New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1907-05-03

to be paid by the operating company to the city
the cost of all easements acquired 70 be added
TO the cost Of construction and interest paid by
the CITY upon bonds issued for these purposes plus
l per cent, is to be the rent This is substantially
Mhao was done in the of the Manhattan
brooklyn contract, where the rent is the
interest plus per on bonds issued for con
struction. together with interest or bonds issued
TO acquire easements for right Of way
Whatever the cost Of these easements might be
II would have to be paid by the city under the pro-
posed contract. and the operating company would
nave to pay as rent the interest which the city
paid on the bonds issued for such property, plus
Assuming the cost to be s25oo,OOo, as estimated
and the interest payable by the city TO be per
PAYABLE. but would not otherwise affect the cost
the road 10 the contractor.
cost Of easements acquired for tights NJ Wav hut
II mas been the declared policy OF the board ever
since 1902 70 make such charge
frances.
This is of course. matter which the law does
rot regulate, but the policy the board as declared
1or the last three or four years has been to pro
vide Tor putting station entrances within private
Sixth avenue line is expressly provided that this
s4aH ne done except where the board might give
frances in the streets
ages. '0' N''''
In the contracts for the Manhattan Bronx and
PROVISIONS as 70 the responsibility of the contractor
ior damages TO ahuttlng property believed TO
be ample In practice however. Serious doubts
nay" HIlsen as to the meaning Of those clauses
II the Board so desires the contract OF
course be redrawn so leave the contractor
,TtHpohslple only for the use of reasonable skill and
and occupers OF abuttlng property would have no
CITY on New York responsible The accidents occur
ring In Park avenue and in Joralemon street have
for as in P0aFa shape to
Fifth-An increase in the diameter OF the tunnels
dp ms Increase is Que as am Informed by the
satisfactory service The req sons are or Course
Of technical kind, which I cannot undertake to
sixth-"The fact that the express and local tracks
IN e%lner9n avenue are upon different levels also
TT This is as much as saying that going up Lerins
stand from the engineers that It would be in the
long run quite expensive. II not more so. TO
make four tracks the level Lexington
avenue Is comparatively narrow street. where
any ONO than double deck construction would be
Seventh -"Another important consideration is the
OF contract upon the public authorities TO require
TON time to time any changes in the construction
pliances used therein as shall TO them proper
Mr.. Rives refers considerable length to this
phase of the situation. He gives the terms Of the
old contracts which covered this point and explains
the difference between the two contracts. Then,
referring to the provisions OF the new contract he
says:
vd 1t vii P be seen that If carried into effect they
HIlIcn VIII pc vested In the new Public Service
commission ON If the bill now pending before the
authorize the commission to make orders and d.
rections. which would be prima facie regarded by
be enforced except through the medium OF a court
order.
Eighth-Mr shonts further points out that in
various respects the income would be reduced,
the expenses which must be provided for out OF
income would be much greater, compared with
the original subway contracts
These things not due to changes in the form
of contract.
A. Interest. the suppOsition that the city can
sell Its bonds per basis. will be from
one-haf TO three-quarters of per cent higher than
This is beyond the control Of the board
b. Unlike the original subway. the entire invest
y tai n "a Will he
subject to taxation This IL due changes in the
rapid transit act, adopted in 1905.
c. Various advantages conferred by the original
contract eliminated This doubtless
fers the fact that under the existing law ad-
vertising merchandising OF any kind be per
mitted in The subway. This will make considerable
in the profits OF the operating company,
but is imperative under the Elsberg law
d. The lease is limited twenty years subject
TO a renewal upon a reVa luation. the terms OF
which cannot he fixed In advance. This Is Of
course, due to the rigid terms OF the Elsberg law
for which this commission is IN no degree RESPONSE
bic.