New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1910-12-06

lock avenue and westchester avenue TO
Pelham Bay Park.
A two-track elevated extension from the
way at about I79th street. over private
property to a point between Bronx Park
chester E. Boston Railway Co: thence
north over private property and pubic
streets TO Rear Swamp Road and White
Plains Road: thence over White Plains
Road to a connection win, the proposed
extension of the Third Avenue line OF the
Manhattan Elevated Railroad at a point
Forth of the intersection of White Plans
Road and Gun Hill Road
In considering the earnings OF the pro-
posed extensions the possibility of the
return from operation not being sufficient
to pay the interest on the bonds issued
for construction and equipment IS taken
UP. If this should at any time be the
case, the city's share OF future earnings.
when the road might be a paying propo-
siiion. is released from the obligation
of the Interborough's accumulated inter
est charges. while the. PETERBOROUGH s
share Of the earnings is impounded to
pay the city's interest.
A sinking fund for the redemption Of
the city's bonds Is to be deducted from
the gross revenue at the rate of I per
cent a year
Work to Begin in All Sections
The offer provides that construction
work shall be begun in each borough and
all sections of the extensions at once.
Each part of the road as completed Is to
be opened for operation.
Chairman WILCOX Of the Public Ser
vice Commission said that the exteh-
sions proposed were in the main on
routes already laid out by the COM
mission, and that the rights of way and
easements had already been secured in
most cases, so that It was not likely
that the city would be at any very great
further expense on this account
This marlborough proposition though
belated.'' he continued has several at
tractiye features not contained in any
. offer heretofore made. I refer particu-
larly to the offer to furnish S75 00O, 900
o. the S12S. 600 600 for new construction,
! to the willingness to reduce the length
of lease of the present contracts, to the
additional extensions that the company
is now willing to build, and finally to the
agreement TO operate additional future
extensions
The marlborough company was fully
aware months ago that no proposition
would be considered which did not carry
with it the obligations to operate all e1-
tensions OF the system which the city
might wish to build. and further. that
| iR building these logical extensions the
company must furnish a substantial
part of the money for construction.
The company is now willing to con-
tribute altogether about S114,O00,000 of
| its own money toward the development
of transit In this city, and IT is shame
that these propositions should not have
come in due course months ago, instead
| of waiting until this late day. when the
| situation is such that has practically
| forced the company into readiness TO
act
! 81 notice with much qualification that
| the marlborough has acceded to the de-
nand which the commission made that
| it oblfgate itself to operate extensions
hereafter built. It will be perfectly
| possible under this proposition to COM
| nles1ce at once building the rest of the
Lexington avenue line from AID street
downtown TO Canal street, and to con-
! meet with the Fourth avenue subway, or
with any other point which might seem
desirable. -...---
Cannot Hold Up Extensions.
1T would be entirely possible to build
, the Broadway Section of the Broadway
lafayette loop. which is left out of this
| proposition, and to compel the company
to operate the same through the loop as
! a part of it's system. The ability of the
company, therefore, to prevent proper
! extensions Of rapid transit in this city
as a part of the main system would be
removed, and this difficulty has really
been the worst one to deal with in the
whole transit situation
| President Shonts said after the Inter-
| borough plan was sent to the Public Ser
vice Commission that it would more than
double the present subway mileage. and
taken in connection with the elevated i'm
provements would more than double the
carrying capacity of all the Interborough
Rapid Transit Companys lines
The SOD, 600. 600 that the city contrib
utes," he continued, represents the
amount Of the present subway bonds re-
leased from the debt limit In other
words. it is the use over again of the
| city's credit to the extent of 53,000.Oo0.
! 1.-The proposition means that the city
Will have all of its future available capt.
| tai free to be used for additional sub
ways or for other purposes
! President William g. McAdoo OF the
| Hudson & Manhattan Railroad Company
said that he did not want to make any
comment on the marlborough offer until
he had had time TO study it thoroughly.