The sun. [volume] (New York [N.Y.]) 1833-1916, 1910-12-06

ths1cr under rrtN ~ gro ,'"r % - rs'-.
soIih..ru Ro"I">a-I go ~ ..l,s.. avenue
- Tso,n' ~ Or ats Sr~C~r'N -''"'h - Na-i-
chester avenue 'h"r,e. - 'hE-'" Ta''. "'.-
Nated raIrn.I ,,s- 'a.t.n,. A,"uus a.
s>fchr-isr l,"n. ... I'n.l., Up' Paws
\ Two tTacN ole, ..'... .,ror On 10 w IA
West YARNS i .-.'. 10 ..' lr"~st' -at,ucN :
al abou, i-nih -'r"..' r,Nr ~. Co.," u-np~-.r
- u pn.nt hst".'.'' j'ro,N ,'rr. N"A h-
lrnpar'Y NJ IN" -. N.rf. N"-'"i s.'-r ~
En>;on Rlil~s, 'ur.r.n. bone. rr-'',
over priva'" rtnr"r'. ..ri urh.~ -trN"t-
Ia Rear swamp rnpd r't.i v 10 T'tr- r0..I
thence over Nh''" l'r.r. D., "a 90 = -np-"c
ton with ,h" prouo-sd "N-cu-r7 - ~,
Third nN"n"" line - I." Nr"hH'INN ~
waited E'lr"Ii a. - pow '"rt" ~ ha
'niers'cu"n 81 MhI'a r1ulr> ro.,I M" ,iu'
Hill road
-rN'~" -;.7Vs
Tho ln'a-hNrou III. 'r,'..r la s-
that u h,lId 'h"So lir..s ."0rs. COST ~ Isl,
SIPS. nOn OGH az IT,. ~nri no c.gnpSn-
wonh No. willing Ia <rpgIv SIS r.NI.Hsn.
loav ing sSa nnn en- ~" >n<t =" - borne
oy IN" cliy IN" company than states
Tho iraEcisl terms ~ VII '-Ip-rt from
the ~it-
1 The net r-nf,s tro-- nrrr.t,..rs to ~
arrived at a. hrr-.nsft-, prov Dat. hall %
disposed ~ ~ !o.'nv-
la The civ {" 'S'-" a ne profits 'or tho
irst Ave years f-o'' 'Irr inc ~ VEG rr,ur
operations o. anv cSrt,on OF th-h"w S!oNlv
extension.
to- The not prof.. after Az. year- to Dc
equally divided n-'~sen ~ 'I'v and The
marlborough "orlDlr-
. The n.r prna:A ~h..l, ." d-,.rrntnvi
By dedncrinS from ne sross rev snus OF the
extensions cba-gas far the folio ing Items
u ths order named
la Maintenance ~ .auipn,enc iic'nd..x
An ALLOWANCE 'nr depreciation
10 Nainfsnaprr of vav and structure,
including an Allowance for depreciation
tei frame sIpsnse and cos, o, conducting
transportauop
ID Genarai and administration EXPENSE
tO TAxes. arv
~ The actual annual eharHe~ ~ w ,.oln-
pany for carrying 'hs cost Of equipment
and providns n partial sinking fund on
three-fourths o. per centum per annun
10 meet ob-oe>cenr~. and for earring thai
portion Of the cost OF construction not met
oy the funds contributed by tho ci,y and
providing sinking fund Of / Per centum
thereon.
,o' Interest on bonds issn-d bv the citv
10 dafray thu cost OF construction. plus
Der esrsun per annum - = sinking fund
q Ths grnsa operltirS revenue OF the new
extensions shall he ascertained from the
numhar NJ tickets sold NJ the stations along
the ne~ eNYsnslons. or II deemed advisable
by eithar the civ or The company from the
numbsr Of tickets deposited IN the choprinc
boxeA IN the new extensions. or bN SGSh
other neshod a. upon full consideration
nay be agreed upon be,n cen the parties
Z. II tina gross income IN am YEAR after
providing for th- charges above rnsnttoned
shall he insufficient To meet tb. inter.>, and
sinkinS fund upon the construction and
equipment bonds issued By III" Inter
company the deici, for such
Ill h.. 49, =
SomSany and shall no, be "u='S.t'v.
On rso against future earnings
.. X the gross income in any year after |
providing for AL charges above usnt ioned P
incluIiiax interest and sinking fund bonds
issusj by the Tnrerborouxh company 20
deffny the additional COS, Of construction
and equipment shall b.. itlslf'lc iant ~ ius-r
the interest and sinking fund upon the
citv's bonds the deficit sustained bv the
city for such period shall accumulate and he
a charge against tho future proH,S before
any division thereof shall h- effected he
tween the rry and he tr'e-horough 'oYn-
rany
9. The CITY vii retain the right. now pro
, ided FOR ny law. 70 'sk~ over rho ext crsions
az any time after fsn ,sars from the vim"
I hat any portion thereof NAV Ds pg' INFO
operation lpon pam: N IT,. Inter borough
oEnpany "A, the snoun, OF - iuvest.
m ent IN construction ovar and beyond mo
sss 600 .ooO supplied by the city pins .:
per centum. which sum ShAi decrease NJ
he term continues. so that IT the and ~
'he full term OF the Contract Ind or which
he said extensions NAV he built A. extras
10 amount viii ne REQUIRED 20 ne paid By
he city. and % Gee Zen reasonable vs!us
of the eauipusnt
To determine whether thsrn Is 4 profit
Dr. dsficit on tia operation Of tho Brooklyn
Fourth avenue limo tho company sng
gasts that tho Sross earnings IF Tho Fourth
avenue vision should bs made a sepAra'.
account bsrwesn rho city and The con.
paay. tho city U -nase 2c>i Ar dsc-'t
81 ~lperasion.
sHoSrs ~ ADvASrAnEs
In summing up Tho ndvantases OF
llso marlborough prooOs:t1Sn r'-S:hent
s.aoE6 wrote:
Citizens Of Brooklyn. Manhattan Queens
md The Bronr may CO transported Upon
hs enlarged subway system. which MAJ
3sSt es described a a four borough sys,enA
70 Any point. including n" shopping and
.hsarYe dis ricrs OF Manhattan Cor q single
I've oent L.re ~ siea- Vnisr any ";k.!
llan. 20 ob'A.n SIMILAR AivaataCc IN a..
most every case Au additional ta-- 80 i've
ents could DO Required
The extensions proposed can all he com.
,leted within a psrion OF nvc vea-s
The plan ~ The only one which limits the
'ity's contribution to slhvav constr ICtion
o the funds which he c,tv uov hs- Av'.i.
bile for sub wav purposes
Tha oity under the plan proposal would
AVE IN operation HARMONIOUS subway
,ys-em with through foir track line upon
he Ess' Side and n through four track line
Ipon The West side .! Manhattan wifE
Etsns ons 70 The Rrnny ana Brook
yn
IL comDst!rop ~1th the marlborough
,onpany b" the p-ir,r Consideration I, Is
Delieyed that by tho cors' rrictIoa oT tt@ pro.
Dosed extens,ons 'he city WI 0s in posi-.
on 70 establish m independent com peti.
i've limo At an ear er date than would other.
r,se be possible. nder recent provision.
4 law rho West sd" dovn'oan extension
md the East SIDE uptown "Nt-n-Ioa IA Man.
Iattan. Together with 'h" HrouN ami Brook
IN extensions. could p" taken oVe' after
en- years irom The i'm" when the lines ~
NY Part thereof wsr" put INTO OPERATION
81 the construction of -horr o~-'ovn
No between seventh avcnI. and I-sing.
on avenue ~ IN. vicinity II either Thirty.
ourth or Forty -seCond streets the .-Iiy
'oul0 IN ~ uoS~"-s upon 'h@ island NJ Man.
iat'an a SiIbNay sy-te q WhIch world be h"
raCe 10 -