The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1875-04-14
RAPID TRANSIT.
MEETING YESTERDAY OF THE NEW YORK RAPID
TRANSIT ASSOCIATION.


MEETING YESTERDAY OF THE NEW YORK RAPID
TRANSIT ASSOCIATION.
The New York Rapid Transit Association nel1
meeting yesterday afternoon 10 the Board Of Fire
Insurance Brokers' rooms No. 1e2 Broadway.
Owing 10 the nclemency 81 the weather but lew OF
the subscribers were present. The object OF yes
tercay's meeting was TO elect board OF twenty
five directors.
Mr. Cammana called the meeting to order. and
Mr. Nathaniel r. Bailey elected chairman,
with Mr. Ii. II. Cammann as secretary.
After some routine business the nominating
committee recommended as candidates Tor direc-
tors:-
Horace b. Claim, John b. Cornell. John H.
Caeeyer, George w. earle ton, John II. Sherwood,
Philip Van valEenDurg John II. Lee. Christopher
Meyer, Alonzo q. cornell, Hiram w. Slbley
Grlnitn Rowe. Charles L. Livermore, Charles But
Ter, George II. Bissel, Lewis G. Norris, Edmund A.
Smith, Lewis J. Philips. Aaron Raymond, James
M. Drake, James T. Kelly, Nathaniel p. Bailey.
motion was adopted whereby Messrs. w. II.
Morrell, H. Ii. Cammann Charles H. Roosevelt and
u. l. Alderman were added to the lsE given
above. 1t also resolved that IN case any OF
the gentlemen nominated should decline to serve
on the Board Mr.. john Haven should be appointed
Mr. Roosevelt moved the postponement or the
directors election until sucn time as might be
subsequently determined upon. The motion was
Mr. Roosevelt on benalr OF q committee OF three
tnat had been appointed, reported having pre-
pared and sent on 10 Albany Tor legislative acton
there scheme which was designed TO become u
Law. the principal feature OF his project was
tnat any railroad COM any organized under the
laws OF this STATE should have power to build q
quicK transit road Ia he city OF New YORK. either
unoer ground, on tine Eround, or elevated, round
or through tue city where inc real estate proprie
tors along the route might approve OF IL lie mad
read TINS intended enactment IN Albany. but the
| leOi
waited comprehensive laws, and reported two
bulls one OF their 0m connection and another put
forward by Mr.. Prince.
IL was proposed TO have mass meeting
IN the Cooper Institute. 70 further the
we VS. or the association. In connection with
THIS idea, MIR. Morrell read q note from Judge
Davis, enclosing the following names as those OF
gentlemen who should De a committee on the IN
Tended pubic demonstration. nessrs. Cohen.
Drake. Kemp, haven, Morre. Cammann ana
IL was resolved TO lay IL upon the table. Mr..
haven moved that subscribers only should have
wood thought each vote snoula have representa-
tive value. A subscriber Tor $1,000 ought 10 nave
one vote. and $4,000 hareEoluer would have
! nvc votes. He concluded his observations by
| making motion III the sense that each 500 or
| STOCK should be entitled TO a VOTE
| Mr. Conen, III speaking to the motion, thought
/ that under certain circumstances IL might be
| well to limit the voting; but this is volunteer
association for the purpose Of raising 900 TO
| erect rapid transit railroad. II the association
continued IN course as it had begun the
mone7 would be raised but II it were intended TO
convert the association INTO
JOINT STOCK AFFAIR,
members holding different amounts OF stock
would grow Jeaiods OF each other and the scheme
fall 10 the ground.
Mr.. Morrei reported an interview with Comrno-
dore Vanderbilt In which tnat capitalist stated
his approval oil this associations pian Mr.. Nor
rell was glad 10 know that
VANDERBILT APPROVES
OF the present undertaking. 1t was thought last
time his bill before the Legislature that IL
defeated because the pubic imagined he would
neglect TO comply With the requirements or the
proposed law. the press or New YORK was against
Vanoeroilt becaus, he wanted TO pass the news
paper oftces AID terminate the road under the
HERALD OFFICE WINDOW.
The press did not like this, therefore IL was
do upon the plan.
Mr.. Morrell had consulted with Messrs. ]. A.
Aston, A. L. stewart and others, as we'll as with
Mr.. Vanderbilt; ne therefore did not speak under
inspiration from the Commodore, but thought that
So 00J 900 they could Get $1,000 0o0 and there is
no doups but Il they had the latter amount Mr.:
Vanderbilt would come up with his powerful aid
aud nelp the thing through
AIR. Drake reported having found among
BANKERS ana otner substantial classes or citizens
the best DISPOSITION 10 the world to cooperate
with TINS association.
Mr. Con n reported that he had received $500
subscription; would It De Well 10 accept small
sums IN this way, II large capitalists o0y with
in the van de thought 1t already too not. IL
was tnen
Resolved. That all votes given mus, be either in per-
by proxy.
Mr. Morrell read the following list OF additional
subscribers which he had obtained :-Jonn IL.
Cneever: No. 50 Fith avenue $4,000; Edmund A.
Smith, No. 226 MADISON avenue, $4,000; Andrew
Raymond. No. TO Fifth avenue. $4,000; charles
Butler, No. IS Park Place. $4,000 tconolrional
upon the subscription or $780, O0J) w. IA. Nor
rel No. 81 West Twenty .fin street, SIS, 600 addl-
tIonal. making with former subscription $4,000;
Gouverneur Norris OF Bridgeport Conn.,. 81, 900; n.
r. Bailey, No. IL West e2htn street, So 900;
II. II. Cammann. New York, 81, 900; L, @. Morris,
Fordnam. 1900; Henry Lewis Morris, No. IS Pine
street, $1,000; Leigh y. camp, No. 156 Broadway,
S1,0u0.
A motion was adopted asking members 10 send
In subscription lists % the secretary, so that ne
could make a complete one OF the whole.
A motion was adopted TO adjourn Tor one week,
at same time and place, and that the secretary De
instructed TO issue notices 10 all members, with
the view 70 having full attendance.