New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1910-04-25
SUBWAY CONTRACTS
Continued from tirst page.


have the work done by some one else at
his EXPENSE or may proceed upon the
bond and bring suit for specific per-
Torrance or for damages. The con-
struction of the railroad includes sta
lions side tracks, switches, cross-overs
and storage wards The contractor must
protect buildings along the route, as we'll
as elevated roads or other subways,
water mains and gas pipes. Real es-
tate necessary for stations, etc. will be
ACQUIRED by the city. but at the cost of
the contractor.
The chief engineer of the commission
will inspect the work throughout construc-
ton. AMI every three months. on or about
the first days of January. April. July and
October. he will determine the cost of the
work up to that date If either the con-
tractor or commission is dissatisfied with
such determination an objection must De
filed within twenty days. The engineer
shall reconsider his determination and
state his conclusions with his report on
the next quarter. II they are not salts
factory then. an arbitration may be ,ie-
manded within twenty days. Three
months after the delivery OF the contract
the commission and the contractor shall
each appoint a dislnterested civil en-
gineer. These two. within thirty days.
must agree upon a third. Ia the event
Of their failure to do so such engineer
shall be appointed by the executive com
mittee of the Chamber of Commerce. or.
If that committee fails to act, by the ex-
ecutive committee of the Bar AssociA-
tion. These three engineers will form
the board of arbitration.
To Finish Contracts in Four Years.
Work must be begun within sixty |
days after the execution Of the contract. !
and the work completed within <our
years. The contract contains provisions |
for the use of the streets during the |
work. All work in Manhattan and The |
Bronx. below 13sth street. and in Brook
lyn, with the exception of east of Bed
ford avenue will be tunnel or cut and |
cover work. while in the other portions
open trench work may be done.
Equipment must be begun when the
work is half completed Cars must be
of steel. and the service when the tubes
are completed must be sufficient for up-
Grating ten-car trains at a speed of
twenty-five miles an hour for express
trains and fifteen miles an hour for local
trains. including stops in both cases.
The contractor will have the use of the
tracks on municipality maintained rail-
e. rF-t.
have to pay 10 the Controller "A sum
equal to the interest and sinking fund |
on the bonds issued for the Fourth ave-
nue. subway and the cost of the munich |
pally maintained road In Manhattan. and |
is relieved from maintaining deprecia- |
ton fund for the first three years but |
must keep such a fund thereafter: must |
pay such percentage of construction as
may be necessary for amortization each |
quarter; must provide a fund for the
discount on stocks and bonds: must set
aside / per cent for contingent reserve
until such fund equals per cent of the
cost Of construction and equipment. and
must set aside sums necessary for the
payment Of interest and dividends and
divide the balance equally with the city.
Five Cent Fare Provided.
A fat rate of five cents fare is pro-
vided for all the system. unless an
other rate is fixed later by the commits
sion. No part of the road or stations
may be used for advertisements. and
only such things as newspapers and Pc
riodicals will be allowed 10 be sold at
the stations. Trackage rights for other
companies are also reserved on such sec
tions of the system as are not used to
their full capacity by the contractor.
In his dissenting opinion Commissioner
Bassett points out that the contract i'm
poses on the contractor a long haul in
the Bronx and South Brooklyn lines. On
the basis that five and q half miles Is
the longest haul that pays a company To
operate. he argues that the establish
ment of such conditions as a five cent
fare makes the proposed contract unat-
tractive. Besides. he argues that the two
branches i'm The Bronx and the two IN
South Brooklyn should be built by the
assessment plan, and as that would m
volve further hearings, these sections
should not be included in the proposed
contract