New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1893-01-13
REAL ESTATE MEN ACTIVE.
PUSHING THE RAPID TRANSIT DIsCUs-IGN-TIiE
COMMISSION TO MEET TODAY.

prsEING THE RAPID TRANSIT DISCUS -ICN-TIiE
COMMISSION TO MEET TO-DAY.
Rapid transit problems will be discussed generally
In all quarters during the next few days. juiging from
statements made by those who have ideas Of their
own concerning this interesting and important subject
Real estate dealers and owners especially active
The members OF the Real Estate Exchange moving
quietly and they believe effectively, in securing in
dorsements OF the resolutions presented by X. V.
Harnett and adopted against protest at the regular
public meeting held in the Real Estate Exchange on
Wednesday Of last week. meeting OF the thirteen
directors Of the Real Estate Exchange was called
yesterday by George r. Read, president Of the Ex-
change for Monday afternoon 1t is expected that
the directors will at this meeting indorsc the resolu
tons offered by Mr. Harnett at the public meeting in
the exchange last week the memorial presented
to the Rapid Transit Commissioners by Mr.. Harnett
at their meeting last Friday Mr.. Harnett is confident
that the directors Of the Real Estate Exchange will
hdorse his resolutions and memorial The resolutions
presented by Mr.. Harnett at the public meeting last
week, and adopted declared that works OF consruc
ton TO supply common need beyond the reach Of
Individual efforts to satisfy, should be undertaken BY
municipal agencies and at the public expense. and
managed with less regard to profit than the public
convenience. The concurrence Of wcilinstructed
opinion after years OF consideration favors the con-
stucton OF an underground road similar to that which
has been located and planned by the Rapid Transit
Commission We advocate legislation which under
proper safeguards shall make provision for the
skucon Of such road by the city, and for It's opera
ton under appropriate public supervision"
Two days later Mr.. Harnett read memorial to
the Rapid Transit Railroad Commission, explaining
the action taken IN his resolutions at the public
meeting In the Real Estate Exchange. The memorial
went further than the resolutions, declaring that as
IN immediate remedy II considered that the ee-
waited railrond companies might have additional ter
mlnal facilities and additional track under proper
conditions by which compensation for private prop
gty taken should be required. The directors of the
Real Estate Exchange will be asked to indrse the
foregoing propositions at their meeting Monday.
William ste1nway, president Of the Commission,
has modified his views regarding the granting Of new
privileges to the present elevated railroads. Mr..
steinway declared to Tribune reporter on Wednesday
Of last week that he was opposed to granting any
concessions to tho Manhattan Railway other than
Q third track all lines and better terminal facill
ues. Now he declares that he is not opposed 70
two cross town lines Of elevated railroads, one up
town and the other downtown. Besides these cross
town lines Mr.. Steinway that he Is not opposed
% four tracks the Third-ave line from Ninth st.
DOWN the Bowery to Chatham Square. Mr. Steinway
g1ll firm In his belief that rapid transit can never
% had BY elevated roads, and he Is as strongly In
mvor OF the underground road as he has been all
along.
4, The Rapid Transit Commission will meet again
WiS afternoon NO. o. wiiiiam-st. Mr.. Stcinw ay
and Mr.. Spencer III, and owing 10 this The meeting
may be postponed until Tuesday. Representatives
Union Will be present to make formal protests against
Granting concessions 10 the Manhattan Railway