New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1899-03-28
BID FROM METROPOLITAN
Continued from hrst page.

drs iss,snd FerTv lines by bringing in tracks
from those lines through prSaSe between Thirty
second-st and Thirty-thrd-st ana fou''n anu
a. At or near Forty-second-st for the Madison
", A. or near Fifty-nnh-st for the Eigh'h-aVe'
line and the FIfty-ninth-st crosstown me, , t,.
CD At or near Sxty-ftth-st Tor me a. , ,isIe
ave lire and the Boulevard ana
spe,al provision TO be made for deyery of pas
Of the steam railroads usns the Grand Se9 oIi
Railroad Station. ar Forty ,se3n Win the New
Vork and Harlem NeW-York and y W -daVteh ono
New York Central PToyaenEe between all points
on their lines within the city limits a"" '''
en- terminus Of the new ROAD
EXPRESS TRAINS.
Four,h-Express trains to be run on inc 49, .
,nsrked as express track on your plans ana upon
then, the fare 70 be 10 cents. provided 'ha' ~ -
o,oors anon all such trains shall be entitled 10 W.
,r,neferre1 TO and carried all other carr W
trains ON the new road without the pay a car
sdoi,ional fsre and 10 be transferred 70 anu ii,,
Strect Surface Railway without the pay ~, otber
aiditional fare and that passengers 1'i d" Entitled
10 0e transferred 70 such express maj mas
ment OF ive cents additional IsIc an" ID ~ he
Metropolitan street Railway shall De enres trains
| on The payment Of FIVE cents IN adiiu'" 10 '''
present street surface TaWaS %press train except
| 900 u btrh s scheduled run. ana. bafI''e a.. a.
cden'1 doe5 n; The rate Of twen'y
| miles an hour and for a. cas- ,H4r,H miles an
| Forty-second-st.. a. me fA'e w ''"'F
Fifth-Provison to nc made FOR thiTd iTaeS So on
S.ire,,-sixth-st 50 that express trains may , 10
nm down in the morning and M in the evening
! over the entire road ..,.s 70 nee
! eixth-The new company ~ be enu'. .S ,y,nel
ne side Galleries and other spaces IN ne ,r irse
,. ,,a.eeser,- for railroad purposes. 10Y any VII
tubes or conductors auihorz'u - IN lis own
60. s an, Tentals which may be derived tneIetIonl.
SeyenthThe city 10 receive a. CON- en IN lieu Of
a9alion 6.rres mon the franchise granted mere
under annual rental cqusi ,on 81 the new road
| t,55o5 ~ whenever any such paNmehl siiat 80
leave the receipts os ~ CONSTRUCTION and The
0nersting expenses including taxes ne le'oeH''se
'orgnfbTbe real and personal property toi mn,
mart ~ said railway 70 ne eXepl ll In - ~ the
! y p3 STIrl1nst act with the amendments prQp9sea
bv he Commission IN the bill now penang '7'0
'Tnth-Adequate stationroon 70 he g7ve9 "raf r
90, ian Park without interfering VI" WA na-x
- Vont for access from the street ana eaLH'
which is 10 be given by suihclehl sIlIi s.ations
lar provisions TO he made for ssce a. The
| functions Of Broadway with S'Nen'"' H'7''
umoas ana no Covered by the present CON
strqcton plans sno Io as beietofore contemplated 10y
| ~ ri.rs the construction n conform 10 ~"
1oirr r. the public safety 10 the U.s.
Of portion Of the s' Te2gsrs rpss and other
places OF me , G, an now in The streets and
which may be nteIieIGd WIN ny 'r,rovided for AT
! the expense ~ the tunnel compaiE IN, III
with your plans ana 10 yolr 500, a. he deemed 20
include ne cost a al pryade IroPef'f "a rroror-
,o, ~ ne costs Of any pover-house. machinery
/ or otbor plant constructed or ACQUIRED LOT lle
join, o9eTa ,o N e, ono street Railway Com
| nsrv expenses of organization. pans "- r az
.o youcbcrs and payrolls showing The cos' 81
! construction and tho earnings a. me ne" ''"''
"rff.,,c,tb- The earnings Of the new ROAD 10 ne
! ascer,ained hy taking al the rare "a bv an
! equal division between the new road ana me Me-
rcuolitau surface road upon AZ )oinI yosn the
..,,,,ei coropanv or the Metropolitan Street bal
way Company and your boaro " . N be sub
rniftcd 10 the determination Of three arbuddtUrs
poiitan street Railway Company ana the 'hfo
chosen by The TWO 50 selected -~o.., =, ~.
ms P 5rps ~ The Metropolitan Street Railway
ss'omnany' in the manner provided by law. Very
reSfFs 6oT HOWARD WINTHROP &, sTI n f,R
NevYork. March o. 1899
LETTER FROM COUNSEL.
ACCOMMODATING this memorandum Of terms was
. letter addressed TO the Board boy Root How
ard. Winthrop & Stimson pointing out inc ad-
yantaces the people of this city would onta'h
bv the acceptance Of the proposal Among
! other things it is stated:
Ina, the reason why capital has nor responded 10
,a onc-cont.nued imitation % the city 10 ake the
Wei, az construction Of an underground road j. Una
there is not sufficient prohaoiIly thaI ra, Ia
I'm view Of its great cost. couId ne opeId ITI Pnh
| ably on an independent basis as trunk me VIII
| on br3ncbos or feeders That such road WIN
ont any means Of collecting ana uts u'L'Iit 70.
! eengers over surface lines would afford only very
| ~ he citv most OF whom would either be obliged
10 walk long distances 10 reach me sisoioS W P'H
That since the INTRODUCTION of the unnereroulo
system Of electric TRACTION the rea 0Ds.aslc 80 ~
diflon Of the streets in me lower part Of the CITY
and that the same electro cars d n%T u he nro
,.-iicd svftlv through tunnel from Harlem 10 the
! NV paU the tunnel road being used az q trunk
/ Inc while the surface roads are used FOR local
traffic and the collection and dlstIlo uton OF pas
sengers Tor the trunk line real rapid transit would
rhat While the tunnel road Itself would AFFORD
20 the most northerly districts Of the city ne con-
vonicncc they have so long sought It's compna'i"1
| with the surface roads w0ulq give inugh he t
! Iortv-second-st to Harlem. and especially 70 the
~esidente between the line Of the Central PARK ana
| East River who would otherwise receive niue pen
eft from the new road -. ,,o ,,rdoreround
IA frrn ,s~ civ Hall TO Forty -second-st. VITA
| the New-York Central New 1ork ahN hhI.en ~.
Nonld n effect make rapid-,ransit route from the
CIV Hall to every point within The CRY limits on
! the four lines OF the railroad COMPANIES WeHlloh'd
INCREASE OF BUSINESS
| That the increase oi puelilcSa VIM " ~ '
! from the increase Of facilities thus afforded "oulI
rrobs blv Justify the assumption Of burden by the
| Metropolitan company for the construction OF me
new, road which would be altogether beyond me
possibility of profitable investment II the road we're
| 10 be built and operated Independently ana " |
| the MetropOlitan company could PROBABLY o-eId 'c
| Inc new road more economically and effectively
than any independent COMPANY ana mgh' mus
make a profit where such another company woAid
! fail. ,.,-- 49,, .A- ,fo.~o,ot,-
| 90, '@onnauv now has as lessee Of tie New YORK
| and IIarlen's right TO the Fourth ave tunnel ne,
| tveer Thirfv-fourth and Forty second SITS. and
tbrouRh owning controlling large tracts OF lana
| irnucdiately available for use. and especially IN
he possesson plant for the production oi power,
containing provisions for large increase o. tltIre
! requirements. aud which II has Deen engaged lof
/ ---...-.- -. I'm LaNa ranLl-transt rnad u