New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1893-05-27
MANHATTAN'S BIG FIGURES.
ITS PROPOSITIONS TO THE RAPID TRANSIT
COMMISSION WITHDRAWN

MR. sTARIy ANALyzEs THE CoMPANY's PLEA
OF PovEETY-PLANs FOR WEST AND
EAST SIDE LINES PROPOSED.
George }. Could president OF the Manhattan
Railway Company has withdrawn the propositions OF
the company that have been before he Rapid Transit
Commission. Mr.. Could wrote letter 10 ms
effect TO the commission Thursday. II was read
at meeting Of four members OF the Rapid Transit
Commission yesterday afternoon. The meeting was
held In Mr.. Steinway's house. at No. 26 Grainerey
Park. at 3 80 O'Clock. Besides Mr.. steinway thcr'
were present Commissioners Inman, Starin and Bshe,
and John NJ. Bowers. counsel TO the c0mmlS'oii.
Mr. Spencer Is still confined TO his house. but 1t Is
expected that he will be- able TO attend to the
work OF the commission next week.
The meeting yesterday afternoon, while Informal.
was Important. Mr.. Goulds letter left no excuse
for any further conference with the Manhattan people
Mr. Starin accordingly proposed routes for inde-
pendent lines, on the east ana the Other Oh h'
west side OF the city.
After Mr. Steinway had called the meeting to order
Mr. Bushe said: 81 have received two letters from
Mr.. Gould. one OF them dated Nay 10, you nave
already read. The other was received today
MR. GOULD's LETTER.
Mr. Bushe then read the following letter:
New-Yorh May %. 1893.
Fugene l. Bushp eSq secretary Board Of Rapid
Transit commissioner No. - William-st. City:
Dear Sir Further referring 10 your e9mm.aica
ton OF ihp 18th inst, addrt S>cd TO the Mahhittal
Railway Company. IN which yen state mat ,n' TOLL ,,
mission dos not assent to ihr Taw 70 ay that
the matter was submitted the board Of directors
OF the Manhattan Railway Company =, meeting nr ,
,bl, day and that after full consideration II was
unanimously resolved that the company cculu ho,
accept the conclusions OF the comm sion eNp ,;n
Of his company in its letter OF May having been
rejected, The same hereby Withdrawn
very G IsoI i"J J. GOULD. President.
In dealing with This Manhattan question: Mr.
Inshe continued, ." have always felt that II was the
duty OF ihi, board TO obtain the greatest facilities
and at the same time the highest compensation that
could be secured. In that direction We have all
struggled, and / have always maintained my stand
II now appears that that compensation cannet BE-
obtained. A large part Of the community thinks that
the concessions demanded by the Manhattan Company
should be- conceded. II guarantee can be secured
for thes. facilities and also guarantee OF compensa
iicn TO the commission. | am ready 10 join with y0n
gentlemen in the NATTER
Mr. Bushes modified Views had apparent effect
on Mr. starins attitude on the question OF cOmpen-
saton lie produced "A paper, and handing IL to Mr..
Bushc said: - desire TO request the secretary 10
read this in explanation Of my views as to comp"nsa
ton" The document had been prepared by Mr..
>,arin to justify his position and I'm answer 10 those
q his critics who alleged that he refused to give the
data upon which his Views We're based. Mr. Starin,
In his printed argument compares the commissions
ard the Manhattan tompany's propositions as TO
compensation. The commission asked the Manhattan
Company to pay 10 the city per cent OF lis net
earnings, which were defined the gross earnings,
less taxes and operating expenses.
MIR. sTARIN FURNISHES SOME FIGURES.
Mr. starins argument then continues as follows ::
In this connection It should be noted that net
earnrgs Us ordinarily understood are found by the
deduction Of operating expenses only from gross
earnings excluding taxes as VIII be seen by referring
to the annual reports Of the Railroad Commissioners
Of the state. The Commissioners proposition is,
Therefore that the company should pay percentage
upon an amount several hundreds oil thousands Of
dollars less than the actual net earnings. Under
the COMM ,Sions proposition the amount TO be paid
to the city would have been determined rs follows:
Tie Gross Earning, FOR ls92
wer. .........................-. 1885 ,975
Deductions
operating Exp nses ............. .So3. DAB
Taxes ............,..,. 41Js64
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