Pittsburg dispatch. [volume] (Pittsburg [Pa.]) 1880-1923, 1892-11-16
UNDER THE SURFACE,
New York to Have an Electric
Railroad Built Under
Her Streets.
FIFTY MILLION DOLLARS
Fixed as the Capital Stock Of the
Construction Company.
FORTY MILES AN HOUR OR MORE
The Speed With Which All the Trains
Must Be Provided.
FIFTY MILLION DOLLARS
FORTY MILES AN HOUR OR MORE
PLANS AND SPECIFICATIONS IN FULL
ESPECIAL TELEGRAM TO THE p1sPATcH.l

ESPECIAL TELEGRAM TO THE D1sPATcH.l
NEW YORK, Nov. 15.-The Rapid Tran
sit Commissioners gave out to-day the terms
of sale and specifications for the construc-
tion of the rapid transit railroad which they
plan to have built The company getting
the contract to build will have the right to
operate the road 999 years The terms of
sale: as set out by the commission, are
briefly as follows:
The commission may accept whatever
bid it deems most advantageous The pur-
chaser must pay 10 per cent cash to the
city and must also deposit $1,000, 900, as a
guarantee of full compliance with the
terms of sale. Thirty days will be allowed
for the payment of the rest of the purchase
price of the franchise. In addition, the
purchaser must pay SS9, 247 10, which is
the amount the commission has spent since
Its organization. The company to build
the road must be organized within two
months. The capital stock of the company
must be $50, 600, 900, divided into $4,000
shares at 500 share. The company may
mortgage its property for $50. 100000 The
limit of fare permitted to be charged is
five cents, and the maximum rate for
freight 20 cents a ton a mile by the car
load and five cents hundred pounds in
less quantities
Big Bonds Required for Protection.
The work of construction will be at all
times under the supervision of the Board of
Rapid Transit Commission. The company
must give bond of 100000 to protect
the city and property owners from damage.
Work on the road must be begun within
four months from the time the contract is
awarded, and the road must be finished and
in operation within five wears of beginning
it The part between the city hall and
Fourteenth street must be finished in two
years: the part south of the city hall and
the parts between Fourteenth and Fifty
ninth streets and between Fourteenth and
Forty-third streets, on the east side branch,
within three years; the part between Fifty
ninth street and the Harlem river within
four years, and the road within five wears.
In case the corporation fails to begin or
finish the construction within the times
limited, it forfeits it's rights, and upon for
feiture being adiudged by the court, the
commissioners will have power to advertise
and resell the franchises and so much of the
road as shall have been constructed. and the
proceeds of the sale will be applied first to
the payment OF the expenses of the resale,
then to the discharge of any liens which |
may have been created. The articles of in |
corporation must be signed and acknow- |
ledged by not less than 25 persons Books |
of subscription to the capital stock of the |
company must be opened at once. The cap-
tai stock must be held by not less than SO
persons, and the stockholders must choose |
13 directors.
Must Be an Underground Road.
After the organization of the company |
and the sale OF the stock, the company must |
pay the State a tax of one-eighth of 1 per |
cent on its stock. and it will be deemed |
fully organized. The company may increase |
or reduce its capital stock at any time, or |
as often as it wants to, provided the Rapid |
Transit Commissioners agree. The COM
pany may buy all the real estate it wants to, |
and in case it can't agree on price with |
the present owners, it may beg lin condemna-
tion proceedings.
The company will not have to pay any
tax on any part of the road until the whole
is finished and in operation. When in
operation, the company must start and run
its cars for the transportation OF passengers
and property at regular times to be fixed by /
public notice, and furnish sufficient accom-
modations for the transportation of all such
passengers and property as shall, within
reasonable time previous thereto, be offered
for TRANSFORMATION at the stations.
The manner of construction from South
the line of Broadway and in Park avenue
above Thirty-fourth street shall be by
underground tunneling without disturbing
the surface of the street. In case of neces-
sity the excavation below Beaver street and
in the nelghborhood of Canal street, and at
such other special points as this Commits
ZION may during the progress of the work
determine, shall be made by excavation
from the street surface and all excavations
in Fourth avenue below Thirty-fourth
street, and in all other streets and avenues
above Thirtv-fourth street, NAV be made
in the same manner.
The Best Construction Demanded.
The best and most efficient system of
block switches and train signaling must be
adopted when the roads begin running. The
cars must be propelled by electricity, or by
some form of power not requiring combus-
rion within the tunnel The motor must be
sufficiently powerful to readily start a train
of eight cars, each weighing in addition to
its load of passengers not less than 30,00
pounds on a gradient with a rise IL feet
per 100 feet of distance, and the motor
must also be able to maintain the same
train at a speed of not less than 40 miles
per hour on a level gradient. Should each
car be provided with its own motor such
motor must be capable of exerting sufficient
power to comply for each car with the
dUoNc |
Each car must be provided with suitable
arrangements for beating and lighting, and
must have ample and comfortable seating
capacity for the number of passengers to be
carried by the car. Each station must be
provided with suitable waiting and toilet
rooms The platforms, stations, stairways,
galleries, approaches and passages must be
of ample size. In concluding the specifca-
tions the commission says: SIT is under
stood that under these plans and specifica-
tions railway is TO be built of the best
possible construction and having the high
est efficiency. The constructing COM
pany must, therefore, use materials
and provide workmanship of the best
ouality and shall as tar as possible intro
duce an artistic effect SO that the stations,
waiting rooms, platforms, cars, columns,
roofs. girders. walls and other visible por-
tions shall have pleasing appearance. All
steel, iron, rails, ties wood, stone, brick
cement, concrete, mortar, glass, paint and
other material used in the construction of
the railway shall in their respective ways
conform to the best standard of excellence
and be subject to test inspection approved
by said commission
VETERANS ENJOY THEMSELVES,