In re the City of New York

This is a condemnation proceeding instituted by the city of New York to acquire title to the property of the Manhattan Railway Company within the lines of East Forty-second street, between Park and Third avenues. The property involved, briefly described, is the so-called “ East 42nd Street Elevated Spur,” hereinafter referred to as the spur. Four claimants have appeared, namely, the Manhattan Railway Company, owner; the Interborough Rapid Transit Company, lessee; and the Central Union Trust Company of New York and the Equitable Trust Company of New York, holders and trustees of the first and…