New-York tribune., 1911-04-18
B. R. rs SUBWAY OFFER
EXTENDS To RICHMOND
Its Final Acceptance Over Inter
borouqh's Plan Depends on
McAneny's Sole Vote.
EARNINGS IN A COMMON POT
Triborough System Would Be
Added TO Merger of Lines in
South Brooklyn. Running
to The Bronx.

L
Of the secret negotiations with the Inter
| borough Rapid Transit Company and the
! Brooklyn Rapid Transit Company 10 in
dicate that unless the former makes even
more radical conc essions to the city than
/ have heretofore been suggested publicly
| IT will stand little chance Of receiving
! the preference over the BROOKLYN com
pany when the final report is made TO
the Board Of Estimate
! President McAneny talked in his home.
/ No ~ East t1th street. where he was
confined With on cttsck of grip r. he
I Is unable 70 get out to-day the confer
/ cnCe between his committee. the Public
Service Commission and the officials If
/ the Brooklyn Rapid Transit scheduled
for this afternoon pill he held in his
home.
If the Interhoroueh expects 10 get
anything. IL must bid quick and high
particularly high" was the v'av Presi-
dent MCAneny expressed it, referring 10
tie fact that after the BROOKLYN Rapid
borough will be asked to give cate
sorical reply 10 the demanded modifca.
tions Of IT'S original plan.
II is understood. however. that tha
members of the conference committee
hardly expect that the Interhorough will
concede the points which are considered
vital TO the ACCEPTANCE Of it's plan As
10 this possibility President NcAnenv
did not wish 20 speculate He irdica ted
clearly. however, that he was pleased az
the spirit Of competition shown hy the
Brooklyn Rapid Transit and would not
hesitate 10 turn 70 tne offer Of that
corporation in case the Interborough
failed TO Weld the vital points
Should President McAnenv's vote IN
the Board Of Estimate go for the Brook
lyn Rapid Transit offer II would mean
practically its acceptance. rs Borough
President Steers. II ie believed. would not
feel that he could stand out IN view Of
the superior advantages offered 10
Brooklyn by the Brooklyn Rapid Transit.
The report Of the conference com
mittee. no matter what its recommended
tons are, will 70 into the various offers
in detail
Final Proposition oF the 3. r. =.
The BROOKLYN Rapid Transit Company
vas asked whether IT wished to make
dude the acceptance Of the triborough
system and other notifications or would
rather have its position stated BY the
conference committee. leaving it to he
formally stated in case the Board Of
Estimate desired to take up the Brook
lyn Rapid Transit proposition in prefer
snce 70 that OF the Internorough
The Brooklyn pid Transit accepted
the latter alternative and its proposition
will be submitted TO tho Board ot Esti-
mate substantially as follovs:
The entire trihorough system TO he
added tc the extensions OF the Brooklyn
Rapid Transit in Brooklyn and Queens.
on basis which will merge for operst-
ing purposes the Brighton Beach inn
provement the Culver line. the Sea
Beach line and tho West End line, in
South Brooklyn. into a general system.
in connection with the Fourth avenue
subway and the proposed Flatbush ave
rue extension connecting the Fourth
avenue subway with the Brighton Beach
improvement
The Eastern Parkway subway 10 be
added to this system. connecting with
the proposed elevated extension To ia
maica.
The construction Of n new tunnel un-
der the East River and the use Of the
three East River bridges az outlined pre-
viouslv. From the now Battery tunnel
tho broadway Lexington subway con
nected with the Centre street bridge loon
al Canal street and at Spring street
would take the Brooklyn Rapid Transit
system through into The Bronx and in
clude the two elevated branches 10
yVoodlswn and Pelham Bay Park. in the
original triboroueh route
The Broadway loop line from 9th
! street 20 18th street and the suhUav
under j9th street to the Oueonsboro
! Bridge. there connecting With the ole
| waited extensions in Queens. would com
plete this system.
q. r. rs Financial Terms
~ first the BROOKLYN Rapid Transit
wanted franchise for twenty wears.
with the privilege Of renewal for q like
period. but finally consented TO accept
q franchise OF the ten-year undetermined .
rarioty for all lines except the Centre
| street loop As this would be a KEY for
many If it's elevated lines with long
! franchises. il still asks q fort year term
/ for it.
The only question remaining TO he de-
J termined in regard To the Rronklyn
| Rapid Transit proposition is the adjust 10
ineut of tho perpetual franchises on the
! Brighton Beach Sea Reach. Culver and
/ west End lines. II has been suggested
! that these franchises might he arranged
| in groups, with the idea Of exchanging
/ some Of the perpetual franchises for the
ten-year indoterminato variety. on the
understanding that this conce ssion should
| br made up TO the company i'm another
way.
AS to the financial terms. the Brooklvn
Rapid Transit r. willing to have the re
cfipts Of all new lines and those parts
If old lines operated with them put into
q common pot. with the understanding
: that the company shall receive from net
earnings = fair return on the physical
,aIue Of the property and then a sum
sufficient 10 cover the interest and sink