New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1911-05-11
THINK B. R. 7. WILL WIN
marlborough Has Final Subway
Conference with City.
SH0NTS NOT IN GOOD 4UM0R
i Don't Give a |" He Tells
Reporters if, He Said, They
Did Not Wish To Be Fair.

Dio ANOI WISH 10 be dlI.
Following a final conference between the
city's representatives and those Of the In
terborough Rapid Transit Company yes
terday afternoon. at which the latest offer
Of that company for the extension of rapid
transit lines was gone into in detail, the In
dications last night were that the report Of
the conference committee to the Board of
Estimate would favor the acceptance Of
the offer of the Brooklyn Rapid Transit
Company.
The members OF the Public Service COM
mission and Of the conference committee
will meet to-day. tomorrow and Monday
TO go over in detail and compare the two
offers, and at the end of the joint confer
ence on Monday the conference committee
will get together for the preparation OF lis
report to the Board Of Estimate. IL Is
thought that its report will not he ready
until the end Of next week.
President Williams of the Brooklyn Rapid
Transit Company and Walter g. Oakman,
Nicholas r. Brady and J. Horace Harding
Of the board of directors. conferred with
the city's representatives Yesterday morn
ing in the rooms of the Public Service
Commission I'm an effort to straighten out
the crly point OF difference remaining
That point is how the value Of the elevated
lines that would 90 into the proposed
through lines should be estimated, whether
the earnings Of the lines for the year just
previous 10 their absorption in the larger
scheme or the average earnings for three
or five years should be taken. The question
was not settled. but was left open until
another meeting tomorrow morning.
At O'Clock yesterday afternoon the In
terborough officials went irto conference
with the citv's representatives.. President
Shonts. August Belmont and Andrew
Freedman filed in solemnly. and were even
more solemn when they fled out two hours
later
Interborouuh Makes Concession.
II was learned that the company had
made just one concession. that was that
there should he an equal division Of the
expense of building subways between the
company and the city. According TO the
offer. it was stated that the city should put
up definite sum for subway building and
that the company should put up a Ike sum.
Under such A plan. if tho subways cost
less than estimated, the company would he
the gamer 10 the extent of the entire saw
ing Yesterday the company agreed that
if there was any saving it should be shared
equally.
II was in anything but good humor
that President Shonts talked 10 the news
paper men after the conference. Reference
was made TO the offer Of his company 10
go into a sort Of profit sharing scheme
with the city along the lines suggested in
the Brooklyn Rapid Transit offer.
Yes. we are willing 70 30 anything that
the Brooklyn Rapid Transit would do along
that line" said President Shonts.
You mean. then" one Of the newspaper
men said. that you would be willing 10
share any profit or the present subway.
say after deducting the Present net earn
ings Of lG2 per cent on that line. in add
ton to whatever increase there might be
mp to the time tho joint operation Of the
subway with the extensions might he he
gum
Il never said anything about f7o per
cent replied Mr.. shonts augrily. You
can 90 on using that figure If YOU want
70. but the road Is not earning any such
amount Its earnings are only about per
cent
You mean including tho city's invest.
meut IN tho subway was asked
- mean the money invested in The road.
was The reply the only proper way to
calculate earniugs'
Query That Brings Hot Reply.
II Was suggested that figures in posses
sion Of the Public Service Commission
showed that tho net earnings Of the com
pauy on its money invested IN subwaya
was over r. per cent.
President Shonts repeated that the cor
rect figures showed only about per cent.
and mo added, raising his voice. If YOU
oont want 10 bo fair YOU can 20 ahead
and shoot ! don't give q
I'm statement on the PETERBOROUGH offer
as compared TO theirs President Williams
Of the Brooklyn Rapid Transit Company
said yesterday:
The whole presentation is So fun of
conpleMty and uncertainty that one can
not escape the conclusion that its main
object was 10 inject so much confusion
itt' TIC 'it''dAi'l o. ~ postpone lltffntfpIN
q decision by the city authorities
Evidently the principal purpose Of the
proposal was 10 tempt the public by mag
nityng the amount Of money 10 he ex-
pended by the company and 10 minimize
the amount 10 be expended by the city. I'm
this respect the offer is entirely fslacious
If adopted it would mean. including tho
twenty -four miles Of existing subway lines
operated by the marlborough. rapid
transit system of about scventy-nine miles
I'm other words. for the expenditure of
49, 10000 of its own capital the city would
act for the public a transportation system.
including that already built. of seventy
nine miles whereas under tho BROOKLYN
Rapid Transit Company offer for an cN-
r'nditurc of S7Soooooo the city would get
comprehensive rapid transit system Of an
proXimdtely ninety-eight miles
HURRY FOR CATSKIJJ. WAITED