New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1913-02-26
GEORGE !. GOULD
BLOCKS SUBWAYS
Continued from first page.

rcscnts Mr.. Rockefeller. is now in
North Carolina.
When Mr.. Gould was asked who was
associated with him in the opposition
| To the certificates he replied:
why. the directors. OF course
The directors of the company, accord
to "Poor's Manual of Railroads" a,e
Il. NJ. Galloway, +. r. Jeffrey. Kingdom
Gould John McClemcnt, bona III
Mackay, j. J. Slocum, George j. Gould,
Howard Gould, Frank j. Gould. Alfred
Skitt aud r. j. Terry.
/ AS way of getting around the ob-
Jcctions Of Mr.. Gould. it was said the
lntcrbOrough Rapid Transit Company
may take the certificate. as it has
taken the certificate for the extension
| of the elevated lines However, there
/ Il question as TO whether it would
he legal TO have the lessee Of the prop
/ Ing, which would become physical
part of that property
The suggested plan to arrange to
have the third tracks become the prop
erty of the Manhattan at the cxpira-
| ton of the lease to the marlborough,
,, instead of having them revert TO the
/ city, was also considered Of doubtful
! legality.
Chairman Mccall was loath 20 talk
about the difficulty 1t is a matter
| that lies entirely between the Inter-
borough and the Manhattan company
he said. "As far as ! am concerned
VIC would be ready TO act upon the
contracts tomorrow. However. as long
as we are not I'm a position 10 pass final
approval upon the certificate for third
tracking it would be idle to pass upon
the contracts for subways."
! At the solicitation of Chairman Nc
| Gail, Richard Reid Rogers, counsel for
the marlborough. who was at the offices
Of the Public Service Commission, got
| into communication with President
| Shonts. of the marlborough. who was
III AT home. The result was the fol-
lowing statement Of the case, dictated
! by Mr. Shonts:
During all the negotiations with the city
| rolati to the completion oil the thl1d
| track upon the elevated system, inc IN
| terhorough company kept the Manhattan
| company closely advised as To the run
| damcntal provisions of the proposed third
| track certificate. The facts were com
muncated to Mr.. Skitt. the vlce-presi-
dent of that company. and To their coun-
| sci. and by Mr.. Sktt TO MI Gould. the
| president Of the Manhattan company. ana
| to Mr.. Gates. representing the other prln-
| cipal stockholdcr.
Says Gould Approved It.
Before sending in the 1nterboroushs
! formal offer OF February =. 1872. that
portion % If which related TO the eieNt..
| cd lines was laid before Mr. Gou!d .!
! Mr. Skitt and. al Mr.. Gould's sugges-
lion. taken TO the principal counsel Tor
| the Manhattan company and approNed pN
/ hin, The precise provisions OF the Man
haitian certificate were from tiln 1 TO t I'm,
! company: substantially every amendment
proposed by them was adopted ny inc
! commission in the form suggested, dn6
! the certificate in its fnal form approNed
I by the counsel for the Manhattan COM
| 1he formal papers submitting the mat
| ter TO the Manhattan board were IKE
! wise prepared and approved by the reg
| MAR Manhattan counsel. When the mat
ter was brought before the Manhattan
! board, however, that board. acune upon
| the advice Of the private counsel OF Mr.:
Gonld. rejected the certificate. Notice OF
! this formal action on the part or the
Manhattan board was the first intimaton
! the Interborough company received thdt
tbp Manhattan company was not prepared
10 cooperate with the marlborough COM
pany IN carrying out the pending plan
| Tor rapid transit development.
Since this unexpected action on the part
! Of the Manhattan company the officials
/ 1ntGrnOrOuGn
pany have been in conference with the
! commission ana ITS counsel, win view
80 Adequately meeting the SITUATION.
| Some change in the third tracking certih-
! cate will be required. but IT is expected
| that a satisfactory solution OF the DILL
! Guilty created by the action OF the Man
haitian board will be shortly reached.
| Mr. Rogers declined 20 add anything 10
the statement of President Shonts but
| IL was understood that President shonts
| was Disguised at the eleventh hour OBJ
| stacle placed in the way OF pultiHE
through the dual transit system.
! Under the terms or the lease OF ;he
| Manhattan TO the marlborough the for
mer stock gets per cent on its So.oW@
| OF stock and interest upon It's bonds. If
the lines are third tracked and extended
I'm accordance with the plans for the dual
system. the Manhattan will get no more
or less. II was suggested last night thst
POSSIBLY Mr.. Gould and the other d.
rectors OF the Manhattan thought there
should lie change in their lease oy
which there might be assured 70 them a
larger return when the dual system gets
10 earning surplus profits
Object to Obligations.
! II is probable, too. that the Manhattan
directors object 10 some % the obhga'ions
under which they arc put by the terms
Of the certificate. II states that the
| Manhattan company shall procure all
necessary easements and rights tues ana
interest In real estate for the constfuc-
ton of the railroads. including relocauor
1 or reconstruction Of said structure IN the
Bovery. The Manhattan company snail
make good to the city all physical, bu'