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

i Is. In or opinion. unlikely that there
VIII ms anv deficiency of earnings from
1ais system when completed and in full
operation 10 meet the enthN interest clai se
and taxes on +hR money provided for its
equipment ami construction, bot we assume
5ne possibility OF suHh contingency IN con
siierins 8 lust and reasonable basis Tor an
rInderta kinI. af such magnitude. Il seems
"a Us certain that If any deficiency does
occur II vii be for the FIRST year only after
fan operation q ire system We have ar
rived al THIS conclusion not only from a
careful consideration Of The local trsff7c
possibilities q the system ltsslf- but also
Of the large amount OF tra ffFc which We can
deliver - il through our Hudson tunnels
/ Is possible that an arrangement can
h voTke5 oT5t whereby We can undertake
10 operate rhs Fourth avenue subway, now
under CONSTRUCTION. N Brooklyn. bur We
zre not. q rHe moment, prepared TO speak
definitely. 7 uSV say generally that We
Srs wiling 70 operate such extensions re
this system ss may, from time % time,
ne built on plans that are satisfactory 80
rs ard on terms mat may he agreed upon
This system vii. III our opinion; Se,5 Isl
~ : greater measure than any other tn3I
cer he proposed the transportation needs
sra demands of Greater New York. i
takes care of both the Last and west Side
-rae7c over he shortest possible route and
provides transportation 70 and through the
e districts where TIC people want 20 go
This system also provides for contln-
7rous train increment from The Bronx
-if~ousr The greatest business centres OF
sih2ie 5-eent fare. and also provides close
connections with flle Hudson tunnels
:. vjG assure that HEALTHY congestion in
local 5IailST o-tatIor through which alone
tho people can secure in quality and quaE2-
t. and character Ct service what their
reeG- ana comfort IuaperatIvely demand i
vii also provide q subway system superior
e. design equipment ana capacity 70 any
-hins heretofore built. This systern win
SIC rf---<ze miles Of track operated in con-
Trec-icn with he Hudson tunnels, with their
eighteen miles Of track. making in al eev-
s-rv-r1ree miles. viii rrove the most per
f-ct transportation facility get devised for
Greater New ! GTh
The Penusyfvaris station Is located only
one block aNey from the West Side liae OF
This system. al Broad way and SO street
: moving platform viii provide an excel
lent connection With the PENNSYLVANIA sta
1iop A. the same time these plans do not
sr.eTfere with the construction Of The pro-
posed Seventh avenue subway, nor 90 Ne
desire 10 interfere with It's construction.
In view Of the large financial unjertak X ng
t,7.t this plan 81 Is Obvious that we cannot
allow the proposition 10 remain open i'm
definitely and that prompt action Is essen
fia1
S,Irl Of 81 fo0oGo for Ihe faithful perform
.4Dcr Of any contract that may be entered
into between the city and this company
Nr NcAdoo had nothing to say when
nc left the Office of Commissioner Will
cox. but his smile seemed 10 indicate
great satisfaction The chairman of the
Public Service Commission appeared
equally pleased, and though he made NJ
comment on the details Of the proposal
h EXPRESSED himself as highly gratifieC
1llat II had been made
y have not yet had time to study thu