New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1898-05-27
GOULD GOES INTO DETAILS
TEXT OF A CONTRACT FOR THE wEST-sT
EXTENSION.
LITTLE DIFFERENCE WITH THE RAPID TRANSIT
BOARD on CONSTRUCTION BUT HITCH
IS LIKELY on THE FINAN-


cIAL PROPOSALS.
The consistent demands OF the Rapid Transit
Commissioners. that before granting franchises for
the extension of the elevated railroad sys-
TEN they shall know explicitly and in detail
Just what the Manhattan company is prepared
to do. have AZ last had the effect OF com
polling Mr. Gould and his colleagues 10 dehne
clearly their position Yesterday they submitted
TO the Rapid Transit Board the text OF a
contract they prepared to make with the city
for the construction OF the West-st. line. so far
the companys constructive plans are concerned
there is little material difference between them
and those suggested by the Commission The
company agrees build railroad from Battery
Place. at the intersection of Greenwich-st.' along
West-st to Horatio-st.. and continuing thence 10
a connection with the Sixth-ave elevated line Mt
point near West Thirteenth-st ComprehensiVeiy'
the company states its Willingness to erect the new
elevated structure according to the specifications
and conditions suggested by the BOARD ana a'So
binds itself complete the work within the pre-
scrihed time Of three years. due allowance being
made for possible legal delays. Thus tar there Is
practically nothing indicated IN the Manhattans
plans likely to meet with opposition by the Com
misSoners
a HITCH on FINANCIAL PROPOSALS.
But when the consideration OF Mr. Goulds imam
cal proposals is reached a very decided hitch Is
likely 10 occur Mr.. Gould adheres 10 his unrea-
sonahe provision that his corporation shaII not ne
called upon to pay more compensation Tor the IRAN
chise than one-half Of per cent Of the gross re-
ceipts taken at the stations on the new line IN
likely as Il Is that the Board will consent to so
great a reduction from the per cent which they
originally resolved upon. IL Is stl more Improbable
that they will countenance the terms laih down ny
Mr. Could for the periodical reddjustHieht OF
rentals Recognizing that the growth Of the city
would mean increased traflc. and consequently In
creased revenue 10 the railroad companies. the
Commissioners determined that the compensation
10 he paid to tho city should be readjusted at In
torvals 81 twenty-five years. the presumption, "i
course being that the city should receive Increased
income for the franchises as they became more
valuable. But ~ Mr.. Gould's stipuations Tor the
government Of these rcadjustments be adopted. the
ctys treasury ultimately Is not likely 10 feel any
considerable benefit from tho franchises given to
the elevated railroad.
In readjusting the rentals, Mr.. Gould maintains
that allowance shall nc made for the expenses OF
keeping the new lines IN repair for interest on
money expended in their building. and Tor de'e-
rioration. and that the annual sum so nxed shali
not exceed per cent NJ tho net PROFIT resulting
from the operation " the road In itself the sum
set aside for deterioration might easily wipe OUT
any net profit which the balance sheets OF the
working ~ the new roads might otherwise snow.
and the city might be minus even the one-hai OF
per cent, which Mr.. Gould Is no" 'e""' '" '"'
on the gross receipts.
In submitting me amended Wes,-st franchise
10 the Commls sloners yesterday. Mr. Gould prom
Used that similar propositions regarding the cross
town and Fordham lines and tho additional tracks
and facilities on sixth and Third ayes would bee
prepared az speedily as possible. II Is N''rre'''
therefore, that these the only franchises "hl'h
the Manhattan company viii accept. The meet
ing was attended by all the Commissioners. with
the exception II John - Starin. who IS In Europ"
Controller Coler also attended. but as usual. re
made a very brief stay.
MR. GOuLD's LETTER
In calling the meeting 10 order. Alexander i.
Orr rena the following latt-r from Mr. Gould.
dated May .. which accompanied the Msnhnt'nns
proposals:
In your letter OF May q. you request this com
pany to amend NE text :, ne sE n-r, ar
proposition which shall b" comp'le IN oil ~ d.
tract We are willing make with The city" COM
plyins II"np,y ~" ~ ,,,,c ~ c'nsticrnt.on hy
your BOARD AT IS regular meeting to- morrow. tho
ioxt Of the Wcsi-st. franchise. II shows exactly
,,.fa, ,nrtracf "a. ar. willing 10 make with the
W., ana a. am advised by eminent counsel. It's
provisions are neither NOR nor ics. tn"n are re-
We agree 20 execute a legal acceptance or THIS
document a4 soon as IL Is signed oy your board
herevl,h submitted are satisfactory we will trans
nit to you counter propositions FOR the crosSiown
SaciIt,es A. speedily AZ they can be prepared by
our counsel ard engineers.
The franchise as amended by tho Manhattan
company was then read AZ tho outset II cites the
application made by the company for tho West
ct extension. and then in legal phraseology emu
rneratos the routes which the Iine will follow
and the various appurtenances and stations which
are 20 be constructed. Continuing the amended
franchise reads:
The connection ana extension hereby authorized
shall hc 20 constructed NJ not 20 encroaoh on or
shall he connected win the existing sx,h-ave. md
Ninth-avc lines OF tho Manhattan company nj or
trains ma, be- run TO and from said lines from and
TO the connection and extension hereby authorized
said connection ana extension At Ratiery Place and
sixth-avc. The Manhattan company may from
additional stations said connection and "x-
tension as It shall deem necessary but said stations
shall not be less than 90 nor moro than 5000 feet
The tracks hereby authorized along Horatio-st
may II and when tho Manhattan company shall
ayistin'y trarks OF the Manhattan Company on
ehSng ST. at sufficient heIght to permit the
unobstructed running 81 trains on said existing
tracks The Mannet'an coinpnny nay also ~ ana
and connections between III" connection and cx-
,rarEs on Greenwlch-s. TIE tracks hereby au-
thorzed nlong West Thireenth-s st may. II and when
he Manhattan company shall nj. be 80 CON
Sixth-ave. that the southbound track Thir
The soufhbound track on slxth-avo or carried over
or at the side OF the present tracks so as 10 make
a connection with ne existing sout Inbound track
M such point SiXth-ave. the Manhattan
company may I'm it's discretion adopt between
Fourtccnih-st and Eightccnth-st.. and the north
bound track Thirteenth-st. may, II and when
The Manhattan company shall see NJ. be- carried
over the sout Inbound track on Sixth-ave at sur
0cicnt height to permit tho unobsructcd running
Of trains on said southbOund track at the same
timc. and said nOrihbound track may. II aud when
Tho Manhattan company shall see NJ, he carried
along Sixth-aVc and AZ the side ~ the present
stru,furc so as make a connection with the
existing nOrthhound track ~ such point Sixth
ave as the Manhattan company may In us dis
crrtiou adopt between Fourtccnth-st. and EIgh-
,ccnth-sf Tho tracks hereby authorized along
West Thirtcenthst may II tho Manhattan com
many 40 desires be constructed and terminate on
The east side Of Sixth-ayey at an elevation above
,he existing tracks on SIxth-ave., sufficient 10
hermit the unobstructcd running OF trains on said
ryisting tracks at the same time
rho Manhattan company shall construct two
track railway the connection and extension
hereby authorized 80 dcSigned and planned that
q NAV AT any time hereafter be converted into a
three-track railway, and the Manhattan company
shall have the right. II and when IL shall see nt
= ill., iA