New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1900-01-18

tunnelIng and there are better facilities for wharf
lighters and carried OFF
Bst this s not full solution of the rapid transit
problem. The number of strap hangers" between
here and the Harlem will not be diminished by one
ties. just as it always has done and there viii Be
many to Tide on this new road as there will be
@ Pc abe 70 eaIry r & than the e
The elevated roads are limited to i've train cars
IN the tunnel we may run as many cars to train
way under their weight. The cars viii Be bigger
sne the trains VIII be more frequent The trains
way for the locals and about two minutes for the
switches 10 interfere with Their movements This
viii be but the advance guard of the coming exten,
perhaps before there '' viii be tunnels under the
East River to connect with Brooklyn and Staten
LOOKS FOR BIG EARNINGS.
Al the work will be under my direct supervision;
! MIL of course. devote my entire time to It. and
obliged to inspect carefully all the work that is
Foad win earn as much at least the Manhattan
ST @ GOO viii he he mo de
power but the contract allows any other t power
wnieh secs mot nyoSe t ee a Inei
Rnd the draughts by the moving trains being
Ielled upon TO keep the air fresh.
- COLER FEELS JUBILANT. r.
Controller Coler. who naturally takes some credit
TO himself for bringing about the separation of the
city from the county debts, which placed the debt
.ncnrring capacity of the city at a figure which
This is a good thing for the city because 1t fur
nishes better facilities for reaching the upper dis
the population and ali this adds to the prestige and
small b % 6hf city prohibit Bgt beS Sn this 2ab
tunnel has been built there Will be tunnels in prog
the Battery, and a tunnel CONNECTION with Staten
Island. These are things that must come and this
tunnel Is but the forerunner. The city is able to
ISSUE the bonds necessary for the payment for the
Of the 5& S Of the en ofy S Gebt from that
that will be- started Within moi the next MONTH could
not have been done. win issue the bonds as ii is
necessary. When the contractor shows me that he
is entitled to money bonds will be- issued in the
proportions necessary. The contractor may nave
long as he is entitled g the money. II he wants
He cannot ask for the whole amount any too soon
10 please 1 perfectly satisfied with the
when the CITY has his bonds it is safe. I expect
within three months-perhsps sooner / had to
for having the debt amendment passed 1t will be
ment from some of the political leaders. for, al
though they did not come out openly against It.
That u am @1 added to the debt in
S5rem1ms IS lust what the road win cost. Natu-
rally. take considerable credit for the passage of
that amendment. and think that to that Is due
the present advanced stage of rapid transit.
CONTRACTOR PAYS INTEREST. 49,
BY the terms of the contract the contractor
must pay the interest the city bonds to the
bondholders. This will be at the rate of 3h or
& per cent In addition, he must pay per cent
on the bonds to the city to form a sinking fund,
which viii eventually pay for the road. While
the contract price calls for 100000, it is con-
1identy expected that the city will not be obliged
TO issue more than 1000 of bonds, as the
premium at which they will be sold to investors
will net the other S5O00O00
Corporation Counsel Whalen started for AL
bany yesterday to attend Governor Roosevelt's
reception Before going, Mr.. Whalen said he
was very much pleased with the outcome of the
rapid transit contract, adding:
know Mr.. Mcdonald we'll and have talked with
h MN a ao9nt s the bullying Of the road While n am
say that the road will be begun not later than
ence on large contracts. He is an expert on steel
and other building materials. He is, besides, a man
OF considerable executive ability, and 1 think
better man could not have got the contract There
pushed to rapid completion.
It has not been determined who will break
ground or dig the first shovelful of earth for the
beginning of the underground road. Mayor Van
Wyck it is expected, will be invited to do so by
Mr.. Mcdonald. In the event of the Mayors
declining, either Controller Coer Corporation
Counsel Whalen will be asked, 1t was said yes
7erday. --- e--s ------ -.v
OTHER ROADS NOT AFRAID.
At the main Office Of the Metropolitan Street
Railway Company it said yesterday that
the company would not seek to sublet from
Mr.. Mcdonald the contract for the operation
of the underground ratfroad.- The members OF
the company did not wantit, but were glad the
road to be built. it would benefit them
greatly by taking off their hands the long
distance passengers, in whom there
profit but rather a loss. One who is high up in
the councils of the Third-ave. railway said the
same thing for that road: but both seemed to
think the building of the tunnel would have a
bad effect the elevated road.
At the Office Of the Manhattan Railway Com
pany, however. no apprehension of that kind
would be admitted for moment. The officials
there expect to have their road equipped
with electric motors within fifteen months. they
say, and they profess to believe that enough
NEWCOMERS will always prefer riding in the
open to riding in tunnel to keep the company's
profits where they at least
Many people think that Mr.. Mcdonald would
have difficulty in subletting the operation
OF the road to either the Metropolitan or the
Third-ave people on favorable terms and others
say that the denials of those companies that
they want the road is only good business" for
naturally they don't want to pay Mr.. Mcdonald
any more for the privilege than they help
WHY THE METROPOLIS COMPANY DID
NOT BID -
An explanation was published yesterday of the
reason why the Metropolis Construction Company
made bid for the rapid transit contract although
il had repeatedly announced that it would do
II is alleged that at the last moment David L.
1ough, Tammany politician and contractor, who
formed one OF the syndicate. and who had promised
10 add his certified check for $4,000 four others
for hike amount. in order to make up the 100000
which had to accompany the bid, decided to with
~ fhe too Lott for alA ID III clio