The sun. [volume] (New York [N.Y.]) 1833-1916, 1911-04-18
Unless Mr.. Shonts Accepts
the Modified Terms
Immediately.
DECISION IS PROMISED SOON
Brooklyn Plan Would Cost the
City $I35,000,00 ,000-Tsn
Year franchise Enough

Borough President McAneny. who has
neen described as having the deciding
vote in the Board Of Estimate on the
subway matter. made it clear yesterday
b. would vote to accept the offer Of the
Brooklyn Rspid Transit Company unles.
the lnterborough company agrees TO the
demands which have been made by the
conference committee, Of the Public
Service Commission and Of the BOARD OF
Estimate.
Mayor Gaynor and Borough Presidents
Steers. Cromwell. Greese- and Miller.
who have eight out Of the sixteen votes
10 the board, are in favor Of the extension
ofthe present subway by the Interborough
because 1t would mean single fare
system Comptroller Prendergast and
Presiden, Mitchell of the Board OF Alder
men are opposed on the ground that
monopoly would he created. Mr.. Nc
Aneny has said all along that he wanted
70 study the situation before committing
himself Had he at any tir,e voted with
Messrs. Prendergast and Mitchell it would
have made a deadlock in the board. IL
these three men and President Steers o:
Brooklyn voted for the Brooklyn COM
pany's plan to build a subway system in
Manhattan it would be adopted 10y ten
votes to six
MIR. McAneny dictated this statement
a. his home yesterday:
The few remaining details Of the Brook
tn Rapid Transit Company's PROPOSE
ton will probably be determined at the
next session with the representatives of
that company tomorrow. They relate
merely to the condition under which the
B. r. T. would surrender it's perpetual
franchises on its South Brooklyn and
Brighton Beach lines, which are pro-
posed to be taken over into the compre-
hensive system which the offer Of that
company embraces.
When those matters are determined
We will have completed the discussion Of
the B r. 7. matter and will have then only
To hear from the Interborough Rapid
Transit Company as TO what it is willing
n do in the way Of modifying its pending
offer
The procedure which is to be followed
IN the case Of the InterborouGh company
Will be. We will present to that company
statement containing all Of the sug-
gested notifications Of its offer. both
those which were made originally by the
members Of the Board OF Estimate and
Apportionment and those which have
oeen worked out in the course Of the
present conferences. The Interborough
Will De asked to indicate exactly what H.
will do on each Of these points.
There will be no delay At this juncture.
II the representatives OF the Interborough
whom We call back for this purpose think
II necessary to lay the statement before
the board Of directors they will be
allowed 70 do SO. But in any such event
the directors must act Immediately 30
that We may receive their final reply at the
earliest moment
1T is the plan OF the Board of Estimate
committee 20 embody in it's report state
ment of the offer OF what the Brooklyn
Rapid Transit Company is ready TO do as
tue result Of the negotiations and also to
embody the suggested notifications Of the
lnterborough offer and their answers to
these notifications.
The committee will then make its
fecommendations as to what it believes
VIII be in the interest OF the city and xil!
support its recommendations by q review
OF the evidence which it has taken.
Until the committee has received the
ina! answer Of the lnterborough COM
pany Il cannot be said that it has officially
determined upon one course or the other.
out u may be stated emphatically that
It's action on the Interborough companys
oher Will not represent any recession
whatever from the statement OF tho prin-
cipals made after its conferences with
the directors OF the marlborough COM
ENy closed three weeks ago.
In other words. as was recently re-
marked IN a newspaper editorial. now that
me r. T. offer has developed into such
oomprehensive and lively scheme OF
competition. if the Interborough wants to
get anything it must bid high and quick.
and particularly high"
originally the B. r. 7. asked for a
i'r'y year fat term franchise on the
entire system. divided into . twenty year
original term with a twenty year renewal
a. the same rental. Mr.. McAneny and
o'her members OF the conference stated
'ha' this would not be acceptable, where
upon ol Timothy s. Williams. president
~ ihe X T. referred the question to
MS directors and after consultation re-
ported that his company would accept
a 'en yea indeterminats franchise on all
'n"s except tho Centre street loop line.
m which IT would ask for a forty year
trauch.se
Ia.S will represent substantially the
E'sflon If the b r T, as reported by
~" NNAn"nv committee. except for tho
opposed adjustment Of tho perpetual
hisns now held ny the b, II 7, for its
b'..hton Beach, Culver, Sea Beach and
N-'' End lines
Mo R T proposes that the receipts
'' .o new lines and Of the old lines which
.'" 10 maze part OF the new system
70 oool"d that the company receive from
Il" net oarnings q fair return on the
Il"s.cal value Of the lines which II will