New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1893-08-19
TO FIGHT THE MANHATTAN
MAYOR GILROY SAYS NEW LINES SHOULD
BE BUILT.
IF 20 CORPORATION WOULD DO 1T. THE CITY
HAS TIE MEANs-RAPID TRANSIT

MUST BE HAD.
Mayor Gilroy after long consultations with Oo'i-
troer Myers, Corporation Counsel Clark anu SUM
other heads OF city departments, made puohc INC
following statement of his views on the rapii wan
sit problem. and foreshadowing the purpose u
making the construction OF FapIu '"'''' '
municipal enterprise:
1.-THE action of the Manhattan company Is sur
prise to me and Is an outrage upon 'ne ,P
Transit Commission and the municipality. i"''
gave every indication of their Willingness 10 acceP'
the terms offered and / doubt If n single menper
of the Commission expected the present result Ina
tho Manhattan company have not acted III soou
faith Is very evident. They were fully aware 'H''
there would be expenditures cahed lot il NV
had accepted the terms of the RAPID TRANSIT IN"
mission, for than year at least' 'ha' nm"
probably being necessary to obtain the req""'
ronsorts and 10 complete the preliminary arrange
ments. .h,r,,
1.-THE Manhattan company seem " '" '
they bear no reciprocal obligations to the o,'S
They possess a valuable franchise. when pIoo"O'E
cost not more than $3O,O0O00O 1t is to-day oon"e'
for s3s 900 900 and stocked for s3O0ooOo making So
ooo 600 upon which the people of this city are ~
ouired in the payment of fares and other"Ise, ~
nav from 8 TO I per cent The earnings Va 'i
road would pay almost Il per cent upon ue '7".
mate cost OF construction, and yet while 'heE 10y
This rich harvest from this municipality 'e' w
not conceive that there are any obhsauon9 .,.''aa
,,non them In return Certainly from the at'i'u'0
they take the city Of New-York owes ho t"' 'l
courtesy or obligation to this company A"' ~
therefore should to it that this COMPANY VIC,
charge all their legal obligations to the pubic am.
that whatever encroachments they may NAVY ''-
,,non tbev should be compelled to deliver up anu
that every right that the city possesses as"'I'
company should be strictly enforced lheie '0
he no further dilly -dallying with this green! COT
roration and the Rapid Transit com"'ss'o" wv
we'll when they declared II TO be theIr P""p'
tint
az have never believed it to be in ACCORDANCE
NTH good pocy 10 invest public moneys IN prNa"
enterprises | have always believed that ''e
pa1ement OF municipal corporations III '"V ''ei
mate field OF private enterprises "o"'" par
such enterprises and would drive from our CITY
,riyota canital which might be invested therein'
prt think the time has come when this muhici-
nalitv must seriously consider the proprieE VI
building what every one admits TO DE aosoiu,e''
necessary-a permanent rapid transit ROAD Una.
will give ample facilities between 'he upper W
the lower end Of the city
..r s,u, an,er,an the hone that such enterprise
can be carried out by private capital II tiie 'e'iS
made by the Rapid Transit Commissioners anu 'He
Inducements offered by them be sufhcehuE at
tractive: but. If this cannot be DONE uieh al"
prepared to assist those who believe thal '"e oo,
struction of a rapid transit roau shouiu oo ~
a municipal enterprise
"Our real estate valuation to-day is over eight
cen hundred millions of dollars. while our net uep Is
only ninetyeight millions; we have thus, on limit Vi
10 per cent Indebtedness. the difference between
niney-eight millions and one hundred anu eisA'S
millions or nearly eghty-two millions OF mar >
gin This margin by increased valuation OF real
estate and the continual improvements going on III
our CITY, will increase instead of diminish ana
have no fear whatever that II VIII De necessary
10 change the constitutional limitation or lndepted'
ness TO carry if necessary by municipal authority
this great enterprise.
In relation to what he considered ATTRACTIVE III
ducements. the Mayor explained that ne favored
bestowing the franchise for the merest nominal
consideration to any company which would enter
into bonds TO supply the people of the city the
rapid transit they nees.
Members Of the Rapid Transit Commission are
reported saying yesterday that the latest posi-
ton OF the Manhattan Railway Company was
taken with the expectation Of obtaining conces-
sions in the of increased facilities for It's
present lines without conditions requiring the ex-
tensions These should be matters of subsequent
consideration. 1t BELIEF in TINS UNDERSTANDINGS
that induced the Commissioners TO act pfOHnptN'
and let the Manhattan people know that tl"y
rnisconceived the temper of the Commission anu Ol
the city authorities. 49,
When Russell Sage's attention was called To Mayor
Gilroy's statement that no outlay OF money neel
TO have been made under the plan Tor year OF
more, he said: Wei. this is news to me; Why did
not Mr. GilToy tell US something about TINS before
The Rapid Transit Commissioners have been Try
ing for a year down the Manhattan Elevated
with underground scheme ana now they
realize that they rapid transit.
AS to Mr.. Gilroy calling George j. Goulds note
'discourteous." MIR Sage said: "Oh, that Is a ques-
ton of literary style.