New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1893-05-19
A RAPID TRANSIT DEADLOCh
GEORGE ]. GOULD WANTS TO ENJOY lhfE'
HE COULDN'T DO So He SAYS. IF MANHATTAN
WERE TO BUILD TIE PROPOSED


There was no meeting OF the committee on 'N
tension OF the Manhattan Railway yesterday an"
nanc has been called. Judging from the expressions
of promInent directors the attitude OF Ia" company
In view Of the ultimatum OF the Kappa Ir"''''
Commission. will be one OF mastery ih"c'N'N'
George J. Gould said yesterday that u" was no'
an xiotis 10 build the proposed extensions Even 1t
the franchises were valuable their ncccpanc" w"nl'
mcan the expenditure Of S2OOO0oO0 or s2''o''
OOO and a great deal of labor on his part "l Wish
to enjoy life nc said. and l cannot do 80 II 1
assume tho task Of executing the plans OF IN" 'om
mission. As business enterprise ihis worn Is ho'
eagerly sought" Mr. Gould said that he was salts
fled TO have tho Commission make oihcr arrangements
II the terms offered by the Manhattan Company Were
not satisfactory.
Russell sage said "Thc conditions wmch some
Of these people wanted 10 impose upon lis are
palpably unjust and cannot be accepted Manha
tan. in It's present condition. is worth 800 share.
IL would not be made any more valuable bv a.
quirng the right TO buili into desert, for the
annexed district lines woul. not pay for many years
10 come The only pr life source OF rcvenu" thIt
the Manhattan Company now has comes from the
Third and SiXth-ave lines. We brilt suburban
road-thc extension from Second avc-sX years ago
and what ha, been the result We have simply been
paving in,crcs upon this structure which Is not
having and never did begin To pay for hs"lf. What
privileges do the Rapid Transit Commissioners ch'r
lis None. They sag we NAV have certain r'cWS'
hut these rights would not prevent the formation oi
other companies. The competition with cable roads
and other surface roads is great, and the Manhattan
cannot afford % accede 10 the demands made upon
1, in this new direction. suppose. for argument :
sake. that another company get, the prviies" to
build these lines: what will be thr result TWO
fares. because the new company will he abl" to
charge what It requires. and the transfer TO me
Manhattan will involve the extra fare. But then.
whore would III, business from for the new com
nsd a., of tcn hr new
bv other interests. will be sold ~ auction fnr 30
cents ON The dollar OF their cost. Manhattan Is
doing very we'll In It's present condition. and n
member 0f the Executive Committee Of Tn" directors,
! am In no hurry change its policy.
Robert VI. Galloway said The Manhattan Will
never submit to the tax Of per Il, proposed by
the Commission. That may be- accepted A. fore
gone conclusion. Tn" problem Of rapid transit VIII
have 10 he worked out On other lines
Commissioners Bnshe and siafin. 10 who's" action
was due the rejection Of the Manhattan Company
proposition Oh "Wednesday. had nothing 90 say for pub
Iicatlon yesterday. Mr.. Bushe sent the following
let er to George J. Gould yesterday:
MAY 49, 1898
| To the Manhattan Railway Company. George j. could
esq, President.
Dear Sir: / am directed by the RAPID 1anst Commis'
you that the commission after cohsh'fhe
the questions l' open after your a>t IN
| terview them have determined a. follows
tirst-rhat il cannot assent 10 the suggestion tnat IN
determining the net receipts which the per cent i to
be paid by you the city treasury is u be comph"n
there shall deducted from gross earnings thc IN
present and future bonded ihdebtednc-s
Second-1hat view OF your suggestion a. to the pos
sible OF portion Of the extensions pro-
posed be built by company the board i Wiling "
mod requirements that within three years ate inc
completion proposed tranch line or extension 10
Fot George, your corporation shall cNthd anu ooml'
said branch less than tracks along the hihg'
bridge Road Broadway the northern city limit by
provison that your company shall extend ana compete
such twotack line 70 kncbrdrc within two years atf
the compet the branch line 10 Fort 6corec anu la'
within after the completion Of tn" extended e
to Klngsbrdgc you shall complete the extension TO t
| limits.
| ThIrd-Ihe does intend that the per
paid by 10 the city for the granting "
these franchises 10 accrue until you snail
have completed commenced the operation of 80 much 0f
tho proposed extension viii extend your line TO FOrt
George.
The commits adjourned 10 meet Tuesday next al
z 40 d. In BY time they would be pleased To ie-
cciyc your reply the propositions heretofore snDntn a.
modified by this letter Yours respectfully,
r.. l.. BUSliE, S@crrtaiy