New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1899-11-22
financial.
70 NEUTRALITY-SUSPICIOUS. Of

The city Of Ro,rs Of Rapid Transit Railroad Commits
to S sSs al. 5 1sSs. snsS the board
CIV GU. proposals 70 construct the railroad 20 coup n v
sane 70 ~. the same upon lease thereof from the City
a. the term Of Nifty 50 years with tent ,s xe.rs
ann the term conditions set forth in the ora' Oh
Contract hereinafter referred to- ~ r.a. FOR constc
,n as work proceeds as provided In the i0r Oh
usst .nnu,, rental to b. paid by Contractor under
after S the n T psa Ss the CITY on
a. bonds for cost OF construction uneuohs s To- ess
sss and the Ike and in addition one W per een, on
such cost Of constructor wss h ppe p per cent during
re 90 years OF the lease ana N soI,o rs.
VIE, weed i've million dollars ooO sum equal to the
Ss oiHts within the CITY OF York between which
.sNa are as follows namely: Prom the corner OF Broad
w and Park Row under PAX Eow 10 ynen n.w @
i to LsSyette Place and under Fourth avenue and
.re, to Broadway; under Broadway TO Ftnnth street
under Brced~Sy eTm es PT vasuc, TO One hundres
All under Broadway and Eleventh
49, nlnetieih street: the southeast end OF Elwood
dale svenue KnesbrdEe station OF the New York and
Putnam Railroad. together with loop under city Hal
p pST and Branch as follows: hun
aad third street TO a P Inds1 Ine o2 ana r oT5h
spnsre6 and street. under Lenox avenue TO One
,ss Harlem River and under One hundred and forty
ninth stree, Third avenue: to and under and by vsduc
so,r Westchester avenue TO Southern Boulevard TO
f Boston Road and Bronx, PARK;
IRE general method OF construction shall be such
re city Hall and for the portions OF the route both
sna thfd street cl tricks and for the portion o,
ne -.. four % TSe. ena oRs sSa &c
Ds 1s 70 inches say q sew y4H OF snT
~. root 81 the tunnel shall be the surface OF the
sire a. s ~, les than thirteen dsS feet in the clear
and With maximum width In the clear except in
are FOUR q tracks and twentyye c25l feet WHERE there
are ar Nj. switches ard The portion Of the
route Underground shall be with steel grders
Srsea soof The yaduct portions shall be Of steel and
ma sITou.a shall be BY tunnelns or open excavation
Tss Railroad for the purposes OF the contract divided
s terminus section at the c PSq a to the sJ PST'
section IL Including a) the part on the west ste from
-; ;s sf vh The branch a, iosrd street and the
5ss section III including (a the part on the see
from ish street 70 Fort George and Sl the past on tne
" including (a the part on the west side north OF
nss sno " The & Sa tas ss s iS IL.
Railroad thai is to say all OF such four e, ps
70 restrict It's entire peepDary liability FOR rapid !rsn.
Is other obligations AID The Railroad is there
fore 10 b constructed and equipped In sections
within enc % year a the nc, Of Work sbS III
s Ss2a section f my 'nh and xhen after the
ment q Section H. and within two (2 years from me ne
a CT dohsu s y f and when
y s @ Se S Of s ana T ae city s
90 elect the Contractor shall construct Section ~ Inc
parties under the contract be deemed to In
S 9n es ss S5d In sedS T is
construct within the limits Of time aforesaid.
be The S 4 f9y TS'S hs @
The and readiness for operation as declared oy the
lease for twenty-five 90 at rental to b be ax yeqs a.
al he
tractors demand for renewal.
requirements provisions details and specnosai;ions
in the printed form Of contract now on NE
The ono. of the Chief Ensneer Of the RAPID TTs 5s1s
copies Of the and o, the forms Of bonds and com
sS,os PROPOSE may be had h sSch pTneG FORM Oh
Sealed bids OF proposals construction and les.
con.ructns and leasing Rapid Transit Railroad with the
name OF the peson Or p p b gd o. Of the
Board at No. 800 Broadway Borough OF Manhsan Ne%
O'clock noon at which time or at date be i1sd
By Board The s T Il. d be Rns' a.
hereafter and within thirty 800 days after the opening OF
corporation or SoPIaSons any Whose PoPSs ,1 se Ts
bidder bidders sha ,. sSssPssa shall u
Il. sa once OF Of a1 e Board Tn n
delivery by the Board and deliver contract
At the time delivery of the contract the Con-
tractor shall give security as follows
% BY deposit Of one million dollars Isl 10000 IN cash
securities OF the character Of securities in which
savings banks Of this State invest their funds and
One million dollars 4l0oo0oo shall be security for con-
~ By a continuing bond in the penalty Of one million
dollars $1,000 600 to secure construction operation pay
% By = bond in the penalty OF Five million dollars
to S snds are S
In Of failure or neglect so to execute ana deliver
deposit such bidder bidders will option Of the
have abandoned the contract.
In the Board shall give notice thereof
proceed to make another contract with such II any,
h s0a dS s a:a e SpR R d 5 as s NTH
m y by 9T % Ss gsfT d msds 9 sSs
Sseupon 6s liable to the city for ali loss and damage
by Il sustained including the excess If any OF the amount
bid Of such defaulting bidder or BIDDERS and without
I.Ggdatsa a, One hundred and nifty thousand dollars
IN B sess q '4s e. :Siy :sPs59's the Of the sd
a a CONSIST i3s w When the the ks
Railroad shall consist Of Sections H. III and () When
the Railroad shall consist Of Sections H. III and "
the e6 '1f 6e Ssg mt f T the %s %
proposal Is based. The equipment includes all motors
other purpose. and all other rolling stock all boilers
engines wires WAYS eonduits mechansms. machinery.
houses shall stand which shall be necessary for the
Implements and devices every nature whatsoever used
-, seih seneauon OF Transmission OF motive power and
ventilation ''' S"'-'S ''e""i'"s "h'
Work begun under The contract within thirty
Each proposal shall be enclosed in a sealed envelope
presence Of the person Offering the pTopos IT shah
be deposited in sealed in which ali proposals shall
be deposited No proposal will be received deposited
unless accompanied by certified check drawn upon
national or State bank within the City OF New York
payable % the order Of the Comptroller Of City OF
New YORK FOR the one hundred and fty thousand
qqoaIs $4,000 II the Board shall by notice 10 any
der accept his or its proposal and IL bidder shall
Idl within ten OO days thereafter within such
further period II any may be prescribed by the Board
70 a1y execute and deliver the contract the two
zones with sureties and make the deposit Of One million
collars Oo0 then this Invitation to Contractors
shl me proposal accepted aforesaid shall
"a binding the bidder 10 pay 10 the City the damages
- II sustained by reason OF such failure. and
Use NE bidder hereby absolutely ass the
,,shlp Of such One hundred and fifty thousand dollars
M40V1 IN payment Of such damages. Such check must
e enclosed in the sealed envelope containing pro-
,e but must be separately delivered the Board or
A. .s secretary who will give proper voucher for the
,stt Al such deposits made by bidders whose pro
snail not be accepted by the Board viii be returned
an a. person or persons making the within five
er.s after the contract shall be executed dev-
ts NE deposit OF the successful bidder shall be re-
Ia nnrAr is "a -