New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1871-03-07
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SPEAKER HITCHMAN's BILL FOR A CITY RAIL
ROAD.
TO me RditOr OF The Trfbune
SIR: recent correspondent OF yours
assert. that the financial argument Will at last control
the question Of city steam transit and falls upon the
conclusion that such railroad can only he built by the
public authorities and by the process of taxation and
the use Of the public credit He also classes all the Other
plans than the one he advocates as monopoles Inc
nnc NAV DO interested learn that the bill introduced
py SPEAKER Htchman IL pressed, will secure the build
ing OF an adequate substantial railroad without resort 10
Taxation ana without establishing monopoly HIS Dill
xoud INCORPORATE The New-YOrk Railway Company,
without legsating into Office its directors or allowing
anything TO be done on the work until the capital
which ia 10 build the road selects its board OF direct
ors The bill does name certain corporators made up
Of capitalists public citizens and railroad men, who VIII
build the road, If nobody else will but the sct only
names them for the purpose Of opening SUBSCRIPTIONS 10
the capital stock Of the Company by pubic advertise
ment taking oil subscriptions which ten per cent Is
paid down at the time, and holding the nrst eec'lon
Thus the enterprise is thrown open to ell the Wor-no
ononoly il established taxation becomes necessary
Again Sneaker Htehman's bill avoids the rocks ana
shoals which swamped the Underground ana 1Ieeh"Ich
., enternrises and will swamp all other enterprises IN
which the Legislature shall attempt to prescribe before
hand the precise plan or location Of the railway
That such d railway is feasible is admitted by every
OF which is feasible but the proper place TOT the eee
tion OF the best plan in the Board of Directors elected
by the capital which Il 10 build the road-not
OF the @,slature not conclsye OF real estate
pecuators not the ingenious brain OF some enthusiastic
engineer not the lobby Capital Is both sensitive anu
sagacous 1t calls around itself practical experience
and sueeessfu not merely theoretical talent ana solves
the problems presented by geographical and business
necessities This principle IL ayailed OF III speaker
Hchman's bin which at the same time PROVIDES Tor 'ne
public security all the guarantees that private ana pube
inter.ss demand IL indicates the general character
and route OF the road, taking for the modei oil
the former the general features OF suostah.
tial. elevated road, built through the center o.
the blocks on property TO be bought oy the
comnany for the purpose and leaving TIE latter y pe
deanItay nred by the Governor, the Mayor ana lhe
p,asideX Of the Company when elected under tne gen
eral regulation that Il shall begin at the battery run
vest II broadway sixth-aye, and SentfA Iark u
snnvtsn DuyyeI Greek, with a branch below twenty
.rth.t 10 east OF Madisonaye and thence 70 Harlem
piyer II aIao provides for crossing the streets on
hrtdes The abumens OF which are to De nsde OF tht
front line of the houses thus avoiding lnterference win
the gas and water pipes ana e"ers' ~ nv
tret from their present In the accommodation Of
vehicles but, the contrary TO Open new street ~
pryat. ekpynso FOX rapid transit The 'hruhgea c"nu