New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1879-12-28
Future OF THE ELEVATED ROADS.
EXTENSIONS INTO wFsTcnRsrIR AID ALONG TIE
HUDSON ALREADY PROVIDED FOR.

EXTENSIONS INTO wFsrCHRsrtR AND ALONG TIE
HUDSON ALREADY PROVIDED FOR.
The following statement OF the development OF
the rapid transit roads and the plans Of the compa-
mics for the future extension of the roads beyond
the Harlem comes to TIE TRIBUNE from a SEMI
official which it necessarily considers conf
DENTAL but of such general interest as to warrant
It's publication in full:
The immense business done by the elevated rail-
roads in this yhas made most people think that
they have reached their maximum growth. while
the fact Is that that they are only in their infancy
When the Third Avenue Line was opened II was
predicted that 1t would carry from $1,000 10 3OOOO
passengers day. The most sangulnc did not eH-
poet than 10000, and yet that line Is carry
ing to-day nearly 100000 passengers n day
and occasionally has carried several thousand over
that number. The same was the case win the
Sixth Avenue line, which now carries over OUOOu
day and has recently carried high as $4,000.
The Ninth Avenue line has not as yet bad chance
10 show what 1t can do and yet IL N To-day; WIN
all the loss of business incident to ROAD under re-
construction with only platforms and sheds Tor STA
tons with only a single track on portions OF the
line. and with slow aud irregular time male, on ae-
count OF having to wait for trains TO pass at each
end of this single track, carrying more passengers
tlan 1t did before the Sixth Avenue line began run
ming When reconstructed II will be the best line IN
ne cfy for fast time and economic operation 1t has
40 bad curves and very slight grades. The stations
are to be located at convenient points down town
but once past FranlClin-st. there VIII be long DIS
tauces between, aud fast time can be made above.
The Second Avenue line Is yet 10 como in and help
swell the grand total of passengers carried III Is 10
h" enninned in all RESPECTS like the Sixth Avenue
line. The cars are now building AT the rullnan
Palace Car Works, and II Is safe TO predict that
when they run ears from the South Ferry they will
carry M least 10000 passengers daily, while the
| Third Avenue ue. running from the City Hall mp
Chatham-st and the B0wery will be relieved OF the
Fnlton-st and will be able 10 carry the thousands
who are now driven back 10 the horse cars by rea-
son of the crowded condition of the elevated ears
concerned. There other plans on foot that Will
still further increase the value OF the roads; The
New York and Northern Railroad has come underline
control of the men who practically control the Man
haitian Railway Company, and Is now being pushed
forward TO completion ms rapidly as possible. Plans
are drawn for bridge over Harlem River and. in
all probability, before many months the cars on the
Sixth Avenue line Will be run mp TO lTylngtol, Tar
rytown, Yonkers and the whole line of suburban
towns situated along the Hudson River, which now
send their thousands of business men to the city
daily by way OF the Harlem and Hudson River Roads.
Is there any doubt that the great majority of
these business men will prefer the road that will
land them without change of cars at their places OF
business down towns The Manhattan Road has
also the right to bridge the Harlem River at Second
ave-. and make connection with the Fort Chester
branch Of the n. T., n. IL. K III. X. X, thus AGAIN
carrying business men and others direct from THEIR
homes to their places oil business.
So much for what the roads can do: now as 10 the
returns they will make to their stockholders. They
are now earning according to their published state
ment, more than 500, 900 per month over all ex-
pcnses, with their business increasing ut the rate Of
$l2. 600 month. II they make no further increase
III their net earnings on tue three lines now IN ope-
ration. their net income for the year Will he
80, 6i0 600. If the Second Avenue Line carries
10000 additional passengers daily, and is run
as the Sixth Avenue Lne-and there no
reason why 1t should not bet will add $4,000
per month to the net earnings of the combined
roads ami swell the total net earnings for the year
| TO $3 500 900. Against that they have guaranteed
TO pay to the stockholders of the Metropolitan Road
10 per cont on S6,500O00, and the same to the
To 81 100000. TO the bondhoders they are to pay
an average of Gig per cent on S17,O0O0OO.
amounting to 81 10000 which makes the total of
guarantees 81, IO5, 900. this leaves balance for
Manhattan stockholders Of 81 POI ,000-neary 10
per cent on the 81 j. 900, 900 of stock.