New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1911-06-14


, Queens through the heart Of Manhattan "a
| BROOKLYN and branching into South Brook
/ lvn Coney Island and Staten Island.
(e) The Bridge Loop lines, with their con
! trol of the Brooklyn elevated system. ana
10 The line from Union Square under the
East River and through the Eastern Dis
! trict TO the populous centres about East
/ New York and Ridgewood.
! With all Of these strategic links suo]ec'
n the control Of the city. either through
| the exercise OF the right OF recapture OF
! through the transfer Of leases from one
| operator 70 another. II is difficult 10 believe
/ that the city will he unable 10 maintain q
mastery OF the rapid transit situation OF
| the future
| The conferrees declared they had ne
| fear that the introduction NJ the Brook
Ivn Rapid Transit Company into Broad
ycav. Manhattan. would reduce the reve-
nue. Of the Interborough TO a point where
| n could not swing its own new lines
1 The figures presented by the conferrees
seemed 70 show that the traffic In the
next ten wears would increase not less
than 20 per cent. which would mean
that the traffic Of 1920 would give the
rand transit lines loo. 100000 add-
tional fve-cent fares annually In re-
gard 10 the financial propositions the
eport says:
In dealing with the financial considera
tions UNDERLYING the general plan proposed,
the conferrees have kept In mind not only
the probable traffic yield Of the future. but
the ability Of the city 10 carry its part In
tho furnishing Of funds for construction
Upon the basis Of figures furnished by
the officials Of the city the amount OF avail
able credit above the constitutional margin
l. i he Gera @ re
will be as follows
COST OF THE NEW LINES.
Margin m June 30 1911 general $1,000 600
Special credit Tor transit purposes on
June 90 1911. reserved under the re
cent constitutional amendment
emp,irs sslf-supporting Investments 6opoo 900
Ten per cent Of the additional assessed
valuation ~ the CITY becoming ~
factive July /. 1911 ....... ......... 5000 0fo
Ton per cent % the estimated Increase
Years following .................. 100 o0o 900
spn,ally through taxation. ........ 10000 90
Total ....... ......-.... ...-..... 1929 o"
Allowing deduction of s25ooOOo 10 take
care of uncollectibie taxes TO be balanced,
under recent statute, through IN. issue
~ bonds this would leave S2o0 10000 for all
purposes including subWays. We are ad-
vired also that. in addition 10 the $5O.e".oop
reserved specially for subway purposes
his ann, FOR use during the next five years
The estimates Of cost 81 the lines az pres
ent projected. prepared by the Public Ser
vice Commissions engineers SNOW that the
total cost Of the lines that would he con-
s,rufed by the city for operation by the
Brookiyp company would be So 00,J0l-in
addition 10 81 500 00 already contracted Tor
ar erent r.. tho city for lines under con
sfruction and SOS 40 Go n be expended by
Inc CCmnanv. total Of Sll26o,OO
TREY show that the lines to he constructed
for the marlborough company an al
iov,nce of 10000 b. included Tor me
poin,o,t tunnel would cost sl09.tOlOn. half
81 uhicb amount--Or @huH'-would ne
horne bv the city and nall 10y me COMPANY
The total amount Of money that the city
would he called upon 90 invest In the new
Iinas in addition 10 IT'S present SuDweN
investmente would be. therefore, <l5.Z"p' =
"a and II there he ADDED the allowances
proposed for the south bIuosl o - ~
s,o f01 000-and allowances for real stat,
IL citv,s share Of which Is estimated a.
ts 6o1 6f6 The outlay in view would be si5l'-
5000 .,r.,,. fo,,ros in adj
- pc ii,ei oocg,crerate of S2l .000D0 for new
n1,iUm, and the Brooklyn company
TIE total OUTLAY exclusive OF real estate
witch cannot be esumaten ue"iii'e'''
he 4 an lines are includeo.
''' construction Equipment Tctal. ,o
%, -. c,,v sio3 100000 - sieS2oo"o
~ the EEL in'" f4sooooO $2i.co.ooo cocoo
b. ,fe , nro.E 100000 100000 5000 ooo
SEA- 4vJ coJ
o.. -, rroposed however, that con
II u NJ. oa.i, Ealing FOR all Of this out
suuollonia ar could be commenced AZ once
,ag wouid IL be possible to enter INTO COZ,
tracts during the coming Sear ny a., oo coz
cali from the city Tor more ''''
II is said that comm'ssioner Maltole'
.,,,o occurring in the general findings
and recommendation Of the report re
mains If the opinion that the construe-