New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1880-03-05
CoNTENDINu FOR CHEAP FARES.

A STRONG SENTIMENT IN FAVOR OF THE TINE-OENI
BILL WHICH rs READ THIRD TIME.
IRON THE REGULAR CORRESPONDENT OF TIE tribune
ALBANY, March 4.-The reduction OF the
fares Of the elevated railroads Of New-Nork Ciy 10
CENTS was considered IN bOth branches OF the LeGisla-
tnre to-day.
senator Astor moved to discharge the Railroad Com
itree from further consideration OF the 5cent fare
bill and that It be referred to the Committee OF tue
Whole e had tried to have 1t reported and failed and
now he desired 10 place the responsibility where II
really belonged
Mr. Hogan recited the history OF tho bill before the
Committee Of the Senate and also the record OF sim
liar bill in the Assembly. lie believed that the Assem-
bly, bill would be perfected to-day.
Mr. Wagner sta ed that the OIL viii be reported next
Wednesday.
Mr. Astor thenwiihdrew his motion. The House went
INT committee the bill TO establish cent fares on
Mr. Bradley moved ar amendment, so as TO TX tie
time OF running cent care az otswee,' % M - =, i e
4 and p He thought that those tfaFtHu p,lWeen
o A. NJ aud p. IA. would be willing % pay Tue fare OF
d1iscrim,6ste against these roads. Other roads
are allowed 10 charge e dv ,,Sso Gems Gems
IND have To- carry passengers less Than
mile He referred 10 the Increased cost OF these
Wr Hayea opposed the amendment lie did not think
any Injustice would be done 20 the companies by THIS
proposed reduction. lie SAID That owing TO snort Idns
The pay is moro than cent per mile.
Mr.. bradley sad mat careful COMPUTATION. e.loWlng
man a., S. Sid mat the statements made him
o3te the reverse and showed that the pay amounted
"a oufy "a little less than oeuts per mile A. 10 the
90 o th roads he said That one portion OF them had
cost nothing AT al, owing the Of the most
! e1dac,ous schome Of credit mobiiler on record
Hence the claim OF amounted TO nothing
No. TOO il was with regard TO the cost OF operating
THAT wac almost nothing "a compared WIN that OF
other steam railroads. Again n was right TO ch9rgc
10 cents at any particular time Of The dny, woua De
rsht to charge That fare at all ti9es lie 9eey tne
5-ent wOnld increase the business ana tne
lie was opposed the proposition 10 logihte Tor one
class the expense 81 anQlber lAeIe %eIe 100 ny
moor men who e. 90 home ~ their uinuer hni To
| DO so they must pay 10 cents each WaV. =, .
Mir Mitchell doubted the expcdlency OF the iegisn-
ture after chaTttr1nG these companies hlu any ~
nov, 10 charge IS cents fare, enacnR such law as
60 az 70 bcir earnings aud ability do their business
on such low fares He thought mat no ACTON o! lhs
| whether these companies are making ~, pr
! cent upon the actual cnpital invested but nor
pid Ec obtained from tie State Engineer and should
| De had befors action Ia taken. He also allndcd inc
ON South Fiubaye. had been awarded . 0o
per foot front which litigation Is to go through inc
MIR crosse advocated the bill, and said # the courts
decide that these COMPANIES sna5l Pay u1nas Z ~
nroper form. because then even ten eents faic would
not be enough lie dld not thnk is Iega,
the Legislature should look at the case as stds
Ne found" he said that five cents fare Is sufficient "a
nav reasonable percenaR OF profit on the actual cash
tnyestment" He examined at lenRth Tue business oi
The roads comparing receipts and disbursements "a
sbow that the profit the actual cost was very large
| Mr. O. s. Baker argued against the amendment offered
! by MI Bradley, and insisted that these companies
c9d well afford 10 run all their trains at cents fare.
Mr. Dng1IId saii II hal been admitted on all hands
hat he entire cost OF the roads, including the discount
an the bonds was $50 900 O00 and he manta that
cents fare would pay good dividends there had been
Si3 600 900 added TO the stock by moro stroke OF
mis- va done for a purpose yet he believed that
might be included and yet cents would be suihcleut
strongly in favor Of the bill He said that the people
this Legislature to act on TINS D ana pas ~
despite The influence OF moneyed monopolSIs anu COZ
| pOratons.