New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1879-07-11
RAPID-TRANSIT PROBLEMS.
No REELECTION OLE FARES.


RUMoRs THAT FARES ARE To BE REDUCED POSI-
lively DENIED-FAIsE REPORTS SUPPOSED TO
DE DICTATED BY INTERESTED PERsONs-WoRk
OF THE MAYORS COMMISSION.
RumorS that the directors of the Manhattan
Railway Company discussed the subject OF
reduction of fares at recent meeting are
positively and circumstantaly denied by OIL
GERS of the company who were present, ana
who attribute these and other reports to in
terested motives on the part of those who
have given them currency. The Mayors Com
mission for establishing new rapid-translt
roads are still at work, and opinions are dl-
vided as to the effect of the action of the
Common Council in rejecting their report
RUNORS EXPLICITLY DENIED.
TIE SUBJECT OF REDUCED FARES NOT DISCUSSED
CYRUS W. YIELD NOT PRESENT Al THE MEET
ING.
The rumor that at a meeting on Wednesday the
directors Of the Manhattan Railway Company had
discussed the subject of reduction OF fares on the
elevated railroads, and mad agreed on compromise
extending the hours of cent fares yesterday was
denied explicitly and with great emphasis by
officers of that company. The meeting was
said to have been very brief. and the ques-
tion of reducing fares was not mooted.
NNTuS
cate OF cheap fares not present at The meeting
MI Field on Wednesday went to saratoga to confer
with William II. Vanderbilt regard TO the extern
sion of the Wabash Railroad to Detroit. The re-
ducuon IN the price of round trip tickets to Coney
Island was made by John II. StaTin for the purpose
of increasing the travel by his boats. The Manha'-
tan Company. IN announcing reduced prices simply
followed the instructions of Mr.. StarIn, who has
contract with The company for the sale Of tickets on
the line of the New-York Road.
jose f. Navarro, a director Of the Manhattan
Company, declared that there was not word OF
truth in the published statements 90 am az a loss
10 know" he said "what possible foundation could
have been discovered for the story. The matter
was not discussed even, and l venture to say will
not be for long time The tales that have been pub
nshed recently about the relations of Mr. Field aud
the Manhattan Company are equally fancllul. Ii IS
true that the Loan and Improvement Company holds
its share OF the Manhattan Compauy's stock. II
cannot divide IL without impalring the commHys
capital But the Manhattan Company cannot
operate the lines of road to the advantage Of some
of its stockholders aud not 10 that of all. The
supDositIon Is simply absurd. am convinced that
the stories have been circulated by persons inter-
e,ted in the price of the Loan and improvement
Company's stock. think know who one OF the
persons is: he does not hold large amount of the
stock. but is eager to sell at a high dgure."
n. Guilf1rl secretary Of the Manhattan Company
and yicc-prcsideut Of the New-York Company. said
with great warmth: The whole story Is q tissue
of lies from beginning to end. was present at the
meeting; | have been present ut every meeting
of The Manhattan Board. Neither al the meet
ing on Wednesday not at any previous meeting
has the subject OF reducing IaI'A ''eI u"uSt Wis
cus,ion Not q word has been said at any meeting
80 ~ $50, +i,,t s.bi.ct Cr c,l,r.a the direct
u "a. - wa -. $50 ... 60 h..
Tor improvements in the operation OF the roads. /
have no doubf that some of the officers may have
.....,..7I,. ,-r.,+ ,tf,,ct IN, tr,rol "a re-
"oAueItU "o''''ON''''' ""'''
ductIOu Ia fares OF an extension OF tho CENT hous
r,ipht have IhatlS all the consideration the sub
-, w ,l,,,.,,i tl,, ,,,,co of Concv
yco' ""9 iI'oi'0 "a. -. -, t.a,
Island tickets SIMPLY because NJ Stdi iH' WI" ""'
been disappointed somewhat IN the travel, told US
9. ,,,.1, o. r,du,tiou of 10 ccnts And that Sas in
-.f 49,, &. -. lii, III
1eIi'u 10 p' Tue Dos'u'Ii@ VI 'i0 III" l0'''''
statements are al false"
INV TWO Old COMPANIES SATISFIED.
4, - e Al, o11,..-s o+ tho di,ror
-" '' =; - g .t, ,,,o
given two months ago, IN honor OF the sue
cess of rapid transit, Cyrus W. Field earnestly
On. - ,o,,,,.,,,,, ,o,.o ,ro, tbe VII,
OtcLIeu' Dun O0'"S'"'0 nav w"
tory That any undue advantage was Raihed
10y either company in the Subsequent Ieas-
inc Of both roads 10 the Manhattan Company,
- Ill co-sto,,tl,. sirce that time Inv
h"S po'N N'HiON W. 80, -
prominent Ohcers OF the Nc"-i'lh anu 'Ho
MetronoIitan COMPANIES. The division Of the
81, Of tLc Manhattan COnpauy was made
e'V'h VI "' ~, ~
equal between the TWO companies ln'i' own V"P-
itgl stock was eQuaIZed, and n was estimated that
~ tho c,,,,Iet,on Of the proipcted lines the funded