The New York herald., 1879-07-28

consider that am entitled for the risk TO ten
per cent dividend on the New York Il ssoek ten on
the Manhattan and seven on the bonds NOW now
get 1t don't care. II the city VIII guarantee ina.
income I'm willing to carry passengers for three
cents or for nothing. It's simple business qaes-
tion.
"Ihe public think you are getting great deal
from the city for nothing How do YOU ieei aoou'
the real estate assessment of the roadsy
"why, the city owns the streets. There can be no
question of that and have leased the use OF the
streets aud avenues through which we pass giving
consideration Of Ave per cent on the net earnings Oh
the road. :" sst
lis it ever paidY' W.
Certainly the check for the last quarter now due
is 500. We are paying about s26OU0 year and in
creasing all the time. This will become source OF
$4,000 passengers every day. The last horse rail-
road report that have seen credits those roads with
average of sss per day Or these nearly loOOoOo
rode the Third ayeaue, oyer - 900 600 on the ssv
enth II 900 600 on the Eighth and 30 oooO on the
managed very shrewdly. After making q contract
with the city for the OF the streets of the city
they went to the Legislature aud obtained its iil-
dorsement and its grant any rights the State may
in the streets. for the purpose specified. Never
theess. believe that not another loot OF street
has not successfully competed for the
privilege at public auction, We should
The first grant in the nature OF an encourage
ment to enterprse precisely IS patent is given or
copyright. Then it was an expermen,; NOW ds
to pay? What has he ever done for rapid or cheap
transp He charges six cents from the depot to the
City Hall, and carry for i've cents from the Dat
terry to Harlem Again, the public doesn't begin 10
know the embarrassments and bothers we en-
counter. They complain OF delays and yet 1t il to
our interest to often rs we can. chief
source OF trouble was the water supply. II was
utterly impossible for us to get what we wanted
The Park Commissioners fought US. They stood
three to against us. Finally, to the credit Of
John Kelly be it said. he sent for some OF the
complete arrangements at the termini by which
could change cars and get water. This whole
matter is in its infancy as yet. have unbounded
faith in its tremendous future. am glad Tilden
ard the rest who lost their faith got out" r
''Why s it that the one management has diametri-
caly opposed rules the two ross? For instance.
on the Metropolitan road the public can buy all the
tickets needed; on the other only one
'.Wel.." replied Mr. Cowing the treasurer who
money by ticket sharps. TO beat'the road seems to
be the ambition OF great many people. 1t il q
do on the Third Avenue T. and il i an undoubted
convenience to the public be able to purchase
they can on the other road. The new management
yet fully completed. and IN the meantime the
separate organizations continue their individual
modes. There are multitudinous details. of which
this is An important one to be arranged and they will
be taken carefully and conscientiously as fast as
Il have noticed that the hight and airy sheds pro-
vded for the head protection OF the public ut the
stations held up by great number Of heavy iron
pillars. about four times as many as appear TO be
"Well, we have great faith in our engineer and he
tells they necessary; that the strain those
sheds and stations is very great that the wind blows
there with tremendous force. and that they are
really absolutely necessary for safety"
FREE PASSES
''How about free passes? Are they issued to
judges, editors and politiciansY'
There are thirteen directors and thirteen card
passes; one but director has one. There are
coupon tickets issued to employees and men ut work
in construction. Policemen in uniform ride free;
hremen in uniform at i've cents; District Telegraph
messengers at ive oents and normal school girls the
same. There was q great abuse Of the pass system
at one time. but 1t is ended now. h ~