The evening world. [volume] (New York, N.Y.) 1887-1931, 1913-01-31

year0 tnotoo0 OF cononu1n8 toAen-
nissly.
City's control over the eonpa,y's
expenditures 70 ~ ssrsAGshsasA.
0o1gYD019xBDD.
Provision fer past asYeSe1ssaSa
(smounting 70 e3,oooQoo) 70 -
made by the company snA not ~
the city.
Provisions ~ - operation q
extensions 20 ~ AoliAsA b tAs
city's favor.
AoAIHsf rK1 0TFY.
Contracts 20 70 into sases when
Shs Seventh avsnus uAs 10 oom-
pietsa ana nes - - DsssDs.sA
until the new 3rook1yn taee v
Anishsd.
Queens iinss 70 ~ separated
for purposes o. rsoavsars.
soME PRINCIPLES INVOLVED
IN SUBWAY DISCUSSION.
In presenting the Developments upon
the subway contracts 10 its readers
from day 20 day since the nnai discus
sion upon the operating contracts began
The Evening World has confined hs
facts largely 20 matter within the con-
tracts. But u has always borne IN
rind that there were great principles
Cor the people which we're not considered
by the city oniclais when these con-
tracts were drafted under Agreements
with the companies. esferred % ~ PAST
promises.
Both Commissions Maitbis and Cram
ana President Mitchell Of the Board q
Aldermen favor . revision Of these
past promiDes' 20 the traction COM
pandes. for they are not actual gifts
until they have been. signed. ssaied ana
delivered. Mr.. oGaltSie was asked to-day
l., no would condenss these subjects
which ere not even being eenssdseed ~
the conferrees. all Of whom are paid oy
the city Cor their services.
first Of all there are the vreesrensSah
20 be paid the companies out Of tine
combined earnings Of the new sna OLD
lines" he said. '"rhey amount TO
.s.5oo.ooo to the b. n. r. and H.ss5.ooo to
the Intertsorough. I Oppose the prih.
cipis behind these prefersntiais. Next
ahouid put the proposed bond arrange
!nents. The u. r. r. II understood TO
have arranged with Kuhn. L>osb D Co.
% privately finance %. 100000 oe bonds.
The Inte-borough 10 known e have
arranged With J. p. Morgan 4 20. to
privately finance Si7o. ". ~ Of Ii binds.
taking them at the low price Of NJ.
sThoss Of - wAe epDese tAsse
axrsueensaSo slaln tha4 NE oSoAit
o. ne city - NeAlnA these bsaAs
auA 10 privoNe taahsxS sAoua1 -
s,ioveA 70 nahe - ins1As yroot.
AGAINST o,viNo AWAY RNoFir
OF ~, 1000, 900.
II am aginst extending the terms Of
,he c!ty's present contracts with the
snteroorough. about twenty-three years
- one case and twelve years In ~.
.thsr. thereby giving the Intsrborough
proht OF ets.ooo.ooo.
"fhere should be . STRENGTHENING OF
the rocapture provisions In both oper-
ating contracts 90 ~ TO give the city
actual control In case It wishes 70 take
over the lines.
THE payment Of interest and sinking
FUND upon tho city's investment IN the
new lines should have been made ahead
Of the costs of the companies money.
or the city and the companies shoul1 b.
n,.c.d nnon eoua, terms. A n stands
ro., No "a n r. has a preference ana
M. ,n,erborou..h . pr.fersnes WITH com.
pound interest In addition.
"rh. .xp.nd,ture. AZ the citv's funds
.ho,nd nn unor susclno lines. ar the
..~rer.t,on OF the cl,vs money pro-
vadsa for Al thar IN csss OF recapturs
the citv would know what n owned and
nm What A. nhared ovnership with ths
oomnany."
All Of these objections po,nted on,
bv Commissioner Msitbls are consid.
cred A. dead matter by the con-
.srre>. Commissioners WILCOX, Eussts
md Wiilisns. and borough President
NcAneny and Miller say that the open-
Ing of these subjects would break tl.s
.clty'a sacred plsdxe." They with Mayor
0.vror ara n sev other. were the mart
~ ~. csv th., m.a. ths .o.c.,lsS
e" p'euse'
WHY CITY CANNOT BUILD AL
THe aunWAvA.
.,s-.s. ..,s - S.,.s,. .ts. M,
-. 80 s.~a.S g. .v,>>uaS>~,>. Co.