New-York tribune., 1884-11-13
RAILROAD INTERESTS.
CYRUS w. FIELD ON THE ELEVATED ROADS.
THEIR PROSPEROUS YEARS WORK AND PROMISING
oUTLOoK-THE NEW DIRECTORS.
Ihero was no OnnOsiti0n to the regular ticket

THEIR PROSPEROUS YEARS WORK AND PROMISING
oUTLOoK-THE NEW DIRECTORS.
There was no opposition to the regular ticket
at the annual meeting OF the stockholders of the Manhat
tan hallway Company yesterday or the 229s04 shares
entitled to vote 1653s3 shares represented at the
meeting and in favor OF the following board Jay Could
Cyrus W. Field Russell sage, r. NJ. Galloway, Sidney
Dlilon, Samuel Sloan, John II. Hail. Edward
NJ. fleld' Chester W. Chaplin, George J. Gould,
Thomas W. Pearsall. Simon WorTnsor, W. l.. Connor.
The new members are Chester W. Chaplin Thomas W.
Pearsal and Simon wormser who take the places Of
Jose f. dc Navarro, George g. Scott and H. f. Dimock'
The board was afcrward organized by the reelection OF
tho former officers
Cyrus W. Field In addressing the stockholders congrat
uated them that the long litigation had been brought to
an end and that the price OF the had largely apprc
cated. He said In part
For he fiscal year ending September 30 1870 we car
rcd 46Oi3lsl passengers In the past fiscal year, end
ing September 30, 1884 have carried 9G,702 $40 pas
sengers or than double the number five years ago
Nor Is this the limit Of our business prosperity
when VIII grow with the growth OF the city With one
aIectory we can make mprovelnents ana enargemcnts
heretofore iMpactcable we nope 10 ne ahs 10 get an
extension If the second Avenue Line through Market
ST. thence along SOutnSt with stations at every ferry
from RooseVelst to the Battery. This will develop new
talc for the second Avenue Line. new bridge across
far distant when business will pour roads
from the Annexed district Connections with surface
roads, connections with the Bro 'kyn Bridge and with
the Long Island systemn short, business produced by
the growth of the city every direction. awaits us.
my opinion their operations should be confined to this
city The company should adopt the policy 0f connecting
with all. but aying itself with This great pros
perity imposes upon great Obligation not only TO
stockholders whose interests TO
public. We responsible for the lives Of nearly Il
hundred million passengers that pass over our ncs In
the year. How well have discharged our trust ~
shown by the fact that only the past year. but IN all
the from the beginning in which we have carried
nearly five hundred millions OF passengers, (Wne tneIe
have been occasional accidents In entering or leaving
trans only person has lost his life after being on
board the ears aud that due to his own care
cssness. such immunity from accident has never been
known any railroad In the world.
But We owe TO the public not only 10 insure lnclr
safety provide for their comfort to the utmost or
power During certain hours of the day our cars are
very much crowded, which endeavor to provide for
by despachng trains every minute, rapldy us great
as is possible with due regard tO safety.
Mr. Field suggested the probability OF using
electricity instead of steam as motive power III
these words:
One step yet remains to be taken. Already In Europe
lines of railway by cectrcity ana we nave
the highest authority In the wOrldthat Of Sir william
ThoDpsou electrician OF England who has recent,
~ made visit to Amerfca-or saying that nothing coui
be better lifted for the application OF electricity as mo-
tive power than iron track raised In air. whose ee
vatiOn furnishes the best possible facility Tor nsa-
ton" The of electricity In place Of steam 1t est-
mated, would effect great reduction IN the cx-
pcnse OF operating roads, while the removal OF the
heavy engines making the passage OF the trains almost
noiseess would bring this system of rapid transit as near
perfection likely to attain IN our day. These
improvements will come in time, perhaps WITHIN me com
ing year. McanW lille must do all can Tor the conf
fort and vcuicncc well safety OF our pasachEcfs
city whose prosperity our own prosperity
dcpends