New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1911-07-18

M'ANENY IN FAVOR OF IT
J. P. Morgan, Jr., and Mr.. Shonts
Make Valiant Effort to Win
Mr.. Mitchel-May Be
Agreement To- day.

conference OF tne Board OF Estimate
Yesterday afternoon. members entitled
10 cast nine out OF tho sixteen votes
declared themselves against the PROPOSE
ton to give tho Interborough Rapid
Transit Company the Q per cent guar
anteo that il demands as the price Of
coming in ard taking the part in future
transit development assigned 10 IT in the
McAneny- Wilcox report.
The lineup was somewhat Of sur
prise 70 those who have followed the
entire controversy. 1t was as follows:
Against the guarantoe-Msyor Gaynor
Ohree votes). President Mitchell Of the
Board Of Aldermen (three votes) Bor-
ough President steers Of BROOKLYN 1.-TWO
votes) and Borough President Gresser Of
Queens Zone vote.
For the guarantee Controller Prem
McAneny Of Manhattan (two votes).
Borough President Miller Of The Bronx
lone vote) and Borough President Crom-
well Of Richmond Zone vote).
Every FllpIl was bf'iiS maui IH'0' 'liei
TO swing President Mitchell into line for
the Interborough. At a late hour he did
not want to predict what his final deci-
sion would be. but the indications We're
that he would stand pat on his dec
laration that the demands of the Inter
borough were exorbitant and should not
be granted.
At the special meeting Of the Board
in the morning President Mitchell said
he saw no chance of getting together
with the InterboroUgh, and served notice
that at another meeting to he held this
morning he would move to approve the
triborough contracts and go ahead with
the digging, which would be equivalent
TO foreclosng the proposition against the
Interborough.
President Mitchell agrees with the
other members of the board and with
the Public Service Commission that it Is
TO the interests Of the city at large
TO have the Interborough take It's part
in the admirable transit scheme worked
out in the McAneny Wilcox report, and
il is not unlikely that should the Inter
borough agree to yield in any material
particular it would overcome his opposi-
ton.
Members Of the Board Of Estimate
spent about the entire day on the sub
way problem. None Of them cared 10
predict last night whether the question
would be finally settled to-day. IL Is
not at all unlikely that It will go over
for still another day, but there Is pos
sihiIjtv that there will he a sudden
change this morning which will bring
the struggle TO an end.
Prenderosst for Guarantee.
7, was Controller Prendergast who Of
fered tie motion at the conference OF
tho hoard that approval should be given
to the per cent guarantee Tor the IN
terborough on the Sf2j,Oo0WO 1t would
have invested in case it comes into the
general transit scheme.
Il was pointed out that While THIS
guarantee would probably not leaVe
much If anything, to pay the citys IN
,o.eet and sinking fund for the nrst
wear OF the operation OF the contract
,b.t at the end of fourteen years the
c;fv should be getting return OF aoouI
or ,,ar cent on its approximately soo'-
ooo nno Investment. Carrying the figures
...,o, furthcr. it was calculated that at
tho end Of twenty-eiSht years thc city
,,ebt to be getting a return OF ~ PEI
,.bich would go toward making up
-. aoocits of the previous years. Inc
a., ,,.o,,ld have TO be met from year
- veer by putting them into the puos''
,.ro,.ided for by the annual tax IeNy'
The profits that the city oush' |" 10
a,,o n count upon were caIcuia'eu VII
hosis Of : per cent increase in inc
-'.,e,s of the subway system each year
-, ,,,as considerable discussion oil
Controller Prendergast's resolution boi
ouch President McAneny joined MS Al
ounonts with those of the 'oh''oi'er'
T,,,o,, tho vote was taken there was not
..,,,cb surprise that Mayor Gaynor shoulu
80 against the proposition, although ne
has consistently Deen for the INTERIOR
orob because Of the position taken pF
hin, in his statement of Friday. II "dS
a,,r,;risinp however. that President Nc
,,ar,. voted for the proposition, az 1t
,,.,,s understood he had been standing
go, against the terms OF the Inter
borough.
Speaks for lnterborough.
In offering and supporting the plan
,,ortroIIer Prendergast broke away
,.t,arrt,. from President Mitchell, with
whom he had up to that time stood III
opposing the demands Of the INTERIOR
ouch. He explained that he believed the
host interests OF the entire city demand
od that the Interborough take its part
of the allotments He did not believe
that the Brooklyn Rapid Transit Com
,..nv couid give such adequate service
ON The Bronx lines as could the Inter
borough.
Also. ne understood that friends OF tho
marlborough were prepared to bring
number Of suits that would tie mp the
cu,ire subway situation indefinitely In
case the Brooklyn Rapid Transit should
e,., all the lines. Having looked at all
sides Of the question at great length. he
was satisfied that It would be best to
come 10 terms with the lnterborough.
Il do not wish to unduly press this
matter" said President Mitchell at the
oucn meeting Of the Board Of Estimate
in the morning Il think. however. we
have waited long enough. | can see no
reasonable prospect Of arriving at
basil. of settlement II nothing comes of
our conference this afternoon | shall