The sun. [volume] (New York [N.Y.]) 1833-1916, 1899-10-31
Tunnel BOND REDUCTION.
,y or RAPID TRANSIT COMMITS
sIoyERS OPPOSED IN COURT.

amt Of Security Required Said 10 Re
-, Obstacie to the speedy BuildinR of
a., Snhways - Property Owners Deny
c.,r,. Power to Grant the Application.
rbo motion Of the Rapid Transit Commits
.,ansrs to have the penalty OF the bond to be
Ian on the contract for the construction OF
~. underground roads reduced from $14 .OOO.-
ono r,s argued before the Appellate Division
INA supreme Court yesterday. The counsel
w., authorized the motion were Edward NJ
ss.rari and Albert Is. Boardman for tho Com
-s.operl aud Corporation Counsel John
u.he,on ,o- the city. They were opposed by
c,,,ue Yabriskie and J. Archibald Murray
,.,,ssent'ng certain property owners.
v, shepard said that the Mayor. Comptro-
=, ,,d corporation Counsel all favored the
.a.ed, construction OF the roads. The pro-
,,.aI form ~ contract had bsen amended on
,ns suggestion Of the Comptroller so that the
,,v.stn.nt by the city would not he greater in
a., wear than that officer deemed prudent
s.os IN. amount OF the bond was fixed, he
.,I conditions had 40 changed by the increase
,hsa.sa.srd valuation OF the city that the
.,, c,u,l Increase its bonded indebtedness
a. meet the requirements Of the scheme.
rbs Comm sstnncrs had communicated with
,.,sop, .uii. cd to be in a position to build
,ts roads. nut It had been found that
,ho hirh loud was great and. perhaps. in
.-uI'a obstacle He asked that the court
i,hsr rarnovr all provision about a bond and
t.,y.tha Commissioners to see to the security
,iver by the contractors. or greatly reduce the
.,n,,rt Of the bond. II the bond provision
90. r.sriudnd, the Commissioners could pro-
,,c, the atty by Withholding part Of the con-
,,oct nrcs from the contractor. The present
hond. h, said would. II it could 10 secured.
rni, the bidding and result IN greater cost TO
Nh. ,ity. because the bidder would charge in
his bid the expense OF obtaining 80 large n
boni
vr Zabriskie said that tho court had no
mower to grant the motion, 1t had already
twice cousiaerei such an application on
grounds substantially the same as those, now
sryaucrl Nhen the court rrdursd the bohu
s,onrr. had stipulated that thew would require
Goud IN that sum. That was lna Judg,
nent IN which the stipulation was embodied
sui ihe court could not on motion relieve the
Commissioners from that stipulation anu
molliy the judgment. ,
datt had not been sufficiently increased even
10 construct section OF the proposed plan OF
coprtrucuon While the !inancla! position OF
ths nv mas not materially improved. he, said.
tia cost Uf building the road has largely in
rrensnd The conditions Of Elm street have
charged by the construction OF new sewers.
Ihs contribution ~ electrical conduits on
f6rty SECOND street and Broadway is also a
new actor. There has been large advance in
th. 9 a. OF structural steel and steel rails.
Tie rr'y has decided that the lowest wages OF
acpmluon laborer must be 50 a day for eight
hours work. II lid not exceed II 30 formerly
ior ten hours work. The increased cost OF un-
sk.,rI labur woull amount to not less than
S3h'UuOr The cost OF boilers. machinery.
ears and other things. has also greatly in
creased The increase in cost owing to adj
vNace IN prices would not be less than ST.
GgUUtp.
The proposed construction by sections under
th,auw PANS. which he called Hypothetical
enka."uents." afforded no reason for a change
IN N" bond. because the proposed contract
WIS legal
The court WAS asked to sanction a contract
carefully framed in such a manner that vary
r,-.in no more than one section OF the rond
vi ever he built.
The court reserved decision. giving he coun-
Sc for tho commission until to-day to submit
lr.pth