The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1875-03-09
RAPID TRANSIT.

RAPID TRANSIT.
MEETING OF THE SUBSCRIBERS TO THE DE-
FERRED CAPITAL FUND-oBsrAcLEs TO TIE
ENTxRPRIsE-A. T. STEWARDS OPPOSITION
WILLIAM B. AsToRs PosITIoN-MEETING OF
PROPERTY OWNERS.
meeting OF the committee which was ap-
pointed last Thursday from among the subscrlb-
ers to the deferred capital" fund Tor the building
OF rapid transit railway by private corpora
ton was held yesterday afternoon in the rooms OF
the Chamber OF Commerce. The purpose OF the
meeting was TO arrange for the organization IN
due form and coherency OF the citizens who are In
favor OF the achievement OF rapid transit. who
think IL can be accomplished through the means
proposed by Mr. James NJ Drake, and who have
determined to adopt that means. There was
Interior purpose to make arrangements ior-the
organization of ward clubs In favor OF rapid tran
stt-but during the meeting 1t was determined
TO leave this duty TO the regular organization.
the meeting was called 10 order at about half
past two O'Clock by Mr.. B. L. Alderman, who re-
cited the authority under which it was called
The minutes OF the meeting neid By tine original
supporters Of the deferred capital" project on
the lst of February we're read by Mr.. c. Ii. Roose-
welt, and then that gentleman asked to be relieved
from the duties OF secretary. He nominated Mr..
".
and explained that he desired to be free from OIL
cial position for the reason that ne had some
lutlons to submit Tor the consideration OF the
meeting. After some discussion. during which
that able parliamen tartan, Mr. Jacob Conen, talked
often and earnestly Mr.. Roosevelt was
permitted to retire from the ONCE OF
secretary and MIR. Brown was elected 10
ill the post temporarily. Mr.. Roosevelt then took
the moor and said -In view Of the fact that some
thing should be done toward accomplishing rapid
transit, and reco0nzing tnat this association
should do that something, have drawn the lol-
lowing resolutions" de read series OF resolu-
tions which, alter he had ended his reading 1t was
determined by the committee to take up one by
one. The resolutions were accordingly read and
acted upon separately. Some OF them were
| amended before adoption, and one which Mr..
Roosevelt read in the series he withdrew from the
consideration or the committee, to reserve 1t Tor
the consideration Of the regularly organized asso-
cation. The resolutions as adopted read as iOl-
| lOws:-
Resolved That In view Of the fact that rapid transit
to M Sn @ $ @ AXE ei
steps to make organization Of citizens to further the
s Nea
president three vice presidents sscre,ary treas,
rs @ OF five
legislation of three, tc be chosen from the board OF d.
Resolved That when this meeting adjourn It adjourn
|
to attend the meeting to be held at that time and place
| Resolved That committee OF our be Apo ned
ascertain where and at what price a room can be
r OF s
an ara SUCH a be o to s
port at the next meeting ana that such committee ut
| citation.
| Conen, who had remarked that lie knew las much
parliamentary law as the next man, moved chat
| other organizations whose purpose Is to effect
| rapid transit. The motion was adopted, and the
point the members OF the committee Of confer.
| ence. In prelacing his motion Mr.. Cohen declared
eject rapid transit. the people VINO desire that
| boon must "do business" He had already pro.
cured subscriptions to the amount OF t21 900 upon
this paper, and had also set at work to procure
| further subscriptions from several OF the gentle.
men who had pledged MIN their names as lndi-
vldua representatives OF goodly sums OF money.
to establish :he "deierredT capital iund.n MIR.
Jacob Cohen's remarks were received with en-.
thusiasm oy the meeting. They also called out
| remarks from Mr.. Roosevelt upon the financial
prospects or the association and several other
topics. MIR. Roosevelt said that orty subscription
lists had been Issued since the last meeting OF the
supporters OF the deferred capital fund.-" but
that only Jour OIL the holders OF the lis have
ported definitely the results OF their solicitations
| OF subscriptions These four report that they
SIoO, 600 Ii the other tnirtysix subscription lists
showed as good results proportonately
proe eS the an Of sssn
will be overcome. the people would be astounded
to near OF the numerous avenues through which
| runs opposition 10 rapid transit. Some OF 1t Is
not open and decided, but 1t has effect You go
to great capitalist to speak OF rapid transit. He
| agrees with you thai rapid transit would be very
beneficial, but pleads that he has not the time to
urge it on. and does not give any money TO assist
| wishes to see the movement well started before
he takes part in 1t. He has interests in New Jer-
eey or city railroads which restrain him. 1t Is
TACT that we must depend upon the great apita-
lists 10 aid us IN procuring rapid transit. We must
rue remarks or Mr.. Roosevelt drew out speech
| from Mr.. William II. Morell. This gentleman said
That as the scope OF the meeting mad WIDE
range ne desired TO say something OF general
character In relation to rapid transit. lie ned
In his hand copies Of the Vanderbilt and Gilbert
charters, which he said he had analyzed and found
| Imperative. He had seen Commodore Vanderbilt.
who had SAID to him In response to question
relative to mis- charter "Of course 1t Is extinct"
The Vanderbilt charter provides that under
ground railroad shall be built four eet above tide
water and that cannot be. Commodore Wander
bilt was reported, at a previous meeting Tor rapid
transit In these roo lis, at which ! was present.
transit" lie did not say that to me This motn-
! Ing He said that there had been Oil before the
now be rapid transit railway rom Fortv-second
street down town. The 0iGiculty to connect the
Forty.second street depot with the lower part OF
the city BY rapid transit railway Is that the
! property which must De passed oy the railway Is
TOO valuable. 1t cannot 60 through Broadway or
ery, because that capitalist viii oppose
IT.. lie defeated the Broadway railway
| sCuc mc Wy purchasing us TdhcnlSe. lie
would spend millions in opposition to q
rapid transit railway meant TO run on Fourth
avenue. l have been to see Mr.. william B. Astor
IN relation TO the matter OF rapid transit and he
affirmed TO me that he Is thoroughly desrous oft,
not only north and SOUTH but east and west. sand
he, speaking OF rapid transit railway IRON END
TO end OF the CITY, Give up an avenue to IT," Mr..
H. B. Cafiln, YOU know, Is III favor OF your project.
lie has property In Westcnester county, TO enhance
the value of which rapid transit Is important to
him. Nj. Claim was at your last meeting aud
should have been utilized on some committee.
Mr.. MOrell said In conclusion that 10 procure q
rapid trausit railway the purse strings Of the
great capitalists OF the city must first be pos
scssed.
Waen Mr.. Morell had ceased speaking the
chairman OF the meeting announced that the
committees ON Constitution ana OF Conference
| were to be made up as lOllOws:-
| Committee OF COME ence-Messrs. william H.
! More, James N. Drake, jacob Cohen, L. d.
Roeder, John Hayln and b. L. AcKerman.