New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1910-07-07
SHONTS OFFERS NEW
PLAN FOR SUbWAYS
East and West Side Extensions
Would DispIace Broadway
Lexington Route.
PUTS COST AT s7O,OOO,0OO
Mayor Gaynor and Service Board
Not Enthusiastic Over the In
terborough's Eleventh
Hour Proposition.

Theodore ?. Shonts, president Of the In
rerborough Rapid Transit Company. has
SEM 10 Chairman Wilcox of the Public
Service Commission proposition for sub
Wv extension involving the abandonment
OF the Broadway Lexington avenue route as
an independent subway line As the COM
mission had expected 70 advertise for bids
FOR the construction OF the latter route be-
fore the end Of the month. 1t is not thought
hat il viii look with any degree OF favor
&C the eleventh-hour proposition Of the In
terborough. which is anxious 10 prevent an
independent line.
Mayor Gaynor. chairman OF the rapid
transit committee Of the Board of Esti-
mate. also received a communication from
Mr. ShonIs stating the Tnterhorough's plan
Briefly the proposition is that the city
construct an extension 20 the present sub
way on the East side. from S=th to 18th
street. by way Of Lexington avenue, and
on the West Side from Times Square 10 the
Battery. by way Of Seventh avenue, and
through a tunnel 20 Pineapple street, in
Brooklyn. ana out Fulton street, Flatbush
avenue and the Eastern Parkway TO Nos
trsnd avenue.
The company proposes that, If the city
Will use it's credit in the building of these
extensions Il viii operate them and pay rhe
city all the ne: profits for the first five
years and half OF the net profits thereafter.
But IT figures Up long list Of charges 10
be deducted from the gross profits and pro-
vides that the city shall make good any
deficit IN these so-caEed operating ex-
Denses-
Some time ago the Interboroush made a
proposition for building an extension on
the East SIDE, TWO tracks in Lexington ave
il of
then TO provide the money for the construc-
ton but the Public Service Commission
turned the idea down on the ground that It
would block the construction OF an indie
pendent trunk line Up the East Side.
Details of Extensions.
Recently in the conferences that Mr..
Shonts has ha6 with The members of the
Pubic Service Commission it is understood
ne had offered 70 use Madison avenue for
the East Side extension Of the subway.
leaving Lexington avenue for the indie
pendent lire. But n his latest letter he de-
clsres il impossible 10 put through both
propositions The details Of the proposed
extensions are as follows:
West Side. lower Manhattan and Brook.
iyH extension-From Times Square through
seventh avenue as extended and West
Broadway 20 Liberty street as four
Track road. q no from Liberty street 10 the
Battery as two-track road. with a branch
connecting with this extension from the
Intersection Of West Broadway and Liberty
street under Liberty street and East
River 10 Piuespple street, in Brooklyn and
through Pineapple and Fulton streets 10
connection with the Brooklyn extension Of
and & further extension from the terminus
Of tbs Brooklyn extension of the existing
subway al Atlantic avenue through Flat
lush avenue and Eastern Parkway to
Ncslrsnd avenue as four-track road
Last Side, upper Manhattan and Bronx
eXtersion-Fron about 95th street through
Park avenue ami private property at or
bout 40rh street 10 Lexington avenue,
thence UP Lexington avenue across the
street as four-trsck road; thence divid-
. Ing. with 4 two-Tack connection TO the
Vest Farms branch Of The existing sub
WaE- and two tracks up Mott avenue.
through sd street and up River and
Jerome avenues 10 1eith street, with the
privilege IF making three tracks between
1921 street and Ieith street: The extension
through River and Jerome avenues 10 be
hVilr - IN elevated structure
~ Shents also suggests as matter FOR
1ciut consideration the construction Of an
elevated extension from Pelham avenue
ncrtherlv in Webster avenue 70 Gun Hill
Read, -easterly in Gun Hill Road to White
Plains Road. northerly in White Plains
Road TO EeckeT avenue. with the privilege
of building q third track upon this extern
sion from Pelham avenue to Becker ave
nue..
Nj Sllonts estimates that the t--c extern
SONS first mentioned would cost about So
osn.Cao and would be OF more value TO the
citizens than the proposed tri-borough
route, which Is estimated 70 ccst Sl25,-
eoo.e9a Free transfers are offered between
any part OF the InterhoToueh's subway sys-
ten for a cent fare
Terms of Proposition.
IN detan the terms on which the Inter
borough proposes 10 operate such extern
SONS are as follows.
l. The gross operating rerenue IF the new
extensions 10 b. asCerIained from the num-
her % ticKets sold 2 stations along the new
extensions. or, II deemed advisable by
either tho CITY Or TIE rnpalgv- from the
number OF tickets deposited il the chopplng
boEes on the new extensions. or by such
other methods as Upon full consideration
may he agreed upon between the parties.
. The net profits 81 the company &c he
eTrived at as hereinafter provided and 10
Be disposed OF a. follows.
fal The city TO take ali net profits for the
first Eve years from The time OF beginning
operations On any portion Of the new sub
way extensions.
Col The net profits after Eve years to be
squsly divided between the city and the
IDter5orouSh company
2 The net profits TO he determined by
making the following deductions from the
GROSS revenue in the order named:
IA Maintenance % equipment.
90 Maintenance Of way and structure
Go be ascertained upon the basis Of actual
cost pins reasonable allowance for depre-
ciatioul
Cc0 Cost Of conducting transportation. TO
be ascertained on 2 car mileage basisl
ldl General and administration expenses.
Likewise 10 be ascertained on a car mile
age bssis)
ieS Taxes, If anya
% The actual annual charges Of the CON-
psny for carrying the cost OF equipment
and providing = partial sinking fund of
rnree-f ourIhs OF ! per cent pr annum to
meet depreciation
ga Interest on bonds issued by the city
70 defrav cost OF construction, plus ! Per
cent r,er annum as a sinking fund.
rourth-Tf the gross revenue should at
any time he insufficient 70 meet the gross
expenses as provided for in Section above
ne annual deficit TO be made good by the
city.
Supplement-. steinway Plan.
The luterborough's latest proposition is
supplementary 30 the one OF June 90. which