New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1911-06-08
EXPECT BOTH SUBWAY
BIDDERS TO GIVE IN
Report Not Ready, but Will Not
Allow Interborough DiCta-
tion, 1t Is Said.
MAY BE READY THIS WEEK
Will Be Considered at Special
Meeting of Board of Esti-
mate on Monday-Cram
Against Delay.

mission and the conference committee OF
the Board of Estimate are pretty well
satisfied that the result of their nego-
tiations for the extension Of rapid tran
sit lines will meet with the approval of
a majority Of the Board of Estimate. Ii
Is said that the report. which is TO go be-
fore the board at special meeting
called for Monday. will show that the
conferrces have been able to get from
both the Interborough Rapid Transit
Company and the Brooklyn Rapid Tran
sit Company concessions which were not
made in the latest offers Of these COM
panies and have not been made public
in any way.
1t is understood that the report will
leave II to the Board of Estimate to
make the final demand on the INTERIOR
ough in regard TO an interchange Of
franchises between a leg Of the present
subway and the extension of the other
leg. In order that the city may take over
at tho end Of ten years a straight north
and south line of its own.
The report will suggest that not only
this demand but also a demand for more
liberal terms as to the division of profits
be made on the Interhorough, and that
the granting of the demand be made the
condition upon which the Interborough
shall be allowed TO have further exten-
sicns at all.
Interboroueh UnyieIdins as Ever.
So far as could be learned last night
the Interboroughs attitude was as un-
yielding as ever. but It is UNDERSTOOD
that 1t will not show its hand on the
proposition until the formal demand has
come TO IL from the Board of Estimate.
There was much speculation yesterday
IN regard to the attitude of Controller
Prendergast and President Mitchell OF
the Board Of Aldermen on giving any
thing to the Interborough. in view ~
the campaign they made in the winter
for an independent subway system.
| Neither Of these men would indicate
Yesterday what his attitude would he
in advance Of definite information OF the
details proposed by the report.
Controller Prendergast said that so
far as he was concerned the details or
routing were secondary to the financial
questions. II may he said definitely that
neither he nor President Mitchell would
vote for any proposition that would per
| N cot
the proposed legs Of the III on the
same terms that they now hold the
present subway Above all things. they
are opposed to any Interborough mo-
nopoly.
II the Interhorough should yield TO the
demands in regard To an exchange oi
franchises and the further demands dS
to division OF profits, it is thought tha'
these members Of the Board Of Estimate
WIGHT he willing to favor the PROPOSE
ITO, made in the report. There Is just
ono doubt in their minds, IT is under-
stood which is that If the lnterboroueh
should agree to such contract some ol
tho bondholders might come in WIN an
Injunction which would tie up the entire
matter In the courts indefinitely.
Tho Peterborough in it's latest offer
signif,ed willingness to exchange iran
chises and to sell TO the city at the emu
Of ten wears. provided some leslsia''on
,orrtttine It could be passed. Lawyers
u,ho have been working with the city )
oonferrees have expressed the opinion
that such an exchange could be made
without any legislation, but there coulu
SO ro guarantee that some bondholder
r,;ebt not hold the thing up by legal
fight
Special Meeting on Monday.
Borough President McAneny had hoped
N get the report typewriter ana IN the
hands of the printer last night. so that
,ba document could he laid before the
BOARD Of Estimate at its regular meet
,,,, to-day. Yesterday morning he de-
cided that the physical work could not
he dore. He asked Mayor Gaynor to
consent to a special meeting of the board
o. roorrow or Saturday. The Mayor re-
rIied. however. that he had planned to
| ha ont of the city tomorrow for over
cundav. and thought that the special
r,oeting Of the board might be Just as
uo,l called for Monday. AT that time
tbe report can be introduced and then
considered at the next meeting. a week
from to-day. under the rules.
THE report will suggest that the Inter
borough be permitted to take one week
ir which to consider yielding TO the de
,oands Of the city. This should bring a
enaI decision Of the matter up 10 the
meeting Of the Board of Estimate on
Thursday, June -.
The last regular meeting Of the board
has been fixed for July g This does
not mean, however, that the letting Of
c,ntracts Will have TO be DELAYED until
fall. as "A special meeting of the board
can be called for any time In the recess.
Some Of the conferroes are convinced
that Mayor Gaynor will in the last
ANALYSIS favor the report of the con-
ference committee, although he has stood
right along for "A subway monopoly and
q, single fare. such as only the Interior
ough could give.
In a letter TO William Wilson. of No.
100 William street. which was made
,ublic yesterday. the Mayor writes: 81
agree with you that public official
should change his mind If he finds he
was I'm error about the law or the facts.