. 
 
 The records of cost, from which this determination is made, 
 are kept in such detail that the cost of any principal part of the 
 Railroad may be identified so that in case of its retirement or 
 withdrawal from service, the said cost may be withdrawn from 
 the appropriate depreciation fund as provided under Article 
 XLIX, Subdivision 5. A summary of these records is given in 
 an appendix. The Uniform System of Accounts as prescribed 
 by the Public Service Commission is followed for this purpose. 
 
COST OF CONSTRUCTION 
 
 Labor and '^ (1) The actual and necessary net 
 
 materials. cost in money to the City (and the Lessee 
 
 through its contribution, including the 
 Steinway Tunnel at three million [$3,000,000] dollars, 
 toward the cost of construction) of all labor and materials 
 entering into Construction." 
 
 The cost of 
 
 (1) Labor and materials for such specified portions, or lines, 
 of the Railroad is as follows : 
 
 City's Lessee's 
 
 Share Contribution Total 
 
 (I) Seventh Ave. 
 Lexington 
 Ave. Line 
 
 (a) Seventh 
 
 Ave. Branch 
 
 (b) L e X i n g - 
 ton Avenue 
 
 Branch $6,679,178.09 $6,679,178.09 
 
 (II) Eastern Park- 
 way Line. . . 
 
 (III) Steinway Tun- 
 
 nel Line. . . . 
 
 (IV) White Plains 
 
 Road Line . . 
 
 Total cost of labor 
 and materials 
 pursuant to the 
 contract paid or 
 accrued prior to 
 March 19, 1913. $6,679,178.09 $6,679,178.09 
 
 (For details, see pp. 11 to 17 post.) 
 5 
 
Real estate. *'(2) The actual and necessary net 
 
 cost in money to the City (and the Lessee 
 through its contribution, including the Steinway Tunnel 
 at three milHon [$3,000,000] dollars, toward the cost of 
 construction) of any real estate or interest therein here- 
 after acquired or extinguished therefor or the reasonable 
 value of any real estate or interest therein heretofore ac- 
 quired and hereafter appropriated for the purpose of the 
 Eailroad), including terminals, storage yards, and shops, 
 together with the actual and necessary expense in connec- 
 tion with such acquisition, extinction or appropriation, but 
 there shall not be included in the term 'real estate or in- 
 terest therein' any damages the City may have to pay for 
 acquiring rights or easements for the Railroad in streets 
 under the principles of the decision in Matter of Board of 
 Rapid Transit Railroad Commissioners (Joralemon Street) 
 197 N. Y. 81. There shall be included, however, damages 
 the City may have to pay for extinguishing rights of light, 
 air and access in connection with the construction or opera- 
 tion of the elevated portions of the Railroad. ' ' 
 
 The cost of 
 
 (2) Real Estate for such specified portions, or lines, of the 
 Railroad, is as follows: 
 
 City's Lessee's 
 
 Share Contribution Total 
 
 (I) Seventh Ave. 
 Lexington 
 Ave. Line 
 
 (a) Seventh 
 
 Ave. Branch 
 
 (b) Lexing- 
 ton Ave. 
 
 Branch $264,750 . 39 $264,750 . 39 
 
 (II) Eastern Park- 
 way Line . . . 
 
 (III) Steinway Tun- 
 
 nel Line. . . . 
 
 (IV) White Plains 
 
 Road Line. . 
 
 Total cost for real 
 estate pursuant 
 to the Contract, 
 prior to March 
 
 19, 1913 $264,750 . 39 $264,750 . 39 
 
 1 (For details, see pp. 17 and 18 post.) 
 6 
 
Lessee's ex- "(5) The actual and necessary net 
 
 penses for cost in money to the Lessee for superinten- 
 
 superinten- dence, insurance, damages, administra- 
 dence, etc. tion, engineering and legal expenses in 
 
 and about Construction, including in re- 
 spect of the cost of construction for initial operation the 
 expenses above referred to in this paragraph actually and 
 necessarily incurred or payable by the Lessee in and about 
 Construction prior to the date of this contract and in addi- 
 tion the actual and necessary expense incurred or payable 
 by the Lessee in printing, engraving and certifying securi- 
 ties for Construction.*' 
 
 The cost of 
 
 (5) Lessee's expenses for superintendence, etc., in and about 
 construction for the specified portions, or lines, of the Railroad 
 is as follows : 
 
 (I) Seventh Avenue-Lexington Avenue Line: 
 
 (a) Seventh Avenue Branch $81,589.50 
 
 (b) Lexington Avenue Branch 108,786.01 
 
 (II) Eastern Parkway Line 40,794.75 
 
 (III) Steinway Tunnel Line 27,196.50 
 
 (IV) White Plains Road Line 13,598.25 
 
 Total cost for Lessee's expenses for superin- 
 tendence, etc., pursuant to the contract 
 paid or accrued prior to March 19, 1913. . $271,965.01 
 
 I 
 
 (For details, see p. 20 post.) 
 
City's expenses ''(4) The actual and necessary 
 
 for superinten- net cost in money to the City for 
 
 dence, etc. superintendence, insurance, damages, 
 
 engineering, legal expenses and ad- 
 ministration in and about construction and equipment; 
 including in respect of the cost of construction for initial 
 operation the expenses above referred to in this paragraph 
 actually and necessarily incurred or payable by the City in 
 and about Construction and Equipment prior to the date 
 of this contract." 
 
 The cost of 
 
 (4) City's expense for superintendence, etc., in and about 
 construction for the specified portions, or lines, of the Railroad is 
 as follows: 
 
 (I) Seventh Avenue-Lexington Avenue Line: 
 
 (a) Seventh Avenue Branch $116,690.01 
 
 (b) Lexington Avenue Branch 1,033,889.91 
 
 (II) Eastern Parkway Line 53,030.27 
 
 (III) Steinway Tunnel Line 46,760.83 
 
 (IV) White Plains Road Line 10,982.05 
 
 Total cost for City's expenses for superin- 
 tendence, etc., pursuant to the contract, 
 paid or accrued prior to March 19, 1913. . $1,261,353.07 
 
 The above determination includes only expenditures of the City's money 
 by the Pubhe Service Commission for the First District, and its predecessor, 
 the Board of Rapid Transit Railroad Commissioners. 
 
 (For details, see pp. 19 and 20 post.) 
 8 
 
Interest. "(7) Interest actually and necessarily 
 
 paid or accrued on moneys provided from 
 time to time for the items of this definition from the re- 
 spective times of providing said moneys to the beginning 
 of operation of the part of the Railroad for which such 
 moneys were provided, less any interest received by the City 
 or by the Lessee on such moneys; provided, however, that 
 in computing interest during the period of Construction of 
 the Railroad (exclusive of Additions) the rate of interest 
 paid by the Lessee shall be deemed to be six (6%) 
 per centum and the rate received by the Lessee shall be 
 deemed to be two and one-half (2|) per centum, and pro- 
 vided, further, that money shall not be provided by the 
 Lessee in excess of the amount fixed in annual estimates 
 to be agreed upon by the Commission and the Lessee un- 
 less with the consent of the Commission. 
 
 ^'In case any portion of the cost of construction borne 
 by the City shall be met by other than corporate stock 
 or other long term interest bearing securities the same shall 
 be deemed to bear interest at the rate specified in the last 
 then preceding sale by the City of corporate stock or other 
 long term interest bearing securities." 
 
 The cost of 
 
 (7) Interest for such specified portions, or lines, of the Railroad, 
 is as foUoAvs: 
 
 City's Lessee's 
 
 Share Contribution Total 
 
 (I) Seventh Avenue- 
 Lexington Ave. 
 Line: 
 
 (a) Seventh Ave. 
 
 Branch $8,053.62 $3,697.33 $11,750.95 
 
 (b) Lexington 
 
 Ave. Branch . . 351,932 . 07 4,929 . 78 356,861 . 85 
 (II) Eastern Parkway 
 
 Line 2,456 . 77 1,848 . 67 4,305 . 44 
 
 (III) Steinway Tunnel 
 
 Line 1,204 . 60 1,232 . 44 2,437 . 04 
 
 (IV) White Plains Rd. 
 
 Line 1,136.30 616.22 1,752.52 
 
 Total Cost of Interest 
 pursuant to the Con- 
 tract for the period 
 from March 19 to 
 June 30, 1913, in- 
 clusive $364,783.36 $12,324.44 $377,107.80 
 
 (For details, see pp. 20 to 23 post.) 
 9 
 
COST OF EQUIPMENT 
 
 Superinten- ''(4) The actual and necessary net 
 
 dence, etc. cost in money to the Lessee for superin- 
 
 tendence, insurance, damages, administra- 
 tion, engineering and legal expenses in and about the pro- 
 vision of the Equipment including in respect of the cost of 
 equipment for initial operation the expenses above referred 
 to in this paragraph actually and necessarily incurred or 
 payable by the Lessee in and about Equipment prior to 
 the date of this contract and in addition the actual and 
 necessary expense incurred or payable by the Lessee in 
 printing, engraving, and certifying securities for Equip- 
 ment. ' ' 
 
 The cost of 
 
 (4) Superintendence, etc., in and about Equipment for the 
 specified portions, or lines, of the Railroad, is as follows : 
 (I) Seventh Avenue-Lexington Avenue Line: 
 
 (a) Seventh Avenue Branch $7,207.20 
 
 (b) Lexington Avenue Branch 23,284.80 
 
 (II) Eastern Parkway Line 8,870.40 
 
 (III) Steinway Tunnel Line 10,533.60 
 
 (IV) White Plains Road Line 5,544.00 
 
 Total cost of superintendence, etc., pursuant 
 to the contract, paid or accrued prior to 
 March 19, 1913 $55,440.00 
 
 (For details, see p. 20 post.) 
 10 
 
I 
 
 APPENDICES EXPLANATORY OP THE ABOVE DETER- 
 MINATIONS. 
 
 Labor and Labor and materials means the cost of con- 
 
 materials, structing the Railroad by sections under the 
 
 several construction contracts which have either 
 been entered into or may be entered into from time to time. 
 These construction contracts cover the prosecution of the con- 
 struction work and payment therefor on a unit basis. Each 
 month the various contractors executing the contracts are paid 
 upon the basis of monthly estimates certified to by me. The 
 aggregate of these monthly estimates represents the cost of labor 
 and materials entering into construction. These monthly esti- 
 mates are customarily made as of the last day of the month and 
 cover the cost of construction as of such date. The estimates 
 are identified by numbers, which indicates the serial order in 
 which such estimates have been made. 
 
 Article XXIX of the Contract requires the Chief Engineer 
 to determine the cost of construction paid or accrued prior to 
 the date of the contract. Therefore, this covers the cost to and 
 including March 18, 1913. For this reason it has been assumed 
 that 18/3 Ists of the March construction contract regular esti- 
 mates accrued prior to March 19, 1913, leaving 13/31sts of such 
 certified estimates to be entered into the cost of construction for 
 the first quarterly determination. This is the most satisfactory 
 method of dividing the labor and material costs for March as 
 between the prior determination and the quarterly determination. 
 
 Since the labor and material is based upon the section con- 
 tracts for construction, as already explained, it has been con- 
 sidered advisable to subdivide the labor and material determina- 
 tion by sections. Also a certain amount of subdivision is desir- 
 able so that if the Commission should declare any part of the 
 Railroad ready for operation, as provided under Article LII of 
 the Contract, the cost of such part to be used as a basis for the 
 distribution of revenue could be readily determined. Exactly 
 what parts might be declared ready for operation, it is hardly 
 feasible to say at this time. The construction contract is a rea- 
 sonable unit to keep identified so that any combination may be 
 made as required. Therefore, 
 
 (1) The cost of labor and materials as included in this deter- 
 mination for the Cost of Construction paid or accrued prior to 
 March 19, 1913, by sections and by estimates is as follows : 
 
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The Roman figures under the column ''Certified Under" 
 refer to article numbers in the construction contracts. Arti- 
 cle XI covers work susceptible of classification which is certified 
 to under the regular estimates, at the regular unit prices. Arti- 
 cle XII covers work not susceptible of classification for which 
 special estimates are made. 
 
 All regular estimates are included in the determination as 
 accruing on the last day of the month which they cover. Special 
 estimates covering scattered work prosecuted at various times 
 are considered as having accrued on the date on which the esti- 
 mate is certified. 
 
 Real estate. Real estate means, as represented by the 
 
 amounts which have entered into this determina- 
 tion, the disbursements as reported by the Auditor of the Public 
 Service Commission, covering the following necessary expendi- 
 tures in the acquisition of properties and easements : 
 
 Clerical expenses; fees for examining and insuring titles; 
 payments for property. 
 
 As in the case of labor and materials, a certain amount of 
 subdivision is desirable and is given in the following tabulation: 
 
 (2) Real Estate represented by the City's expense as in- 
 cluded in this determination for the Cost of Construction for the 
 period prior to March 19, 1913, is as follows : 
 
 17 
 
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 18 
 
 
City's The City's expenses for superinten- 
 
 expenses dence, etc., means as represented by the 
 
 for superinten- amounts which have entered into this 
 
 dence. determination, a portion of the payroll 
 
 of the Engineering Department, deter- 
 mined partly from the time records as being chargeable to cost of 
 construction and partly from other information available in the 
 files of the Chief Engineer's office; also a portion of the payrolls of 
 the Secretary's office and the other departments of the Commis- 
 sion, estimated as being chargeable to this work; also employes' 
 disbursements; stationery, supplies and printing; rental; tele- 
 phone and telegraph; furniture and fixtures; instrument supplies, 
 maps, plans, prints and photo supplies; etc. It includes also the 
 cost of test borings. A proportion of these disbursements other 
 than salaries was charged to the several lines on the basis of the 
 salary charges. 
 
 Besides the expenditures mentioned in the preceding para- 
 graph as made by the Public Service Commission there has been 
 added the value of the work done by the Board of Rapid Transit 
 Railroad Commissioners prior to July 1st, 1907, so far as such 
 work has been incorporated in the Dual System. This work con- 
 sists of base lines, bench levels, surface topography (field and 
 office work), sub-surface topography, including cross-sections 
 (field and office work), test borings, administrative and legal ex- 
 penses, rent, supplies, etc. 
 
 The expenditures by the Public Service Commission during 
 the years 1907 to 1910 inclusive were for the most part taken from 
 the records made for the purpose of the legislative report known 
 as the Carlisle investigation. Of the Tri-Borough Route there 
 reported, 46% is incorporated in the Lexington Avenue Branch. 
 To these costs has been added a proper percentage of rent, sup- 
 plies, etc., of the Engineering Department and of administrative 
 and legal expenses, etc. 
 
 For the year 1911 the charges to each line were arrived at by 
 estimation. 
 
 During the year 1912, from January to May inclusive, the 
 charges of the Engineering Department to the respective lines were 
 arrived at by estimation; for June to December inclusive the 
 charges are the result of records made up from time reports, 
 as to the field divisions and from partial time reports as to the 
 designs division. An estimated amount was added for the Legal 
 and other departments of the Commission. 
 
 19 
 
For the year 1913 up to March 18th same conditions ruled as 
 for June to December, 1912. 
 
 Lessee's When there are expenditures of an executive 
 
 expenditures and administrative nature it is impossible to 
 generally. allocate them to specific construction work. All 
 
 of the expenditures made by the Interborough 
 Rapid Transit Company prior to the date of the contract, so far 
 as they have been properly chargeable to the Railroad, have been 
 distributed among the several lines, on the basis of relative es- 
 timated costs. 
 
 Lessee's expenses All of the Lessee's expenditures occurring 
 
 for superintendence, in this determination come under the cost 
 of construction item (5) Lessee's expenses 
 for superintendence and cost of equipment item (4) Superinten- 
 dence, etc., so far as the Lessee submitted them. The Lessee sub- 
 mitted a list of vouchers for Engineering and Superintendence 
 which when corrected came to a total of $129,405.01. . This 
 amount was distributed under cost of construction among the 
 several lines. The Lessee submitted also evidences of legal ex- 
 penses and administrative charges which after eliminating the 
 expenses of the publicity campaign aggregated $198,000.00. This 
 amount was distributed under cost of construction and cost of 
 equipment among the several lines. 
 
 Interest on On the first amount in the preceding 
 
 Lessee's money. paragraph interest has been computed at 
 
 6% to March 18th, 1913, from the date of 
 the voucher. No interest has been computed on the second 
 amount, as the date of disbursement for the purpose of this report 
 has been assumed to be March 18th, 1913. 
 
 Interest on Interest on moneys provided by the 
 
 moneys provided City has been computed in three parts : 
 
 by the City. First, interest actually paid on corporate 
 
 stock and notes, less credit of interest 
 on bank balances; second, interest computed on corporate stock 
 interest, ' 'deemed to bear interest at the rate specified in the 
 last then preceding sale by the City of corporate stock;" third, 
 interest on City's expenses for superintendence, etc., ''deemed 
 to bear interest at the rate specified in the last then preceding 
 sale by the City of corporate stock." 
 
 20 
 
The interest actually paid on corporate stock has been re- 
 ported to the Public Service Commission by the Comptroller in a 
 statement under date of September 30th, 1913, which gives details 
 of moneys provided for the Broadway-Lexington Avenue Route 
 as well as for others. This statement gives the amounts provided 
 by notes prior to the sale of corporate stock and that provided 
 by sale of corporate stock, with the dates thereof; total interest 
 payable at the several interest dates and the credit of interest on 
 bank balances; also the allotments as the money was required. 
 
 It was necessary to divide the interest of the Broadway-Lex- 
 ington Avenue Route into three portions; first, that portion in- 
 cluded in the Lexington Avenue Branch of the Seventh Avenue- 
 Lexington Avenue Line; second, that portion embodied in the 
 Broadway-Fourth Avenue Line; and third, that portion involved 
 by contract section 6 of Route 6, which is not a part of the Dual 
 System. To do this the following assumption was made. The 
 interest on the total of the allotted amounts at each interest date 
 was divided on the basis of the total monthly estimates to each 
 respective date. Following are the ratios used: 
 
 To To To To 
 
 Line March 1, Sept. 1, March 1, March 18, 
 
 1912 1912 1913 1913 
 
 Per Cent. Per Cent. Per Cent. Per Cent. 
 Lexington Avenue 
 
 Branch 81.91 79.57 73.74 73.74 
 
 Broadway-Fourth 
 
 Avenue 33 15.79 24.31 24.31 
 
 Eliminated 17.76 4.64 1.95 1.95 
 
 100.00 100.00 100.00 100.00 
 
 Interest on unallotted amounts was assumed to be chargeable 
 proportionally to the sum of the contract value of each contract 
 section divided by the number of months required to complete, 
 giving the following ratios applied up to June 1st, 1912: 
 
 Per Cent. 
 
 Lexington Avenue Branch 72 . 37 
 
 Broadway-Fourth Avenue^Line 15.93 
 
 Eliminated '. 11 .70 
 
 100.00 
 21 
 
For the period subsequent to June 1st, 1912, the ratios were 
 
 Per Cent. 
 
 Lexington Avenue Branch 81 . 95 
 
 Broadway-Fourth Avenue Line 18 . 05 
 
 EHminated 
 
 100.00 
 
 Before applying these ratios the interest chargeable on expendi- 
 tures for real estate was deducted. The application of the above 
 ratios gives an interest charge to the Lexington Avenue Branch, as 
 summarized on the following page. 
 
 Moneys provided by other than corporate stock or corporate 
 stock notes is ''deemed to bear interest at the rate specified in the 
 last then preceding sale by the City of corporate stock or other 
 long term interest bearing securities." The ruling rate from 1910 
 to date has been 4i per cent. The rate of interest on corporate 
 stock sold prior to 1910 averaged very close to 4i per cent, 
 and the same rate of 4i per cent, therefore has been applied to all 
 disbursements. Inasmuch as the exact date of the disburse- 
 ments for City's expenses for Superintendence, etc., on which 
 interest has been computed is not known, it has been assumed 
 that the expenditures for six months, as July 1st to December 
 31st inclusive, were made at the middle day of the period, that 
 is, September 30th, and interest has been computed from 
 such date. 
 
 22 
 
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 23 
 
UNIFORM SYSTEM OF ACCOUNTS 
 
 The details of the Costs hereinbefore set forth should be 
 classified in accordance with the Uniform System of Accounts 
 prescribed for street and electric railways by the Public Service 
 Commission in its order of December 8, 1908, as follows: 
 
 For the Railroad for Initial Operation, 
 
 The Cost of Construction is as follows: 
 
 Lessee 's 
 City's Share. Contribution. 
 Land: 
 
 Right of Way $264,750.39 
 
 Road and Electric Line: 
 
 Tunnels 6,679,178.09 
 
 Undistributed Construction Expenditures: 
 
 Engineering and Superintendence. . 1,098,396.49 $129,405.01 
 
 Law expenditures during Con- 
 struction 43,811.98 46,800.00 
 
 Interest during construction 364,783.36 12,324.44 
 
 Miscellaneous construction expen- 
 ditures 119,144.60 95,760.00 
 
 Totals $8,570,064.91 $284,289.45 
 
 Total Cost of Construction $8,854,354.36 
 
 The Cost of Equipment is as follows : 
 
 Undistributed Construction Expenditures: 
 
 Law expenditures during Construction $18,200.00 
 
 Miscellaneous construction expenditures 37,240.00 
 
 Total Cost of Equipment $55,440.00 
 
 Total Cost of Construction and Cost of Equipment. $8,909,794.36 
 
 24 
 
These costs under the Uniform System of Accounts are for 
 each hne of the Railroad, as follows: 
 
 SEVENTH AVENUE BRANCH OF THE SEVENTH 
 AVENUE-LEXINGTON AVENUE LINE: 
 
 ''Cost of Construction": 
 
 Lessee 's 
 City's Share. Contribution. 
 
 Undistributed Construction Expenditures: 
 
 Engineering and Superintendence. $81,113.61 $38,821.50 
 
 Law expenditures during Con- 
 struction 8,504.64 14,040.00 
 
 Interest during Construction 8,053.62 3,697.33 
 
 Miscellaneous construction expen- 
 ditures 27,07i;76 28,728.00 
 
 Totals $124,743.63 $85,286.83 
 
 Total Cost of Construction $210,030.46 
 
 ''Cost of Equipment": 
 
 Undistributed Construction Expenditures: 
 
 Law expenditures during Construction $2,366.00 
 
 Miscellaneous construction expenditures 4^841.20 
 
 Total Cost of Equipment $7,207.20 
 
 Total Cost of Construction and Cost of Equipment. $217,237.66 
 
 25 
 
LEXINGTON AVENUE BRANCH OF THE SEVENTH 
 AVENUE-LEXINGTON AVENUE LINE : 
 
 ''Cost of Construction": 
 
 Lessee 's 
 City's Share. Contribution. 
 Land: 
 
 Right of Way $264,750.39 
 
 Road and Electric Line: 
 
 Tunnels 6,679,178.09 
 
 Undistributed Construction Expenditures : 
 
 Engineering and Superintendence. 940,253.93 $51,762.01 
 
 Law expenditures during Con- 
 struction 27,967.69 18,720.00 
 
 Interest during Construction 351,932.07 4,929.78 
 
 Miscellaneous construction expen- 
 ditures 65,668.29 38,304.00 
 
 Totals $8,329,750.46 $113,715.79 
 
 Total Cost of Construction $8,443,466.25 
 
 "Cost of Equipment": 
 
 Undistributed Construction Expenditures: 
 
 Law expenditures during Construction $7,644.00 
 
 Miscellaneous construction expenditures 15,640,80 
 
 Total Cost of Equipment $23,284.80 
 
 Total Cost of Construction and Cost of Equipment. $8,466,751.05 
 
 26 
 
EASTERN PAEKWAY LINE : 
 
 ''Cost of Construction": 
 
 Lessee's 
 City 's Share. Contribution. 
 
 Undistributed Construction Expenditures: 
 
 Engineering and Superintendence. $36,794.22 $19,410.75 
 
 Law expenditures during Con- 
 struction 3,531.61 7,020.00 
 
 Interest during Construction 2,456.77 1,848.67 
 
 Miscellaneous construction expen- 
 ditures 12,704.44 14,364.00 
 
 Totals $55,487.04 $42,643.42 
 
 Total Cost of Construction $98,130.46 
 
 ''Cost of Equipment": 
 
 Undistributed Construction Expenditures : 
 
 Law expenditures during Construction $2,912.00 
 
 Miscellaneous construction expenditures 5,958.40 
 
 Total Cost of Equipment $8,870.40 
 
 Total Cost of Construction and Cost of Equipment. $107,000.86 
 
 27 
 
STEINWAY TUNNEL LINE: 
 
 "Cost of Construction": 
 
 Lessee 's 
 
 City's Share. Contribution. 
 
 Undistributed Construction Expenditures: 
 
 Engineering and Superintendence. $36,444.62 $12,940.50 
 
 Law expenditures during Con- 
 struction 2,274.43 4,680.00 
 
 Interest during Construction 1,204.60 1,232.44 
 
 Miscellaneous construction expen- 
 ditures 8,041.78 9,576.00 
 
 Totals $47,965.43 $28,428.94 
 
 Total Cost of Construction $76,394.37 
 
 ''Cost of Equipment": 
 
 Undistributed Construction Expenditures : 
 
 Law expenditures during Construction $3,458.00 
 
 Miscellaneous construction expenditures. ...... 7,075.60 
 
 Total Cost of Equipment $10,533.60 
 
 Total Cost of Construction and Cost of Equipment. $86,927.97 
 
 28 
 
WHITE PLAINS ROAD LINE : 
 
 "Cost of Construction": 
 
 Lessee 's 
 City's Share. Contribution. 
 
 Undistributed Construction Expenditures: 
 
 Engineering and Superintendence. $3,790.11 $6,470.25 
 
 Law expenditures during Con- 
 struction 1,533.61 2,340.00 
 
 Interest during Construction 1,136.30 616.22 
 
 Miscellaneous construction expen- 
 ditures 5,658.33 4,788.00 
 
 Totals $12,118.35 $14,214.47 
 
 Total Cost of Construction $26,332.82 
 
 ''Cost of Equipment": 
 
 Undistributed Construction Expenditures: 
 
 Law expenditures during Construction $1,820.00 
 
 Miscellaneous construction expenditures 3,724.00 
 
 Total Cost of Equipment $5,544.00 
 
 Total Cost of Construction and Cost of Equipment. $31,876.82 
 
 Dated, New York, 
 
 October 14, 1913. 
 
 Alfred Craven, 
 
 Chief Engineer of the Public Service Commission 
 for the First District. 
 
 29 
 
k^ 
 
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To the 
 
 Public Service Commission for the First District and 
 New York Municipal Railway Corporation: 
 
 Pursuant to the provisions of Contract 4 and the 
 certificates related thereto, under this date I am rendering 
 in detail my determinations of the costs paid or accrued 
 prior to March 19, 1913, separately with respect to 
 Contract 4 and each certificate. 
 
 These determinations, summarized, are for 
 
 Expenditures Expenditures 
 
 by City. by Lessee. Total. 
 Contract 4 Railroad: 
 
 Cost of Construction $33,531,583.57 $653,740.67 $34,185,324.24 
 
 Cost of Equipment 784,488.82 784,488.82 
 
 Total Cost of the 
 
 Railroad $33,531,583.57 $1,438,229.49 $34,969,813.06 
 
 Contract 4 Reconstruc- 
 tion of Existing Rail- 
 roads: 
 
 Cost of Construction 882,999.51 882,999.51 
 
 Cost of Equipment 294,183.29 294,183.29 
 
 Total Cost of Recon- 
 struction of Ex- 
 isting Railroads.. $1,177,182.80 $1,177,182.80 
 
 Total Cost of Con- 
 tract 4 $33,531,583.57 $2,615,412.29 $36,146,995.86 
 
 Certificate for Aditional 
 
 Tracks : None None 
 
 Certificate for Elevated Exten- 
 sions : None None 
 
 Total for New York 
 Municipal Railway 
 Corporation Lines, 
 Contract 4 and 
 Certificates $33,531,583.57 $2,615,412.29 $36,146,995.86 
 
 Dated New York, 
 
 November 24, 1913. 
 
 ALFRED CEAYEN, 
 
 Chief Engineer, 
 Public Service Commission for the First District. 
 
 Note. Attached hereto is a tabulation giving the Lessee's ex- 
 penditures by items as defined in the Contract. 
 
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In the Matter 
 
 OF THE 
 
 Determination of the Chief Engineer 
 of the Public Service Commission for/ 
 the First District under the contract,! 
 dated March 19, 1913, between The 
 City of New York, acting by the Pub-/ 
 lie Service Commission for the First 
 District, and New York Municipal 
 Eailway Corporation, of the cost of 
 construction and cost of equipment of 
 the Eailroad paid or accrued prior to 
 March 19, 1913. 
 
 Pkioe Determination 
 
 " Eailroad " 
 
 November 24, 1913. 
 
To the 
 
 Public Service Commission for the First District, and 
 New York Municipal Railway Corporation: 
 
 Pursuant to the provisions of the contract dated March 19, 
 1913, between The City of New York, acting by the Public Service 
 Commission of the First District, and the New York Municipal 
 Eailway Corporation, known as Contract No. 4, and in accord- 
 ance with the terms of Article XXIX thereof, I hereby render 
 my determination of the " Cost of Construction '' and the " Cost 
 of Equipment" of the Railroad paid or accrued prior to March 
 19, 1913. 
 
 For the Eailroad, 
 
 The Cost of Construction (Article II, Subdivision 14) is as 
 follows : 
 
 Lessee's 
 City's Share. Contribution. Total. 
 
 (1) Labor and materials $25,406,350.87 $25,406,350.87 
 
 (2) Real estate 2,607,748.59 2,607,748.69 
 
 (3) Debt discount and expense...... 
 
 (4) City's expenses for superintend- 
 
 ence, etc 2,226,301 .25 2,226,301 . 25 
 
 (5) Lessee's expenses for superin- 
 
 tendence, etc $58,916 . 10 53,916 . 10 
 
 (6) Taxes 250.00 250.00 
 
 (7) Interest 3,291,182.86 599,574.57 3,890,757.43 
 
 Total .' $33,531,583.57 $653,740.67 $34,185,324.24 
 
 The Cost of Equipment for Initial Operation (Article II, Sub- 
 division 15) : 
 
 Cost to Lessee. 
 
 ( 1 ) Labor and materials 
 
 ( 2 ) Real estate 
 
 (3) Debt discount and expense 
 
 (4) Superintendence, etc $64,699.32 
 
 (5) Taxes 300.00 
 
 (6) Interest 719,489.50 
 
 Total $784,488.82 
 
 Total Cost of Construction and Cost of Equipment $34,969,813.06 
 
 Each of the seven parts of the Cost of Construction and the 
 six parts of the Cost of Equipment is taken up hereafter in 
 its order. They are shown as applied to the several portions, 
 or lines, of the Eailroad. The City^s share and the Lessee's con- 
 tribution to Cost of Construction are shown separately, and 
 represent actual expenditures chargeable to the respective lines, 
 and the sum of the City's share and the Lessee's contribution 
 as tabulated above represents the actual and necessary cost. 
 
 It is necessary to keep separate the City's share and the 
 Lessee's contribution as to parts of the Eailroad in order to 
 
 3 
 
provide g, basis for computing deductions from revenue in the 
 ease of temporary operation (Article XLIX, Subdivision 7, and 
 Article LII). It is also necessary to separate the cost of con- 
 struction and cost of equipment into lines of the Railroad to 
 accord with the provisions of the contract relative to recaption. 
 
 . The records of costs, from which this determination is made, 
 are kept in such detail that the cost of any principal part of the 
 Railroad may be identified so that in case of its retirement or 
 withdrawal from service, the said cost may be withdrawn from 
 the appropriate depreciation fund as provided under Article 
 XLIX/ Subdivision 5. A summary of these records is given in 
 an appendix. The Uniform System of Accounts as prescribed 
 by the Public Service Commission is followed for this purpose. 
 The Uniform System of Accounts prescribed for all street rail- 
 way companies contains a complete classification of property ac- 
 counts similar to that prescribed in other jurisdictions and there- 
 fore entitled to recognition as a standard classification. This 
 classification will permit the itemization of costs as between tun- 
 nels, track, signal system, electric line construction, cars, and 
 other classes of equipment. 
 
COST OF CONSTEUCTION 
 
 Labor and " W The actual and necessary net 
 
 materials ^'^^^ ^^ money of all labor and materials 
 
 entering into Construction." Section 11 
 of Article II says : " The word ' Construction ' to mean 
 all work of constructing the Railroad including the doing 
 of work, the providing of materials, the restoration and 
 reconstruction of street surfaces, sewers, and all surface, 
 subsurface and overhead and abutting structures inter- 
 fered with during the building of the Railroad and all 
 other work to be done or materials to be furnished of 
 every nature whatsoever necessary to the completion of 
 the railroad structure, all tracks (meaning thereby the 
 track structure complete, including all ballast, ties, con- 
 crete, rails, special work, spikes, joints, bolts, tie plates, 
 and all other material or apparatus necessary to build the 
 track, but not including electrical or signal material or 
 apparatus), together with all real estate and interests 
 therein necessary to be acquired or extinguished for the 
 purpose of constructing and operating the Railroad." 
 
 The cost of 
 
 (1) Labor and materials for such specified portions, or lines, 
 of the Railroad is as follows : 
 
 Lessee's 
 City's Share Contribution Total 
 
 (I) B'way - Fourth 
 
 Ave. Line . . . $25,406,350 . 87* $25,406,350 . 87 
 
 (II) Culver Line. . . 
 
 (III) Fourteenth St.- 
 
 Eastern Line 
 
 Total cost for Labor 
 and materials pur- 
 suant to the con- 
 tract for the period 
 prior to March 19, 
 1913 $25,406,350.87 $25,406,350.87 
 
 *NoTE $54,261.63 of this (cost for Canal Street physical connection) will be 
 pmyable by the Lessee during a subsequent period, pursuant to Art. XI of Contract 4. 
 
 (For details, see pp. 14 to 32 post.) 
 5 
 
Real estate " (^) The actual and necessary net 
 
 cost in money of any real estate or interest 
 therein acquired or extinguished for Construction, in- 
 cluding terminals, storage yards and shops, together with 
 the actual and necessary expense in connection with such 
 acquisition or extinction, but there shall not be included 
 in the term ^ real estate or interest therein ' any damages 
 the City may have to pay for acquiring rights or ease- 
 ments for the Eailroad in streets under the principles of 
 the decision in Matter of Board of Eapid Transit Eail- 
 road Commissioners (Joralemon Street), 197 N. Y. 31. 
 There shall be included, however, damages the City may 
 have to pay for extinguishing rights of light, air and 
 access in connection with the construction of the elevated 
 portions of the Eailroad." 
 
 The cost of 
 
 (2) Eeal estate for such specified portions, or lines, of the 
 Eailroad is as follows: 
 
 Lessee's 
 City's Share Contribution Total 
 
 (I) BVay - Fourth 
 
 Ave. Line . . . $2,607,748 . 59 $2,607,748 . 59 
 
 (II) Culver Line .. . 
 
 (III) Fourteenth St.- 
 
 E astern Line 
 
 Total cost for real 
 estate pursuant to 
 the Contract prior 
 to March 19, 1913. $2,607,748.59 $2,607,748.59 
 
 (For details, see pp. 32 to 34 post.) 
 6 
 
City's expense for /' (*) .^he actual and necessary 
 
 superintendence, etc. "^^ ':^* ^^ o.*'y ^ ^^^ pity for 
 superintendence, insurance, damages, 
 engineering, and legal expenses and administration in and 
 about Construction and Equipment, and in and about the 
 plant and property constructed and provided under the 
 certificates for extensions and additional tracks herein- 
 before referred to, including in respect of the cost of con- 
 struction the expenses above referred to in this paragraph 
 actually and necessarily incurred or payable by the City 
 in and about the Construction and Equipment (and such 
 construction and provision of the plant and property of 
 such extensions and additional tracks) prior to the date 
 of this contract/' 
 
 The cost of 
 
 (4) City's expense for superintendence, etc., for such specified 
 portions of the Railroad and about the plant and property con- 
 structed and provided under certificates and also in and about 
 the reconstruction of existing railroads is as follows : 
 
 (I) Broadway-Fourth Avenue Line $2,164,018.01 
 
 (II) Culver Line 11,525.33 
 
 (III) Fourteenth St.-Eastern Line 40,196 . 38 
 
 *(IV) Reconstruction of Existing Railroads 5,280.78 
 
 (V) Additional Tracks provided under certificate 2,112 . 30 
 (VI) Elevated Extensions provided under certifi- 
 cate 3,168.45 
 
 Total cost for City's expense for superintendence, 
 
 etc., prior to March 19, 1913 $2,226,301.25 
 
 The above determination includes only expenditures of the City's 
 money by the Public Service Commission for the First District, and its 
 predecessor, the Board of Rapid Transit Railroad Commissioners. 
 
 * Note. This item is not specifically covered by the definition above 
 quoted. {See Appendix.) 
 
 (For details, see pp. 35 to 36, post.) 
 
 7 
 
Lessee's expense for , " ( ^ ) . ^^e actual and necessary 
 superintendence, etc. "^^ ^'\ m money to the Lessee for 
 superintendence, insurance, dam- 
 ages, administration, engineering and legal expenses in 
 and about Construction including in respect of the cost 
 of construction for initial operation the expenses above 
 referred to in this paragraph actually and necessarily 
 incurred or payable by the Lessee in and about Con- 
 struction prior to the date of this contract and in addi- 
 tion the actual and necessary expense incurred or pay- 
 able by the Lessee in printing, engraving and certifying 
 securities for Construction and the actual and necessary 
 expense in organizing the Lessee/^ 
 
 The cost of 
 
 (5) Lessee's expense for superintendence, etc., for such spec- 
 ified portions, or lines, of the Eailroad is as follows : 
 
 Lessee's 
 Contribution 
 
 (I) Broadway-Fourth Avenue Line $43,132.88 
 
 (II) Culver Line 2,695.80 
 
 (III) Fourteenth St.-Eastern Line 8,087 . 42 
 
 Total cost for Lessee's expense for superintendence, 
 etc., pursuant to the Contract, prior to March 19, 
 1913 $53,916.10 
 
 (For details, see pp. 41 to 45, post.) 
 8 
 
rjs " (6) Taxes, assessments or other gov- 
 
 ^^^^* emmental charges (including mortgage 
 
 recording tax) of every description against the Lessee 
 actually and necessarily paid or accrued in and about 
 Construction pending the beginning of operation of the 
 part of the Eailroad as to which such taxes, assessments 
 or other governmental charges were paid or accrued. 
 During operation such assessments for benefits as are not 
 properly chargeable against revenue shall be charged to 
 cost of construction/' 
 
 The cost of 
 
 (6) Taxes for such specified portions, or lines, of the Eail- 
 road is as follows : 
 
 Lessee's 
 Contribution 
 
 (I) Broadway-Fourth Avenue Line $200.00 
 
 (II) Culver Line 12.50 
 
 (III) Fourteenth St.-Eastern Line 37 . 50 
 
 Total cost for Taxes pursuant to the Contract, prior 
 to March 19, 1913 $250.00 
 
 (For details, see pp. 41 to 45, post.) 
 
Interest " C^) Interest actually and necessarily 
 
 paid or accrued on moneys provided by 
 the City or by the Lessee or on its behalf from time to 
 time for the items of this definition from the respective 
 times of providing said moneys (but not including interest 
 on any moneys provided by the Lessee or on its behalf 
 prior to October 1, 1912)( to the beginning of operation 
 of the part of the Eailroad for which such moneys were 
 provided, less any interest received by the City or by the 
 Lessee or on behalf of the Lessee on such moneys/' 
 
 " In case any portion of the cost of construction borne 
 by the City shall be met by other than corporate stock 
 or other long term interest bearing securities, the same 
 shall be deemed to bear interest at the rate specified in the 
 last then preceding sale by the City of corporate stock or 
 other long term interest bearing securities." 
 
 The cost of 
 
 (7) Interest for such specified portions, or lines, of the 
 Eailroad is as follows : 
 
 City's Lessee's 
 
 Share. Contribution. Total. 
 (I) B'way- Fourth 
 
 Ave. Line... $3,286,756.62 $479,659.66 $3,766,416.28 
 
 (II) Culver Line... 419.37 29,978.73 30,398.10 
 
 (III) Fourteenth St.- 
 
 
 
 
 Eastern Line 
 
 3,671.76 
 
 89,936.18 
 
 93,607.94 
 
 (IV) Eeconstruction 
 
 
 
 
 of Existing 
 
 
 
 
 Eailroads . . 
 
 167.55 
 
 
 167.55 
 
 (V) Additional 
 
 
 
 
 Tracks , 
 
 67.03 
 
 
 67.03 
 
 (VI) Elevated Exten- 
 
 
 
 
 sions 
 
 100.53 
 
 
 100.53 
 
 Total cost for Interest 
 pursuant to the Con- 
 tract prior to March 
 19, 1913 $3,291,182.86 $599,574.57 $3,890,757.43 
 
 (For details, see pp. 36 to 40 and 46 to 47, post.) 
 10 
 
COST OF EQUIPMENT. 
 
 Superintendence, etc. , " (^l ^^^ ^^^^f 1 and necessary " 
 net cost m money to the Lessee for 
 superintendence, insurance, damages, administration, engi- 
 neering and legal expenses in and about the provision of the 
 Equipment, including in respect of the cost of equipment 
 for initial operation the expenses above referred to in this 
 paragraph actually and necessarily incurred or payable by 
 the Lessee in and about Equipment prior to the date of this 
 contract, and in addition the actual and necessary expense 
 incurred or payable by the Lessee in printing, engraving and 
 certifying securities for Equipment and the actual and nec- 
 essary expense in organizing the Lessee.*' 
 
 The cost of 
 
 (4) Superintendence, etc., for such specified portions, or lines, 
 of the Eailroad is as follows : 
 
 (I) Broadway-Fourth Avenue Line $48,524.49 
 
 (II) Culver Line 9,704.90 
 
 (III) Fourteenth St.-Eastern Line 6,469.93 
 
 Total cost for Superintendence, etc., pursuant to the 
 
 Contract, prior to March 19, 1913 $64,699 . 32 
 
 (For details, see pp. 41 to 45, post.) 
 U 
 
"(5) Taxes, assessments or other governmental 
 laxes. charges (including mortgage recording tax) of 
 every description against the Lessee actuall}^ and necessarily 
 paid or accrued in and about the provision of the Equipment 
 pending the time when the portions of the Equipment as to 
 which such taxes, assessments or other governmental charges 
 were paid or accrued are placed in operation. During opera- 
 tion such assessments for benefits as are not properly charge- 
 able against revenue shall be charged to cost of equipment/' 
 
 The cost of 
 
 (5) Taxes for such specified portions, or lines, of the Eailroad 
 is as follows: 
 
 (I) Broadway-Fourth Avenue Line $225.00 
 
 (II) Culver Line 45.00 
 
 (III) Fourteenth St.-Eastern Line. . .^ 30 . 00 
 
 Total cost for Taxes pursuant to the Contract, prior to 
 
 March 19, 1913 $300.00 
 
 (For details, see pp. 41 to 45, post.) 
 12 
 
Interest " (^) Iiiterest actually and necessarily paid 
 
 or accrued on moneys provided by the Lessee or 
 on its behalf from time to time for the items of this defini- 
 tion from the respective times of providing said moneys 
 (but not including interest on any moneys provided by the 
 Lessee or on its behalf prior to October 1, 1912) to the be- 
 ginning of operation of the part of the Equipment for which 
 such moneys were provided, less any interest received by the 
 Lessee or on its behalf on such moneys." 
 
 The cost of 
 
 (6) Interest for such specified portions, or lines, of the Eail- 
 road is as follows: 
 
 (I) Broadway-Fourth Avenue Line $539,617.12 
 
 (II) Culver Line 107,923.43 
 
 (III) Fourteenth St.-Eastern Line 71,948.95 
 
 Total cost for Interest pursuant to the Contract, prior 
 
 to March 19, 1913 $719,489.50 
 
 (For details, see pp. 46 to 47, post.) 
 13 
 
APPENDICES EXPLANATOEY OF THE ABOVE 
 DETERMINATIONS. 
 
 '^ Labor and materials '^ means the cost of con- 
 materials structing the Railroad by sections under the sev- 
 eral construction contracts which have either 
 been entered into or may be entered into from time to time. 
 These construction contracts cover the prosecution of the con- 
 struction work and payment therefor. Each month the various 
 contractors executing the contracts are paid upon the basis of 
 monthly estimates certified to by me. The aggregate of these 
 monthly estimates represents the cost of labor and materials 
 entering into construction. These monthly estimates are cus- 
 tomarily made as of the last day of the month and cover the 
 cost of construction as of such date. The estimates are identified 
 by numbers, which indicate the serial order in which such esti- 
 mates have been made. 
 
 Article XXIX requires the Chief Engineer to determine the 
 cost of construction paid or accrued prior to the date of the con- 
 tract. Therefore, this covers the cost to and including March 18, 
 1913. For this reason it has been assumed that 18/31sts of the 
 March construction contract regular estimates accrued prior to 
 March 19, 1913, leaving 13/31sts of such certified estimates to be 
 entered into the cost of construction for the first quarterly deter- 
 mination. This is the most satisfactory method of dividing the 
 labor and material costs for March as between the prior determina- 
 tion and the quarterly determination. 
 
 Since the labor and material is based upon the section contract 
 for construction, as already explained, it has been considered advis- 
 able to subdivide the labor and material determination by sections. 
 Also a certain amount of subdivision is desirable so that if the 
 Conimission should declare any part of the Railroad ready for opera- 
 tion, as provided under Article LII of the contract, the cost of 
 such part to be used as a basis for the distribution of revenue could 
 be readily determined. Exactly what parts might be declared ready 
 for operation it is hardly feasible to say at this time. The con- 
 struction contract is a reasonable unit to keep identified so that any 
 combination may be made as required. Therefore, 
 
 (1) The cost of labor and material as included in this deter- 
 mination for the cost of construction paid or accrued prior to March 
 19, 1913, by sections and estimates as follows: 
 
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The Roman figures vunder the column " Certified Under ^^ refer 
 to article numbers in the construction contracts. Article XI 
 covers work susceptible of classification which is certified to under 
 the regular estimates at the regular unit prices. Article XII 
 covers work not susceptible of classification for which special esti- 
 mates are made. The words " regular " and " extra '' are used 
 (in the column "Certified Under ^') in the case of the older 
 construction contracts. These were let on terms different from 
 the newer ones in that the contract was for a lump sum subject 
 to modification as in the respective contracts provided. " Regular " 
 refers to payments made of the lump sum value of the contract 
 and the monthly payments are made relative to the said contract 
 value of the entire work. " Extra " refers to payments made for 
 the work done under modification of the respective contracts. All 
 " regular " estimates and estimates for " extra " work submitted 
 regularly (the older construction contracts) are included in the 
 determination as accruing on the last day of the month which 
 they cover. Special estimates covering scattered work prosecuted 
 at various times are considered as having accrued on the date on 
 which the estimate is certified- 
 
 The detailed plans for construction of some of the older sec- 
 tion contracts provide for pipe galleries, and separate contracts 
 for such galleries accompanied the contracts for construction of 
 the railroad. The definition of construction covers the restora- 
 tion and reconstruction of street surfaces, sewers and of surface, 
 subsurface and overhead and abutting structures interfered with 
 in the building of the railroad, and all other work to be done or 
 materials to be furnished of every nature whatsoever, necessary 
 to the completion of the railroad structure (Chapter II of said 
 construction contract). The cost of pipe galleries does not come 
 within this definition and is therefore not included in the deter- 
 mination. 
 
 " Real estate " means, as represented by the 
 amounts which have entered into this determina- 
 tion, the disbursements as reported by the Auditor of the Public 
 Service Commission, covering the following necessary expendi- 
 tures in the acquisition of properties, easements, and leases: 
 
 Compensation of commissioners of appraisal, consulting en- 
 gineers, experts of appraisal of lands, buildings, machinery, etc. ; 
 clerical, stenographic and photographic services rendered to the 
 commissioners of appraisal, printing and supplies for the same ; 
 
 32 
 
advertising of notices of the several authorities ; fees for examining 
 and insuring titles ; payments and awards together with the credit 
 of proceeds from the rental and sales of buildings and lands. 
 
 As in the case of labor and materials, a certain amount of sub- 
 division is desirable and is given in the following tabulation: 
 
 (2) Eeal ^estate represented by City's expense as included in 
 this determination for the Cost of Construction for the period prior 
 to March 19, 1913, is as follows: 
 
 33 
 
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 34 
 
p. , The City's expenses for superintendence, 
 
 . etc., means, as represented by the amounts 
 
 * which have entered into this determination 
 a portion of the payroll of the Engineering Department, determined 
 partly from the time records as being chargeable to cost of con- 
 struction and partly from other information available in the files 
 of the Chief Engineer's office; also a portion of the payrolls of 
 the Secretary's office and the other departments of the Com- 
 mission, estimated as being chargeable to this work; also employees' 
 disbursements; stationery, supplies and printing; rental; tele- 
 phone and telegraph; furniture and fixtures; instrument supplies; 
 maps, plans, prints and photo supplies, etc. It includes also 
 the cost of test borings. A proportion of these disbursements 
 other than salaries was charged to the several lines on the basis 
 of the salary charges. 
 
 Besides the expenditures mentioned in the preceding paragraph 
 as made by the Public Service Commission there has been added 
 the value of the work done by the Board of Rapid Transit Eailroad 
 Commissioners prior to July 1st, 1907, so far as such work has 
 been incorporated in the Dual System. This work consists of 
 base lines, bench levels, surface topography (field and office work), 
 sub-surface topography including cross-sections (field and office 
 work), test borings, administrative and legal expenses, rent, sup- 
 plies, etc. It includes designs for the Centre Street Loop and the 
 Fourth Avenue Brooklyn Subway- 
 
 The expenditures by the Public Service Commission during 
 the years 1907 to 1910 inclusive were for the most part taken 
 from the records made for the purpose of the legislative report 
 known as the Carlisle investigation. Of the Tri-Borough Route 
 there reported, 29 per cent, is incorporated in the Broadway- 
 Fourth Avenue Line. The Brooklyn Loop Line and the Fourth 
 Avenue Subway were taken in their entirety. To these costs 
 has been added a proper percentage of rent, supplies, of the 
 Engineering Department and of administrative and legal ex- 
 penses, etc. 
 
 For the year 1911 the charges to each line were arrived at by 
 estimation. 
 
 During the year 1912, from January to May inclusive, the 
 charges of the Engineering Department to the respective lines 
 were arrived at by estimation; for June to December inclusive 
 the charges are the result of records made up from time reports 
 as to the field divisions and from partial time reports as to the 
 
designs division. An estimated amount was added for the Legal 
 and other departments of the Commission. 
 
 For the year 1913 up to March 18th same conditions ruled 
 as for June to December, 1912. 
 
 Although the item for the Eeconstruction of Existing Eailroads 
 (IV) is not specifically included in " City^s Expenses for Super- 
 intendence, etc./' under the Cost of Construction of the Eailroad, 
 its determination is provided for in Article XIII of Contract 4. 
 
 Interest on moneys provided by the 
 Interest on moneys r^-. , , x n ^ ^ 
 
 . , , p,. City has been computed m tour parts : 
 
 y y' First, interest actually paid on corporate 
 
 stock and notes, less credit of interest on bank balances; Second, 
 interest computed on corporate stock interest " deemed to bear 
 interest at the rate specified in the last then preceding sale by the 
 City of corporate stock '' ; Third, interest on City's expenses for 
 superintendence, etc., " deemed to bear interest at the rate speci- 
 fied in the last then preceding sale by the City of corporate stock " ; 
 Fourth, credit of interest computed on proceeds received from 
 the sale and from the use of real estate, ^'deemed to bear interest 
 at the rate specified in the last then preceding sale by the City of 
 corporate stock." 
 
 The interest actually paid on corporate stock has been reported 
 to the Public Service Commission by the Comptroller in a statement 
 under date of September 30th, 1913, which gives details of moneys 
 provided for the Centre Street Loop Lines, for the Fourth Avenue 
 Subway and for the Broadway-Lexington Avenue Route. This 
 statement gives the amounts provided by notes prior to the sale of 
 corporate stock and that provided by the sale of corporate stock 
 with the dates thereof, the total interest payable at the several 
 interest dates and the credit of interest on bank balances, also 
 the allotments as the money was used. 
 
 It was necessary to divide the interest of the Broadway- 
 Lexington Avenue Eoute into three portions: First, That portion 
 embodied in the Broadway-Fourth Avenue Line ; Second, That por- 
 tion included in the Lexington Avenue branch of the Seventh Ave- 
 nue-Lexinsrton Avenue Line ; Third, That portion involved by con- 
 tract section 6 of Eoute 5, which is not a part of the Dual System. 
 To do this the following assumption was made. The interest 
 on the total of the allotted amounts at each interest date was 
 divided on the basis of the total monthly estimates to each respective 
 date. The following are the ratios used : 
 
 36 
 
To To To To 
 
 Mar. 1, Sept. 1, Mar. 1, Mar. 18, 
 
 Line 
 
 1912 
 
 1912 
 
 1913 
 
 1913 
 
 
 Per Cent. 
 
 Per Cent. 
 
 Per Cent. 
 
 Per Ceni 
 
 Broadway - Fourth 
 
 
 
 
 
 A\'nue 
 
 0.33 
 
 15.79 
 
 24.31 
 
 24.31 
 
 Lexington A y e n ii e 
 
 
 
 
 
 Branch 
 
 81.91 
 
 79.57 
 
 73.74 
 
 73.74 
 
 Eliminated 
 
 17.76 
 
 4.64 
 
 1.95 
 
 1.95 
 
 
 
 100.00 100.00 100.00 100.00 
 
 Interest on unallotted amounts was assumed to be chargeable 
 proportionately to the sum of the contract yalue of each contract 
 section, diyided by the number of months required to complete, 
 giying the following ratios; applied up to June 1st, 1912: 
 
 Per Cent. 
 
 Broadway-Fourth Ayenue Line 15.93 
 
 Lexington Ayenue Branch 72.37 
 
 Eliminated 11 . 70 
 
 100.00 
 
 For the period subsequent to June 1st, 1912, we get : 
 
 Broadway-Fourth Ayenue Line 18.05 
 
 Lexington Avenue Branch 81.95 
 
 Eliminated 
 
 100.00 
 
 Before applying these ratios the interest chargeable on ex- 
 penditures for real estate was deducted. The application of the 
 aboye ratios giyes an interest charge to the Broadway-Fourth 
 Ayenue Line, as follows: 
 
 Broadway Portion of Broadway-Lexixgton Avenue 
 
 Route, Corporate Stock Interest 
 
 TO March 19, 1913. 
 
 Corporate Stock Interest actually paid or accrued. . $68,347.83 
 
 Interest on same at 4i/4 per cent 524. 57 
 
 Total Interest Chargeable to Cost of Construc- 
 tion $68,872.40 
 
 37 
 
It was necessary to reduce the interest reported by the Comp- 
 troller as paid on account of the Centre Street Loop Lines by 
 an amount chargeable to the construction of pipe galleries. To 
 do this the ratio of expenditures to March 19th on pipe galleries 
 to the total expenditures on railroad and pipe galleries was applied 
 to the total interest charge. The ratio was 1.92 per cent. Before 
 applying this ratio deduction was made of the interest computed 
 on payments made for real estate. The following table shows 
 the correction : 
 
 Ceis^tre Street Loop Interest to March 19, 1913. 
 
 Corporate Stock Interest 
 actually paid or ac- 
 crued $1,744,306.50 
 
 Interest, on same at 4^4: 
 
 per cent 139,556.87 
 
 $1,883,863 . 37 
 
 Interest on Eeal Estate ($2,991,062 . 55) 
 
 (compounded) at 4l^ per cent 290,253.26 $290,253.26 
 
 $1,593,610.11 
 Deduct 1.20 per cent, for pipe galleries 19,123.32 
 
 1,574,486.79 
 
 Total Interest on Eailroad and Eeal Estate ^1,864,740.05 
 
 Credit Interest on Proceeds from Eeal Estate 
 ' ($753,775.04) at 4i/i per cent 75,748.33 
 
 Total Interest Chargeable to Cost of Construc- 
 tion $1,788,991.72 
 
 38 
 
The same was the case with the Fourth Avenue, Brooklyn, 
 subway. The ratio in this case was 1.20 per cent. The following 
 table shows the correction: 
 
 FouKTH Avenue Subway Interest to March 19, 1913. 
 
 Corporate Stock Interest 
 actually paid or ac- 
 crued $1,124,399.87 
 
 Interest on same at 4^4 
 
 per cent 43,023.45 
 
 $1,167,423.32 
 
 Interest on Real Estate ($386,297.69) 
 
 (compounded) at 4% per cent 25,831.09 
 
 $25,831.09 
 
 Xet interest chargeable to Railroad 
 
 and pipe galleries $1,141,592.23 
 
 Deduct 1.92 per cent, for pipe gal- 
 leries 21,918.57 
 
 1,119,673.66 
 
 Total Interest on Railroad and Real Estate $1,145,504.75 
 
 Credit Interest on Proceeds from Real Estate 
 
 ($15,835.61) at 4i/4 per cent 1,580.56 
 
 Net Interest Chargeable to Cost of Construction. .$1,143,924.19 
 
 Moneys provided by other than corporate stock or corporate 
 stock notes is " deemed to bear interest at the rate specified in 
 the last then preceding sale by the City of corporate stock or 
 other long term interest bearing securities." The ruling rate 
 from 1910 to date has been 4i/^ per cent. The rate of interest 
 on corporate stock sold prior to 1910 averaged very close to 4^ 
 ' per cent., and the same rate of 4^ per cent, therefore has been 
 applied to all disbursements. Inasmuch as the exact date of the 
 disbursements for City's expenses for superintendence on which 
 interest has been computed is not known, it has been assumed 
 that the expenditures for six months, as July 1st to December 
 31st inclusive, were made at the middle day of the period, that 
 is, September 30th, and interest has been computed from such 
 date. 
 
 A summary of all interest on moneys provided by the City 
 follows : 
 
 39 
 
.2 
 
 ^ -5 -2 
 
 rt * _ 
 
 :: 1 s 
 
 I a fl 
 O 2 
 
 
 - a - 
 
 
 "I 
 
 S 2 
 o 2 
 
 
 hJ =5 
 
 e8 O 
 
 QO 
 
 ?2 
 
 00 
 
 CO 
 
 CO 
 
 t^ 
 
 00 
 
 
 t^ iC t^ 
 
 03 
 
 o 
 
 _^ 00 -^ IC 
 
 00 
 
 +> 
 
 S O CO * 
 
 * 
 
 ?^ 
 
 C kC (N (N 
 
 o 
 
 iCi O lO 
 
 
 
 
 a CO 
 
 CO 
 
 C! 
 
 S CO Tj< 
 
 00 
 
 00 05 .-( t^ t^ 
 
 CO "-I t^ ^ CO 
 
 05 Tt< CO i-l 
 
 g 
 
 00 
 
 CO 
 00 
 
 "2 n 
 
 CO 
 
 
 
 g 
 
 00 
 CD 
 
 73 Qj 
 
 o 
 
 2 
 3 .9 
 
 15 ca 03 g 
 
 P^ OS -<J W 
 
 o 
 
 ' al 
 
 I "S 3 
 
 M O 
 
 o 
 
 40 
 
 I a| 
 
 ID Q 3 
 
 W O M 
 -2 ^ 
 ^ fl 
 
 -"it 
 
 i s 
 
 u 
 o 
 
 02 ^ g 
 o ^1 
 
 O fe pq 
 
T , When there are expenditures of an executive 
 
 and administrative nature it is impossible to ai- 
 locate them to specific construction work. Such 
 ^* expenditures made by the New York Municipal 
 
 Eailway Corporation prior to the date of the contract have been 
 distributed among the several lines affected in each particular 
 case, on the basis of relative estimated costs. The percentages of 
 these relative costs are given in the tabulation immediately fol- 
 lowing which represents the understanding with respect thereto 
 between representatives of New York Municipal Eailway Cor- 
 poration and myself. 
 
 41 
 

 C 
 
 o 
 8 ^ 
 
 II 
 
 o 
 
 1 ^ 
 
 i .2 
 
 5 a 
 
 a o 
 
 o 3 
 
 o g ij 
 
 .2 '^ fl 
 
 "^ a "11 
 
 o "^ d 
 
 :i a d 
 
 ago 
 
 aj o M 
 
 2 (H a 
 
 a:5 
 
 ^ S 
 
 s t^ 
 
 .ti a fl 
 , = o 
 
 2 M^ 
 
 ** 2 J 
 o d o 
 -a ^ 
 
 s s 
 
 '^ ft " 
 fe 2 
 
 -I T 
 
 g- to 
 
 ^ a * 
 
 a 03 m 
 
 a t^ a 
 
 < t % 
 
 2 & 
 
 U 
 
 52 
 
 o 
 
 L 
 
 pq o ;2; 
 
 "S 
 
 '^ ;:; rt <N N (N 1 
 
 P4 
 
 a 
 fl 2 
 
 13 a 
 o o 
 
 ^ 9 
 a o 
 
 6" 
 
 d o o lo lo 
 O 
 
 t3 
 
 d a s ro 
 j=i 2 2 
 O Z pq p^ 
 
 11 S" 
 pq W Si Si ^ 
 
 d d <J <1 
 o o o o S 
 j:3 ^ -g -P pq 
 
 s-c ^ ^ g 
 
 pq pq ) ^ cc 
 
 d 
 
 d'^ 
 d (u 
 
 S -d d 
 
 -4 a 
 
 >> 0? p, 
 
 d h d 
 
 o (S a* 
 
 O >H w 
 
 2 ^1 
 
 H 
 
 a i 
 
 1-^ t-s 
 
 "5 U3 
 
 .2 o S 
 
 H d d 
 
 W 13 a 
 
 o ^ " 
 
 r a> OD 
 
 43 o o 
 
 *3 d 
 
 ^ s a 
 
 d -^ a 
 
 i 11 
 
 2 o a* 
 g OH 
 
 X o o 
 
 ^ ^ 
 
 pi 
 
 I 
 
 '^ 2 .3 
 
 d a M 
 
 03 d c3 
 
 o 
 
 ^ Q -5 
 
 o o 
 
 . o 
 
 S".'o. 
 
 a) a> a> 
 
 ^ d I 
 
 d ^ 
 
 - 0) o 
 
 2^ 
 
 a <x> 
 
 ^ I. M 
 
 ^ > d 
 
 - . CO 
 
 rt m a> 
 
 'O tH -d 
 
 O -tJ . 
 
 s p^ i M 
 
 . .. d 9 
 
 QJ tj 
 
 2 & 0^ S, 
 
 ** >. o 2 
 
 a> 03 O 5 
 
 I .t: - d 
 
 I. ^ -3 
 
 O 03 "-I d 
 
 .^ d 4 
 
 3 g a 
 
 >-4 0) a 
 
 S d 03 
 
 42 
 
This understanding is subject to modification by me at any time 
 that the facts indicate it should be modified. It covers all of the 
 work provided to be done by the New York Municipal Railway 
 Corporation under Contract No, 4 and the related certificates, in- 
 cluding their contribution to the City's Railroads. 
 
 The amounts appearing in this determination as Lessee's con- 
 tribution to the Cost of Construction and of Cost of Equipment are 
 all of them the result of the application of the above mentioned 
 percentage distribution. 
 
 All of the expenditures to cost of construction 
 Lessee's items (5) Lessee's expense of superintendence, (6) 
 
 expense for Taxes; and to cost of equipment items (4) 
 superintend- Superintendence, etc., (5) Taxes, are repre- 
 ence, etc. sented by a bill for " expenditures between Feb- 
 
 ruary, 1911, and March 19, 1913, in and about 
 rapid transit matters culminating in the con- 
 tracts dated March 19, 1913, between the City of New York, 
 by the Public Service Commission for the First District and 
 the New York Municipal Railway Corporation said expenditures 
 being represented by vouchers submitted for inspection and exam- 
 ination and covering preliminary engineering, legal and adminis- 
 trative disbursements, organization of the New York Municipal 
 Railway Corporation, printing, advertising, engraving, certification 
 of securities., etc., etc., but not including interest on moneys pro- 
 vided" for the amount of $217,114.00, which gives the following 
 details : 
 
 48 
 
sss 
 
 ft a 
 
 f-l o 
 
 sus 
 
 8S 
 
 550,000 
 
 7,512 
 
 10,000 
 
 lO CO CsT lO r-T -i 
 
 "* (N O i-H 
 t^ >-i O 03 
 (D <0 *0 CO 
 
 O O O O 
 O O O 00 
 
 o <o o o 
 
 ^ a 
 
 . O 03 
 
 1 CO m 
 
 :-:3 o 
 
 o 
 
 (U o m 
 
 3 -^ .5 
 
 9 .^ 
 
 03 O o 
 
 : ^ 03 o 
 
 H WO 
 
 d 
 
 o3 
 a> 
 
 ..So 
 
 iw" 
 
 0) -i ^ 
 
 ft < _; 
 M-^ 2 
 
 o >" 
 ^ "^ 
 
 ft o3 
 
 to 
 
 
 
 g5 
 (^ o 
 
 03 fl 
 
 m 
 
 03 . 
 
 ::^ 
 
 o . 
 ( o 
 
 .2 >. 
 
 03 03 
 
 Q o 
 
 ft a 
 
 C3 . <0 
 
 &s 
 
 (3 2 OS 
 M 2 -^ 
 
 
 
 ^ ^ 
 
 
 r o 
 I .2 
 
 U U .^H 
 
 O C 
 
 is 
 
 _- IH -3 
 
 5 S o 
 
 is a 
 
 bC UD 03 
 
 c -g I 
 
 (1. pu. 2 
 
 44 
 
The full amount of this bill was distributed in accordance with 
 the understanding after having been investigated by the Commis- 
 sion's Bureau of Statistics. Of these preliminary expenses the 
 $1,000 incorporation tax is entered under Contract and Certificate 
 item "Taxes''; $449.61 Eight of Way is entered under " Eeal 
 Estate/' and all other items are entered under the administrative 
 expenses item " Superintendence, etc.," of Lessee, in accordance 
 with the definition of same. 
 
 45 
 
All of the expenditures to Lessee's contribution to 
 cost of construction item (7) Interest, and to cost of 
 equipment item (6) Interest, in this determination are represented 
 by a bill presented by the New York Municipal Railway Corpora- 
 tion as follows : 
 
 '' 85 Clinton St., Brooklyn, N. Y., 
 
 March 19, 1913. 
 
 New York Municipal Railway Corporation, 
 
 To BROOKLYN RAPID TRANSIT COMPANY, Dr. 
 
 Comptroller's Bill re. . 
 
 Month Mar., 1913. 
 
 6% interest paid on $40,000,000.00 
 
 par value 6 year 5% notes sold for 
 
 your account pursuant to agreement 
 
 of October 1, 1912, to equal 6% 
 
 per annum basis $2,400,000.00 
 
 Discount 409,200.00 
 
 Net Interest Payment $1,990,800 . 00 
 
 Interest paid on $40,000,000.00 par 
 
 value notes 
 October 1, 1912, to December 31, 1912. 500,000.00 
 
 Less 3% on balances 287,380.00 212,619.20 
 
 Interest accrued on $40,000,000.00 par 
 
 value notes 
 January 1, 1913, to March 19, 1913. . 433,333.33 
 
 Less 3% on balances 241,253.73 192,079.60 
 
 Interest on amount ($212,619.20) ad- 
 vanced December 31, 1913, to pay 
 January 1, 1913, Interest on notes 
 to March 19, 1913 2,799.49 
 
 $2,398,298.29 
 
 46 
 
This bill was before the Commission and was acted on by them 
 under date of June 30, 1913, in the following resolution: 
 
 ''Resolved, That the said item of $2,398,298.29, being 
 the amount incurred by Brooklyn Eapid Transit Company 
 in behalf of New York Municipal Eailway Corporation as 
 set forth in the above bill, be and it hereby is deemed to be 
 interest actually and necessarily paid or accrued on moneys 
 paid by New York Municipal Eailway Corporation or on 
 its behalf from time to time prior to March 19, 1913, within 
 the term '^ interest,' as the same is defined in subdivision 7 
 of paragraph 14 and subdivision 6 of paragraph 15 of con- 
 tract between the City of New York, by the Public Service 
 Commission for the First District, with New York Munic- 
 ipal Eailway Corporation, upon the express stipulation and 
 condition that there shall be deducted from the cost of con- 
 struction and from the cost of equipment an amount equal 
 to one per cent. (1%) per annum, payable semi-annually 
 upon the cost of such construction and equipment, computed 
 from the date when said construction or equipment is placed 
 in operation to July 1, 1918.'' 
 
 The amount of this bill has been distributed in accordance with 
 the said understanding, except as to an adjustment made among 
 the Lessee's own lines, pursuant to a stipulation between the Lessee 
 and the Commission, as fully described in the determination of 
 Cost of " Eeconstruction of Existing Eailroads." 
 
 47 
 
UNIFORM SYSTEM OF ACCOUNTS 
 
 The details of the Costs hereinbefore set forth should be clas- 
 sified in accordance with the Uniform System of Accounts pre- 
 scribed for street and electric railways by the Public Service Com- 
 mission in its order of December 8, 1908. 
 
 In the following classification "Miscellaneous construction ex- 
 penditures '' includes debt expenses, because under the provisions of 
 the Company^s first mortgage, all bonds will be amortized through 
 the operation of the sinking fund. 
 
 For the Railroad. 
 
 The Cost of Construction is distributed as follows: 
 
 Lessee's 
 City's Share. Contribution. 
 Intangible Street Railway Capital: 
 
 Organization $398.45 
 
 Other Intangible Street Railway 
 
 Capital 29,377.84 
 
 Land: 
 
 Right of Way $2,607,748.59 
 
 Road and Electric Line: 
 
 Tunnels 25,352,089.24 54,261.63 
 
 Undistributed Construction Expenditures : 
 
 Engineering and Superintendence. 1,920,437.46 16,544.77 
 Law expenditures during construc- 
 tion 106,639.47 
 
 Interest during construction. 3,291,182.86 599,574.57 
 
 Miscellaneous construction expendi- 
 tures 199,224.32 7,845.04 
 
 Totals $33,477,321.94 $708,002.30 
 
 Total Cost of Construction $34,185,324.24 
 
 The Cost of Equipment for Initial Operation : 
 Intangible Street Railway -Capital: 
 
 Organization $478.14 
 
 Other Intangible Street Railway Capital 35,253 .40 
 
 Undistributed Construction Expenditures: 
 
 Engineering and Superintendence 19,853.73 
 
 Interest during construction 719,489 .50 
 
 Miscellaneous construction expenditures 9,414 . 05 
 
 Total Cost of Equipment $784,488.82 
 
 Total Cost of Construction and Cost of Equipment. $34,969,813. 06 
 
 48 
 
These costs under the Uniform System of Accounts are for 
 each line of the Eailroads, as follows : 
 
 BROADWAY-FOUETH AVENUE LINE 
 
 Lessee^s 
 '' Cost of Construction '' : City's Share. Contribution. 
 
 Intangible Street Railway Capital: 
 
 Organization $318 . 76 
 
 Other Intangible Street Eailway 
 
 Capital 23,502.27 
 
 Land: 
 
 Eight of Way $2,607,748.59 
 
 Road and Electric Line: 
 
 Tunnels 25,352,089.24 54,261.63 
 
 Undistributed Construction Expendi- 
 tures : 
 
 Engineering and Superintendence. 1,884,811.68 13,235.82 
 
 Law expenditures during construc- 
 tion 99,263 . 70 
 
 Interest during construction 3,286,756.62 479,659.66 
 
 Miscellaneous construction expen- 
 ditures 179,942.63 6,276.03 
 
 Totals $33,410,612.46 $577,254.17 
 
 Total Cost of Construction $33,987,866? 63 
 
 " Cost of Equipment for Initial Operation ^' : 
 Intangible Street Railway Capital: 
 
 Organization $358 . 61 
 
 Other Intangible Street Eailway 
 
 Capital 26,440.05 
 
 Undistributed Construction Expendi- 
 tures: 
 
 Engineering and Superintendence. 14,890.30 
 
 Interest during construction 539/617.12 
 
 Miscellaneous construction expen- 
 ditures 7,060.53 
 
 Total Cost of Equipment $588,366.61 
 
 Total Cost of Construction and Cost of Equipment. $34,576,233. 24 
 
 48 
 
CULVER LINE 
 
 " Cost of Construction " : 
 
 Lessee's 
 City's Share. Contribution. 
 Intangible Street Railway Capital: 
 
 Organization $19.92 
 
 Other Intangible Street Railway 
 
 Capital 1,468 . 89 
 
 Undistributed Construction Expendi- 
 tures: 
 
 Engineering and Superintendence. $6,262.50 827.24 
 
 Law expenditures during construc- 
 tion 1,125.17 
 
 Interest during construction 419 . 37 29,978 . 73 
 
 Miscellaneous construction expen- 
 ditures 4,137.66 392.25 
 
 Totals $11,944.70 $32,687.03 
 
 Total Cost of Construction $44,631.73 
 
 " Cost of Equipment for Initial Operation " : 
 
 Intangible Street Raihuay Capital: 
 
 Organization $71 . 72 
 
 Other Intangible Street Railway Capital 5,288.01 
 
 Undistributed Construction Expenditures: 
 
 Engineering and Superintendence 2,978.06 
 
 Interest during construction 107,923.43 
 
 Miscellaneous construction expenditures 1,412.11 
 
 Total Cost of Equipment $117,673 . 33 
 
 Total Cost of Construction and Cost of Equipment. . $162,305.06 
 
 50 
 
14TH STREET-EASTEEN LINE 
 
 " Cost of Construction " : 
 |. Lessee's 
 
 I City's Share. Contribution. 
 
 Intangible Street Railway Capital: 
 
 t Organization ' $59 . 77 
 
 t Other Intangible Street Railway ' 
 Capital 4,406 . 68 
 
 Undistributed Construction Expenditures: 
 
 Engineering and Superintendence. $24,399.36 2,481. 71~ 
 
 Law expenditures during construc- 
 tion 4,243 .90 
 
 Interest during construction 3,671.76 89,936.18 
 
 Miscellaneous construction expen- 
 ditures 11,553.12 1,176.76 
 
 Totals $43,868 . 14 $98,061 . 10 
 
 Total Cost of Construction > $141,929 . 24 
 
 Cost of Equipment for Initial Operation 
 
 ^y . 
 
 Intangible Street Railway Capital: 
 
 Organization $47.81 
 
 Other Intangible Street Railway Capital 3^525.34 
 
 Undistributed Construction Expenditures: 
 
 Engineering and Superintendence 1,985 .37 
 
 Interest during construction 71,948.95 
 
 Miscellaneous construction expenditures 941 . 41 
 
 Total Cost of Equipment $78,448.88 
 
 Total Cost of Construction and Cost of Equipment. . $220,378.12 
 
 51 
 
CITY^S SUPERINTENDENCE ON CERTIFICATE LINES 
 
 AND ON RECONSTRUCTION OF EXISTING 
 
 RAILROADS 
 
 " Cost of Construction " : 
 
 Undistributed Construction Expenditures: 
 
 Engineering and Superintendence $4^963 .92 
 
 Law expenditures during construction 2,006.70 
 
 Interest during construction 335 . 11 
 
 Miscellaneous construction expenditures 3,590.91 
 
 Total Cost of Construction . $10,896.64 
 
 Pursuant to Article II, Subdivision 14, Item (4), City's ex- 
 pense for superintendence " in and about the plant and property 
 constructed and provided under the certificates for extensions and 
 additional tracks hereinbefore referred to '' is included in " Cost of 
 Construction." 
 
 The City's superintendence on Reconstruction of Existing Rail- 
 roads for Initial Operation has also been included. 
 
 Dated New York, 
 
 November 24, 1913. 
 
 Alfred Craven, 
 
 Chief Engineer of the Public Service Commission 
 
 for the First District. 
 
 52 
 
In the Matter 
 
 OF THE 
 
 Determination of the Chief Engineer 
 of the Public Service Commission for 
 the First District under the contract, 
 dated March 19, 1913, between The 
 City of New York, acting by the Pub- 
 lic Service Commission for the First | 
 District, and New York Municipal 
 Eailway Corporation, of the cost of 
 Reconstruction of Existing Railroads, 
 paid or accrued prior to March 19, 
 1913. 
 
 Prior Determination 
 
 "Reconstruction of 
 
 Existing Railroads,^^ 
 
 November 24, 1913. 
 
To the 
 
 Public Service Commission for the First District and 
 New York Municipal Railway Corporation: 
 
 Pursuant to the provisions of the contract dated March 19, 
 1913, between the City of New York, acting by the Public Service 
 Commission for the First District, and the ISTew York Municipal 
 Eailway Corporation, known as Contract No. 4, and in accord- 
 ance with the terms of Article XIII, I hereby render my determi- 
 nation of the Cost of Reconstruction of Existing Railroads for 
 Initial Operation for the period prior to March 19, 1913. 
 
 Said Article XIII requires that "the Cost of the Reconstruc- 
 tion of Existing Eailroads for Initial Operation shall be deter- 
 mined by the Engineer in the same manner as the Cost of Con- 
 struction or the Cost of Equipment of the Railroad and upon 
 the basis of the definitions of Construction, Equipment, Addi- 
 tions, Cost of Construction and Cost of Equipment * * */' 
 Therefore the Cost of the Reconstruction of Existing Railroads 
 for Initial Operation would seem to include as to Construction 
 thereof : 
 
 (1) Labor and materials 
 
 (2) Real estate $449.61 
 
 (3) Debt discount and expense 
 
 (4) City's expense for superintend- 
 
 ence, etc * 
 
 (5) Lessee's expense for superintend- 
 
 ence, etc 72,786.73 
 
 (6) Taxes 337.50 
 
 (7) Interest " 809,425.67 
 
 Total $882,999.51 
 
 and as to Equipment thereof: 
 
 ( 1 ) Labor and materials 
 
 (2) Real estate 
 
 (3) Debt discount and expense 
 
 (4) Superintendence, etc $24,262.24 
 
 (5) Taxes 112.50 
 
 (6) Interest 269,808.55 
 
 Total $294,183.29 
 
 Total Cost of Construction and Cost of Equipment. .$1,177,182.80 
 
 * City's Expense for Superintendence, etc., has been included in Cost 
 of Construction of the Railroad. 
 
 3 
 
Each of these parts of the Cost of Construction and of Equip- 
 ment of the Reconstruction of Existing Eailroads for Initial Opera- 
 tion is taken up hereafter in its order. They are shown as applied 
 to the several portions, or lines, of the Existing Eailroads, and 
 represent actual expenditures chargeable to the respective lines. It 
 is necessary to keep the costs separate as to parts of the Existing 
 Eailroads in order to provide a basis for computing deductions from 
 revenue in the case of temporary operation (Article XLIX, Sub- 
 division 7). 
 
 The records of costs, from which this determination is made, 
 are kept in such detail that the cost of any principal part of the 
 Existing Eailroads may be identified so that in case of its retire- 
 ment or withdrawal from service, the said cost may be withdrawn 
 from the appropriate depreciation fund as provided under Article 
 XLIX, Subdivision 5. For this determination the only charges are 
 of an executive and administrative nature. The Uniform System 
 of Accounts as prescribed by the Public Service Commission is fol- 
 lowed for this purpose. 
 
 When there are expenditures of an executive and administra- 
 tive nature it is impossible to allocate them to specific construction. 
 Such expenditures may properly be distributed among the several 
 lines affected in each particular case on the basis of relative esti- 
 mated cost. An understanding with respect thereto between rep- 
 resentatives of the Commission, New York Municipal Eailway Cor- 
 poration and myself, is shown in ^^ A Schedule of Agreed Divi- 
 sion of General Construction and Equipment Expenses," set forth 
 in my determination under this date of Cost of Construction and 
 Cost of Equipment of the Eailroad under Contract 4. This under- 
 standing covers all of the work done by New York Municipal Eail- 
 way Corporation under Contract 4 and the related Certificates. 
 
 The expenditures on account of New York Municipal Eailway 
 Corporation prior to March 19, 1913, were of the kind covered by 
 the schedule just referred to and in particular were made in ac- 
 quiring moneys in anticipation of the signing of the Contract and 
 the granting of the Certificates and for organization and prelim- 
 inary legal and engineering expenses. Except as to that portion 
 chargeable to " Cost of Construction " and " Cost of Equipment " of 
 the Eailroad, all of the said expenditures have been applied to Eecon- 
 struction of Existing Eailroads, for the reason that it was requested 
 by New York Municipal Eailway Corporation, and deemed proper 
 by the Commission, that these preliminary expenses be applied to 
 
Reconstruction of Existing Eailroads under Contract 4 for this 
 " Prior '' determination. This matter is covered by a stipulation be- 
 tween New York Municipal Railway Corporation and the Commis- 
 sion, dated November 18, 1913, in which the principle of the sched- 
 ule above mentioned is confirmed and " In particular the Railway 
 Corporation agrees that the proportionate part of such items that 
 would properly be allocable to additional tracks and extensions (if 
 such consents had been obtained therefor) may be allocated tem- 
 porarily to Reconstruction of Existing Railroads for Initial Opera- 
 tion, and that when and as the necessary constitutional consents are 
 obtained for any additional tracks or extensions the Chief Engineer 
 may transfer from Reconstruction of Existing Railroads for Initial 
 Operation to the additional tracks or extensions for which such con- 
 sents shall have been obtained the amounts which otherwise would 
 have been allocated thereto in the first instance/' 
 
 A complete copy of the above mentioned stipulation is hereto 
 annexed as an appendix. 
 
 COST OF CONSTRUCTION. 
 
 Real Estate. '^(2) The actual and necessary net cost in 
 
 money of any real estate or interest therein 
 acquired or extinguished for Construction, including termi- 
 nals, storage yards and shops, together with the actual and 
 necessary expense in connection with such acquisition or 
 extinction, but there shall not be included in the term ' real 
 estate or interest therein' any damages the City may have 
 to pay for acquiring rights or easements for the Railroad in 
 streets under the principles of the decision in Matter of 
 Board of Rapid Transit Railroad Commissioners (Jorale- 
 mon Street), 197 N. Y., 81. There shall be included, how- 
 ever, damages the City may have to pay for extinguishing 
 rights of light, air, and access in connection with the con- 
 struction of the elevated portions of the Railroad. 
 The cost of 
 
 (2) Real estate for the respective portions of the Reconstruc- 
 tion of Existing Railroads is as follows : 
 
 (I) Brighton Beach Line, between 
 
 Church Av. and Malbone St 
 
 (II) Brighton Beach Line, between Nep- 
 tune Av. and Coney Is. Term 
 
 (III) Sea Beach Line 
 
 5 
 
(IV) Myrtle Av. and Broadway Connec- 
 tion 
 
 (Y) Lutheran Cemetery Line 
 
 (VI) Broadway Line 
 
 (VII) Fulton St. Line 
 
 (VIII) Myrtle Av. Line 
 
 (IX) Lexington Av. Line 
 
 (X) Fifth Av. Line 
 
 (XI) Canarsie Line 
 
 (XII) Coney Island Terminal 
 
 (XIII) Terminals, Yards and Shops. . . $449.61 
 
 Total cost for real estate, pursuant to 
 the Contract prior to March 19, 
 1913 $449.61 
 
 Lessee's expense " (5) The actual and necessary net 
 
 for superin- cost in money to the Lessee for super- 
 
 tendence, etc. intendence, insurance, damages, admin- 
 
 istration, engineering and legal ex- 
 penses in and about Construction including in respect of 
 the cost of construction for initial operation the expenses 
 above referred to in this paragraph actually and neces- 
 sarily incurred or payable by the Lessee in and about Con- 
 struction prior to the date of this contract and in addition 
 the actual and necessary expense incurred or payable by the 
 Lessee in printing, engraving and certifying securities for 
 Construction and the actual and necessary expense in 
 organizing the Lessee.^' 
 
 The cost of 
 
 (5) Lessee's expense for superintendence, etc., for the respec- 
 tive portions of the Eeconstruction of Existing Eailroads is as fol- 
 lows: 
 
 (I) Brighton Beach Line, between 
 
 Church Av. and Malbone St $7,278 . 67 
 
 (II) Brighton Beach Line, between 
 Neptune Av. and Coney Island Term. 7,278 . 67 
 
 (III) Sea Beach Line 18,196.69 
 
 (IV) Myrtle Av. and BVay Connection. 3,639.34 
 
 (V) Lutheran Cemetery Line 3,639.34 
 
 (VI) Broadway Line 
 
 (VII) Fulton Street Line 
 
 (VIII) Myrtle Avenue Line 
 
 (IX) Lexington Avenue Line. 
 
 6 
 
(X) Fifth Avenue Line 
 
 (XI) Canarsie Line 
 
 (XII) Coney Island Terminal 18,196 . 70 
 
 (XIII) Terminals, Yards and Shops. . . 14,557.32 
 
 Total cost for Lessee's expense for 
 superintendence, etc., pursuant to. 
 the Contract, prior to March 19, 
 1913 $72,786.73 
 
 Taxes. "(6) Taxes, assessments or other govern- 
 
 mental charges (including mortgage recording 
 tax) of every description against the Lessee actually and 
 necessarily paid or accrued in and about Construction pend- 
 ing the beginning of operation of the part of the Eailroad 
 as to which such taxes, assessments or other governmental 
 charges were paid or accrued. During operation such assess- 
 ments for benefits as are not properly chargeable against 
 revenue shall be charged to cost of construction.''\ 
 
 The cost of 
 
 (6) Taxes for the respective portions of the Eeconstruction of 
 Existing Eailroads is as follows : 
 
 (I) Brighton Beach Line, between 
 
 Church Av. and Malbone St $33 . 75 
 
 (II) Brighton Beach Line, between 
 Neptune Av. and Coney Island 
 
 Term 33.75 
 
 (III) Sea Beach Line 84.37 
 
 (IV) Myrtle Av. and B'way Connec- 
 tion 16.87 
 
 (V) Lutheran Cemetery Line 16.88 
 
 (VI) Broadway Line 
 
 (VII) Fulton Street Line 
 
 (VIII) Myrtle Avenue Line 
 
 (IX) Lexington Avenue Line 
 
 (X) Fifth Avenue Line 
 
 (XI) Canarsie Line 
 
 (XII) Coney Island Terminal 84.38 
 
 (XIII) Terminals, Yards and Shops. 67.50 
 
 Total cost for Taxes pursuant to 
 
 the Contract, prior to March ^ 
 
 19, 1913 $337.50 
 
 7 
 
Interest. '^7) Interest actually and necessarily paid 
 
 or accrued on moneys provided by the City or 
 by the Lessee or on its behalf from time to time for the 
 items of this definition from the respective times of pro- 
 viding said moneys (but not including interest on any 
 moneys provided by the Lessea or on its behalf prior to 
 October 1, 1912) to the beginning of operation of the part 
 of the Eailroad for which such moneys were provided, less 
 any interest received by the City or by the Lessee or on 
 behalf of the Lessee on such moneys." 
 
 The cost of 
 
 (7) Interest for the respective portions of the Eeconstruction 
 of Existing Railroads is as follows : 
 
 (I) Brighton Beach Line, between 
 
 Church Av. and Malbone St $80,942.57 
 
 (II) Brighton Beach Line, between 
 Neptune Av. and Coney Island 
 
 Term 80,942.57 
 
 (III) Sea Beach Line 202,356.41 
 
 (IV) Myrtle Av. and B^vay Connec- 
 tion 40,471.28 
 
 (V) Lutheran Cemetery Line 40,471.28 
 
 (VI) Broadway Line 
 
 (VII) Fulton Street Line 
 
 (VIII) Myrtle Avenue Line. 
 
 (IX) Lexington Avenue Line 
 
 (X) Fifth Avenue Line 
 
 (XI) Canarsie Line 
 
 (XII) Coney Island Terminal 202,356.42 
 
 (XIII) Terminals, Yards and Shops. 161,885.14 
 
 Total cost for Interest pursuant 
 to the Contract, prior to March 
 19, 1913 $809,425.67 
 
COST OF EQUIPMENT 
 
 Superintend- "(4) The actual and necessary net cost 
 
 ence, etc. in money to the Lessee for superintend- 
 
 ence, insurance, damages, administration, 
 engineering and legal expenses in and about the provision of 
 the Equipment, including in respect of the cost of equip- 
 ment for initial operation the expenses above referred to in 
 this paragraph actually and necessarily incurred or payable 
 by the Lessee in and about Equipment prior to the date of 
 this contract, and in addition the actual and necessary ex- 
 pense incurred or payable by the Lessee in printing, engrav- 
 ing and certifying securities for Equipment and the actual 
 and necessary expense in organizing the Lessee/' 
 
 The cost of 
 
 (4) Lessee's expense for superintendence, etc., for the respect- 
 ive portions of the Eeconstruction of Existing Eailroads is as 
 follows : 
 
 (I) Brighton Beach Line, between 
 
 Church Av. and Malbone St $1,213.12 
 
 (II) Brighton Beach Line, between 
 Neptune Av. and Coney Island 
 
 terminal 3,639.32 
 
 (III) Sea Beach Line 3,639.32 
 
 (IV) Myrtle Av, and B'way Connec- 
 tion 
 
 (V) Lutheran Cemetery Line 1,213.12 
 
 (VI) Broadway Line 
 
 (VII) Fulton Street Line 
 
 (VIII) Myrtle Avenue Line . 
 
 (IX) Lexington Avenue Line 
 
 (X) Fifth Avenue Line ,. 
 
 (XI) Canarsie Line 
 
 (XII) Coney Island Terminal 2,426 . 22 
 
 CXIII)- Terminals, Yards and Shops. 2,426.23 
 
 (XV) Car Equipment 9,704.91 
 
 Total cost for Lessee's expense for 
 Superintendence, etc., pursuant 
 to the Contract, prior to March 
 19, 1913 $24,262.24 
 
Taxes. " (5) Taxes, assessments or other governmental 
 
 charges (including mortgage recording tax) of 
 every description against the Lessee actually and necessarily 
 paid or accrued in and about the provision of the Equipment 
 pending the time when the portions of the Equipment as to 
 which such taxes, assessments or other governmental charges 
 were paid or accrued are placed in operation. During opera- 
 tion such assessments for benefits as are not properly charge- 
 able against revenue shall be charged to cost of equipment/' 
 
 The cost of 
 
 (5) Taxes for the respective portions of the Eeconstruction of 
 Existing Railroads, is as follows : 
 
 (I) Brighton Beach Line, between 
 
 Church Av. and Malbone St . . $5 . 62 
 
 (II) Brighton BeaCh Line, between 
 Keptune Av. and Coney Island 
 
 term ".f. . 16.87 
 
 (III) Sea Beach Line 16.88 
 
 (IV) Myrtle Av. and B'way Connec- 
 tion 
 
 (V) Lutheran Cemetery Line 5.63 
 
 (VI) Broadway Line 
 
 (VII) Fulton Street Line 
 
 (VIII) Myrtle Avenue Line 
 
 (IX) Lexington Avenue Line 
 
 (X) Fifth Avenue Line 
 
 (XI) Canarsie Line 
 
 (XII) Coney Island Terminal 11.25 
 
 (XIII) Terminals, Yards and Shops. 11.25 
 
 (XIV) Car Equipment ^ 45 . 00 
 
 Total cost for Taxes pursuant to 
 the Contract, prior to March 19, 
 1913 $112.50 
 
 Interest. "(6) Interest actually and necessarily paid 
 
 or accrued on moneys provided by the Lessee 
 or on its behalf from time to time for the items of this defini- 
 tion from the respective times of providing said moneys (but 
 not including interest on any moneys provided by the Lessee 
 or on its behalf prior to October 1, 1912) to the beginning 
 
 10 
 
of operation of the part of the Equipment for which such 
 moneys were provided, less any interest received by the Les- 
 see or on its behalf on such moneys." 
 
 The cost of 
 
 (6) Interest for the respective portions of the Eeconstruction 
 of existing Eailroads is as follows : 
 
 (I) Brighton Beach Line, between 
 
 Church Av. and Malbone St $13,490.43 
 
 (II) Brighton Beach Line, between 
 Neptune Av. and Coney Island 
 
 term 40,471.28 
 
 (III) Sea Beach Line 40,471.28 
 
 (IV) Myrtle Av. and BVay Connec- 
 tion 
 
 (V) Lutheran Cemetery Line 13,490.43 
 
 (VI) Broadway Line /. . 
 
 (VII) Fulton Street Line 
 
 (VIII) Myrtle Avenue Line 
 
 (IX) Lexington Avenue Line 
 
 (X) Fifth Avenue Line 
 
 (XI) Canarsie Line 
 
 (XII) Coney Island Terminal 26,980.85 
 
 (XIII) Terminals, Yards and Shops. 26,980.85 
 
 (XIV) Car Equipment 107,923.43 
 
 Total cost for Interest pursuant to \ 
 
 the Contract, prior to March 19, 
 1913 $269,808.55 
 
 APPENDIX EXPLAXATORY OF THE ABOVE 
 DETERMIXATIOX 
 
 Lessee's expense for In the determination of Cost of Con- 
 
 superintendence, struction and Cost of Equipment of the 
 
 Railroad for Initial Operation made un- 
 Taxes. der this same date, the character and di- 
 
 vision of the expenditures by the Lessee 
 Interest. prior to March 19, 1913, are fully ex- 
 
 plained and reference is hereby made 
 to them to identify the entries herein. 
 The stipulation hereinbefore mentioned, 
 affecting the disposition of these expendi- 
 tures in the " prior " determinatiou, is 
 as follows: 
 11 
 
Stipulation made this IStli day of November, 1913, by and between 
 the Public Service Commission for the First District, hereinafter re- 
 ferred to as the " Commission," and New York Municipal Railway Cor- 
 poration, hereinafter referred to as the " Railway Corporation." 
 
 Whereas acting under the provisions of the 
 
 (1) Contract dated March 19, 1913, between the City of New 
 York, acting by the Commission, and the Railway Corporation, 
 known as Contract No. 4. 
 
 (2) The certificate dated March 19, 1913, granted by the 
 Commission to the Railway Corporation for additional tracks, 
 and 
 
 (3) The certificate dated March 19, 1913, granted by the 
 Commission to the Railway Corporation for extensions. 
 
 The Chief Engineer of the Commission has rendered certain determina- 
 tions bearing date the 14th day of October, 1913, of the cost of con- 
 struction, cost of equipment, actual cost of plant and structure and 
 actual cost of equipment paid or accrued prior to March 19, 1913 ; and 
 
 Whereas, included in such determinations are various items of cost 
 not susceptible of specific allocation to the various lines and subdivi- 
 sions referred to in the contract and certificates, but which in such 
 determinations are allocated to such lines and subdivisions in accord- 
 ance with an empirical method of allocation ; and 
 
 Whereas, in accordance with such method of allocation portions of 
 such items have been allocated to lines or subdivisions for which the 
 necessary constitutional consents have not as yet been obtained ; and 
 
 Whe?'eas such method of allocation was based in part upon the 
 suggestion that under the contract and certificates the Chief Engineer 
 was required to make in each determination a definite and final alloca- 
 tion of such items despite the fact that all allocations of such items 
 are necessarily subject to readjustment because of changing conditions 
 arising out of the prosecution of the work under said contract and 
 certificates ; and 
 
 Whereas, the Commission and the Railway Corporation recognize 
 the right of the Chief Engineer under said contract and certificates to 
 allocate such items in proper proportionate parts to various lines and 
 subdivisions for which the necessary constitutional consents shall 
 have been obtained and thereafter, from time to time, to reallocate 
 such items or portions thereof as may be necessary, so that as soon 
 as practicable there shall be allocated to each line and subdivision 
 its proper proportionate part of such items upon the basis of the rela- 
 tive cost applicable to such line or subdivision to the cost applicable 
 to the other lines and subdivisions as contemplated in said contract 
 and certificates; and 
 
 12 
 
Whereas, the Chief Engineer has expressed his willingness to with- 
 draw such determinations upon the request of the Commission and the 
 Railway Corporation; and 
 
 Whereas, the Commission and the Railway Corporation construe 
 the contracts and certificates as giving such right of allocation and 
 reallocation to the Chief Engineer and enter into this stipulation not 
 for the purpose of varying or modifying any of the provisions of such 
 contract and certificates but for the purpose of regulating matters of 
 detail thereunder and to avoid possible future misunderstandings. 
 
 Now Therefore, the Commission and the Railway Corporation 
 hereby stipulate and agree as follows : 
 
 First: The Commission and the Railway Corporation hereby ex- 
 pressly recognize and confirm the right of the Chief Engineer under said 
 contract and certificates to allocate in proper proportionate parts to the 
 various lines and subdivisions for which the necessary constitutional con- 
 sents shall have been obtained all such items of cost as are not suscep- 
 tible of specific allocation, and thereafter, from time to time, to reallo- 
 cate such items in whole or in part as may be necessary, so that as soon 
 as practicable there shall be finally allocated to each such line and 
 subdivision no more and no less than its proper proportionate part of 
 such items upon the basis of the relative cost applicable to said line 
 or subdivision to the cost applicable to the other lines and subdivisions 
 as contemplated in said contract and certificates. 
 
 Second: In the case of lines or subdivisions for which the neces- 
 sary constitutional consents have not at the time of rendering any 
 determination been obtained, the Chief Engineer may allocate the pro- 
 portionate part of such items that otherwise would be allocable to such 
 lines or subdivisions to other lines or subdivisions for which the neces- 
 sary constitutional consents have been obtained ; and thereafter, when 
 and as the necessary constitutional consents are obtained, the Chief 
 Engineer may transfer the amounts so allocated from the lines or 
 subdivisions to which they have been allocated to the line or subdi- 
 vision for which such consents shall have been obtained, so that each 
 line or subdivision will bear its equitable and proper share of such 
 items. In particular the Railway Corporation agrees that the pro- 
 portionate part of such items that would properly be allocable to 
 additional tracks and extensions (if such consents had been obtained 
 therefor) may be allocated temporarily to Reconstruction of Existing 
 Railroads for Initial Operation, and that when and as the necessary con- 
 stitutional consents are obtained for any additional tracks or extensions 
 the Chief Engineer may transfer from Reconstruction of Existing 
 Railroads for Initial Operation to the additional tracks or extensions 
 for which such consents shall have been obtained the amounts which 
 otherwise would have been allocated thereto in the first instance. 
 
 Third: The Chief Engineer may withdraw the several determina- 
 tions bearing date the 14th day of October, 1913, such withdrawal to 
 have the same force and effect as though such determinations had not 
 been rendered. 
 
 13 
 
Fourth: The time of the Chief Engineer to render the determina- 
 tions of cost of construction, cost of equipment, actual cost of plant 
 and structure and actual cost of equipment paid or accrued prior to 
 March 19, 1913, is hereby extended to and including the 25th day of 
 November, 1913. 
 
 Fifth: This stipulation shall be without prejudice to any right 
 of the Commission or of the Railway Corporation under said contract 
 or certificates to object to any determination of the Chief Engineer. 
 
 Sixth: This stipulation shall not apply to items of cost susceptible 
 of specific allocation, the intention being that the Chief Engineer shall 
 allocate all such items as are susceptible of specific allocation to the 
 particular lines or subdivisions to which they shall respectively belong. 
 
 Seventh: This stipulation shall continue in force and effect until 
 the beginning of Initial Operation under said contract. 
 
 In Witness Whereof the Commission has caused its oflicial seal 
 to be hereto aflixed and attested by its Secretary and this stipulation 
 to be signed by its Chairman, and the Railway Corporation has caused 
 its corporate seal to be hereto affixed and attested by its Secretary 
 and this stipulation to be signed by its President, all the day and year 
 first above written. 
 
 , PUBLIC SERVICE COMMISSION FOR THE FIRST 
 
 DISTRICT, 
 
 [SEAL OF THE by Edwabd E. McCall, 
 
 COMMISSION] Chairman. 
 
 Attest : 
 
 Tbavis H, Whitney, 
 
 Secretary. 
 
 NEW YORK MUNICIPAL RAILWAY CORPORA- 
 TION, 
 
 [SEAL OF THE RAIL- by T. S. WiLLIAMS, 
 
 WAY CORPORATION] President. 
 
 Attest : 
 
 T. A. Bullock, 
 
 Secretary. 
 
UNIFORM SYSTEM OF ACCOUNTS 
 
 The details of the Costs hereinbefore set forth should be classi- 
 fied in accordance with the Uniform System of Accounts pre- 
 scribed for street and electric railways by the Public Service 
 Commission in its order of December 8, 1908. 
 
 In the following classification " Miscellaneous construction ex- 
 penditures," includes debt expenses, because under the provisions of 
 the Company's first mortgage, all bonds will be amortized through 
 the operation of the sinking fund. 
 
 For the Eeconstruction of Existing Railroads for Initial Opera- 
 tion. 
 
 The Cost of Construction is distributed as follows: 
 
 Intangible Street Railway Capital: 
 
 Organization $537.91 
 
 Other Intangible Street Railway Capital 39,660.08 
 
 Land : 
 
 Right of Way ' 449.61 
 
 Undistributed Construction Expenditures: 
 
 Engineering and Superintendence 22,335.45 
 
 Interest during construction 809,425.67 
 
 Miscellaneous Construction Expenditures 10,590 . 79 
 
 Total Cost of Construction $882,999.51 
 
 The Cost of Equipment is distributed as follows: 
 Intangible Street Railway Capital: 
 
 Organization $179.30 
 
 Other Intangible Street Railway Capital 13,220.03 
 
 Undistributed Construction Expenditures: 
 
 Engineering and Superintendence 7,445 . 14 
 
 Interest during construction 269,808.55 
 
 Miscellaneous Construction Expenditures 3,530 . 27 
 
 Total Cost of Equipment $294,183.29 
 
 Total Cost of Reconstruction of Exist- 
 ing Railroads for Initial Operation 
 
 to March 19, 1913 $1,177,182.80 
 
 15 
 
These costs under the Uniform System of Accounts are for 
 each portion of the Existing Eailroads, as follows : 
 
 BEIGHTON BEACH LINE, BETWEEN CHUECH AV. AND 
 
 MALBONE ST. 
 
 Cost of Construction : 
 
 Intangible Street Railway Capital: 
 
 Organization $53.79 
 
 Other Intangible Street Eailway Capital 3,966.01 
 
 Undistributed Construction Expenditures: 
 
 Engineering and Superintendence 2,233.54 
 
 Interest during construction. 80,942.57 
 
 Miscellaneous Construction Expenditures 1,059 . 08 
 
 Total Cost of Construction $88,254.99 
 
 Cost of Equipment : 
 Intangible Street Railway Capital: 
 
 Organization $8.97 
 
 Other Intangible Street Eailway Capital 661.00 
 
 Undistributed Construction Expenditures : 
 
 Engineering and Superintendence 372.26 
 
 Interest during construction 13,490.43 
 
 Miscellaneous Construction Expenditures 176 . 51 
 
 Total Cost of Equipment $14,709 . 17 
 
 Total Cost for Eeconstruction of this 
 
 portion of Existing Eailroads $102,964.16 
 
 16 
 
BEIGHTO^^ BEACH LIXE, BETWEEX XEPTUNE AY. 
 AXD CONEY ISLAND TERMINAL 
 
 Cost of Construction : 
 
 Intangible Street Railway Capital: 
 
 Organization $53 . 80 
 
 Other Intangible Street Railway Capital 3,966.01 
 
 Undistributed Construction Expenditures: 
 
 Engineering and Superintendence 2,233.53 
 
 Interest during construction 80,9-12 .57 
 
 Miscellaneous Construction Expenditures 1,059 . 08 
 
 Total Cost of Construction $88,254.99 
 
 Cost of Equipment: 
 Intangible Street Railway Capital: 
 
 Organization $26 . 89 
 
 Other Intangible Street Railway Capital 1,983.00 
 
 Undistributed Construction Expenditures: 
 
 Engineering and Superintendence 1,116.76 
 
 Interest during construction 40,471.28 
 
 Miscellaneous Construction Expenditures 529 . 54 
 
 Total Cost of Equipment $44,127.47 
 
 Total cost for Reconstruction of this 
 
 portion of Existing Railroads $132,382.46 
 
 17 
 
SEA BEACH LINE 
 
 Cost of Construction : 
 
 Intangible Street Railway Capital: 
 
 Organization $134 . 48 
 
 Other Intangible Street Eailway Capital 9,915.01 
 
 Undistributed Construction Expenditures: 
 
 Engineering and Superintendence 5,583.87 
 
 Interest during construction 202,356.41 
 
 Miscellaneous Construction Expenditures 2,647 . 70 
 
 Total Cost of Construction $220,637.4 
 
 Cost of Equipment: 
 
 Intangible Street Eailway Capital: 
 
 Organization $26 . 89 
 
 Other Intangible Street Railway Capital 1,983.00 
 
 Undistributed Construction Expenditures: 
 
 Engineering and Superintendence 1,116.76 
 
 Interest during construction 40,471.28 
 
 Miscellaneous Construction Expenditures 529 . 55 
 
 Total Cost of Equipment ...$44,127.48 
 
 Total cost for Eeconstruction of this 
 
 portion of Existing Railroads $264,764.95 
 
 IS 
 
MYETLE AVENUE AND BROADWAY CONNECTION 
 
 Cost of Construction: 
 Intangible Street Railivay Capital: 
 
 Organization $26 . 89 
 
 Other Intangible Street Railway Capital 1,983.01 
 
 Undistributed Oonstruction Expenditures: 
 
 Engineering and Superintendence 1,116.77 
 
 Interest during construction 40,471.28 
 
 Miscellaneous Construction Expenditures 529 . 54 
 
 Total Cost of Construction $44,127.49 
 
 Cost of Equipment : 
 
 Note. There have been no expenditures 
 on this account. 
 
 Total cost for Reconstruction of this 
 
 portion of Existing Railroads. . . $44,127.49 
 
 19 
 
LUTHERAN CEMETERY LINE 
 
 Cost of Construction: 
 Intangible Street Railway Capital: 
 
 Organization $26 . 89 
 
 Other Intangible Street Railway Capital 1,983.00 
 
 Undistributed Construction Expenditures : 
 
 Engineering and Superintendence 1,116.79 
 
 Interest during construction 40,471.28 
 
 Miscellaneous Construction Expenditures 529 . 54 
 
 Total Cost of Construction $44,127.50 
 
 "Cost of Equipment: 
 Intangible Street Raihvay Capital: 
 
 Organization $8.97 
 
 Other Intangible Street Railway Capital 661.00 
 
 Undistributed Construction Expenditures: 
 
 Engineering and Superintendence 372.27 
 
 Interest during construction 13,490.43 
 
 Miscellaneous Construction Expenditures 176.51 
 
 Total Cost of Equipment $14,709.18 
 
 Total cost for Reconstruction of this 
 
 portion of Existing Railroads $58,836.68 
 
 20 
 
CONEY ISLAND TEEMINAL 
 
 Cost of Construction : 
 
 Intangible Street Railway Capital: 
 
 Organization $134.48 
 
 Other Intangible Street Eailway Capital 9,915.03 
 
 Undistributed Construction Expenditures: 
 
 Engineering and Superintendence 5,583 . 87 
 
 Interest during construction 202,356.42 
 
 Miscellaneous Construction Expenditures 2,647 . 70 
 
 Total Cost of Construction $220,637.50 
 
 Cost of Equipment : 
 Intangible Street Railway Capital: 
 
 Organization $17.93 
 
 Other Intangible Street Railway Capital 1,322 . 01 
 
 Undistributed Construction Expenditures : 
 
 Engineering and Superintendence 744.50 
 
 Interest during construction 26,980.85 
 
 Miscellaneous Construction Expenditures 353 . 03 
 
 Total Cost of Equipment $29,418.32 
 
 Total cost for Eeconstruction of this 
 
 portion of Existing Railroads $250,055.82 
 
 21 
 
TERMINALS, SHOPS AND YARDS 
 
 Cost of Construction : 
 
 Intangible Street Railway Capital: 
 
 Organization $107 . 58 
 
 Other Intangible Street Railway Capital 7,932 .01 
 
 Land: 
 
 Right of Way 449 . 61 
 
 Undistributed Construction Expenditures: 
 
 Engineering and Superintendence 4,467.08 
 
 Interest during construction 161,885.14 
 
 Miscellaneous Construction Expenditures 2,118 . 15 
 
 Total Cost of Construction $176,959.57 
 
 Cost of Equipment : 
 
 Intangible Street Railway Capital: 
 
 Organization $17.93 
 
 Other Intangible Street Railway Capital 1,322 . 01 
 
 Undistributed Construction Expenditures: 
 
 Engineering and Superintendence 744 . 52 
 
 Interest during construction 26,980.85 
 
 Miscellaneous Construction Expenditures 353 . 02 
 
 Total Cost of Equipment $29,418.33 
 
 Total cost for Reconstruction of this 
 
 portion of Existing Railroads $206,377.90 
 
 22 
 
CAE EQUIPMENT 
 
 Cost of Equipment : 
 
 Intangible Street Railway Capital: 
 
 Organization $71.72 
 
 Other Intangible Street Eailway Capital 5,288.01 
 
 Undistributed Construction Expenditures: 
 
 Engineering and Superintendence 2,978.07 
 
 Interest during construction 107,923.43 
 
 Miscellaneous Construction Expenditures 1,412 . 11 
 
 Total Cost of Equipment $117,673.34 
 
 Total Cost for Reconstruction of this 
 
 portion of Existing Railroads $117,673.34 
 
 Dated New York, 
 
 November 24, 1913. 
 
 Alfred Craven, 
 
 Chief Engineer of the Public Service Commission 
 
 for the First District. 
 
 2 
 
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