New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1907-02-16
SHONTSS TRANSIT PLANS
W4NTS "SQUARE DELL"
Wo"Id Makc Improvements for
Fifth Years Of GrOJcth.

company has already taken up the transit prob
lens of this city. gave some idea of how he
would treat them in a speech last night az the
second annual dinner of the Iowa Society at
the Waldorf. To the solving Of the problem
OF relieving the congestion of traffic he promises
to give his instant attention. As TO the second
problem which he said was the preparing Of
plans for adequate facilities for the next nifty
years of the city's growth. he hopes within
reasonable time to present such plans for full
and free discussion by the public and the proper
authorities He said he thought the public
should he a sharer in all the new plans Of the
company.
Most of Mr.. shonts's speech was about the
general railroad situation. the state of the pub
lie mind against railroads and the tendency Of
state legislatures to reduce rates. Admitting
that the railroads in the past might have been
responsible for some Of the public feeling against
them. Mr.. Shonts said they were now badly I'm
need of money for improvements which was
hard to get on account of the state OF the
public mind. Let bygones he bygones." he
said. Tho time has come for what the Presi-
dent calls square deal all around
He spoke against the present proposal TO limit
profits capital invested in railroads To q per
cent Of the money invested. and said II was not
fair that land owner should profit by the I'M
earned increment and not the owner OF railroad
stock. He predicted that If the present move
ment FOR reduction of rates prevailed generally
there would 10 a crop Of receiverships
Secretary Shaw Of the Treasury Department
who spoke to the toast Some Things Accom-
plished." spoke rather Of some things to be &C
,,,,,,,,,, 81, 90 - ,,t,,-. ~. -
chant marine, the maintenance OF good navy
and the search for foreign markets He pre-
dIcted a time OF stress when We would not have
"A market for our oyerproductIon in manufact-
ures because the rest Of the world would not
come after the product
The reference or Mr.. Shonts 10 what he pro-
forh ,,root arr,a,,sa ,,I.
true when ho said. let the railroad r,,r,,,srs
" ''' - INV '"''l"du managers
oren Io, tor 80 ''' 'oe 1u' IN 'ne
tt, - 49,, - "','
the public so much as .ood service baliave
" $50 CIV "''''N'
that if You treat the public fairly you viii get its
good VIM
Us - '''' ''''' IRAN
50 s'' "'''''' WI '''o'''S S''''
1 presume 1 should tell you something about the
enough into the subject hc able 10 state more
Than the general truth that the owners Of New
York transit facilities have followed the rule which
Throughout the country. namely, eniarging their
one set 81 improvements has been finished the
Two problems now confront US The frst and
the on" pressing for Immediate solution. is 10 de
"A temparary charUcter. which wiiF give relief rom
the ageravatons of the existing congestion. To
tentla5n 7''' '"' instant '''" pest at
The second ana the broader one is to urepa re
plans rocking to tn. future commemorative enough
To provide adequate facilities Tor The next nfty
wears OF the Ctty's growth and on ii scale liberal
enough 10 give II better TRANSFORMATION fhan is fur
nishcd the people Of any other city i'm the world
This plan should safeguard the rights Of the tray
Of Tie stocboid 81 t %! r 1T sly 2mn Ife rE2is
own idea is that tho people and tho sEareboIdrrs
should be partners I'm the benefit TO be derived from,
the execution OF such plan
/ am CONVINCED that the construction and ,,,.r,
herein yI t 1"ps tne INES
between the people who nav the fares and GOV, r
parties primarily Interested I'm the host sotfnr ~
tho problem before US
| hope within a reasonable time to submit TO the
proner Authorities for a mi mud fair and frs,i ii
cussiou proposition drawn on the lines / have in
dicated with the conviction that nm agreement will
be reached which win be satisfactory Ia the nITi
minded and thoughtful citizen "
drifted from the West into the marlborough
company "S way VI washington ana the 18Th
mus of Panama lie continued:
My attention has not been called 70 aerial n,,i-
cation but with most other kinds Of transportation
with various above ground varieties, both by rail
and by water and perhaps I may hs permtfCj in
saw tIat NV eyperence in Wasbingfop los eivc7
me valuable knowledge in regard TO UNDERGROUND
subway operation.
studies OF the transportation problem have led me
Railroads have made possible continental ex-
not have been built without money. nor C"uId tbeV
: he maintained without remuneratiye rates Iiad
the present proposal to limit profits to per cent
the capital invested held sway during the early
railroad would have been built ''''' -
Inc pioneer railroad builder who rsked Bank
tent entitled 10 the increment rcst,ltinp fr6n tha