New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1879-07-22

roads, and say that shrewd capitalists VIII
hesitate to put their money in them under
the present condition of affairs.
THE PROPOSED COMPANIES.
OFFICERS OF THE MANHATTAN COMPANY PROFESS
NO ANXIETY TO TAKE sToCK-THE FIFTY-NfNTH
STREET LINE-oNE wEsTCHEsrER ROAD PRO
vIpEp FOR.
1t was matter of speculation yesterday, among
citizens interested in the progress of the new rapid
transit schemes, whether not the conditions laid
down by the Commissioners, on which the COM
panles are to be formed and the roads TO be built
would be looked upon az favorable or prejudleiai
10 the successful prosecution of the schemes OF
the men who. it is supposed have the capital ana
the willingness to embark in the enterprise VIII
lam r. Garrison president of the Metropolitan
Elevated Railway Company, was found at his
office No 3 Bowling Green When asked if NOM
bers of his company intended to subscribe to the
stock of the new companies he replied:
"Of course we cannot do so as a company. lndi-
vidual members might. There has been thus far no
expression of determination to do so. L have at
present no thought myself of going into the new
company
"Arc the conditions unsatisfactory
al regard the vote in the Board Of Aldermen as
practically victory for Mr. Vanderbilt 1t IS called
IA
question of building the Fourth Avenue Road IS left
half open OF is supposed TO be half opeD there is
anv ground for thinking that Mr.. Vanderbilt could
out the scheme through if be took ii into his head
to do So other capital is not going to build rapid
transit roads in WeStchester County. II
he afterward should perfect the scheme as
it is offered TO him by the Rapid
Transit Commissioners, be could by so doing Kill
the other lines They could not compete against
him. Now the vote IN the Board of Aldermen is a
victory for him, in my opinion, because 1t leaves
the matter where shrewd outside capitalists viii
hardly touchit, and gives 10 Mr. Vanderbilt, undls-
turbed, his Westehester traffic, which he would in
great part unqaestiOnably lose If the other co M
peting lines were built and he failed to get the
Fourh-avc. extension to the City Hall"
"Don't you think that the vote of the Board of
Aldermen practically killed the Fourth-ave.
scheme"
THAT is the question. Our attorney has advised
MS so to consider it, far the connection in Eff
tv-nnth-st between Sixth and Nnth-aves., is con-
eerned. That route was not so much a matter Of
our seeking as of the residents III FIiy-third-st.,
who claim that their property has been greatly
damaged. Ii was an object 10 us. TO be sure, TO
build III FItyninth-st IN 50 far as 1t gave us con-
LuuOus road, doing away with the flity-thITd-st.
branch. In some respects we are not so sorry 70
have TO give up the project. The change would
have entaIled grea deal of expense. IN rebuilding
In Fifty-nmth-st. a far more expensive structure
and IN taking down the old branch, much of the
iron OF which we should be compelled TO sell at
half cent pound.
"It is probably true,D he continued, chat the
road in Ffy-thrd-st Is no benefit, TO say the least
10 the property, but in Slxthaye. think the street
is gaining on accounted the elevated road and that
a.great many property-OwDers would be Quick TO
sign a remOnstrance If should announce an in
tentiOn of taking the structure down. Ii was
thought at first that corner property would be
greatly injured by the stations: One man, and he
80 .lt lat Al ne yVla
Mr.. Macy. After he died his partner, 1 believe, was
Equally anxious TO have station at Fourteenth
IT. | was told that they even offered to snare part
of the expense OF building the station JeWeler on
an opposite corner was opposed TO the bul ding
of the station there and has moi relaxed in ms Oppo
sYtaoD since. | have done a little trading at his
Mace myself, simply because found IL convenient
to step from the loot of the station steps INTO his
store. We have received several urgent requests
for a station at Twenty elghth-st. Undoubtedly It
WOuld be a great public convenience and would
greatly benefit the theatres and hotels IN that
vicinity, and perhaps make of Iwenty-elghth-St, IN
q measure, what Iwenty-third-St. is becoming. |
cannot say now whether station Will be built
there. - r .,..r D.,
intention or non-inteutIOD of members of the Me
tropoltan and New-YOrk Roads to take stock IN the
Westchester Companies He thought that such an
investment would bring returns only after several
wears and rather expected the building of the roads
would rest largely with citizens of the twenty
third and Twenty fourth Wards, who were primer
pally Interested.
AZ the looms of the Rapid Transit Commissioners
No. SO Exchange-place, II was SAID that the Com
missioners laid out the three Westminster roads
with the expectation that the members
of the New-York and Metropolitan roads
would find 1t to their interest TO
build them. They presented their plans to the
officers of the Manhattan Company, who gave abb
solutely no encouragement at all, that they would
put their plans into execution. Ii was then that
the commissioners turned TO the Harlem and New
York Central roads and for the benefit of the
residents of the annexed district, IN its extent
capable of providing good homes for a million and
a half OF people, made plans that they thought
would command the support of Mr. Vanderbilt, and
at the same time secure the best possible rapid
transit. But the commissioners on the one side had
been abused for PLAYING into Mr. VaudeTbIlfs
hands and on the other of working in the interest
of a Manhattan monopoly. IN fact il was said the
Commissioners worked TO favor the interests of
neither the one nor the other. except to place 1t in
the way of their interest TO build what the public
wanted It not believed that the sO-called
Vanderbilt line was a menace to the success OF the
other, East and West Westchester lines; there was
room for all of them, and no fears were expressed
that the thirty days would expire without the for
nation OF COMPANIES 10 carry on the work; the
franchises were too valuable TO be shghted III tins
day, when franchises of this kind were
getting scarce. These who owned the
other roads holding back for the
time, but stock would be subscribed nevertheless.
A meeting was to be held tins afternoon al O'Clock,
il was said at the Club House in Jerome Park, to
consider measures for building the Central line,
and 1t was expected that such prOperty-owners as