New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1893-06-20
RAPID TRANSIT PROGRESS.
4 NEW PROPOSITION TO THE MANHATTAN
RAILWAY.
FOUR COMMISSIONERS WITHDRAW THEIR RE>IG-
CENTAGE OF EARNINGS ~ LUMP


NATIONS AND GO TO WORK AGAIN-A PER
CENTAGE OF EARNINGS ~ LUMP
sum TO TIE CITY PROPOSED
william .teinway. John II. Imam samuel spencer
ana Eugene l.. DIshc the four Rapid Transit 'ohi'
mis- ,ioncrS who resigned from the kappa ir""H''
Commission on June ., have withdrawn thelr rese-
nations, ard yesterday they took the oa'h oi ""oe
again, swearing faithfully to fulfil the duty imposed
upon them by the act Of the Legislature mhnhs
the commission.
4 meeting Of tho commission held Yesterday
afternoon at NJ. ,tcnway's house The recent
disagreement between Mr.. spencer ana Mr. o'1rlh
WAS patched up. the four Commissioners VINO had
resigned acknowledged that their action mao ~eh
hastv while all agreed 10 try once more 10 "orh III
harmony and give the city the longedf"r raph
transit M the earliest possible date and on the
best possible terms TO the city.
Tie commission was rcorganizcd with Mr.. stem
way a. president and Mr.. Bushc secretary. let
ter was read from Mayor Gilroy rappoln'ihe me
Commissioners. Resolutions were Introduced by Mr'
starin and uni imously 'arred BY which 'he RAPID
transit Franchise, IS Icain offered the Manhattan
Elevated Railway Company. The resolutions were
to the effect that The Manhattan Company. In ofo'f
(, get the franchise. will hav" to pay to the Guy
either :, per ccni OF its net yearly income WITH
minimum # $4,000. fI7j.o0o in cash annually
for all time Thi, proposition Is 10 be submitted
immediately To- the Manhattan Company. ana lis
answer must he made before July 10 The opuon
~ paving 4i7j.OOO Annually 10 the city l. the
proposition made by John II. >iarn at tn" m''"n'
If the commission held on June :. II i uhd'r''on
that the Manhattan people conferred Win ''Vefai
NJ th. Commissioner. the last week and advised
that ia" -17..OOD proposition b" agreed |" Nv III
tho Commissioners. and that IT would then be ac-
c.r..d hy III. company The chances That
something viii b. done Immediately and that an
improved system Of rapid transit will be given to
the civ by the Manhattan Company. II VIII not,
however give fr city rapid transit without paying
A substantial annual amount for the privilege
The hr.r resolution introduced by Nh >'ann slip
ul,,.-i that the Manhattan company should pa>
per cent a YEAR to the city and guarantee not less
than @l75.OoO annually This VA, defeated. Ia,
following resolution was u"n introduced by MI
stihn and unanimously carried
Eof,d Inat section u Of to q April II.
,s,3 shall b. amended u rad a. follows:
H. OWED mat ia ,a.d Manhattan tonpanv shal! with.
10 two year, after tn comp ton Of III" uiaich lines
o- extension t. lori '.oTeo construct and build branch
ne with not jos, tracks nom On"hund''f and
sixty. ,oua t. aud Tcnrh.nc. along The kngsbriise
Road Ming. ridge.
Resolved That whenever II" branch lines from on
hundI, Land. cht--t Fort 'eor-". and nom pnehu
Gi,G.auf ,Nt, 1ond-t Ia k.ng>bid-c a. hrin pro
,d.i for shall i,ali1c the Manhattan Railway Com
nan, n ,,ir ol.l,ton per cent Tor every year ul"n
The ua Of. then tho inha.tin torI ny >hal
,>rnd the Last named bran,. tom kne>hrd-e along
~, ainay limit. within not les than t'o y"Is
ii1m the expiration of the year "'hh Nhh '"u PIT
r.nt shall De- earned
ic.n,,d That the construction Of sail branches
to Fort ',,orcc and Kingsbridee shall be ascertain
end ,.runed Controller OF the ely at the time OF
-irgc'.on.
l..-,!,,d That the method Of a-ceraininE the per
cont from the operation Of slii branches Sh''
b. follows,
ma, th. gso,, ticket All station. uIon aid
rln shall Dc REGARDED a. the gross earnings oil
AID branch'..
Hat the percentage OF operating expenses aud taNe'
20 lio>, ,srnnc, Of IN, ,y-tem for tn same
- nod shall rc he the I"re'ntase app' Ib'
10 the oIciiton % aid branch".
That tine Mt ariinr- thus a-c'gtanoi snail p' on
,trld ., b. clc MT Gaining, Of IN, sam" branches
r., l,,d That >r.tlon II Of the resolutions OF APH
T." l-pB D. amended real ioliov*;
I.c.,l,,d That a. compensation frr tn new franchises
hereby and h,f'tofor" approved. ia" Manhattan company
shall Dr. required. ul,n the execution Of III" 'Hta's'
10 nav int. the city treasury the amount ~ all sums
d.bur>d for the cN"nsc Of thi, commission since ''
organization. and also from time 70 time thereafter u
nav into the ,Itv tra>ury all sums that may b.
DISTURBED nun tmr tim hv tn Io'id IN connection
m te work II The pr posed extensions and facilities
:, lo given ~ the Manhattan Railway company. Inc
aid Manhattan Railway COMPANY shall Ia' into the 'iN
treasury annually per cent 4 - net in'on" from all
line. ,ala net n,oo DE- computed BY drductns from
th, .o,, tn, operating rNp"nNe'. including m'n'
,.nan,e Of equipment and ,tr tur. taNo-. ana th' Ia
tcfc on funded debt outstanding ac'r1in' DUNG the
,,r hid dlurtiY,. on account oi lnriert on luna ~
d.lt not e. exceed e. geo OOD IN on year Ana pro-
,d.d further that such payment 10 Tn" citv snail III 10
y.,r be- lis than sl25.O aud At the option oil IN
Manhattan Company 1t enter into an agreement u
, into the citv treasury on ir>t day Of July 81
zach year IN lieu such percentage. the sum u Tl"'
ooo and at that rate for any part Of a ycir. mat
, ,a> In either form shall l-.rn g. accrue when The
,>,.n.ion L, Fort ,,rpfcc shall b. put In OPERATION
r.-ol,,.i Tha, ton II u the resolution, 4 April
T. shall BE- rc-cnd d.
Resolved That th. Manhattan Company shall. on or
before July 10. exercise II. option A. T. tn" form ot
,,x and a. To- whether 1t will accept tn" facilities and
eaten ion. approved by this Board Of Mach H. Aiti
/. and g. and the resolutions Of this date.
mi, resolution I, nm amendment to Mr. sp"ncerS
rc.olion of jun. :. IN" adoption O II l. Virtual
,ic,nry far Mr.. >tarin lie ha> NOT been opposed
IN th. Manhattan ompany having the rapid transit
franchise bat IA. did TO let them haV" II
IN term, which would not be- advantageous TO the
,uy. According 10 the former > per cent pfopo'
,,,o,. tn. amount that would hc paid into ia" city
treasury ,ould be- le>, than SlJO.OOO year. This
,,s the amount vncn inc controller hglItri on
TDc Manhattan people have asserted however. that
bv the per cent proposition much larger sum
would b, given 10 the city.
Mr. rWshc said ycstyrday after ~" meeting ,iu
,h, business of Tho cOniuN>iou would now resi- nntll
Ina Manhattan Company had male IL answer MI
Imam ami Mr.. >Dcnccr. who came 10 III" city Al
arrni Inconvenience themselves. went out OF town
,,,cdir civ after the meeting, Mr. lnman going 10
t.hic,ro aud Nj. spencer Ia saratoga . 80
Ihr next meeting will probably not be- h"h unil
,ftr uIy 10. II satisfactory arrangements ar" th'h
Wr s,rlnway will be- allowed 10 retire from the commlN
Inn II VA, against the ad'c" OF Ms physician
that he resumed work on the commission N'N'eHN