The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1872-03-27

VT BLopaETT, '' N'
A s. HEWITT,
SIGNIFICANT FACTS.
With the preamble and the first, second, third.
fourth, Nth, sixth ana seventh conclusions thereto
fourth section which, If meant to imply as its Ian.
guage does, that II subscriptions for large part OF
ns STOCK were nSt AZ rom .ne SOURCE a
could only be uttered by those who mad purpose
IN delaying It's construction. While such subscrlp,
business judgment supposed TO exist in the direc-
ton OF the affairs OF .he railroad and other corpo
ratons whose travel Will share in the benent OF this
road" 1t could lie dispensed with.
READ SECTION EIGHT OF THE ABOVE CIRCULAR.
"Why should the city not be called on to subscribe
except as last resource, ana why should the road
be butt without this aid at ALL II p0ssbleY Is this
for which they had sought authority from the Legs
lature-a work IN which the city, whose surscrlp-
ton OF $5OOoOOO they scorned, was directly inter
say decidedly not; but that. on the contrary. II
TINS guaranteed subscription OF t6,o0O,OO0 at the
mead OF their prospectus to induce other subscrip
still remaining on the mind 81 the author Of this
circular; but certain Is 1t contains no comfort
built Tne balance OF this remarkable document ex-
plains Itself so fully as to need no comment except
arrived at no further report has been made. The
nTst signature, however explains the Whole story.
ss the
mittee. have In this matter we DO not know except
that we learn that they are friendly to the road and
dent John Taylor johnston, 1t is different. The
construction Of this road would be positive injury
to Mr.. Taylor Johnston's interests elsewhere.
WHO IS JOHN TAYLOR JOaNsToNP
Mr. Johnston Is the President OF the New Jersey
million dollars OF real estate along the line Of its
road, which 1t has laid out in numerous towns and
could Be- e: Il this
the construction OF viaduct railroad in New York
city bringing the upper and lower parts OF the city
ana WESTMINSTER county within easy cOmmunlCa.
tion, and certain to have its connections
Island, would be an almost paralYzing blow. and
Mr. Johnston, In accepting the Presidency OF the.
these facts TO show how the want OF this rapid
transit in New York has already stimulated the
growth Of New Jersey we copy the eS
recently Issued by firm whose dealings in New
Jersey real estate, especially along
THE LINE OF THE NEW JERSEY CENTRAL RAILROAD,
have been, perhaps, the most extensive Of any
Other:-
But very few years since-ave years at the utmost
people jersey place residences CO.
om All ss S
lily. but MY Jersey simply Jersey the las. q ali
Then Pa part Of the state oOnsa%esqs New
S
as ss Of as 5 Of its
%sS,y SssS v.es:
S|spSn that jus; across The Hudson River there
- - AN 11NNiYsf CRY, ---.p4.- .~s,.
is s1:s soaP 7y
s y y.ss: ~:
q %sS ss,
that o Re- G Ssns ss
would ioaTsS siy Union: whss can
through daily, cent
20 sosse
has over three times the water front OF the city OF New
Of the 100 900 souls Lying IN this embryo city at lsas.
hn tine w1ye Of ses strongly
y forty
Souls divided 70 oeaon a hSS the f sRSS
x per cen. live in Orange county, New York.
cen; ys Esn%S9d New ySIS
per- i've sa"SS
2Sa< per cent 1--we In Long Island.
III per- per- cent i've the es city of New York
less than decade we for the r.. time fully realize The
sn s s SsSe numS. % Wc
the history Of the world makes mention. ' ''
We do not speak In any regret at this rapid growth
NEW YORK Has A SHARE IN NEW JERSEYS
PROSPERITY,
and looks towards these rapidly growing settle.
ments with an imperial affection, regarding them
as so many colonies that have sprung from her
oils, and contribute to It's grandeur and greatness.
But the property owners or this State have still
some rights which their representatives in the
Legislature are bound to respect. One OF the prtn.
clpal attractions which New Jersey offers to the
New York worker seeking q suburban residence Is
population enables her to keep down. In New
York, on the contrary, taxes increase through the
very presence here during portion OF taeir time
Of those very people who are tightening the bur-
dens OF our New Jersey neighbors. To sufer this
state Of things to continue any longer Is unfair to
the citizens OF this and the adjoining counties In
this State, and
THE LEGISLATURE OUGHT
to apply the remedy at once. That remedy Is rapid
Blase sasS S N1s ass Res xhya b ~
hibts director OF the Atlantic and Great Western
Railroad being director Of the Erie road, to the
present vladuct charter, and prohibit any director
or q New Jersey road being director In the
yiaduct road until after ITS cT.::nn,,e9n aaqIl
then Only Id q Minority! Or the present Ex.
ecutive Committee might execute O coup d'etdt,
repeal the present cnarter entirely ana authorize
the city itself to build the road Of once. No one
doubts the facility OF this last project, and 1t would
PROBABLY be the most popular. great work like
this, with which the prosperity OF the city IL inti
mately associated and which promises such sub
stantal return, ought to be undertaken by the city
and bring its rich pr0ts into the municipal treasury
rather than into the pockets OF private corpora.
tion. Even now the opponents Of this proper form
or rapid transit are working to postpone 1t indeh-
nitey, and among the foremost OF these Is the New
YORK Railway Company, the very company to which