The evening world., 1910-12-10

Under the Interboroush proposition the
city guarantees to settle annually any
oefcit arising from the Interborough's
operation OF the Fourth avenue subway
and extensions. The language of the
proposition IS: III the income shall be
insufficient TO meet the charges the
deficit shall be paid annually by the
city"
GOAT Branch" Is the Joker.
The Joker" In the Interborough prop
osition Is making a goat OF the Fourth
avenue subway with its extensions.
With the city bound for a ten-year
period TO stand all losses on the
branch the city stands practically no
chance OF realizing one dollar OF net
revenue from the new subways. The
gain on the new extensions will not. In
the opinion OF experts. make up the
deficit from the Fourth avenue and
coney Island branch"
An Illustration OF the effect OF such a
Joker is the way the Brooklyn Rapid
Transit Company gets tho use of the
East River bridges without actual pay
ment OF any rental TO the city. All OF
the rent paid for the bridges Is later
~tdeducted from the franchise tax pald
by the railroad company.
Assuming that the city's losses on the
branch" equal the city's profits on
the main line." the marlborough will
get Its thirty-hve miles OF subway and
!" extensions on the precise terms
that It got hold OF the present subway
the Interest charges on tho credit sup
piled by the city. and / per cent. a year
for a sinking fund. or. as Mayor Gay.
nor once put It. "for nothing"
Here's the Plan Of Division.
Here Is the scheme of division OF
fares on the main line under the In
terborough proposition:
Nickel fares are to be divided on the
entire system. except the Fourth ave-
nue. subway and extensions. either from
a count of the tickets sold at stations
or OF tickets deposited in boxes.
The city's share OF each nickel fare
will be obtained In this way:
Present subway and IL" roads
Oength of road. 63.3l miles)-Nothlns
for the city; entire net earnings go to
PETERBOROUGH.
Extensions to subway in Manhattan.
Bronx and Brooklyn dength of road.
25.s miles)-Net earnings for Ave years
to city. then one-half OF net earnings
to city.
Extensions TO Il" In Bronx uength
OF road. e.5 miles)-rwo per cent. OF
gross earnings TO city.
mt there 10 nothing in the INTER-
borough proposition to prevent
hat corporation from lsssening
The income to the city under the
hve-ysar clause. The oHsr says
this nvs-ysar period shall begin
"from the time OF beginning opera
lions on any portion OF the new
subway"
All that the ~IntsrboroNRh need DO
10 to rush q small section to COM
plstiou, ana thus grab half OF the
net earnings all over the "main
Inc" long before the city has had
them for Ave years.
Where the "Goat" Comes In.
Here are the features OF the goat
branch-the Fourth avenue subway
and Coney Island extension.
Nickel fares are 10 De divided on the
Fourth avenue subway and its extern
sions 10 Fort Hamilton and coney
Island. from a count o. the tickets de
posted at the various stations.
Length of road, 1873 miles.
What tho city guarantees:
!. To annually ia over to the Inter
borough any detcit which the Inter
borough may charge up against thu
branch
O.. To give a free ride ovsr the branoi
to AL passengers delivered by the In
tsrborough, the nickel originally pax
to be counted solely in the receipts o.
the main lns," no part Of it goinl
to tho credit OF the branch"
D.. To be the sole financial hacker Of thu
branch" standing all the losses, bu
n there should be any net pronts
dividing them equally with tho Inter
borough after the aggregate Gelci
10 made good.
What tho Interborough guarantees:
l.. TO let the ~"bsanch" DO cree tied witt
the cash represented by tickets DC
posted at the various stations OF til
brai oh.
a..To equip and operate the "branoh,
KEEP ALL THE BOOKS AMI
COUNT THE TICKETS, charging
operating and all other expenses I
the branch as q separate account.
summarized, the lhterDorouSh oHer
the city . per cent. OF the gross earning
upon 9.5 miles OF lean road extension
90 the IL" lines. all OF the net earning
for the first n, years. al one-half o
the net earnings thereafter upon pa
miles of lean road extensions TO tn
preser. subway, and n partnership witt
the ci2y whereby the city assumes a
the risk upon 1873 miles OF road IN IN
Fourth avenue subway a..d It's branches
For itself the PETERBOROUGH VIII con