The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1875-10-03
RAPID TRANSIT.

THE QUESTION or PLANS sETTLED-THE MAN
HAITIAN RAILWAY COMPANY TO DE ORGAN
IzED-sYNoPsIs OF THE FORTHCOMING RE-
PoRT-THE FORM OF STRUCTURE on THIRD
AvENUE-AN AUCTION or ''oLD RUBBISH
YESTERDAY.
The commission rapidly drawing their duties to
close and although under the they have until next
Wednesday to promugate their plans they have already
settled that portion OF their work. and Indicated in
the HERALD yesterday the specifications the plans
have gone TO the printer and viii 90 embodied in an
official report to the Mayor Monday unless some
thing in the meantime to justify changes, as
have twice been made within week. Their report,
has frequently stated in these columns will dis
appoint nearly all the inventors who have presented
plans for their consideration The commission in their
specifications merely describe certain details TO
struction and allow the New York Elevated Railway.
the Gilbert Elevated Railway and
THE 'hfANHATTAs RAILWAY COMPANY
which they organizing under the BILL to
all that portion of the route not provided for by the
charters OF the two first named roads, select such
plans as may conform to the specifications 1t may be
stated the authority of President COPYRIGHT of the
New York Elevated Railway that all broad avenues
streets like Third avenue option is given the
company Uor instance that portion Third avenue to
be built by his company to erect single column road
on either sidewalk, double column road spanning
the present horse tracks " says another author
ity 'the latter plan be adopted by the company on
Third avenue the specifications provide that eighteen
inches clear be left either side between the columns
and the sides OF the
THIRD AVENUE PASSENGER cARs.n
The columns to be not than fifteen inches in
diameter, and the whole not to occupy over
twenty-five feet six inches. This will leave on Third
avenue which is sixty feet WIDE eighteen feet nine
inches on either side between the road and the curb
This option was gwen to the New York Elevated
Railway Company to enable them TO select such road
as may be less Objectionable TO the property
along the avenue. The specifications relative to the
other streets diier somewhat but in general terms it
may be stated that the commission has given the
option as TO the use Of the road bed with double
column road, or the sidewalk with single one, in
their opinion and that Of their engineers will best con-
duce TO the accommodation Of the passenger traffic and
the transportation OF merchandise on the down
town streets. As
INCIDENTS CONNECTED WITH THE COMMISSION
which has now been in session nearly ninety days. is
worthy OF note that while nearly all of the 2l2 nven-
tors who have submitted plans have been disappointed
with one exception, all live to try again. One gem
teman was so eiaed at the idea that his pan was sure
to be selected that he imbibed too much fell down the
stairs of his hotel and, breaking his neck died. An
other has become temporarily insane, and daily be-
sieges the commission with suggestions. These
the only casualties, The commission yesterday re-
moved their office from the room of the Common Pleas,
Part 2, to the upper story of the Court House
The commission sat on Friday until midnight at tho
residence of Colonel b. n Harrison the secretary and
another session held his residence.
The business before the commission that calls for
these night sessions Is the organization under the
law of
A COMPANY TO
and operate the road or roads Section 6 Second
clausel provides that
The said Commissioners shall also within the like period of
ninety days after their organization fix
of the capital stock Of the company be formed for
the purpose Of maint aiming operating
railway railways for public the conveyance Of per-
sons and The number shares into which such cap
paid IN cash on subscribing for such shares :,
pirate articles Of association for the company in the last
set forth and embodied as parts tSereof he
era conditions requirements and particulars by said Com
act and which arthe shall provide for the release and for
chas acquired BY SUCH eorpopao n case SUCH RAILWAY or
railways shall not be completed within the time and the
shall heroapon and within 2o days after their ogannation
aforesaid cause suitable book Of subscription to tho
capital stock of such be opened due
public notice, at banking office in such county.
With this subject the commission have been wrestling
for two days Yesterday they had with them their
counsel, stephen Nash of No so Wall street, and
Mr. Courtrght of the New York Elevated Railway,
several times called in for consultation. They
adopted as the title of the company to be organized
''The Manhattan Railway Company" but President
Seligman stated TO the writer that the title might be
changed in the event of its being discovered that the
charter Of the Manhattan Bank the word Man
hattan and precludes its by them. His attention
was called to the fact that there are several corpora
tons using the word Manhattan, including the "Man-
haitian Gas Company" tho Manhattan Fire Insurance
Company" the Manhattan Iron Company" the
Manhattan Club and many other corporations and
he then expressed the opinion that the title OF the
company Is not liable to be changed
One of the most difficult questions connected with
the organization Of the new company Is
AMOUNT CAPITAL STOCK
and the percentage OF the that shall be paid in
before they begin operations. Mr. Mott states that the
commission s disposed to make the capital stock as
low possible, for two reasons-rst that the stock
holders may be taxed for the full amount they have
subscribed without reference TO the amount OF their
stock they have paid up; and secondly, that the COM
pany, under tho law, have full power to increase their
capital stock as exigences may require, They may
also wish, after building three miles OF the road
TO bond it, and hence the commission, in order to
make rapid transit a settled fact, wish TO give them
the advantage OF the most liberal construction of the