New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1893-05-09
ann TRANSIT COMPLICATIONS.
rrroprs OF THE COMMISSIONERS TO HAsiEN
THE NEGOTIATIONS.

ErrOsAS
THE NEGOTIATIONS.
.,o,hor important and interesting meeting Vi ''e
,.,,s transit Commission will be heid YIN -,
oternoon at william steinwnys house. u. nau
Cr,mercv Park. The answer OF the Mahh''''' -
my Company. which was received Dy the ,
ON Friday will come up for di'c''sioh' ~, "r
n,,s,,or dnding that ex.Judge Dillon ana 'u,'e',
meal for The company. were not aut'ior'zeu
- r any further answer than that coh'aiheu III
,n oomnonys letter received by the Comhio'io" w
,,a,v sent a letter to George j. Could p'''u "
che Manhattan Company, suggesting u " ~ -
Fastening the decision OF the Commission
SUGGESTED TO Mr.. Gould that committee VI Wv
,atton board Of directors, Invested WIFI sue. t
49, mr.. necessary TO negotiate and conclude 'ern,''
should meet the Commission al an carry "' w
c,.s and. If possible, determine certain po'"'S VI
aIeo,orcen some Of which the Manhattan company
,un.I .uid they were unauthorized to deal VIII"
rho first and most important point Oh di"ei'"ce
Is the question Of compensation the '''" 49,,
many having rejected the condition hAcu W u"
commission, providing that the company ply p'
cent OF It's net receipts, meaning thereo' 81 -
ceipts less taxes and operating expenses Vi 10
tire system into the city treasury. Az 'he me."e
tomorrow it Is expected that there VIII w " ''
discussion over the - per cent clause
Controller Myers Is preparing Il s'"'e"' ~
presentation to the Rapid Transit No.''''
showing tina, the proposition Of the M'ni3''.' '
waited Railroad Company 10 pay Tue ivy ~" W
ptiyilege OF extending its lines Is not hs i"' ~
an. city As the Arrangement with reen'u !" "''
present roads e find lie sad, that tue ep"pins
would pay the dy Tor its franchises aoo"' T-''''
a wear less thnn Il now gves-that Is, tue ui"''"
advantages instead Of costing anything "o"ii ~
duce the corporations payments ID 'he Guy "-''"
n year The computation was maze on 'ic ''P'''
Of 1891, the only available Inc p'opo
might even be less favorable than have es''iha"'
~ the railroad Is TO BE- allowed to de'uct 'i' l"'''
Of IFS funded debt before paying the cityS prcen"s
Eugene L. Bishc secretary 81 the Kappa i'"''S'
commission said Yesterday that Mr.. Gould iad ho'
answered the request IF the Commission mat CON
rn,ttce OF the Manhattan directors be app0inei l"
confer with the Commission with authority 10 h'so'c
md make terms. There seems TO be a difference oi
opinion between Samuel sloan. who Is a director Vi
IN. Manhattan Company and member OF the EA.
tensions Committee and Mr. Gould, the president u
the company. They diner Oh "a question OIL the pro
ccdnre necessary to comply with ,hc request Of me
Raj Transit Commission. Mr.. sloan WIS seen .cS
to-day by . Tribune reporter. =. - -.
" Has a meeting Of the Manhattan directors poem
called 10 take action on the request Vi the i.aPu
Transit Commission that committee be appolhteh
with power To confer win IN" 'oinHiSo'o'' INV ~
por, asked. . :. =, 49,, -
> 40 such meeting has been called Mt. sloan re.
piled. =" II any such action i taken II WILL OF
course b. necessary call meeting OF the Gie.tois
When the reporter called al Mr.. GOuld's once, III
the Western Union Building. and put the same
guess attend to that without calling any meet
Ing