New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1911-05-12

ITS elevated lines and give ~ lien % the
earnings Of sf5S 0O0 O00 Of CITY money 70
guarantee the earnings on SIS property and
obsOlescence on its plant II will he OBJ
served that the BROOKLYN Papid Transit
puts N less than s2l 900 e0o for construc-
ton against the citys contribution Of sl56.-
00C COO and what 1t does put II will be
used for building additions 70 It's own ele-
waited lines in Brooklyn and Queens and
placing third tracks on the BROOKLYN ele-
waited system.
SAYS Interbcrouah Offers Mare
Compare this with the 1nterborough offer
II furnishes for construction an estira ted
sum Of 500 600 600 against the city's contri-
button Of SIS 0o0 900 Therefore, 2 compart-
sen Of the two propositions shows that for
Transit for construction the city Is asked
- put in S While for each dollar put in
bv the Intsrborough the city Is asked 70
rut IN less than 20 cents
As 70 subway extensions Tbs ritv nor
has an incomplete subway system Of its
own IF the city We're operating these
lines to-day r. would not hesitate 70 com
plete the y 81 as ~ give two through
trunk lines upon rhs east ard west sides
OF Manhattan This 8 the most obvious
relief possible. and this among other
things, is exactly what We orfsr 70 a.
We orer 70 equip these lines az our own
cost and 70 divide the expense II con
struction with the city. and further
agree that Z the earnings Of the lines
when operated over much wider
sufficient 70 meet The interest on our IN
vestment. the deficit will - absorbed hv
the lnterboroUgh COMPANY itself
Have rhs people ever zropped - think
what The difference in thu investment of
public funds under these tvo offers r1ears-
Lnder the IrterborouEh offer the citvs
investment would he so 0oo oo0 leaving
credit, which NAV he devoted 70 other
greatly needed municipal improvements
such IS schools. water supply str@er i'm
proversnts. court houses etc and al the
city credit which accruAs By reason ~ en-
HANGED tax values during The ensuing four
or five Years may likewise he devoted
either - other municipal Improvements
living outside ~ the rapid transit Seld Or
70 the construction OF additional extensions
70 the remote parts CO ne Greater CITY
including Gomez Island and Staten Island
which extensions when built re agree 70
operate IN connection with the present sub
way for Z single scent fare
We have further agreed that the rrosts
upon The new lines above Der centun1
meet any deNcit that might accrue 70 thA
rifT from the operation Of extensions -
the sparsely settled portions II the cttv
which might 81 hrst prove Improbable
entire profits that might accrue from the
subway lines now proposed 70 be ey-
tended for The Arst Eve years.
Next. President ehonts takes No the
arzur,en that # the BROOKLYN Pepid
Transit offer should be accepted thA city
could not take over al II the subvsvs
until the expiration IF the Lease on the
Int=rboroush sUb7-a~. v-hich has some
severtv years more . run. He saws
Does he city want - rscartur@ orlv
par # rhs subVsys which T. has con
structed ard thereby establish two-tare
system Is nor a fve-cent fare the 1rst
object q the citv's desire IN rapid transit
The marlborough proposition perpetustes
this h-e-cert fare Under the Inter hor-
ough OFFER the city can take az the end
% ten years either the East side lines or
The West SIDE lines. and al the end q
thirty A-e Years T. can take both ana II II
does not take over The lines the Ave-cent
fare continues. Under the BROOKLYN Rapid
Trarst Company proposition The Two
fare system would continue - tne end or
the Interhorouzh lease. appro1irat e'Y
severr- ~esrs