The sun. [volume] (New York [N.Y.]) 1833-1916, 1913-02-28

Shontss statement OF Wednesday, say
ing that the following were the reasons
why the Manhattan Railway Company
hAd refused to make the application
requested by the Interborough com
pany:
THAT the application raised the
question as to whether the Manhattan
company might not be compelled to
operate the new tracks IL the Inter
borough defaulted on its lease.
THAT no reasonable terms we're pro-
vidcd by which the Manhattan COM
pany could take over the extensions
II the Interborough lease were ter
minated.
That the improvements become an
integral part Of the Manhattan system
and cannot he removed without inter-
ference with the public service.
That II the marlborough sholud
give the Manhattan the best cause for
terminating the lease, the Mdnhatta
company would bc unable to do so
under the suggested contracts. because
1t would not he in a position to con-
tinue without interruption the opera
lion of its lines. since the provisions re-
spectin:; its protection ss to rolling stock
are wholly inadequate
Under the third objection Mr.. Gould
said that the improvements should be-
come the absolute property" of the
Manhattan company in case of default
ny the 1ntcrRorough--a proposal which
caused the wrath Of Borough President
McAncny, who is a friend of the limited
franchise.
In the Same connection Mr.. Gould
a hnt tn. .1,,n th. ic
not permitted to remove improvements
nor 'is it common to make any pro-
vision for reimbursing him the cost"
On the other hand. If the improvements
are made with money provided by the
lessor an arrangement should he made
safeguarding him against loss in case OF
default on the lease
Mr.. Gould gave as an instance of the
latter that the Interborough was pro-
posing To spend s3.000.000 raised on
Manhattan bonds To pay for power
houses, sub stations and 50 on. The In
terborough has this right under the
lease. but Mr.. Gould thinks that II the
Intcrborough should default and the
lease should terminate and the third
tracks should be torn down that the
Manhattan company would have spent
$4,000 900 upon which it could not rea,
ize.
Mr. ""u!u concluueu MS s.a.ciheh'
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ago"
Gould Family Directorate
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tiatiohs between MI bould ana MI
shonts was sald last hIsh' To ne L. l.'
'naupourhe' Jr'' MI hou!u Ia"NrC'
lie went To MI Shoh's' II was SAID
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talked matters over WIN MI fouId'
rms was III the race "l NE '"nid
statement |" lHE : Oh IuesdaF tHat
ne had made no oHet or STOCK 10 the
lnterDoroush ana thdt II" nua"n"d
representative oi ms hau uuhe SO
Mr. shoh's anu f!'har" 'ielh rogers
'alieu al tne "in'e "i the ruo'.' ser
wee commission YESTERDAY, proposing Il
way pN Whi'h 'he ''"uii "'"'hdot MAY
perhaps De 'f'u'hNeh'"d' oI at any rave
NJ taken INT" lhe 'our'S' iN'S Proposfu
'ha' ti' 'elti'i'a'' io' 'h'f" ta'N'iis
'"e etc'ateu INES ne iiaue out IN 'h'
nam" vi wv ih''' p''ou ihS'eau vi
thd' vi 'ne Mah'a'.ah runway 'o'h
pahE' anu SupihI.'eu FORMAL apph'