New-York tribune., 1909-03-09
TO SPEND S5O,OOO,OOO
Continued from first page

will generally relieve the inconvenience. is con-
ternplated, he said. A transfer now Is neces-
sary.
IT IS also the purpose Of the company to
construct under its capital he continued
TT will be suited with a franchise along the
lines Of the indeterminate grant now existing
for the Sixth avenue tunnel and the extension
under qth street-that is, that at the end Of
twenty-five years the city may purchase the
tunnel at cost if it desires.
Those who spoke in favor Of the application
included many business men and merchants, as
follows. Charles f. sprague. president Of the
Union Dime Savings Institution. which IS at
Broadway and S2d street; Henry c Wright, sec
retary of the city Club. John r Butler. repre-
sentinS the Retail Drygoods Association: Ed
ward Hatch, of Lord & Taylor. Louis Stern. Of
stern Brothers. + W. Blooningdala. Of Bloom
ingdale Brothers. Nathan Straus. OF r H Macy
& Co. James P. Beach. representing James A
Hearu & Son: z. J. Creenhut, Gustav II,
Schwah representing several steamship lines
which land passengers in Hohoken. and Walter
! solomon, Of the Fcrty-s second street Assoeia-
ton
Among those who opposed the application
we're Senator Stephen J. StllwelI, Of the 2lst
Bronx district. X. u. Kennison Of Queens
Edward Ham, Of the Central Federated Union
a II. Jones. representing Ine NpFlil sue O-etN
Of Trade: H 5. Mcknight. of the Long Island
Real Estate Exchange: Lucien Knapp. Of the
United Civic Associations Of Queens; ]. W
Paris of the Flushing Association. Eugene
Archer. and William H. Williams r.
Mr.. McAdoo, in closing the hearing. resented
the attacks made by certain OF the speakers upon
the proposed tunnel extension on the ground that
it benefited New Jersey. He said that the tun-
mel paid taxes in New York and had benefited
every inch Of property along its route He said
that alues had generally risen result Of
the tunnel IF the route which we have laid
out in 42d street interferes with any Of the levels
Of the Interborough," said Mr.. McAdoo. I'VE will
have our engineers get together and straighten
things out We will meet them half way"
wuLCOX AND sHONTS CONFER
After the hearing Chairman Wilcox and Mr..
Shonts were closeted for two hours. going over
the proposed plans of the Interborough- At the
end of the conference neither would talk.
Mr.. McAdoo. referring to the designations of
AIessrs Vanderbilt. Lane and Freedman from
the directorate of the Hudson Companies. said;
Referring 10 the reported designations Of
several directors Of the Hudson & Manhattan
Railroad Company. ] can only say this Three
directors Of the Hudson Companies have re-
signed. but they did not have any connection
WIN lne EEuScn q IdlIIdttal EAdI4LcaL I'm
pany. They Were members OF the board of the
construction company. which doing the
work Of constructing the road They were mem
bers of this board because they were investors
and not r. representatives Of the Interborough
If there was any agreement between the Inter
borough and the Hudson & Manhattan I do
not know about It, and neither do any of the
other gentlemen who are connected with me in
the administration Of the railroads affairs"
The special committee Of the Board of Esti-
mate and Apportionuent which IS considering
the Fourth avenue subway held a meeting yes
terday TO discuss Controller Metz's proposition
that the injunction against the construction of
the subway be modified so that the first section
and half Of the second might be built. The
Public Service Commission recently intimated
that it would approve such action.
METZ SURPRISES OFFICIALS
Controller Metz has got wind Of the INTERIOR
ourh's plan as referred 70 by President Shonts
in the hearing before the Public Service Com
mission. and he sprung it on the other members
of the special committee. Messrs. MCGOWAN.
Ahearn and Coler, who had evidently not heard
of it.
The Interborough people have told me that
they will bid for more Manhattan subways.'
said Controller Metz. Now. what you go
ing to do about Manhattan subways II YOU put
all your money in FoIrth avenue subway over
in Brooklyn. We need subways here. That
Fourth avenue proposition will pay ItU
cost $40 600 600 TO run it to Coney Island
The Interborough VIII spend $j0OO0O0O 10
build subways in New York. They want to
build the subway north from 42d street on the
East Side and south from 42d street on the West
Side They'll build the subways with their
money and the city'u get them afterward
"Vote for subways in Manhattan and TIL vote
for the Fourth avenue subway. l want subways
in BROOKLYN as well as any one"
The meeting was a stormy one. = usual. and
finally broke up without any agreement having
been arrived at. After the meeting Controller
Metz gave out q long statement in regard to
subways He said among a great many other
things.
The amount OF the contracts fer the first six sec
tions or the Fourth avenue subway. now before the
Board of Estimate is eco, and real estate to
cost at various estimates, from S200l000 81 0On
unrId have 10 be acquired for the second section
along Flatbush avenue extension. Fulton street and
the streets that vicinity through which the route
The extensions from 4sd street and Fourth avenue
to Fort Hamilton and to Coney Island will be at
least sS0e000 more, assuming that the estimate for
the entire route, fixed by the old Public Service
Commission regardless OF real estate sasementsl
Of 900. is materially exceeded. % This
must added the of the real estate
mentioned and easements. It is therefore safe
assume that the whole the completed subway for
the route alone Will be between s2s.oO0o00 and
$Sh 900 600.
The cost Of equipment and power houses suf-
fCient 10 operate the line from the New York end
of the Manhattan Bridge to the Brooklyn terminals
at Fort Hamilton and Consy Island will at least
SO he z0rfr