The sun. [volume] (New York [N.Y.]) 1833-1916, 1910-11-19
On Condition That Broadway
and Brooklyn Extensions
Shall Be Added.
TO JOIN THE HUDSON TUBES
City Would Pay $100,000,000
for Building and the Company
$50,000,000 for Equipment


Hudson and Manhattan Railroad Com
pany. builder OF the Hudson tubes. pro-
posed 10 the Public Service Commission
yesterday that hiss company be allowed
to operate the new ,riborough subway
line II his proposal is accepted 1t may
remove a great part Of the worry which
has been IA IN. minds of Mayor Gaynor
and Borough President McAn.ny OF
Manhattan in their consideration OF the
subway plan
Mr. Gaynor and Mr. McAneny have
refrained 80 far from committing them
selves Ia th- building of an independent
s,ibwav because Of the possibility when
" was completed That the city might DO
which would mean that the city wo uld
have tn do the Job Itself
Mr. Nc Adoo's plan provides that the
city build tn" Broadway Lexington avenue
route a. planned from River avenue in
The Bronx 20 IN" Battery. but a. a condi-
ton Of con>entng Ia contract at an esti-
mated cost Of So. COZ 90 for the equipment
an operation of The road II was laid down
IN Mr. Nc Adoo's letter that the city should
also add to he route a line running under
Broadway srom the Tenth street station
of the Broadway Lexington avenue line
Ia Thlrty-third street to "A junction with
the present McAdoo system.
Mr. McAdoo also demands that a branch
~
Lexington avenue main line between
Liberty and Rector streets under Trinity
ChurChyard and thence under Wall street,
IN. Fast River. Montague street. Borough
Hall Park and Wlloughby stree, 70 the
Flatbusn avenue extension. there connect.
ing with IN. new Fourth avenue subway
now under constr uCtIon and thence con-
tlnuing under Fulton street 10 the Lafay-
cite avenue extension whic n has been
planned by the commission.
Part Of the McAdpo proposition il that
his company with Its own money will
extend It's present system to the Grand
Central station and maze physical
connection AZ Fouy-Second street with
the BroaiwavL"Singtp m avenue line.
-, tha, tho McAdoo lines can operate n
an integral par Of the general system.
You will observe Mr. McAdoo wrote.
that tn. only new subway which the
city will have to build. and not included
In plans already adopted. Is that portion
under Broadway between Thir' y-third
and Tenth IT reefs and the connecting
tracks az Fnrry-s"cond street and Leg
ing on ayenu" New YORK. and that por-
tion between Church street Manhattan.
and n. int ersectiun II WillouGhby street
and Flat bush av-nu" ext tension. Brooklyn.
The ;hcr link IN the system il our Grand
Central extension from Greeley Square
rn Lexington avenue and Forty-second
street This We propose TO construct
with oar own money.
Til. CARRYING o,Ii Of this plan will
max. At unnecessary TO construct i'm
rn-,iia;rly the lanai street subway and
the broadway subway in Brooklyn
This will sav. AN expenditure. Of APP
pruSitnaiel S2l. OJO.Oo0. which can be
applied IS the new Wall street. Fast River
and I.afayett. avenue route. which will
cost about s25.OoO 900. and b. trans
portal ION lin" at far greater utility and
benefit than IN. Canal stree, subway and
th. broadway. Brooklyn. subway. which
posi- pon,i for the present.
We eat irnat. hat This system Of subways
will ,os, IN. city for construction. in
Guiding an arbitrary sum for real estate.
aasam.nt-. &c. hut excluding tracks.
signals and other equipment. DC, about
500 OoO. 900 We estimate that IL will
cost for tracks. signals. power houses.
Cables. rolling stock. electrical equip
IL. Sra
tension about S.. .ODb q
lfthe city vii a gree To IN AXE the chan yea
in the construction plans suggested by
Mr. NcAdoo his company will agree 20
spend not only s5D.on).OD) hut a. much
more as may he needed for the adequate
equipment OF the road Mr. McAdoo
makes IL a condition that the operating
contract snail he awarded % his company.
hut he consents that the term Of years
shall be- agreed upon between rho COM
pany and the city He stipulatss that the
net earnings Of the road shall be applied
a. follows:
First To the pavrnen, os interest and
tsNp. on said sip 0uO no. or whI'"Ner sum
I. r.uriired for the construction of the Grand
central extension and for III" equipment
Of -uid system. the money therefor To he
provided by this company and expended
,tnder tho supery sion Of the Public Service
Commission.
S.cond To the payment ~ interest OF,
,he money expended by the city for the
,unstru' ti0u of said system.
Thi-d should the net eIrninss bs in
-urioisnt &" pay -aid interest and taxes
~ fun -pc-'iAl scrount shall be Kept OF
Ioh dehc ."ncy. and all surplus earnings
thereafter shall he applied 20 the li1uida-
tion 81 said account until the same shall
b. paid VA fun
Fourth Thereafter all surplus earnings
remaining after tuEl payment of AGED
charges NJ every KIND shall p" divided
equally between the city and this COM
pany
FiNh An amortization fund NJ per cent.
uer annun, -hau he Established and com
IL