New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1913-01-31
COST OF TWO FARES.

COST OF TWO FARES.
our excited friend The World
thinks we should share its feelin: over
tie fraction of per cent which II says
could be cut from the preferential pay
mcnt 70 the Peterborough company.
but which we think could not. 1t says :;
Assuming that the InterbOrough IN
vests only S1O,WO.OOo of its own money
i'm these subways. this tritiing matter
Of four-tenths Of ! per cent cdIrI'u
over fifty years at simple lnleies
means %l4.Wp.pD. What it Would
mean at compound interest we leave 10
The Tribune to estimate. Possibly HIf'-
900 coo does not seem much 70 Inc
Tribune. o. 10 the Public Service COM
mission or To the Board Of Estimate
or To the lnterhOrOugh, or 10 Mr.. MOI
gan. but il is a very respectable sum ..
money To take ont of the pockets OF
the people of New York and turn over
to traction MONOPOLY
No. S14OOO.0OO does seem 4 good
deal 10 The Tribune. We share "Ihe
Worlds" respect for it. But what
does The World" think Of the millions
in extra fares which the defeat OF the
dual system plan would compel the
public TO pay? In June. 1911, the IN
terborough Rapid Transit Company
published an estimate Of how much
the extension Of the Brooklyn RAPID
| Transit system through Broadway,
| Manhattan. would cost the INTERIOR
ough 10y enabling the Brooklyn system
! To distribute its own passengers in
Manhattan instead of acting as mere
| feeder for the marlborough. II re-
ported that such a line would cut down
its estimated revenues S5WN,oo0 a
year.
A large part OF that S50cooOO would
| he the second fares which as yet Brook
! Ign has 10 pay on reaching Manhattan.
The Brooklyn system is now a borough
system 1t is a tributary Of the Inter
borough system. II pours It's passen-
gers by the bridges and the ferries
| into the subway and elevated lines Of
the Interborough company for distri-
button Everybody coming from Brook
| lyn 10 Manhattan who wants 10 get
| beyond a bridge or ferry terminal has
to pay second fare 10 the INTERIOR
ough. If "'The World" succeeds in de-
feating the dual system that second
| fare payment will have 10 go on.
We do not know how much Of the
| 100000 which the InterborOuch ex-
poets 10 lose through the extension Of
the Brooklyn system in Manhattan will
consist Of the second fare paying traf-
flc. but it is not violent assumption
that half Of IL will consist Of second
nickels On this supposition the dual
system will save the people Of Brook
Ign 50 100000 wear by enabling them
10 get where they want 10 he in Man
haitian for single fare. That il
probably low estimate. for the dual
system will turn Brooklyn from two
fare paving borough 10 q single-fare
paying borough. No other plan will
accomplish that. We have no figures
on the saving 10 the people of The
Bronx and Queens which will result
from extending 10 sections OF those
horoughS the single fare to parts Of
Manhattan which may not be reached
for single fare if the dual system Is
beaten. II is no doubt enormous.
We are content 10 rest the dual Sys-
TEN on the case Of Brooklyn. II II
will save Brooklyn passengers $500.
900 a year I'm extra nickels il will save
them Sl25,oOOc00 in fifty years. Put
The World is evidently Indifferent
how many hundred millions the defeat
Of the dual system would cost subway
passengers in extra fares so long as
the lnterborough company does not get
S2SO.0co a year more in the form OF Il
preferential payment than The World
thinks il ought 20 get. The people who
pay the nickelS take more practica
view of it,