Perth Amboy evening news., 1918-03-27

per cent. interest on until after thu
war is over. When the war is conclud
ed, the Government assumes 90 pc
cent. of the cost of the improvement
as surplus cost due to the war, ant
We will pay to the Government the re
manning SO per cent. less what depre
citation may be in the property, In hv'
annual instalments. The Government
also wants us to extend our lines, or tt
build line on Avenue r from thu
point where this line already contract
ed for, leaves Avenue r, northerly tt
tie Lincoln Highway, where 1t will con
meet with our existing line, and the!
want us to operate the line from
Port Newark Terminal over the ful
length of Avenue r to Lincoln High
way, thence easterly across the Pas
sale River to point between the Pas
sale and Hackensack Rivers, to which
it Is stated the Hudson & Manhattan
Railroad Company Is to build spur
The theory being that between ou
line on Avenue r and the Hudson 8
Manhattan line, spur line extended t
this point, rapid communication cal
be had between Port Newark Terminal
Jersey City and New York.
The Shipping Board also wants
us to put in, or to operate addition
al cars to the Foundation Com
pany's plant, and the other indus
tries in the immediate vicinity lying
south of the Lincoln Highway. be-
tween the Hackensack and Passait
Rivers. And 1t is proposed thai
those companies, or the Shipping
Board, or someone other than our.
selves, shall put in switch tracks and
loop tracks on their property, sc
that we may have free ingress and
agrees to their properties, and this
requires, as well as the Avenue +
operation, a large number of new
cars. And between them all, they
break the back of the power situa
tion and require large addition
another unit to be placed in the
Essex station to take care of the
business.
Down In the Southern Division
similar assistance is desired by way
CT operation over switches and loops
to be put on the property of the
New York Shipbuilding Company
with a largely increased car service
there too, and to the shipyard II
Gloucester.
All this involves, for the use o.
these extensions, 1875 new cars, the
building of the trackage to which
have referred, and the installation
Of power both in the Essex Division
and in the Southern Division, tt
take care of the cars.
Commissioner Donges. Is there
new trackage required of you in the
Southern District?
Mr.. McCarter: Not new trackage
on our part. There will be upor
the part of the Shipping Board, but
not upon our part, except some spe
cial instances. 1t is designed thai
some of that service shall run or
two or three or four streets in Cam
den, and certain special work has
got to be put In to make the system
flexible. The total cost of all this
the details Of which. as I say, I will
give you to such extent as you may
require, at present prices, is So.
643,043.
Now, the Government, out oi
sheer necessity, has contracted with
us for the first unit along the lines
I have indicated. In their negotia-
tions the say. and say properly, thai
they have got to have this done
but that they must contract with 9
solvent concern; they cannot pu,
up the money, advance the money
that is to be repaid, or any part oi
which is to be repaid, unless they
know that the security is good
Furthermore. 1t is absolutely essen.
fio1 for Tho M rrxyipn o,,k - <bot,
plans, that the whole system should
be efficient, workable, up-to-date
and give as good service as the nat.
ure of the industry will admit.
Mr.. Hermann: May I ask ques
tion there?
Mr.. McCarter: Yes, Mr.. Herr.
mann.
Mr.. Hermann: You have spoken
of one arrangement with the Gov.
ernment in Port Newark. Have you
any other arrangements with any
other Of the Government agencies
for the advancement of money
other than you have referred to?
Mr.. McCarter: Not to date.
MIR. Hermann: Are there any
other negotiations?
uT' MCSdICcFs cbs IucT0 are
I should say there were; they have
had two gentlemen upon our prop.
erty; they have had a Mr.. Drum
who is an expert electric railway
engineer from Chicago; he has
made q thorough examination oil
our property, from the standpoint
of the Government needs; and they
have had Mr.. Darlington, who IL
Mr.. Drum represents the Shipping
Board and Mr.. Darlington repre-
sents one of the other branches
the Priorities Board, I think, of the
Government, or one of the branches
of the Government. He has beer
making a similar examination.
Mr.. Qilmour: War Industrie!
Board.
Mr.. McCarter: Mr.. Darlington hal
been making an examination will
regard to the electric power requir
ed. We have tried to dove-tail IL
these two requirements, we hav'
tried to get these two gentlemen to
gether, so that one won't make ,
huge demand for power, and th'
other for railway power, when tn,
two might be- combined, and botl
of these gentlemen have availet
themselves of our reports, the re
ports of Mr.. Osgood in reference t.
the electric situation, and of Mr.
Danforth, with regard to the rail
way situation, and are prepared t,
make recommendations.
Mr.. Hermann: Is there an!
probability that the Government
will give you further aid than yo,