The evening world., 1911-02-07
GAYNOR FAvORS
THE PETERBOROUGH
IN HIS MESSAGE
Tells the Aldermen He Is o.
posed to an Independent
System.
REPEATS HIS OLD VIEWS.
Says City Needs its Money for
New Court Houses, Schools
and Parks.

hoon' ~ almost exclusively devoted 70
'he question OF subways. The Mayor
advanced no new nor facts.
ms message Is a resume. as IL were.
or letters and interviews he has give,
within the past three months on N.
subway situation.
Attention Is called BY the Navo- %
the fact that the Tax Commissioner
W e1uaIlzing assessed values OF real
estate have added about $500. 1000 ~
s"'' 'a1ues IN one year. The usual
nornlal increase would have been about,
s-'voV"v'' Inc extraordinary Increase
WIZ give the city an additional borrow.
ing capacity margin OF SsO,OW, 600 in .Ju,v
OF this year. From this time on. tho
mayor says, no attempt will be made
70 torce up the assessed valuations
inc ordinary routine advance OF abou.
'Oo'"o."o annually will apply for the
next three years.
Money Needed for Other 1hlno.L
but the Mayor Gays the increase OF
NooU,oO lie needed for Improvement
other than subways. He mentions nev
c~ourtnouses for the Supreme Court OF
the Counties OF New York, Klngs and
minor court holses
- hou'Nss
borough halls or municipal buildings.
delayed new school houses and hos.
pitais' sewers. parks. Fairgrounds.
parkways and streets and the connie.
ton OF bridge terminals. Continuing
the Mayor declares:
we rave for subway CONSTRUCTION,
however H''eV.VW which can he used
or no other purpose. 1t is the amoun,
'rted by the city In the construction
Do ''e present subway. Having become
ii-sds'aining out OF subway earnlng,
respect OF int ST and the sinking
.'ad established to pay IL of. II has
cen released By the Supreme Court in
De- toidIhte with a recent constitutional
'neAdment from being reckoned as
art OF the ci;y debt In ascertain,nu
"Iether the 10 per cent. Indebtedness
,.m!t has been reached.
"But tnis sum will scarcely suffice 70
construct a trunk line through Manha,.
an. And by the time 1t shouid be con-
s.med for that purpose. II Is a seriou.
question whether the city's borrowing
margin would enable US to go on com
.siructing extensions into the borouchs
except little by li:tle and by such SLOW
degrees for lack OF funds that ten or
more years would elaDse before their
con- truction."
Talks Of Private Capital.
The Mayor repeats his gun
voiced several times Of ate, that private
capital aiding the resources OF the city
could complete most of tie subway ex.
tensions In all boroughs In three year,
and the entire system in five years. Tn.
subways would belong to the city any
how he adds. whether built In whole or
tu mari with eitv rpnp.V Tl,. ,i,,,, L.
terest and principal and private capital
interest and principal are paid out OF the
earnings OF the subway, the Mayor con-
tends.
The Mayor maintains that the pro-
posed Triborough system is in reality
the plan OF extensions laid out by the
old Rapid-fransit Commission. He is
against an Independent system and in
favor Of one system operating under
one fare.
TT seems to be an ~indisputable case" .
says the Mayor. that we should have
ono system connecting all OF the bor-
oughs, with . single fare all over thu
system"
Whist City Could Do.
The present subway company" con-
cludes the Mayor. has offered to fur
nish to the city all OF the capital nee
essary for the city to construct and
equip the said established subway sys-
tenn OF which the present subway Ia a
fragment or part, and additional extern
sions. over and above S.. 600. 900 to be
put in by the city.
The amount the company will put
in y estimated at S75.coO.oSo This
would enable the city and the Public
Service Commission to begin construc-
tion at once In all OF the b~oroughs.
The capital put IN by the city and
the company would be paid. interest
and principal. out of the earnings and
by means of sinking funds, as l have
already explained.
1.-The company proposes than the prof
It's be divided equally between 1t and
the city. The proposition, with pro-
posed additions to ana notifications OF
II, Is now under consideration by the
Public Service Commission and the
Board OF Estimate and ApportionIrent,
The difference among us in the Board
Of Estimate has caused a long delay,
which, | trust. will soon be brought to
an end.
THE statement Is being made that a
mas " Of the memoirs OF the board
are bi eaking campaign pledges made by
them TO build the so-called 'lndepend-
ent' system.
Denies They Made a Pledge.
'No member of the board ever made
such a pledge. All said they were in
favor of the city proceeding to build
necessary subways, No one pledged
himself to any particular route. That
was properly left for official considcra-
ton and settlement. The proposition
OF an independent system seems to
grow largely out of dislike of the pres
ent subway company.
And yet, II We hould build a new
and independent system. We would have
I, put up for competitive bids for a
company to operate it; and the chances
are that the present company would
he the successful bidder. But II another
company should succeed, wherein would
We he the better off? We would have
an additional fare to pay for transfers,
tle new company would be no different
or better than the present one, n
the Public Service Commission would
have two companies to control Instead