The New York herald., 1869-06-18
THE HANSON CAB COMPANY.

Subscriptions for St0ck-WbO the Subscribers
Are-General Programme Of Proposed
Operati0ns-Rates Of Fare and the Number
Of Cabs to BE Run.
OF all the schemes devised or sought to be devised
or suggested to secure speedy, comfortable and at
reasonable charges transportation from one sec2ion
OF the city to another and to the fartnest inhabted
portions OF Brooklyn the Hanson Cab Company
gives every assurance OF being the wisest and the
most practIcable. Since the incorporation OF the
company there has been no lack Of effort to secure
subscriptions Of the necessary stock to enable the
commencement OF operations. AS is well known,
the capital is $25O,OOo which is divided into 5000
shares of nifty dollars each, with power to increase
The proposition is to commence operations as soon
as 1000 shares equal to $4,000 Of stock at par,
shall have been subscribed for. or this amount up
10 yesterday afternoon subscriptions had been re-
ceyed for $40 600 of the Stock and within ten days
subscriptions for the required balance will undoub
edly have been entered on the company's BOOKS
The scheme, therefore, may be set down as no Ion
ger possible or contingent but as an established
fact. A feature specially worthy Of note is limiting
the sales of the shares Most OF the STOCK has been
sold in ten fifteen and twenty shares, the desire and
determination being to give as many an interest IN
1t possible Most all OF our leading bankers, mer
chants and other classes OF business men are sub
scribers, as Duncan, sherman Co., Brown
Brothers. jay Cooke IL Co., J. q w. Seigman Co.,
1t ls the present expectation to get tne CABS OF
this company running by the first OF next month.
There are earnest ana practicable men entrusted
with the management, who Will lose no time IN de-
monstrating to the public its feasibility The pro-
gramme is to employ dfty cabs with with, use Sc OF Two Two
horses for each, to be employed twenty-five hours
daily. Each cabman is to return 81 per
day the excess made over this TO be his own. This
IL a preliminary arrangement ana IaDe 10 De
changed, Its object being to form basis upon
which TO calculate the expenses and profits. The
company propose to have two thousand hansoms
and cabs running by the end OF the present year.
The charter provides that the fares shall
be as fOllOws:-For any distance within and not eX
cents; and for two persons, forty cents. For any
distance additional to one mile, Tor eacn mile ana
fractional part Of mile, Tor single passenger
thlrty cents; and for two persons forty cents. For
any time within and not exceeding one hour Tor
single passenger, sevenyfve cents; Tor two persons
one dollar; and for any time additional, Tor each
hour and fractional part OF an nour. for single
person, seventy1ve cents; and Tor TWO passengers,
one dollar In addition to said fares, as here set
forth the said drivers authorized to demand and
receive one-half of the same in addition when the
passenger passengers are 80 conveyed 0y them be-
tween the hours OF twelve O'Clock IN the evening
and six O'Clock In the morning. No driver OF q Gao
belonging 10 SAID corporation who Is stationed at or
near a railway station, steamboat landing or ferry
shall leave the seat OF the cab on the arrival OF the
cars steamboats, or ferryhoats, nor shall he leave
his stand till he shall be engaged by passenger or
some person authorized by passenger. The above
rates OF fare cannot be increased but the directors
In the interest of the public at large and snarehod
ers intend reducing the price a. soon as praccable
to twenty cents per mile Tor one ana twenty-five
cents for two persons and fifty cents per hour FOL
being to give the inhabitants OF New York snt
Brooklyn the beneft OF good, commodous and
quick travelling, rates which will place the veh
cles within the reach OF al