New-York tribune., 1904-10-28
LOVING CUP TO BELMONT,
PRESENTED At DINNER.
McAdOo Tells of UhIizing Su6vray
for Police Reserves.

In token Of the successful opening of the SUR
way. the directors of the InterbOrouEh company
gave a dinner for August Belmont. its president
last night az Sherry's. As a mark Of their appre-
citation of his part in the work they presented
to him silver loving cup. at least two feet high
1t had three large handles. The only inscription
was the initials "a. b.. in script.
The speeches were a mutual exchange of COM
pIments among Mr. Belmont. Mr.. Mcdonald. lfr.
Parsons. the Rapid Transit Commission and the
city officials Police Commissioner McAdOo ssid
that the subway would be OF great Importance in
the development OF police efficiency, IL would
enable the department to transfer large bodies %
men 10 important points with great speed
Forming a diameter 10 the circle OF the table was
a miniature crOSs-section OF the subway. reaching
10 the level OF the table in flowers Just where Mr..
Ond-st- station-platforms. stairways tracks ard
ticket booths being faithfully copied.
Walter c. Oakman acted as postmaster. Mr..
Belmont sat at his right and Mayor Mcclellan az
his left. Among the other guests were President
Melen. of the New-York New-Haven and Hart
ford Railroad: President Neuman OF the New-York
Central; Samuel Rea. vice-presdent OF the Penn
sylvania Railroad; President Alexander E Orr and
William Barclay Parsons and John H. Stsrin. Of
the Rapid Transit Commission: John B. Mcdonald.
Cornelius Vanderbilt. Jacob H. Schif. Vice-Prssi-
dent Bryan of the InterbOrough; Joseph H Auer-
bach. Charles Stewart Smith. Morris X. Jesup,
Congressman Timothy d. Sullivan Senator P. Fl.
McCarTen Thomas F. Ryan. julien T. Davies De
Lancey Nicou James H. HYDE. Borough Presidents
Ahearn. Hafen and Cassidy and ex-Nayor r. A.
Van Wyck-
Mr.. Oakman in welcoming the guests. said;
Without detracting in the slightest degree from
the credit due 10 so many Others-frOm the RAPID
their most dlfficut task from the modest chief en-
gineer. who has been the keynote Of the whole
has been builded; or from the contractor. who
COuraseoUsly undertook the cOntract-t is but fair
70 say that the present outcome In its entirety is
due to the presidelt of the company.
At the end Of his speech he gave 20 Mr. Belmont
the loving cup In response Mr. Belmont said:
This afternoon 1 touched in few words on the
question or the capitalization Of this company.
When l stated that there was no excessive capital
property or construction about 10 be finished. The
been no watering as il is commonly called oS IN.
stock; and the city can congratulate itself to-day
upon having an enterprise, which. If 1t succeeds.
succeeds entirely its merits, and will have the
fun benefit of ever dollar that has been put into it.
The construction down Broadway has not been
completion Of Mr. Parsons's work. and 1 would
road has been Constructed in the city Of NeTYor
without the disturbance of the surface is the result
hen fiI+ nier toIe con,iirinHs t voIIJ TrobaTI(-
Gss CSs+ e1o aaI mes and rossifiI- vSo1ld 1,cr
hav" been undertaken at all. But the citizens Gf
never he obliged submit to the dsconforts which
they experienced during the constructive period
covering the last three or four years.
None Of US would have been able to proceed
Mr.. Wickersham and Mr.. NicOI and Mr.. Davies
a day that we were not Obliged TO act under their
guidance and wish 10 say that we do not realize
New-York.
Mayor Mcclellan thought that additional routes
should be laid out. and wanted to keep small
part of the City's borrowing power for that puT-
pose. He referred jokingly to the report that he
had run down a the trial trip. then cone
tinued:
a5nI 5 sr Of R has hn[sd 1s this b is % not BY
AS most of you probably know our borrowing
capacity is limited We have. il I remembers
Su0.0000O. or that something like S50O0OOOO is al
ready. TO speak pledged for undertakings that
sD.OOOOOO. Now / believe that the normal Increase
@ soeR which Ts are f ne for e osr 81
needs Of the city and that the margin Of $4,000 0O
ing needs of New-YOrk-an additional supply oe
And trust that every gentleman here to-nigbf viii
/ help me and aid me N carrying out that policy,
tent commission. and with the aid OF Mr. Belmont
rd6 anG 5e aiI osT III T of @ be- M 6 s 0I c1n
/ dertaken with margin that we have to-day at
our disp JsaL
Alexander E. orr spoke for the Rapid transit
| Commission. He said;
( remember some time after the RaDid Transit
Commission was so fortunate as 10 let the contract
/ 70 MT Mcdonald ana MI Belnont TOOK II up nom
the STANDPOINT OF the hnancierlng oOhgation, that
some persons in high position after il under
STOOD tnat tne enterprise gong De success.
! charged the Rapid Transit Commission with hav-
ing given great asset belonging to the city TO a
/ favored few. The persons making that statement
| had forgotten evidently that advertised what
/ We had to sell for six weeks IN a number OF tina
4 Citv papers. and. instead of our having given a
/ great asset 10 a favored few. I looked upon IT.
and believe that each member Of the Rapid Tran
/ sit Commission looked upon it-that instead OF
favOrtng the gentlemen who undertook this
great enterprise. they certainly favored and made
\ mission.
| William Barclay Parsons chief engineer Of tho
/ subway told OF debt which the city and tho
! Rapid Transit Commission owed TO Mr.. Belmont
I Commissioner McAdoO. in referring to the advan-
| tages Of the subway to his department., said:
II is quite likely that a connection between the
! new Headquarters building and the tunnel can be
/ readily made. that considerable bodies OF men.
II il deemed wise could be held in reserve at
I Headquarters and transferred quickly through tho
/ tunnel and It's cOuvergtng points into all parts
Of the city where they needed How far II viii
I affect COugesJed spots and the present mode OF
transit IL viii be hard 10 say. Up to this time pat
rOnage has kept pace with the increase or 1acilt-
ties In the matter of transit and this is quite like
Z ly be still the rule. There will. however, un-
dOubtedly be shifting OF pOpulOus ceutrea In
this movement the vicious Will go with the Virtu-
the crooked with the straight and IL VIII ba
+ To protect the gssd and laWabiding from the evil
and lawless. The police VIII have TO adjust them
selves the changed conditions in the warfare
/ that must constantly be waged against crime and
| vice.
! George /. Rives. ex-CorporatiOn Counsel and
/ Delaney NicolI also spoke -
WHEN THE ELEVATED ROAD WAS NEW