The evening world., 1912-01-11

.,me Eight upon the ecclesiastical a.
tltr.le OF the Intcrborough and upon
TIE favor with which Wall Street has
recently received It's securities was
s'ci today by those who read with
care the report OF the Public service
Commission for the year 1911. which
was sent to the Legislature at Albany
last nlsht. These two facts appeard:
Frst-That the Brooklyn Rarid
Transit Company. contrary TO pub
nc idea. had been awarded no con.
tract for operating any par. OF the
new subway system. but must en-
ter competitive bidding for such
privilege.
Second-That the Peterborough,
being the lessee OF the present sub
way. may be awarded a contract
for operating an extension 10 that
route WITHOUT AMY ADvE1.
TI11N0 On COMPETITIVE BID.
Dx5Fo.
The net result of this situation, {.
was pointed out. was to make Il pos
slble for the Public Service Commits
sion and the Board of Estimate 10 con-
tract with the PETERBOROUGH for tho o..
Grafton Of the III" routc ny treating the
lines TO be connected With The old sub
Nay as eSten sioDs, without ar r~rrtle-
rre!!minarics thaI obtaining enough
votes 10 pass such contract.
iNTERRoRouGH COULD GRAZ
AL THE LINES.
The Additional. fact was made plain
that after getting tile "lr' under the
privileged contract OF 4 lessee me Ia
ter5orouSa night then come IA as a
O.dder Tor the Broadway and Fifty
nin.i street line. now promised to the
Il. Il. r.. and might. under such bid
Gias. ft.re q contracs TO be made with
itsalf TO ne exclusion of It's overtime
river rival.
Too report vas loaded 10 the brim or
ms point, slowing that the Bcookiyn
vyIcarn has NJ stst"s cNcept the right
20 bA! for future contracts, 10 which
lisi!ns ans person or corporation On
earth may become Il party. The Sec
non Ut the rcpor, dealing with this M
pJrtsIt situation .o,laws:
'Trn r"Gvs9GT'r accounts ~ tic coa-
f.yenecs ana ot to correspondence have
!oL 10 u genera! puzzle impression that
n contract lad been made WIKI the
Brooklyn RAPID Transit interests. Such
- ,pnrse IS, not possible under the pres
eat law.
The following important c%ontirgen-
c,es are. however, IL be noted. II II
iouie 10 An extension OF an existing mu-
n.u.pa,ly cons,rI ed road a contract
May he made directly with the lessee
thereof for the construction. equipment
and operation, without public bidding. A
ce-,'1caie nag ne Issued. without public
iiId,nv. for extensions or additions TO
an existing prl"s; owned line.
"These are vita. IN considering The
methods TO be used In following out tho
geieral programme with the Brooklyn
i.apld Transit. That company Is not the
icssee OF n municipality constructed road;
consequently none OF the lines may be
granted 20 It as an extension. II is pro-
posed that city money be used for con.
struction; consequently !, Is not possible
TO grant 20 that company such a certin'
cate as Is provided for private COM
panlss us.ng their own money for con
styucion OF extensions. It Is therefore
necessary that public bidding be invi,eS
and that routes De laid out 50 as e
make bidding possible"
Tho Commission reports In detail VIVA
4 has done With respect to subway con
~s;ruction, calls attention :, t.!e fac
that the Mayor - holding up ap2rova
Of the Eastern Parkway route and "a
FIFTY = ninth street = Astoria Wooatid
routs-and then discusses new legisla
ton.
NEW LAW ASKED eY TIL
SERVICE BOARD.
Under mis- head the Commission ask
tia. enactnients De made as follows;
Ito give the commission jui:sd.c-
ton over .ssues OF securities In cases
like the rhird Avenue and Metropol-