New-York tribune., 1873-02-26
LOCAL MISCELLANY.
RAPID TRANSIT ASSURED.


CRITICS or THE GILBERT ROAD REvIEwED-THE
PROJECTORS DETERMINED To FINISH IliE
WORK QUICKLY THEIR FINANCIAL PROS
PECTs.
Tn view of the many conflicting reports con-
cerning the Gilbert Elevated Railroad which have been
circulated during the discussion OF the City Rapd iran
sit scheme TRIBUNE reporter called, yesterday upon
Messrs Foster Hoyt, and Mckinney. the President wee
President and Treasrer Of the Gilbert Company TO OBJ
tain official information Of their plans. They said thai
the statements made at the Rapid Transit mass meeting
at Cooper Institute, last Friday evening, and since
published in pamphlet under the auspices OF
the Rapid Transit Association, convey AiSe
impression which glance at the charter of the Company
Will dsproye Mr.. Church said at the meeting (holdng
ia his hand the charters Of the different companes)
that the people would compelled TO pay 10 cents Tor
ride on che Gilbert road and In his pamphlet he says
that IL will cost a cents TO pass from one END OF the
island 10 the other and to return This tho OnlclaiS
say, must have been intentional Misrepresentation,
IL he had read further he would have seen hat
during six Of the best hours in the dayrom to a. n
and from to p. NIT distinctly provided that the
Company shall charge only half fare. Thus the working
would be relieved from the daily tax which he de-
scrbed as 80 Onerous They also say that the projectors
OF the city scheme know that the fourrack road on the
west side Of the city Will 10 Of little benefit TO persons
living on tho east side and will carry only small pro-
portion of the millions upon whom the largo revenue
from low fares will depend. The Gilbert elevated road
on the other hand, will accommodate equally the east
and the west sides. and will at tho same time afford
equal accommodation to persons entering the city by
any OF the railway or ferry lines.
The officers also say that the ability Of the Company TO
fulfill their promises Is no longer doubt The route
has been located by the Commissioners one OF WhOm Is
now Governor of tho State. Plans have been designed
which meet tho approval Of eminent engineers The
vaduct Will be light, airy, and impeachment 10 the
streets through which IL passes. The light to buildings
will not be obstructed, but the road VIII be bult 30
strong that trains be run upon it Win SAFETY at 10
miles an hour Stations will be located every half mile
along the entire route both the east and west sides
of the city, The road Will have double tracks so that
down trains on one side will he trains the other and
can follow each other at intervals Of about five minutes
with many may be necessary Tor the accom-
mOdation of the public Contracts have already been
made by the Company with three OF the best iron esaD
shments the country for The building Of the first 10
miles, from BOwng-green TO High Bridge, upon the
side and it intended as soon as tba IS copteu
when well under way, to also put tho Inc on e east
side under contract. The spans OF tno srugtFc are 10
be Sc feet IN length Ga IN the clear aud Capable OF
sustaining . weight Of 400 tons to each span Inc
span will be two 80 t0n locomotives passing
each other, which would leave safety factor
up 20O0 pounds tO the square n0h without settng
and will also bo te3tod % 1900 pounds 20 tho SQUARE
piece Hat be tested also y 900 pounds to the
square inch IN tension ANA 5000 IN compression Eacn
inch. Under the contract any piece of IRON not coming
to these tests without setting to be rejected 1t Is the
prOesscd intention Of tie Company to build hst-casS
road, character has never b0on attempted,
except on bridges for crossing streams.
Thc capital stock the officers say - already taken by
about the prominent capitalists and business
men Of EowYOr, and the hrst SjJOJO00 Of the bonds
nave negotiated in London with an English com-
pany whose standing and position Is such that prudent
capitalists have confidence ia their ability 10 fdhl
the contract to the letter IN furnishing money upon the
bonds. Tbo Is TO be placed IN this ciJy II trust
for the company within the next 30 days. ana Is 70 De
paid company the goes on upon tile llne
The subscriptions 20 tho capital stock are al 70 DO ll IN
that the company have their arran Seens
cOmpcted Tor ueariy s3O000J toward the construction OF
the hrst miles OF rOadA to DO IN hand III three or
four months. There are at work IN the different
manufacturers about 1900 preparing the lrun Tor
tho structure. ana IT Is e1pe Cd that enough WIZ DC
ready by August sept Tor the hrsJ HNo miles,
and FOR tho ton miles b. OciODer or SOyemOer. IDS
Will include the platforms, starWays aud everything
complete The road Will be put MP ut tho rate Oh from
One-ifth TO One-quarter OF "A mile q day. - ,
Tle gentlemen with whom the reporter TAXED Sald
chat they especially desrOus tBat the public ana
the Legislature sHOuld understand that, Whatever be-
hand bOunn on to completion. TIE only elect
produced this scheme By other projects was a
it depreciation OF the bonds owing 20 doubt among
CAPITALISTS whether rapid transit roads could DE
mado paw Tuoy reasoned that tho surface roads ana
stl-es now In operation would continue to receive
large proportion OF local patronage ana That no accurate
compensation vi the earnings vi steam road cOdld De
made IN advance OF its construction Tue hyurc5 OI the
Rapid Transit Association based upon tue supp0si
tio hat the roads would at once cease Oper-
atiJu and that the eutro travel the city would DO
concentrated upon tho new road.