The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1869-11-08

rerpeniage on Invested capital. 20
Railway can be made--with the most tremendous
profit at that--to iuiGi both conditions OF the
carnage. which viii be enormous in the
matter Of passenger carriage alone the project
Is capable Of tsog TN the N % n aGS
ana were the passenger tariff TO be put at three
cents instead OF i've the profit on capital invested
wonli be twenty-five per cent; at TWO cents Iarif It
would be eighteen per cent; at one cent it would DO
fourteen per cent-shl an adequate and paying
profit on capital invested. 1t IS seen therefore. tnat
transit from the Battery to the Harlem river III NJ
teen minutes, OF an expense of one ccut, is an
attanaIle thing instead q utopian idea; eva,
these conditions. At s4,tao,ooo per mile seven
miles OF tunnel. from, tho Clty Hall 60
route, would cost S3l,500,OO0 upon which, real
izmg ten per cent, the dividend must 10
10 on wc aaa sS3poOy yn o e @ 5
is aggregated. This sum must be eEed from
4o0Oo,00o OF passengers. proving that tariff less
Underground, quite lmpractlcable with which con-
clusion the Topic may be dismissed, the inference
being that the Arcade project Is the only one at
present before the public by which the conditions Of
the problem can be answered. 1t would De useless
70 protest probably but should the Legislature ever
9! ten and liteea cents tie passage OF
tAe bill WIN be worth more to US coIpo-
the Pacific Raiiroa1 with all Its prospective busi-
ness. The facilities New York must haye-gulc4
GuHSit UfU tU HHfWt--bHE VIC inOH0Eoiy Wy u btbc
caution may be avoided. High tarills have bean
proved by The statistics OF the railways OF Belgium
as compared with those OF England, TO be fallacy,
even when considered as to the question OF profit;
and though the rate is ia eonsonancc with American
rates in the way OF railroad tarlf 1t behooyes the
Stale fathers 70 investigate before voting that cor
porailon shall net 81. o00,0 900 yearly capital
employed OF about $40, 100000. The road New York
must have; but the tariff Is too exorbant
TIE GIRDLE PLAN,
as brilliant In Its wcy as the arcade project remains
70 be noted ana Is due TO The Inventive leeun,ty Of
fhn In kt,tl, iYsr
OF Jour track elevated railway, encirciny the city
on the exterior netbat IS. from the Battery nor.h,
via the Hudson river balk on the west and VIA the
East river bank on gae east The design conslsts OF
O series OF iron columns, making SORT or co!Imni-
atei border, for the city. between, which VIII
cade, though not under surface, are lad
roof of this elevated arcade. and handsome
ratings are erected az the sides by way OF breaking
nulifylng tho sense OF swinging IN MD air. whoa
would affect the passenger unpeasan.ly were the
surface TO be left open. With new system or piers
and wharves, Ike that proposed by engineer hyde
or by General Viele hlmsel, this oversuracc arcade
might be built for about $i,25o,ooo per mlle aad
would form q complete glrde OF quick asst,
road ana its immense patronage, passengers might
be taken up at the Battery and set down ut Barcn.
or taken up at the Battery and SCI do%n nc Cock
E,ii Fort. at IN expense OF three or i've cents,
eleher OF which tarihs would render the route
source OF profit. The idea is a practicable one-a
sight OF In any discussion oil the qaicA transit ques-
tion Tor with the arcade as central line Of ayc.
and the girdle on the two extensive lines,
the problem OF norLherly travel is soyel,
no matter how densely populated and busy
or circulation Manhattan Island may hereafter
become Tho capacity Of the two is equal 10 the
possible capacity OF the area Tor business purposes
aud density OF populatlon and IN them the solution
o. the problem OF rapid and inexpensive popular cir
culation Is attained. With due caution ~ to tar.
rms on the part Of the Legislature 1875 viii open
with transit from the Battery to Harlem III fifteen
minutes 1T an expense OF three cents, and Sew
York's tenement house population VIII pe
poured Into the suburbs BY tens OF thou.
sands. Quick transit gloria nsaadl Is the
motto OF the age and It will be seen
THAI the welfare OF the city depends upon The reaIi-
cation OF the motto TO Its utmost. Then, with the
horse railroads compelled to adopt the arcade
system, the problem OF the surface beauty OF the
streets and avenues OF the CITY may be solved with
perfect regard to health, comfort and convenience;
ana all this VIII come about by natural eyolu ION
within the next ton years. The opening OF 1882 VIII,
u may be predicted. iind all these outline OF the
future fliod out IN practical color; and how many
more is question upon which no foresight can or
had best hazard Its reputation for sanity.