New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1913-02-06

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The contracts with the Interborough
Rapid Transit Company and the New
York Municipal Railway Corporation
su bsidiary OF the Brooklyn RAPID
Transit Company, formed for the pur-
pose Of entering into the contracts with
the city, as finally agreed upon, were
received in printed form yesterday.
The Public Service Commission was
prepared to adopt them at any minute
If the Injunction, which was considered
as enjoining such adoption, had been
vacated. The commission met first at
II o'clock in the morning. AS the con-
tracts were not ready adjournment was
taken to 1890 o'clock. At that time
the contracts were ready, but the in
junction was still in force. and adj
iournment was taken TO 3:3O O'CLOCK,
when argument was TO be heard before
Justice Hendrick for its vacation. II
was thought that Justice Hendrlck
might act favorably at once. In that
case the commission would have acted
Immediately.
At $50 o'clock there was no change.
so adjournment was taken to o:3o
o'clock. Al that time Justice Hendrick
had denied the application for vaca-
ton OF the injunction, so all the com
mission could do was 10 vote 10 make
the contracts public.
Chairman Wilcox and President Nc
Aneny. chairman Of the Board Of EST
mate committee, Joined in statement
in regard 10 the changes that had been
made. They said they were in the form
they would be transmitted 10 the Board
Of Estimate, evidently believing that
Mr.. Mccall. the incoming chairman
would not advocate any changes. II
was said that opportunity would be
given by the Board OF Estimate for
public hearings.
Changes in the Contracts.
The principal item OF actual saving
under the changes was the Sj3o,OUO
represented by the taxes on the Stein
way tunnel that will now 'have TO he
paid by the Interborough. BY the
elimination Of the clause in regard 70
the recapture OF the present subway at
the end OF thirty five years potential
loss OF about S40,OOO.O00 was obviated.
However. the loss would never have
occurred, az the option under the clause
dropped out would probably never have
been exercised.
The statement follows:
The contracts az finally revised and now
reprinted are IN the form In which they
will 30 from the Public Service Commits
sion 20 the Board OF Estimate. When
submitted 20 the public on December 81.
1872 they were in preliminary draft form.
In advance OF the first Of the hearings
subsequently held on January IA and -. q
considerable number OF proposed changes
were submitted to Chairman Wilcox by
the conference committee 81 the Board OF
Estimate. which az the time ~ the adop-
ton Of the report on the dual plan. made
10 the board IN May last has been con-
tinued for the purpose Of further confer
ence with relation 10 any question OF
detail that might arise between the two
bodies affecting the contracts 10 he pre-
pared.
These proposed changes as well as
other suggestions made In the course or
the hearings. or developed within the
commission, have been under Consdera-
ton By the Public Service Commission,
the Board OF Estimate and Controller
Prendcrgast during the last three weeks.
Al the same time. an extensive revision or
the language ~ the contracts designed To
strengthen various chapters has been
made by counsel 10 tie commission. with
the aid OF it's technical stan. This revis-
ion was completed Monday night. and the
work Of reprinting the drafts was finished
yesterday.
The public discussion OF the main body
Of the contracts before the Public Service
Commission was very complete. The
changes since made have all been In the
direction OF Improvement The Board of
Estimate. however. will give ample op-
portunity for the further hearing OF ar
gument upon all OF the amended drafts
before final action is taken.
\ comparison between the drafts as
submitted for the public hearings and az
revised will show that most OF the many
changes made are I'm form rather than