New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1910-11-19

- o,,r letter of September l., 1910. the fol-
lowing proposition ....s ,o
a. That the city proceed foTthN l,,,,' us
-o-s+r1,Tf f1+e fsroa6war-LeSingIon avenue
aine As tlamred. extending nom tAiNSr 30"
me. in The Bronx. 10 the Battery: low
fsi That the COMMISSION hniile4 Sl;.,nns 10
nur the following routes as adoluohS -
end extensions or INC Sald isroauWaH
5rgton avenue line: ..,,,,, Of
Eroszvay ard $50 street. Borough OF .a .n
tsf.sr .theze connecting with tliS 49,
&.on which this oef2eaf. u - - ne Grand
Central StatienA and continuing sout ,iare
iy siorr Broadway 10 10Th street sr-,c,Ss Of
connecting with two of the locai - 4. go
ne Broad Tsay-I,sxingto avenue line
Wishes Another East River Tube
q, Beginning at point on tne r p,Ur
way Lexington avenue Inc 1n Strsets
.+rasf herrefs, Liberty and Rector sue sts s
and rhe-cs under the Trinity Cl1uaSTIh tsss+
- - = 81 g. Faet Riyer. Montague street, Bor-
ough Hall Park NiliouShol 81 ec oonnecting
bs,Sb avenI,e extension. there coiiieSllil5
- - rev Fourtb avenue subway now
,,,,sef construction and usinG lhe - n
OF said subway. inciualng .he 1880 nm,
1rerIre station 10 Fulton street. thence ~
der pTIIlton street to Lafayette avenue al IA
under said avenue on the ptAh ..aesrr
adopted by the eor,lTnlssoii :" r. of
sion with Broadway IN me DVio"o"
81 TSat there be constructed under BToac-
vsx between SD and foth streets anc bt
.weer, Church street and the 1nterseCtoti ~
1afsx-e9fe avenue and Broadway. in the
Porougn of Brooklyn, a double track SUI
- IF me dimensions Of the Broadway
Lexington avenue line, with slatlohS d. 1C,, III
xenieAf points We VIII pnliu oct 80, =, O. 90 80
Central extension of sufficient dimensions 50
mat with 4 physical connection at 42d StTeels
and Lexington avenue il may be olst as
as an integral part OF the S4 stem Hei S'Ai
YaU win observe that the only new sub,
wav which the city viii have TO puilo aiiu
not included in plans already adopIeA 81 -
.4as portion under Broadway between ood
and I0th streets and the connecting L sS
al sd street and Lexington avenue, New
work ard tlTat portion between Church
street Manhattan, and the intersection oi
Winoughby street and FiatbuSh avenue - ~
tension Brooklyn TIE remainder OF tne
lafayette avenue route. VIZ: from WIZ
1ouglibv street TO Broadway BROOKLYN, -
3ncllded in Vo1sr triAorougb plans anu soH
ton ,--,,z
TIE other link in the system is our Grand
Central extension. trom Greeley Stuate ~
Lexington avenue and I'D street ms We
propose to construct With our own nloi,tE-,.
Tho carry ing GU; q: this plan Till MAKE =, -
Canal street subway end the broan"eS
subway In Brooklyn. This VII 6 sane me- an an N
lVnd5turc OF approximately 81 DoVV', vi ,-t =
can 10 applied to the new WAN street. E-a1S
diver and Lafayette avenue route, VII"
r7orfaTion ii74e. Of FAR greater utility an9
rensfjf than the Canal street SOp"aE sHti ).
tho r. ostTv.sIN. Brooklyn subway. wficn II
seems to Us can with advantage be posi-
JDoued for the present ,
we estimate that this system Of subNays
ffa9Si,72 into consideration the bids already
r7af.,ei,-4l lY1 z-os5 for the Eroadway-L eXIn5-
Ts-,noJy1z-,,. s-~rIon, will cost the city for
s,n1,~rr;;ctio17. Including an arbitrary sum
FOR real estate easements. etc, hut eScIuu-
iug tracks. signals and other equipment
etc. about aC90oo.'sn-
VIII Need s5o.o0o,o5o More.
We estimate that it VIII cost for tracks
signals power houses, cables. rolling stock;
q ic,si
Central extension about $9tpol9w
II the city wiz build the system herein
proposed viii agree TO operate our
Grand Central extension a. an integral pa !
OF tie same and agree to furnish the said
required for tho purposes aforesaid, and to
operate said system under lease for a
period of years 10 De agreed upon on SUD
SfantiaIly the following terms:
/ The net earnings resulting from the
'opeTatIon Of said system shall be applied
taxes on said Ss6o6o.080 or whatever sum
IS required for the construction Of the
Grand Central extension and for the equip
rrienF of said system as aforesaid the
money therefor to be provided by this com
pabv and expended under the supervision
OF the Public Service Commission
Seoaad-To the payment Of Interest on
the money expended by the city for the
'ce.nstrqction Of said system: -. ..-,,e=
rient 10 pay said interest and taxes IN full,
special account shall be kept OF SUCH
deficiency and all surplus earnings there
safter SHAH be applied to the llqridation OF
said account until the same si}all be paid
sn full
Fourth-Thereafter ali surplus earnings
remaining after fun payment Of fzsed
charges OF every kind shall re divided
equally between the city and this company
Fifth-An amortization fund Of l per cent
q year shall be established. and cona9ence
n ut some time after the beginning OF opera
III lion OF any part of said system 20 b.
III agreed upon
y Sixth-A uniform 5-cent fare shall be
charged over said system. but not to in
dude carriage over our present Hudson
River tunnel system. for which "A separate
fare viii cortinue TO he charged.
These are the fundamentals Of our propo-
FitiOn. We do not attempt TO 90 into de-
1sils-These can nc arrived AZ by conference
puf