The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1877-04-10

EXPLANATION OF THE ALBANY MIDDLE ABOUT
RAPID TRANSIT AND THE GILBERT ELEVATED
RAILWAY.
There seems 10 be strange mystery misun-
dcrsnnding about the position OF tho Gilbert Elevated
Railway Company In regard TO tho bill introduced by
Mr. Ecclesine In the Assembly, and which was re-
ported adversely In order 10 ascertain the true
nature OF the reporter was sont 10 obtain the
views oil those who were convcrsant with the subject
and likely to give intelligent opinion upon u. Tho
following opinions CLEANED from official Of the
road
NOT GILBERT BILL.
O. Was tho bill which was defeated introduced by
the Gilbert Elevated Railroad Company
A. II was not MIR. Ecclesine, who introduced the
bill himself, says 1t was drawn by the counsel or
another, and that he did not personally know man,
from the president down porier connected with
the Gilbert Elevated road.
O. Mr.. Strahan says the Gilbert Elevated Railroad
Company has issued s22,ooo,oOO OF stock to build
road that has cost So, 100000
A. don't know exactly what he means by that
mark the fact is the cost Of construction thus far
Is about $500 000 The capital stock OF the company
Is limited TO Sd, 200.
O. Mr.. Assembly man Hayes asserted that there IL
not house, piece OF property, tho whole
lire OF the road to-day winch would sell for the mort
<. l am unable .c say what Mr. Hayes means by that
assertion. will read you some short extracts from
letters lately received from property owners Sixth
avenue. In a letter dated April .. IL, from the
OF four contiguous lots 2ox100 each, near Thr-
tecnth street, he statcsI believe the Elevated Rail-
way will increase rather than diminish the value Of
real estate on Sixth avenue Our tenants evidently
SOC the matter similar light having asked
reduction OF in anticipation OF It's construction"
PROPORTION OF PROPERTY OWNERS OPPOSED
Q. In your judgment what is the proportion of pro-
perty the avenue opposed TO the construc-
ton OF the Elevated Railway
A. Far loss than opposed TO the establishment
If I'm nrc hun n Qufn To
that used against the latter now being used
against tho elevated road for example that the
nuo would be DESTROYED Tor tho purpose OF retai!
business street, by excluding carriages ~ reason Of
damages likely TO accrue from crossing the tracks and
other unounded apprehcnsions
PRIVATE PROPERTY TO BE TAKExY
Q. Asscmbiyman Fish asserts IN his speech that
'rhs corporation designs to take private property and
conscate II absolutely without paying Tor ~ How do
A. Il Is 10 be explained by the fact that the General
Railroad act requires that when private property Is
fol OF railroad companies snail Do paid Tor
and provides for the manner Of payment
REGARD TO INJCNcTIoNs
q. About the matter Of inJunctions by the courts
upon the roady
A. In regard to the objections made by tho op.
poncnts OF the bill the subject OF preventing pro-
perry owners from obtaining retress through tho
courts pcrusa OF the text OF the bill itself must
satisfy ali reasonable minds upon the point The re-
marks made by Mr. Maynard IN giving his Affirmative
vote show proper appreciation OF the merits OF the
Mr. Maynard, in bricf said the bill provides. II
any property feels himself aggrcved by tho
struction OF road If he come into court and obtains
injunction restraining the company from proceeding,
that injunction must be dissolved Il the company give
adequate security Tor The pay ment OF damages may
sustain by the construction OF the road This GOV.
ers tho point
bow THE ROAD STANDS NOW.
0. What Is the position vi the road now?
A. We are now awaiting the decision OF the Court OF
Appeals upon various suits which have boon brought
against tho road before prosecuting the work which
was suspended by Injunction
q. Have you any oils now pending before the Legis.
A. None whatever.