The New York herald., 1875-11-09
THE MANHATTAN RAILWAY COM
PANY.

PROGRESS OF RAPID TRANsIT-PUsHINa THE
RAILS TO THE CENTRAL PARK.
Yesterday at noon, in compliance with call made,
the stockholders OF the Manhattan Railway Company,
recently organized with capital OF 50 OOO ten per
cent Of which has been paid in, met at the Corn Ex
change Bank to organize, by the election OF directors
in compliance with section eight OF the act This
section provides that the meeting for organization
shall be called by the Rapid Transit Commissioners
either by written printed notices served personally
or by mail BY some great oversight the secretary OF
the commission or some other person notified the
stockholders OF such meeting but failed to notify the
commissioners. Inasmuch It is the duty OF the
mission superntend such organization course all
action would be illegal II too late TO retrieve the
stupid blunder, consequently adjournment was
taken to Wednesday at noon-the meeting to be held
at the Corn Exchange Bank.
An erroneous impression has been given the public
By of the daily journals the commssoners'
duties under the law. They announce that all the
duties Of the commission with the election OF
directors The act, section o explicitly declares that
within days after the election or said directors said
commissioners shall deliver to said directors certif-
cate duplicate, verified by the oath of three
missioners before justice OF the Supreme Court set
ting forth the said articles Of association and the
ganzaton OF the company for the purposes in this
mentioned and provided for. The commission have
month under the law from the date of the election
OF the officers OF the company In which to turn
the corporation thus formed all plans, specifications
drawings books papers, &c and pay the treasurer
OF the company ali moneys collected after dedueting
the expenses incurred by them and the
amount due them as salaries, at which
time their functions cease and all proceedings
the courts TO acquire right Of way the hands OF
special commissioners appointed by the courts
be taken by the company 50 organized From this IL
will be seen that the commission remains legal bond
under the law from month next Wednesday
should the company DC then organized unless they i'm
mediaiely surrender the books, drawings &c, in
which case they are no longer legal board.
Since the opening Of the Greenwich street Elevated
Railroad on Saturday morning 10 Forty-seconu street
there has been great increase the travel upon the
line. On Saturday the company hlly-six trains
each way and morning and evening all their cars were
crowded They carried on that day 5,032 passengers
against 2 523 Tor the day last year. Yesterday
morning the the down trips crowded that
they all filled Thirty fourth street station and
200 way passengers al stations below Thirty fourth
street were lett behind to take the horse Mr.
Cowug, secretary Of the company, states that they
have i've new cars and two dummies ready to put on
and before the end OF the week they hope have suf
ncient rolling stock 70 carry al passengers who apply
day next, and within three weeks TO the corner of
Fiity-ninth street and Ninth avenue, block from
the Park They expect 10 make arrange
ments with the managers OF the Park car
riages by which these vehicles viii passengers
the depots on the arrival Of the trans and convey
them through the park and back TO the northern teri
OF the road for twenty five cents The Will
main at cents tor the entire distance from the Bat
negotiating with parties TO put line OF stages
connect the trains al Forty second street with
Grand Central Depot at fifteen cents for the two rides.
IL viii require ten minutes for the stage transfer and
twenty minutes for the steam transfer thus enabling
passengers to make the distance between the
Grand Central Depot and the Battery in
thirty minutes This will be quite a desidera-
tum for those who afford to pay so
high tariff, but the company would make money by
putting tho fare at seven cents Hundreds of persons
would prefer taking the Harlem boats at ten cents
from the bridge even Mott Haven TO Fulton ferry
han ~. atadn naItr
and the Harlem Railway Company Eve ten cents
The boats from Harlem Bridge can put passengers
down town quicker than they 60 by Harlem trains
stages and the Elevated Railway with two changes and
double the fare The company will make a mistake IL
they place the fare above seven cents Mr. Cowing
ports that the passengers carried last week g03
against II 100 in the corresponding week last year.
al Increase OF H. 500
Among the stockholders at yesterday meeting were
Messrs Courtright ol the Greenwich road C. X
Garrison John Tracy, OF the Chicago and Rock Island
Railroad John Ross, Horace Porter and Jose +. Ma