Evening public ledger. [volume] (Philadelphia [Pa.]) 1914-1942, 1914-10-31

Of the line from 14sd street to Bronx pars
was ebout s5,700OO0. "rA
1t will be noted that the aEgrsrat. r,..
in land value in Manhattan from ,asts
street TO Spuyten Duyvil and IN ~.
Bronx due to the building Of tha ,nhs
way was Sso5Oo,0O0. The cost of the Az.
tire subway from the Battery IN snn,,,t.
Duyvil and the West Farms branoS ~
Bronx Park was only s4s.ooo 900.
WHAT EXPERIENCE sRowH
West Philadelphia is prontins larp.,v
and disproportionately to other section.
Of the city by the advantages. s1orSss
by rapid transit. It is becoming a Ms
city In itself. w
Large and prosperous shopping distr,oA.
rave sprung up at SD and Market rtrs.+.
and Goth and Market streets, with tbses
tres, banks, stores and other industrie,
The present rapid transit line runnInv
to West Philadelphia has In the last "a
years diverted and concentrated the oItvss
growth largely to West PHILADELPHIA
This section Is now we'll built un ana
wants ready access to the other sections
Of tho city which the additional bishs
speed lines will afford.
The people of the other sections OF ths
city are aware of the advantages already
gained by their neighbors in West PhIIa.
delphia, in which they should share.
The people of West Philadelphia ara
travelling with comfort, convenience ana
saving of time, which will be largely In.
creased to them when the additional lines
are built. These are all features which
contribute to general prosperity.
JUSTICE FOR DOWNTOWN. ">
The people of South, Philadelphia Justly
demand that they be placed on basis OF
equality with their neighbors.
The South Broad street subway. not
counting the passengers from North Phil
adelphla, will effect a saving in time for
A30OO people daily. including those who
live tributary to the surface lines acting
as feeders. -.
The present Market street subway.
elevated line saves time for 165 900 people
daily in West Philadelphia.
The Broad street subway line and
branches and delivery loop, which will
serve North and South Philadelphia. will
cost only $35,O00.0 900.
or this cost, the section south of -Sprlcs
street will cost about S5,OsO,OOO
WISE OUTLAY BY CITY.
The construction OF the Broad street
subway is undoubtedly a wise investment
for the city, as it will involve an annual
Interest anu SINKING Iunu CndrSe OF only
65 per cent on about S5.OsO.OOo, or s3So,o0
per year. Under the pending constitu-
tional amendment, If ratified by the
people next year, this annual fixed
charge will be reduced from 65 per cent
to 8 per cent. by a reduction in the
annual sinking fund charge from 2h per
cent. to per cent. This would make, ths
annual fixed charge on the investment in
the South Broad street subway only
$4,000 per year, OF course this is In
addition to the annual fixed charge on
the delivery loop and on the North Broad
street subway and branches, but ths
total fixed charge on the entire Broad
street line. including delivery loop, as
stated In detail in a previous ISSUE will
only be s234O0OO with the existing Con-
stitution and S1.75o,O00 per year with the
adoption of the pending amendment
thereto.
ITEMS OF PUBLIC PROFIT.
The following are certain items In ad-
dltion to the net income Of the Broad
street line, which may be used in con-
sidering the additional Indirect offsets
to the annual fixed charge:
l. Annual saving to South Philadelphia