The sun. [volume] (New York [N.Y.]) 1833-1916, 1897-11-14

s psITIDr S g %sST :, ~ 70 Iqstity the city =, in S So%;
who are OPPOSED I to tS SSs a / r. sSd'q road DIDO DO
not urge " a. one OF the principal objections TO
A more important objection that Is urged
against the construction Of tho road Is that,
when built; even, ut q cpst no greater than that
According to the plan Of the Rapid Transit Com:
missioners, tho city will own tho. roadbod, but
operate IL for . period Of not. more than
thirty years. Attention Is called to the
fact that " the contractors who build tho road
an S"i i%possiSiit y H Tor = t GsOn city y to S'i fn @ another mott
company to undertake the task. II the city can.
fplly, it 4 urged IihSt K must operate i itself,
whioh VIII result In tho %citizons of tho city being
s sSSSd from TO MAKE ,ss r up the aOS deficit ,Ss IT,, between It; Senrd the rev
Thoso who have studied the subject say, and
they say that the fact 10 not disputed, that the
1891 failed TO sell because It offered no prospect
OF a return on tho capital that would have been
terest which the city pays and the rate at which
aprtvate corporation may borrow money to pay
e cent, SS,pf tSs. i.stG ai itse eGsS would oSI G NOT he : Rft
Client to block the success OF q project otherwise
financially sound.
sioners have carefully avoided either an invosti.
EatiSn or the expression of an opinion as TO- ne 7
iifoIy to U eaTry. 'o or t ShnaG royo"nS WITCH rSid M Il might It
Si,s expected % 70 prodHn S%m TsS 0n,y data on t fSE;
R IsssS ; ,c sssW ID in Increase e table oi G poSu:
iation in the city of New York and another
table .s showing . The annual "a N tram, TS Of the iop G , p.s|sS
the most Significant things that these tables
profess to furnish rapid transit, have lost traffic
since 1888 to the extent Tns 81 q about t,: Se 4 ;9o3
persons prefer riding on the s%urfecS Of the earth
to riding above 1t with plenty Of light and dir.
what percentage of the population may be OK
syitiated air and little or no natural light.
From the showing m do by the Commission
ers' own tables IT is argued that for a long time
patronage Target from the persons who now use
the elevated roads. They are not now enough to
pay tho operating expenses Of the road. their
fixed charges, and 4 per cent. on the stock. From
such data as aro available it is contendea that
the annual revenue from the underground road
would not exceed $4,000
first items to consider is the Interest on the cost
of construction. This, at the lowest stinate
eest s OF the w p,SlGGSs Be 81 1856 go. oS So'e TSen he AZ inter sa
eat on the cost Of eq uipmentmust be considered.
The Commissioners estimate the cost Of equip.
%en tb,s at at e0oss p sr4, esns@it BENG benz 'n q pri!
vate Ioan-would 10 S725,o00 {. The an.
nual estimated cost, of train service, Is
$50 So. train supplies at Ssi. 900. and general
or incidental expenses $4,000. Adding to all
these the cost Of power. wear and tear. esti-
the road reaches S4.7i5.OoO. This estimate is
based on deductions made by the Rapid Transit
Commissioners.
also estimated by the Commissioners, and the
estimated cost Of operating the road ieaves an
annual deficit Of sslS 900; With this as g pos
sion OF the Supreme Court can think 1t policy to
compel the city 70 undertake such o work.