The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1875-10-12
RAPID TRANSIT.
THE PRESENT PHASE OF THE GREAT ouEsr1o

THE PRESENT PHASE OF THE GREAT QUESTION
TWO IMPORTANT POINTS EXPLAINED.
1t cannot be denied that there is vast amount of
impotence among the public in regard to the practical
accomplishment Of rapid transit. So much has been
written and said about it by the Commissioners by
promoters and by engineers well as by amateur
perts that people tired of all this talk, and ask
''When will 1t all be over9 When shall have last
an elevated road Third and Sixth avenues' ?"
The dscomforts Of street travel make this impa-
tienco appear very natural, and there have been
many aborve efforts to solve the problem In the past
that there good many persons who sceptical
concerning the of the present under
taking Nevertheless, it cannot be said that the Com
mssioners have in any way delayed their work; the
contrary they only about it in order to
weigh every consideration that possibly
the subject and make of practical success
doubly by forestaing all possible objections and
difficulties.
WHAT REMAINS DE DONE.
At present their work is practically completed and
they will hold but few more meetings Mr.. Harrison,
the Mayors secretary and counsel to the commission,
is preparing the articles of association for the Manha
tan Company, which will be laid before the Commits
soners at their meeting next Monday The main fea-
of these articles be learned from the resou
tons OF the Commissioners already published in the
HERALD. One OF the principal conditions will be that
tho company will forfeit all their rights and franchises
If they do not complete the road IN the time already
agreed upon. II must be clearly understood that when
the Commissioners adopted both Second and Third
routes they did not intend that roads should
be built on both these avenues Their idea TO in
sure the building OF q road in Third avenue was
closed to rapid transit
BETTER HAVE ROAD on SECOND AVENUE
than to have at all, is what they said substan-
tally The articles Of association, therefore, will pro-
vide that If the road be built the Third
forfeiture shall attach to the failure of building tho
Second But II tho road is built the latter the COM
pany is still not exempt from forfeiture Of their fran
chises for failure to build on the Third All this Is a
practical enforcement of the requirement. TO build the
road Il possible, on the Third avenue and not on the
Second avenue And still 1t may be well that the Com
missloners have lett open loophole TO rapid transit
that the sickly and feeble bantng if he should be
killed or by Messrs Phillips and Hart on the Third
avenue, might still flourish on the Second.
There feature Of the report OF the Commission
which has not been understood by the Of the
peoplo-namey, the small capital Of 81 600 600 why
that isn't enough" great many say. But ihis
was only intended to bear the expenses
| OF THE FIRST SECTION OF THE ROAD.
The law authorizes the company to increase its capt.
tai from time to time as 1t may become necessary, and
IL would have been TOO onerous TO compel TO subscribe
at once five or ten times the amount needed The Com
mssioners required 10 open subscription book at
the Office Of some banker by the 9Th OF November. IL
is not likely, however that these subscriptions 10 the
stock of the Manhattan Company will amount 90 much
There is doubt that the two old comprehensive Gil
bert and tho New York-will build the roads under
their original charters The Manhattan Company was
only organized adjunct 10 the two older companies
If the latter should DO prevented from building the
roads under their old charters their capitalists still
build them in the name OF the Manhattan Company.
The intention of the latter was thus merely piece OF
legal faesse prompted by orethought In other words
If the Gilbert and New York companies should by
legal other obstacle be prevented from carrying
the work. tho Manhattan Company still go under
its franchise from the Commissioners In both cases
the capitalists will most probably be the Twenty
thousand shares at 500 each will form the capital OF the
Manhattan Company
The New York Company has already taken some
practical preliminary steps with regard the beginning
of their work on Third avenue. This week six
vassers Will visit every property owner along Third
avenue with view OF obtaining his consent These
supplied with printed forms Of three DIFF
ferent kinds-one for general consent without any
condition whatever the second for q road
in the centre and the third for one 10 road along the
curb OF the avenue. The company, after seeing the
| HERALDs returns indicated yesterday, does not
expect TO obtain the consent 'of tho OF
half in value OF the property as the law provides Far
from il They fully OF the objections which
the majority will raise But after having canvassed
tho ground thoroughly they will be able 70 60 before
| the Supreme Court show that they have failed to
obtain the consent of the majority and be ready 10
move for the appointment OF the commission which is
| to decide whether Third avenue a suitable place
for such road or not 1--WE mean business, said Mr..
Cowing, the secretary Of the New York Company yes
terday.
| THE GREENWICH STREET EXTENSION
Meanwhile II is gratifying 10 be able 10 chronicle
slight progress the OF the Greenwich street
road which is the only practical solution Of the great
question OF rapid transit THAI has actually been at
tanned II was intended to have IL completed by this
time Fortysecond street. but owing 10 the delays OF
the this pleasant anticipation has been dis
appointed, only for a couple Of weeks however. on
Saturday twenty columns set beyond Thirty sixth
street. and yesterday they had all been put IN their
places far Fortieth street. neat platform, hke
that Warren street. will be erected a. Forty second
street. and In about two weeks-three AZ the utmost
trains Will be run that point Mr., Wyman, the Su-
perlntendent thinks that within four or hvo weeks
trains will DO run Fifty ninth street. which WI DC
welcome piece OF news to all the residents OF that VI
cnity.
/ Eel IpSE 0E THE MOON.