The evening world., 1912-05-10
BANKERS DON'T
WANT TO FORCE
SUBWAY ACTION.
Continued from First Page.)
bway lines. II should never submit

subway lines. II should never submit
to dictation.
when I say that these trastion
companies have capitalized indecency.
I mean Just that the conditions In the
present system are indecent. M the
companies want to be paid for contin-
uing present conditions
Because McAneny. who has just put
through a scheme TO spend S1o. 0oo.0Oo OF
public money 10 buy . site for . new
court house when there " q site avail
able in City Hal, Park that would cost
moaning, says that the city hasn't the
to build subways, that doesn't
make It 30. by . juEful. That SIC. oo
could he used for transit work. Who
70 Il h lives downtown now n
wants to use City Hail Park, but . few
jsnitors Of big buildinss? There ere no
longer dwellings in the ndshborhood.
and the Court House could be put n the
park as we'll ~ not.
"The whole transaction with the tram
cit corporations 10 . defiance Of pubic
sentiment. II the question were put to
a referendum vote there 10 no doubt In
my mind that % per cent. OF the voters
would insist that municipal construction
and operation Of transit lines ~ fol-
lowed. such contracts v are now pro-
posed will never be approved with my
vote. I DO not know how the other
members intend 10 vote. but Z certainly
know how I will. I an determined on
that point. An this taik shout lsck Of
city money 10 foolish.
"Of course there " plenty Of city
money for transit work. II viii take
from four to hvs years to finish the
work that 10 planned and ~ the msrest
child now knows the city by that time
will be able to md plenty Of money"
Mr.. Cram. who served on the Dock
Board, said that there 10 more than
$40, 900. 900 Of self-sustainins dock bonds
which might b exempted from con-
sheraton ~ part Of the regular city
debt and released In great part for the
reimbursement Of the transit work.
Letters given out to-day BY the Brook
Ign Rapid Transit Company and ad-
dressed to both Chairman WILCOX of
the Public Service Commission and
Borough President ueorsV MoAnsny,
chow that a. far back a. March . Col.
r. q. Williams also notified che city
authorities that hs company would
withdraw it, oIsr N the event that
persistence along <hs present lines wa
continued.
Besides notifying the city that suoh
conduct may make Il impossible for the
b. n. T. to osrsy out it, part Of the
proposed dual plan. Col. Williams statss
that whatsvsI.t the truth u. the psopl,
ought 70 know II and be governed ir
their actions before M irrsvocabis stsI
10 taken by the public ofscials.
The FIRST letter y . formal threat ant
u followed b. . letter under date o.
April 8. which 10 q sort Of reminder
This latter letter reached Mr.. wilico,
to-day because Of the fact that tn,
Chairman was out Of the city.
WILLIAMS TELLS WHY LETTER,
ARE GIVEN OUT.
Tn visw Of the phase which the sub
way situation q taken to-day" sale
president Williams to-day. 10y reason o
the threatened withdrawal Of the Inter
borough Company and . special meeting
Of the Board Of Estimate. II has SCENE,
to ne wise that the attitude Of tn,
Brooklyn company. ~ reflected In thos
two letters. should be made public. MI
McAnsny has ~ al times been con
sistent and sincere In his effort to worl
out the so-called dual plan Of trans
portation and any delay In carrying OIL
thds plan has been occasioned only b,
his deAre 70 have the dual plan worke'
out enthusiastically to the people Of al
b~oroughs."
In q letter dated March .. 1919. an,
addressed to Chairman Wilcox IN,