New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1892-11-15
TO SELL a BIG RAILWAY FRANCHISE.
Will. THE RAPID TRANSIT COMMISSIONERS FIND
A PURCHASERf

The Rapid Transit Commission, after worEns inan'
months, has decided upon the plans ana specho""o'
Of the proposed rapidtraDsit railroads III t's my
and Will advertise the franchise FOR sale 0-moiro"
morning Several secret meetings have been heio At
the offices Of the commission No. % William st., re-
Gently and n final meeting before the public an
nouncement will be held to-day. In accordance WIN
the law the advertisement must be printed INV
times week for SIX consecutive weeks oNe cA'i'
insertion will also be made. so that the puohc S"i
from the City Hall steps Will take pace "po"'
January ,. The terms Of the purchase OF III" ira''u
in full will not be known until tomorrow" a' '',~
pomphet containing them has not been pnhteo yet
- oil nrobabllity It will be ready for the Cnnml5-
s,oners to-day. According to one OF the 'ohhi'-
s,oners however, the franchise VIII be on're' i"'
400 wears. practically an unlimited Pc'"''
purchaser, purchasers, must pay d lump SUI" -o
the franchise and give bonds LOT inc P.op,'
ructon and operation OF the roads. as provided Id inc
forms of sale The constructing company IL - 9"i'
,u he e,rmt from taxation during tie perCd u
.o,s,rrct,on which is limited ~ four or hNo y'a'o
for the main parts OF the road. The iare' aISo T.
ho dyed AZ cents for ride OF any distance S""r'
or long. .,o.
The Commissioners have reason TO oeheVe .li. "a a
nurchaser will be found willing to gave rom qo''0OO
10 :, 600 600 for the franchise. A strong COMPANY
W, -, ,so,,,.v necessary as the cost OF construction
. ,Io,ed NJ s35 1000 TO S75.OO0.0O0. In case no
rosnonsble bidder for the privilege Of building the
roads presents himself at the auction SAFE inc WIN
Of the Rapid Transit Commission VIII ehd' Inc Guy
,,sslf coud not build the roads without special legs
latlon empow ering 1t to do So
Tho routes OF the proposed roads are rs loiio"s :
From the Battery through Broadway. the BouleVard'
and a line extended northward from Fort George 10
tho city line at Yonkers. loop at the southern
terminus ts TO extend through Stacst. from bIoau-
usv nj Bowling Green to South Ferry ana nAo"
through WhitehalLst. ~ Broadway Aho'her ioop
will reach from Broadway around City Hal farh
with . station at tho Brooklyn Bridge oranch
.Iso will extend from Broadway at Fourteenths'''
through Fourth ave- to Forty Secondst. opposite tne
Grand Central Station. with terminal underground
wand in the block west OF the station. Inc
mad will consist Of three tracks from South Forty !"
city Hall Park: above that point 1t Will have fouf
,ochs The road Is to be underground from tne
nattrrv 10 one hundred and sixty hfa st. Aoo.e
Wanhattanyille the road will be made ND or vaoucts
hrldees and open cuts The road VIII be iortS lou,
let wide and the tunnel will BIO eleven ana oneIlah
,ect nigh The tunnel naturally. viii be wen hsntcu'
The native power Is to be electricity.
The commissioners believe that the tlme neceesaty
N 20 from Fort George 10 the battery VIII be aDout
vrsntv minutrs Passengers will have both express
and local trains for their accommodation.