New-York tribune., 1894-04-13
| A REPLY TO MAYOR GILROY.
, EX-MAYOR HEWITTs ANSWER FOR THE
: CHAMBER OF COMMERCE COMMITTEE.
MIR. GILEoY's ARGUMENTS AGAINST TIE RAPID
TRANSIT ELL. THOEOUGHLY pisrROVED-No
POSSIBLE DANGER IN USING TIE CITYs
CREDlT-THE GREAT ADVANTAGES
WHICH THE PROPOSAL
POSSESSES.


POSSESSES
! The Rap:d Transit Committee Of the Chamber
Of Commerce yesterday made public It's answer
to Mayor Gilroys objections to the Chamber OF
Commerce Rapid Transit bill. II was drawn up
| By cx-Mayor Hewitt. a member Of the commit
tee. and takes up point by point Mayor Giroys
assertions That the scheme of having the city
bond itself for a certain amount. If enough pri-
vate capital cannot be secured IL perfectly feas-
| ible and In accordance with good business prin-
c.plcs the committees reply makes clear, and II
uses Mayor Gilroy's own published uttcranco3 to
dsprove his statements.
| The committees reply is as follows:
| Any utterance made by the Mayor in his official
| ton and .hould have Weight with the Legislature
| In considering matters affecting the city ot ,eN-
riittee Of the Chamber OF Commerce having in
charge the bill prepared by that body for subms-
sion to the Legislature in reference TO rap.d Uah-
Them 20 az .t TO- the necessity FOR improved rapid transit
faciitios IL IN the clty Of NewYork and that they
are essential TO its continued prospefit' am % dur
ther progreSs the y ayIr m by W Dr'v.to
| capital. and that the city should wit unth II -
| duircd for the execution Of the undertaking. The
Mayor admits that up 10 ne present t,ine IL mas
! tcrprse. but he hopes that in the near future
the end which we al desi"' may Dr o2ttned Psd, @
| quiring assistance from the public treasury
& 9 %lTt rdnttc IN g9t ' fSrmed bu. n tae May5r
be correct tho attention OF the Legislature is called
SIr 'f nf conercc @ proviaes for he execution Of tho
work without resort - the city Treasury N case
m"ans I, is o,Iv IN The event OF fhc failure Of tn
Rapid Transit coa,nssion proylsi sor in 'he bin
to find responsible parties ~ undertake tn
W woTfE E on G,t neir ca %N fr Thc chamber Of com.
mcrce. in common With thr Navor VII bo Rre2tiy
take ms great work. and go far as the Chan'"r
curing to such parties very liberal terms ior tAe
use OF the streets and IN reference 10 ta.aton.
THE ADVANTAGE TO TIE CITY.
H. however. no svch party can be found. the
Chamber has deliberately declared its opinion in
favor Of the construction ~ the work by the CITY
through the az ncy Of a corporation who will agree
TO pay for a term of years AN annual rental equal
to the interest upon the bonds issued by the city FOR
the construction and in addition thereto not less
than per cent 10 be appropriated to the giHh'nS
honesty Of administration IN the future operation
Of the road. The city taAcs 10 rish. because the
bonds and pay on the principal within reason.
mag hc made by which either large revenue WI
Scos to the 5 cy l dra d or lower rates OF i"fe
Tho Mayor. however. bases his objection 70 tbs
amount of deb, wh.,6 may be incurred by thc
city Ard be secs 70 b, apprchepsyg thcf - ras tnG
cata.e viii opo-ntc fatal hrr TO the proportion
too Civ Telinr ttc e'ayor's hiires as The basis
for Calculation. it would ear.ar th7i on pGceInnrr
~ i''' ',f. % @ @"n+ MIA, ,..' ,r ~ ro|hcd rho nm
submitted by the Chamher Of Commerce provides !
ihr' under ro circumstances shall the amount ~ /
bonds 10 D" issued fcr 'h" CONSTRUCTION OF IN. road
exceed ~ g3p1 Thor4 10. therefore a. present 7
cone,l.rflonal lm' cvca n the coe' of the work |
rhonld amount - as much as foooeH
WIDE ,,ArG'V TO woHT rroN.
Tse M,vor assumes that (. viii COS, twice this !
-. nrftIf o. 4 at
conjecture The h.rhfsi estimate heretofore ED /
rlisl for fte construcr.7 Of the proposed wor" /
IVES tnai ~ u, r Wrs1n q CO who estimated that /
b. w'oI cN S|eD'' ana ms amount " '''S
Trtsr. 'Gomn',s'on. .ho ave bcca fsr two years
c'rs.iDns the aabiec' But wa".her tGr u p2r |
..,, H., .,.ic- D., .rs.n ,,,rr.. c-aii more than
10000 o.. rNn.nisI g''" tse 81 los,a i,w The /
enlarge ~ th~ rate o.; ;5ooN0 per aaapm A.
sl.a.rs ta-. the rlpii-trtns, sys"m "oh9 require .
w. ',,.,',ii ,r,, so, 40, cl a. io
~ oth.r purpos.. b".ies rapid transit ,..
me Mayor ns-un. i',|. ,"-.iE . .ir . ,
,r.,an.rfs w5u:l d. p,ra!vzsl IT, s:a,es hat TIE
Distribution ~ water. he completion of Che water
-y.trn no" "ii'I WAY. ,' ''-n. mem, a., '." @ r
a"l au o.htr pub,!, hi.dl1rs would 1E I've ~
st,nd.t while tAe r1p.d-trans1t c'nstrdc'ion is so-
ing cn.
rvsnt.2crs FOR 0rurr pr.ruIr WORK
o.,
.o.ira., ,h. fncf ,A,t ,be Soll2, Fund OF the city
I'd! NtW-h "rN contributes AhjIt S,V''V aiHu'.y
for the reduction of the public debt. and thai dur-
,. h i,s, ,, ,.,. .,,,s ,,,rt ,to,. t,s hcen s,a-
go" "'' '''' ''"'" 80 -,
Client 20 provide nearly Shel"" out or whlch mas
been paid iho enormous cxpenl .urcs for the new
parks the nrW Cr.tun Aqa. Iuct. docks. new
schools new 4TmOrcs. now Criminal Courthouse.
and n fact the iruumerah.e additions 20 the public
pToprriy during the .ast ten year All these great
work. have been constructed and paid for. only
,,lfhoff ircr.,sin- .hn civ 1.lt hu by fs actull
rsI,c,o slnc. iNe from oblut Si90 ~. 90 IN about
sic n 40 in iSu In ,fr.r words nearly tilD O0, C.D
So l..r xnn, I'm ma 4 mont ~ d,it and ON min
c works IAe Fr"'irr pax Oh tnis vast amount
over No0o0cO has been paid for additional water
W M3rNS 49,. 1'ynr' me- N ,, ''' f6 ~ "i, - ,r