New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1881-09-08
RAILROAD INTERESTS.
FARES WANTED.

ONE OF THE RECEIVERS OF THE ELEVATED ROADS

SUGGESTS AN INCREASE IN PASSENGER RATES.
The contest between the elevated railroads
becomes daily spirited Since the control
of the Metropolitan Road passed into the
hands OF the sage-Gould party the quarrel
has been open. Russell Sage, president OF that
company, does not hesitate to that President Field
OF the NewYork road has failed keep his promises
Mr. Field on the other hand says emphatcay that he
VIII listen to no compromise until he has regained pos
session of his property Mr. Sage that Field
entertained less decided views before appointment
OF the receivers OF the Manhattan Company,
In fact he owns comparatively little stock in the
pany OF which he is president He goes far as
TO suggest that some people malicious enough say
that Mr. Field is trying depress stock SO that he
can buy it back again
A. L. Hopkins, the two receivers of the Manhat
tan Company sent long letter Tuesday TO the pres
dents of the Metropolitan and New-York Companies in
which he asked their advice regard an increase
the rates of fare. Mr. Hopkins presents the following
statement of the receipts and expenses the Manhattan
Company from the date of the appointment of the ecev
to September:
RECEIPTS.
From dfher Sources al % "a
Operating expenses sSs6499 90
Net s257,765 "a
Included in the operating expenses are the tax
capital and the city tax earnings. For the same
period the interest Oh the bonded debt Of
the companies amounted to S35o095, and the
taA GU structures ana personal taxes TO
$S0124 wbchtogether deficiency 81 453 O6
Mr. Hopkins says that the reports OF the engineers
show that at least $4,000 must be expended on the
structures 10 keep them in safe repair In view OF the
necessity of increasing revenue of the roads Mr.
Hopkins says
am Informed that the amount charged for fares ia
less than the amount allowed by law and can see no
other way of raising the companies than
by charging the full amount legally allo we'd and II
does not produce revenue enough o take OF at least
the interest on the bonds think should add enough
more to cover the amount which has been
taxes.
The following comparison with the charges made on
other railroads where great many people travel
made:
The fare from Rectorst to 2Gth-st eight half
miles, IL Ten cents ana IN commission hours 1ye cents,
while by the PENNSYLVANIA Railroad the fare
New YORK and Newark, the same distance, is twenty
cents To show that tue latter is not in
the following rates:
To Rutherford by Erie SOC To Fordham y Yah sml5c
jamaica /. L. ii I'm SO Mt SSg ~ Y&HRiimsS
MI Hopkins supports his suggestion an increase in
fares by long letter from President Galloway, the
Manhattan Company who declares that it is impossi
Bile for the Manhattan Company to carry
passengers at the present rates of fare.
He says that since the receivers
have taken possession OF the property
the company has carried o,5734o0 passengers
at an average cost dncluding taxes) OF
62lOO cents passenger while the average fare re
ceved has been only SLIGO passenger After re-
viewing at length the increased OF operation by the
adv ance in the price labor and the
or repairs To the companys rolling stock President
Galaway concluded 81 repeat, 10 viii he absolutely
Impossible for us to continue to these the
taxation and the guarantees under the leases.