New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1884-05-10
SURFACE CITY RAILROADS.
PLANS OF THE THREE NEW COMPANIES.
PALACE CARS IN FIFTH AvESUE AND BROADWAY
Is MR. vANDERBILT INTERESTED


pOrtaton In the city the in The TRIBUNE
yesterday that certificates of Incorporation Of three dis
tnct companies construct street railways IN Fifth
broadway and various cross-town routes had
been fled at Albany was the universal topic
Of cation. The gentlemen associated in these
several enterprises possessed Of ample means to
carry through their projects and they express their de-
termination TO lose time in doing The two CO m
panes which have In hand the construction OF roads IN
Fifh-ave. from the Harlem River to Washington square,
and in Broadway from Union Square 20 Bowling Green
with routes connecting with the South Ferry and Win
Pier No ! East River. have identical boards OF d.
rectOrs which met yesterday Mt the office Of James A.
Roosevelt No 80 Pine-st Mr. Roosevelt elected
president, Wallace c. Andrews vce-president, ana
Thomas Ryan secretary and treasurer Of both cor
poratiuns.
Mr.. Andrews said to q TRIBUNE reporter:
We propose to put palace-car line in Fifth-ave and
Jake sharp horsecars We will have double tracks, 50
constructed as TO be obstruction whatever to carriages
or wagons OF any Kind. When say palace-car INES,
that viii be entirely different from The old
fashioned sreetcsrs larger and better and our tracks
VIII DC OF mueh better construction eosuns aoo1t Iol
times a. much m.ie 10 build Il will be an improved
road; but whGcher It will he cable road. am not
prepared 70 say. We are not committee 10 any
PLAN u are ready to adopt the best whatever It may be-
~ think these streets worthy OF the very superior con
We have been 1t work this matter for year preparing
rteye ma tnorOnghare very uilch iiQ ln1
arising rom its present crowded condition and frequent
blOckdles. We nave already obtained LDe consent oi
or the propert and feel assured mat nhe
teen out OF every twenty will give theirs.
A leading Incorporation OF the company that proposes
TO construct system Of cr0ssOwn routes IN the upper
part Of the city said that. far he knew William H.
Vanderbilt connected with the movement The
prevailing impression however il tnat the road and it,
branches be built in interest OF Mr. Vanderbilt
and Of the NevYork Central and Hudson River Railroad
Company which he controls It's object il declared to be
n the Grand Central Depot with the principal
ferries tho North and East Rivers. The main stem Of
the road viii he in Forty second-st., and branches will
it with ferries the East River al the foot Of
Nnety-second, sixty-Hrst, Thirty-four5h and
Twenty-sixth SITS especially, and with fer
res the North River at the
foot OF ForysccOnd Thirty fourth Twenty-third Ganse
WORT Christopher Desbrosses sfs especially, with
nny ferries that be established" at the foot Of
FOurteentht with the iron works at the foot OF Thir
teeBth-st with the Liverpool seansaip lines at the foot
OF Tenth Carkson and Charlton ss. aud with the Hud-
son the foot OF vestrvS The ncorpora-
tors at their meeting Wednesday in Elliott r. Shop
ard Office elected Mr.. Shepard president OF the COM
PAW, LOOMS L. White yice-presdent Waiter L. Ne
COrke secretary, AMI William L. >kidmOre treasurer.
They will meet again at the call OF the president They
preparing work at once, and conf
dence that the properyowner along the routes Will give
their consent.
In accordance with the terms the Surface Railroad
bill which just law, the necessary subscriD
tons for stock Oh all these roads and adavits OF direct
that il intended in good faith 70 construct them
have been made The law requires that before the com
pancs shall he authorized build the roads 1.-the consent
writing OF the owners OF One-nalfln value Or the prop
tr'y bounded on and the consent also OF the local
authorities having control Of thar portion OF street or
highway which IL proposed 10 construct Them
must DE obtained. The Common Council before acting
upOn application for their consent must public
notice of the time when they will consider IL, by
publication daily for at least fourteen days
daily ncwspaDers " this city TO be designated by
MAYOR lie =
I'm value Of the property affected cannot ne obtained, an
application must bc made 10 the Gene n Term or the ST.
prcWe Court for the appointment OF three cOmni5'OnetS
II they decide that the road should be constructed and
their decision T. confirmed by the Court II VIII be tax
in leu OF the consent OF the propery-Owners.
The lu "a authorities may, at their option sell eacH IRAN
ch-e public auction, after notice published for three
weeks. Three per cent for five years and per cent
thereafter OF the receipts must be paid into the city
treasury annually. ANY motor except steam locomotive
power NAV ne used the Common Council and property
owners cOu-enting cents no the fare Tor
continuous from ans point 10 any other, on any
companies required % keep repair the part or
every and avenue between ts tracks, the rails and
space feet in width outside and adjoining the out
rails The companies forfeit their franchises they
complete II within three years after obtaining the neccs
consents. The companies may lease their
rights any other street surface railroad
company authorized to upon sucn routes as they
my occupy, upon such may be agreed upon by
a majority OF the respective Boards of Directors OF the
companies. subject 70 approval by the stockholders
but they cannot lease them to any other company that
operates q parallel road.
Mindful Of all these provisions Of the act the
wealthy gentlemen whose names appear in the lists OF
interpretations OF the have undertaken the
construction Of important lines OF street railways and
they promise that they shall be speedily prepared Ior
n a.