New-York tribune., 1910-12-22

would have to put it ur under the statute
fer bids for an operator. ard who w1u
guarantee that that good company. i u
chances are at least FIVE to one thar tlle
present subway company would be the sue
eeeeful bidder. u would not BID II lts ssm
name however, but IN the name OF announcer
company orgarizsd by It for that purpose
Ceuld Alliance be Prevented
Granted that a good company could be
formed. the Mayer eaked how long
would It be before 1t would be Ia ALI
epce with the bad company operating
the other system? He said he did not
eee how the Public Service Commission
could control several companies better
than one
their eisfculr,es would be multiplied by the
nur,ber of operating companies Ana when
Nth Vii s'e The ownenship i q the roads BY the
city. II il Just as difiieult to understand
how the word monopoly has any place IN
thing as monopoly. according to the mean
owned and controlled suoways-
After outlining the offer Of the Inter
borough Mayor Gaynor passed to con-
etderation Of the finances OF the city.
He wrote of the prospective increase IN
assessed valuations next year, which
would give an increased borrowing
capacity Of Ssoooo.0oo. and added:
Strange to say. real estate spectators
-ho are SO loudly demanding subweys
ere now finding fault with this increase
81 assessed valuations
In the subsequent four or Eve years
TIE increase viii be only normal, In
crossing the borrowing capacity from,
shout S22. .OOo. 600 to S30.00O.OoO a year.
Ne said the money so raised would have
70 be devoted largely TO the needs OF the
city exclusive Of subways. and enun1er-
sted various amounts Of corporate stock
that would have TO be issued
In the face OF these facts how do you
suppose I feel when people write to me
am ,S gposeo 1x a1s as ann ance nno
r-iste'' the si5o,ooo0oo which they say is
necessary to build the so-called indepen-
dent route. Patience IS the possession Of
great souls, the saying is. but I suppose il
may have its just limits hk. every virtue.
In his statement issued last night
President McAneny said his position was
getting al the light possible. and held
that there wes nothing in his pledges
that would prevent him from consider
tns any number Of routes.
7 expect to vote for the solution that
In my Judgment viii give the city the
greatest measure ot relief" he said II
would be unfortunate, IN my opinion, II
as consideration Of the matter proceeds
the impression is held that the board as
whole is not in a position to deal with
II On its merits.
Nothing Really Settled
The Board Of Estimate has Just
reached the point where It can get down
to work. It would be a mistake. mean
while. for any one to assume that either
The action Of the Public Service Cornnlls-
sion on the marlborough proposal or the
withdrawal of Mr.. McAdoo has settled
anything eonclusirely.
'-Frenl.ly. have no present opinion as
20 what the choice Of alternatives VII
ne bur / am quite satisfied that falrIs
..r,-v 4, the new wear the city Will begin
10 build subways."
Borough President Cromwell OF klcn-
,,,or5 defined his attitude as being de-
cidedlv tn favor Of a competitive sys-
tern
Tan, in favor Of q competitive system
snd opposed TO monopoly as nlatter oi
f,rinciple.' he said, because / am COLI
WINGED that competition viii give 10 the
neorle the best service possible. As-the
T-ferhoroush offer stands now / am op-
-,ased +, IL and I will have to be shown
that nothing better can be done for the
CITY. But have not burned my bridges
refind me. as Messrs- Mitchell and fren-
dereas, have done, though some very
s-rons arguments will have to be made
~, convince me that the city cannot gel
ANYTHING better than the system EN-
f,rsced by the proposal Of the Interior
ough'
Miller Wants Details.
Borough President Miller of The Bronx
would not say whether he favored com
petition or monopoly.
L e,n for the best system the city car
get" he said Il have been studying
this problem for many months, and an
now anaiyzing the offer Of the Inter
borough. When the matter comes up be
fore the Board cf Estimate ! viii ask Il
have il sent back TO the Public Servic'
Commission for z report Of all the de
tailed arrangements that will have to b.
made a part OF the final contract. w
will then be able to judge the offer Will
open eyes
Borough President Steers Of Brooklyn
vas non -committal. He said that hi
attitude Oh the subway problem had no
changed. and that his mind was still