New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1893-02-14
IrY TELEGRAPH TO rnE rRIrrNE.l

lpY TEiHGRAPH TO THE TRIrrNL.l
Albany Feb. i3.-Thc Real Estate Exchange RAPID
Transit bill has at lat been introduced in the Icgi,
Iat,re ba, chance a. is getting 70 the Governor
are slim. If il doe, ct there Il will depend much on
the power which Echa.d Croker and the Manhattan
Elevated Railroad Company have with The Democratic
majority fn the Legislature. The Republican members
In both branches willing to cast ,hcir votes In any
way that will give 70 Ncw-YoIk CITY practical and
fes sble means Il transit. but 70 gel this bin through
Democratic votes must be secured IN both Senate
and Assembly. How far Tammany Halls protection
OF the Manhattan Elevated Railroad Company Is To
extend account o. the deal madr between thr
representatives of that company and the bosses OF
that organization t. not definitely known, but IN"
action OF the twenty nine Tammany who voted
against an investigation OF the Rapid Transit Com
mission indicates that the deal is intended 10 90 muc
further than people Of New York City wish it to 60
The Real Estate Exchange has been trying for some
time 10 get Tammany Hall man in th" Assembly !"
present the bill that came in tonight They eNpcc''a
Percival Farquahar introduce il. but after i"hE
frec from the influence Of The committee r"pr'sehunS
the Exchange for twenty four hours he changed Ms
mind and introduced entirely different measure
The reason he gave publicly for this change Of mind
was that he knew that bill requiring the CITY 10
construct the road would not get through. This
statement Indicates that already orders had been j.
sued TO prevent the passage OF any measure tla Won"
be likely 10 take from the Manhattan Company any
portion Of the great monopoly WnCh ~ now enjoys
The Tammanv member ~ the Assembly who finally
has been induced persuaded to put the bill in Is
William Il. Ellison. a LAWYER. Of No. 229 broadway
New-York He represents tho XXllId Assembly
District. Mr. Edison has twice shown a
considerable amount Of independence Of organization
rules ard lie to I've somewhat above the average
Of the usual representative of Tammanv Hall who
comes 10 Albany to represent Ncw-NOrk City. lie
said tonight that be introduced the bill In good
faith; but. like FarquhaT. In case organization pra's
ure becomes too strong. he NAV come to see that
such bill cannot got through the legislature" As
soon he heard that the Real Estate Exchange bill
had been introduced Mr. Tarquhar fastened to as,c't
that he was personally in favor Of this bin, and
that he would do all In his power to aid Mr..
Ellison to pass 1t.
The Tribune in these dispatches. has given another
outside of the deal between Tan'many and the
Manhattan Company for the opposition to bill that
might solve the rapid transit problem. That j.. be-
cause such undertaking would put up lie city debt
to the constitutional limit. and Tammany Hall would
not have the pckngs from the many millions Of
dollars expended each in form another for
improvements.
The bill provides that If upon the first attempted
sale OF the underground franchise there shall be-
bidders bidder whose bid shall be accepted or
II any such bid become null and void under the
provisions Of the act, that If there shall he any
like fat gre upon any attempted second sale or resale
Of the franchise the Rapid Transit Commissioners
must the question whether the underground |
railway shall be constructed at public expense TO be
submitted to the voters Of New-York City. Within |
thirty days of the next general election the com |
missoners must then file request that such separate
ballots be printed and supplied TO the electors. They
shall read For municipal construction OF rapid |
transit road and against municipal construction OF
rapid transit road II majority OF the ballots |
in favor of municipal construction the rapid |
transit road shall be constructed and operated by |
the city.
Within thirty days after the result has been as |
certaned the commissioners shall again consider the
routes previously laid out and they Shall have power
to make such notifications as they deem necessary |
They shah then into contract for the con |
structon OF the road upon the plans adopted at
the expense Of the city. The contract shall specify
that the contractor shall build equip and operate |
the road paying annual rental TO be specified in
the contract. This rental shall be applied to pay
ment OF interest the bonds issued by the city |
for the payment Of the construction Of the road |
The remainder of the rental not required for payment
Of such interest is be applied TO the sinking fund
II there is sinking fund the remainder is 10 be |
invested sinking fund for payment Of the bonds
The contractor will be required TO give bond in |
such amount the commissioners shall require, and
to qualify in double the amount Of his bond. In |
the contractor fails to complete his work. the
commissioners may take possession Of the road and
enter into another contract. The contract cannot
be assigned without the commissioners consent.
Before awarding the contract the Commissioners |
must advertise for proposals ana the contract must
be approved by the Corporation Counsel. The |
Board OF Estimate and Apportionment shall direct |
the Controller TO issue bonds at n rate Of interest
not exceeding per cent These bonds not to
be sold for less than their par value and will be
free from taxation. Changes may be made from |
time 10 time by the Commissioners In the plans for
the road with the consent Of the Mayor the Controller
Corporation Counsel ard Board Of Estimate and Ap
portionment.
The Rapid Transit Committee OF the Real Estate |
Exchange met Assemblyman Ellison in his Office, |
No. 229 Broadway yesterday morning, ana delivered
to him the copies OF the amendment prepared by |
ex-Corporation Counsel Henry II. Becllman. Senator
Brown wrote to the committee, saying that he |
GREETED his inability 10 meet them but that the bill |
would receive his hearti.st support. Asscmblyman |
Farquahr wrote that he would withdraw his Rapid |
Transit bill and SUPPORT the amendment 10 the Rapid
Transit act prepared by Mr.. Beekman.