The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1877-05-30

HOW THE MANHATTAN CAB COMPANY PROPOSES

HOW THE MANHATTAN CAB COMPANY PROPOSES
TO FILL A GREAT METROPOLITAN WANT
Tho commissioners appointed for the purpose by the
Secretary OF State met White. Morris Co . bank
ing house. No Is Wall street, yesterday. and opened
books OF subscription to the capital stock OF the Man
haitian Cab Company limited details OF the organiza-
ton OF which have already appeared IN the HERALD
During tho day about $l7o 600 was subscribed Tor
OF the $3.50 900 capital required On Thursday next
at noon the books will be again opened, when
opportunity win be offered citizcns subscribe.
large portion ofthe stock taken yesterday by Mr.
Frank Kavanagh. nephew OF Arthur McMurrough Kava-
nagh, member OF Parliament for the county OF Carlow,
Ireland, for himself and other foreign capitalists
MI Kavanagh and his English associates salts
fed with tho venture profitable investment that
they have taken $780, 900 OF tho stock. meeting OF
tho stockholders will be held next week TO select
officers OF tho corporaton directors, &c, and II is ex
pected the LIST OF October 100 English broughams
and SO English hanson cabs will be upon the streets as
pioneers Of what promises 10 DO permanent mode Of
SAFE cheap and comfortable transit Among tho lead
ing promoters Of the movement arc Mr.. Kavanagh,
John Tow nshend, Colonel Frank Howe. +. =. Earle
and Elliott f. Shepard Tho amount Of stock sub
scr,bed Yesterday in addition to the foreign subscrp-
tion was $50 600 which was taken BY Messrs. Howe,
Earle r. W. Forbes, John Townshend ana NJ E. Bur-
rs The vehicles will be built at once by Broadway
firm and New Haven Arm. 1t Is ME-. Kavanagh's
intention TO make arrangement with the Domestic
Telegraph Company to communicate between tho
stables and the various stations OF the company.
WHAT THE PROSPECTUS SAYS.
Il NAV interest the public and capitalists who may
desire to invest know something officially ms to the
Intentions OF the corporators. From prospectus
given to the press last evening II Is learned that the
capital stock OF the company ($25O,0Oo is divided into
ttA fnIlre Tan
per cent application, twenty per cent on allotment
twenty per in three mouths, and the balance
may be required by directors to be elected by the
stock holders after the usual thirty days. notice.
STATISTICS As TO LONDON AND NEW YORK.
The company's prospectus declares that "thero has
long been elt tho necessity for cheap ana improved
London there over four thousand iour-wheeled
cabs. which ply at the rate Of SKY cents por hour
T York there are but s94 hoonsed cabs and
81 so per hour aud larger amount per distance. Tho
company has been organized under The new limited
1875 Involving liability beyond the amount OF sub
script,ons), for the purpose OF introducing four
hicles may hereafter be deemed suitable to tho pub
lie, at the following rntcs-For fifteen minutes or
less, twenty-five cents; over h Gen. but not exceeding
thirty minutes fifty cents; over hall an hour and not
exceeding hour, seventy-ave cents. And at the
same any time exceeding an hour for one or
two passengers No charge shall DO made for children
under eight years Of age accompanying adults for
auy luggage carried. Drivers will BIO compelled to
drive al no less than ve miles per hour, unless
10 drive slower by the person hiring the coupe
DESCRIPTION CABS AND PLAN OF SERVICE.
Tho coupes will be constructed OF the bcs materials
and will be OF handsome appearance with comfort
able upholstered seats-some made TO carry Two and
persons IL proposed 10 use the rubber
common the ordinary cabs, as well as private vehi
clos The cabs viii be we'll horsed and supplied with
careful tidy and civil drivers In neat livery. Tho
drivers viii be permitted to become shareholders,
with view Of obtaining greater amount OF civiliiy
and attention TO the patrons Stables VIII 20 estab
stands convenient 10 every thoroughiarc VIII
be occupied during all hours OF tho day and
night. II ia proposed to lay telsgraphs from the
stables and stands to the principal railway Stations
hotels club houses, theatres stores and 10 Offices and
private houses when desired, that the coupes
be summoned instantly. and they will patrol the
Streets when disengaged in parts OF the town where
there Is demand Tor them Efforts VIII be made to
enter into contracts, by the month or year, with
bankers, merchants brokers and other business men
convey them from their private residences 10 their
the afternoon. Particular attention will DO gwen 10
mako the coupes used by ladies shopping as neat and
private looking possible The entire service will be
placed under competent supervision without which
there be successl, ANA no cfort Will be spared
10 mako It worthy OF public favor.
PROTECTION PASSENGERS AND CHECKS ON DRiyERa
In London, Paris and nearly all large European
cities, the hackney coach regulations have been so
drafted as TO practically place cabmen under strict
police control But with these enactments u has
been found impossible 20 protect the public in all
cases A constant check upon the driver is deemed
the only eecual means Of overcoming the difficulties
with which strangers must contend This has at last
been supplied by contrivance Whit registers every
minute that tho cab Is engaged, tho number OF pas
sengers carried In the vehicle to which 1t is attached
and the amount OF money collected The instrument
Informs the public when the cab engaged and when
not, and it is adjusted that the passenger,
by consulting q tariff OF rates conspicuously
posted inside the vehicle, can Immediately
calculate the amount OF fare TO be paid Not only IS
the passenger protected in this but for every
fare collected the driver required to register upon
his "fare controller the numDer OF quarter dollars
received BY hiring carriages at the rate OF twenty
five cents for fifteen minntes ride tho system is
greatly simphed. Ii the driver neglect TO
strike the gong, the register would show such an
omission, and he to charge more than due the
passenger could surely detect IL by means oil the IN
strumenL Tho checks upon pecuations by drivers
such TO insure full returns, so AS TO permit tho
letting OF coupe seating two persons At the above
rates.