New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1911-05-05
|NTERBOROUCH TO
SUBMIT NEW OFFER
Few Expect That Required ModI-
fiCationS will Be
Conceded.
NO FORMAL DEMANDS MADE
New Turn postpones Conference
Committees Report, Which
Will BE Ready on
May Is.


ranv WIN submit an amended subway
Offer 10 the Public Service Commission
and the conference committee OF the
Board Of Estimate on Tuesday. As tho
representatives Of tho citr who think
highly Of the Brooklyn Rapid Transit
COMPANY. did not want to place them
selves in the position Of being obliged to
accent the InterborouEh's offer i'm case
certain notifications should Inc made
they presented no formal demands to the
representatives Of that COMPANY.
In conference. attended 10y August
Belmont. Andrew Freedman. Theodore
Shonts and +. j =. Gavnor. auditor. rs
representatives Of the Interborough. Bor-
oueh President McAneny went over the
notifications ~ the lnterboroush offer
that have been considered from time 10
time IN the negotiations. They were
told in substance: Now Won have
pretty clear idea of what the city would
like 10 have ~ tho way Of q subway
proposition Please 60 and send us the
hest offer YOU can next Tuesday.
Although some Of the city's representa-
tives hope that the marlborough will
make material concessions. others are
not So confident that enough modihca-
tons of the important terms will he
made as would mako it acceptable to the
city Following the receipt Of the
amended offer of tho marlborough on
Tuesday there win he conference 20
discuss it ON Wednesdav
interboroug, in Conference.
As the 1nterborough representatives.
who had been i'm tho conference for an
hour and ? half. We're leaving the rooms
Of the Public Service Commission they
met the representatives OF the Brooklyn
Rapid Transit COMPANY on their way to
another conference with tho city. With
President Williams were Nicholas F.
Grady. Walter .. Oakman and !. Horace
harding Mr.. Freedman. Of the Inter
borough. shook hands with Mr. Oakman.
of the Brooklyn Rapid Transit, and
laughinglv said. Sorry can't wish Won
luck IN this matter. hut I do in every
thing else"
"
vice Commission was obliged to depart
early to catch train for Washington
where he is 10 make an address before
the Woman's Welfare Department Of tn"
National civic Federation to-day. Au-
gust Belmont. who Is also To speak. went
on the same train. and II was predicted
that the two would have their heads
fuu Of subways" for most Of the trip.
The directors of the marlborough met
after the conference 10 decide ON the de
tails ~ their amended proposal There
are two things they must do in order to
make their Offer acceptable in any de
gree. They must make some arrange
nent for an exchange of franchises and
they must agree 70 some equitable divi-
sion Of profits by which the city would
not have 70 pay deficits on outlying lines
while the PETERBOROUGH continued 70 STOW
away profit Of IS per cent or more
year on its present subway lines.
Although it is expected that the Inter
borough will modify it's offer i'm q num-
her Of particulars in an attempt to meet
the BROOKLYN Rapid Transit there were
pessimists among those familiar with
the negotiations who predicted that the
Interborough would never agree TO meet
the citys desires on the franchise and
profit matters.
The eleventh hour determination Of the
Jnterborough to modify its proposition
81 al will put off still further the final
report Of the Board Of Estimate. Bor-
ough President McAneny had hoped TO
make il week from YESTERDAY Last
night. however. ne said n would he two
weeks. He was sure that he would he
ready 70 report by May rs
May Be Last Conference
The conference with the representa-
tiyes Of the Brooklyn Rapid Transit
lasted from 3 80 o'clock until after -
when IT was adjourned until II o'clock
this morning. President McAneny said
he hoped 1t would be the final session
with that company hut Commissioner
McCarrol Of the Public Service Com
mission. who was acting chairman in the
absence Of Chairman Wilcox. said he
was not willing TO predict that another
conference would not have to he held.
1T aodiioh 10 the ildh'di question: ~
20 how the elevated properties shall he
valued. II was said that there was some
difference Of opinion as 10 the order I'm
which the charges against the lines
should be taken out of the earnings
There is also question as 10 whether
some Of the proposed new lines shall ho
elevated or subway. II had seemed prob
able that the elevated lines would he
placed In the proposed system ON the
basis Of the average earnings fo1 the last
five years. but II seems that the Brook
Ign Rapid Transit has made an objection
TO this at the last minute.
One of the conforrces said that he
could not see how the citv could accept