New-York tribune., 1886-07-28
SUBWAY CONTRACT SIGNED.
rarrrrSa READY TO BURY THE WIRES
xux ENGINEERS PRxpA ARlMe PLANs-A PRoposiros
FROM PHILADELPHIA.

xux ENGINEERS PRxpA RiAe PLANs-A PRoPostrios
FROM PHILADELPHIA.
arh. contract between the Consolidated Electrical
snhway Company and the Commission Tor laying
yndsrgroSnd oenHas .'snsd " SotS parties
veSteraay at meeting Of the Commissioner INC
sompanv accepted the Interpretation OF tne n CON.
wi.ionetS Ali the Commissiouers were present.
%hiis iinwS.ny, M reprsssntssives, Mr.. fiowei read
isttsr from David Weeks Of Philsdelphia WHO
informed the Commission that he was ready " isy
ors eoual In number 10 the capacity Of the conaaw
Tor less money than tho cost OF tho CONDUIT whet WEI
ad without any wisss ds .Tss% s S1s woSd
svs no hint az to the character OF II further than
6at II was a. good tho one which ne solo Nh S1e
Western Union TelesPh COMPANY g,nssrs IUr q the
The letter was referred 10 tno onsinooie SN
The contract, together with the document. rsist-
is Il , ~ss then read By Sr The con-
tract has already been printed In substance .has ~
main points ~ understood oy Doth s,oes Ss o0o 600
caoits 10 bald equip maintain and operate me ne
snbways ON the condition that the VOTE - W o oS
done IN every detail accofdlnf ' sUSiect St Ali
times 10 whatever alterations. changes eno oa'sn %
sions tho Commission may deem proper cn1 sb
s.i",elv AZ the Commission shall direct. UtneI
cIsuses Of the contract rest the menaecment enu n
S.n,si NJ the conduIts when completed Win tne
w :" ,nbiect also to revision and reversal by
A. To1miasou. In case any dispute ar,sec %
tween the company and any occupants ot sno suo
ways the matter shall be finally settled oy tnS Con
;ssion The sarne rates of rental must Dc charged
Sor siI similar Glasses of conductors ana no par
tialisv is TO be shown TO any lessee or eeseoe ~
snace not actually needed for occupatlon ny Iss
electrical conductors in the conduct OF lS -
shall bo leased to any company to the exclusion Il
dstrlmcut of any other company needing space ~ ~
the subways and able to pay for 1T 11e c'ty 10 -
have space for its electric conductors Tree 1i ovI
Whenever the net annual rental from the suo,
exceeds teu per cent Of the value oil the
Invested the excess shall be DIVIDED eluaiiy W
fyeru the lossees of tue suhways, the Consonua1u
Company and tho city. All thoso having srace IN
che snhways are TO own aud manage their own con
ductors aud repair them under the consIruc''ol
company's SUPERVISION. ...a;,o
Az soon as Mr. Gibbeps had unisneo reaolng
Commissioner MOSS proPosou sno AOAAN"'e ~
ton: - 49,
That in consideration Of the promises nade Dy IN IN
ConsoIId, ,ied Electrical subway Commission ana 4 u
OF their acceptance OF tno
q, ISe contract approved by and in consideration
the bond they have submitted we hereby avropt 'A
proposal OF said company ana VIII s4n ssiu oonue~
This being unanimously agreed 10 by MI Fiowe
and Mr Hess, the document wat signed bv eaon o
the Commissioners IN turn aud by henIy ~ L
burgI president, aud w. }. SETON secretary OF TN
company for the latter Copies OF Tue % dHcSv" Mavo
Grace the Controller and the COmmissioner y y
Public Works. The contract provides tnAt "oI'
sLall be pegun within three weeks after the con
tract is signed bat the engineers oil tue ~
o,a not vet ready to report plan and VIII! not ID
unlI next Tuesday 30 1t may bo longer than tua
beiore the company will begin operations lue..
have tai en- new office at NO o. 10 d,rsSt" n
made some additions to the board OF directors
winch now consists of the following:
Henry Ftsbueh, president; Henry nsvsOn' vice
president: James B. Houston, EWsa DhtI,r ph.,. NE;
I'D, ,f E z (}eduty James NJ. Motley, william J
sstton secretaries and Edward LauIerbsoh, counsel