New-York tribune., 1894-03-06
RAPID TRANSIT TALK.
yp LAUTERBACH's SYNDICATE STILL IN
THE FIELD.
>c,rsu CAPITAL HAS BEEN ADDED TO IT AND
FURTHER EFFORTS WILL BE MADE TO
GET THE FRANCHISE FOR AN
ELEVATED ROAD.

GET THE FRANCHISE FOR AN
ELEVATED ROAD
=, was reported yesterday that new syndicate
los in the field to bid for the rapid transit fran
o,,se in accordance with the Bushe plan for an
,,denendent elevated railroad. Mr.. Lauterbach.
Of Hoadly Lauterbach & Johnson, who was said
~ represent the new syndicate, Informed
Tribune reporter last night that new syndicate
had not been formed. and that the same old
syndicate which made proposition TO the Rapid
Transit Commissioners two months ago was
still in the field. and that it would endeavor
~ get the franchise if the Bushe plan were
offered.
.Tbc only thing new about this syndicate"
Mr. Iauterbach said. lis the addition TO 1t OF
some English capitalists. We think an elevated
road in accordance with the Bushe plan can be
built to give this city rapid transit. and we are
readv 10 bid for the franchise whenever it is
offered Our syndicate is entirely Independent Of
tho Manhattan Company. and is a bona-ide
organization of American and English capitalists.
II the Rapid Transist Commission meets to-mor-
row will appear before it and again state our
proposition
some of the men who in this syndicate
are stockholders ana directors Of the Brookl! n
Elevated Railroad Company and also Of the Last
River Bridge Company. one man whose name
has not as vet figured much in rapid transit
possibilities and who is said 10 he interested IN
the new syndicate is Austin Corpr some unlc
ago Mr. Lauterbach was asked II MIR Coroln
were not one of the men Interested in TINS syn
dcate and he replied that he could not answer
that question just then. Last night he was asked
again. and he replied that Mr.. Corbln might nave
an interest in Il.
1t was known at the time Mr Lauterbach
made his first proposal to the RAPID transit
Commission that some Of the men whom he rep
resented were interested in the Manhattan EIe-
yated Railroad and there is a growing impress
sion among people who have studied the RAPID
transit question that while the reported syn
dicate is said to have no connection WIN the
Manhattan Company, that the Manhattan COM
panv will nevertheless figure prominently IN II,
and that the Bushe plan. if accepted by the city
and sold will afford the Manhattan company
its desired extensions
There have been many propositions maze
recently about the rapid transit franchise Una,
announcements Of ones cause little interest
among people who want To see rapld TRANSIT III
This CITY that is SO far as the plan for an ele-
vated road is concerned 1t is generally ac-
cented that rapid transit can only be got 10y an
underground road. and propositions 10 further
dishgure the city with another elevated system
, are branded with popular disapproNal
r. T. Wilson said yesterday 10 a irlpuhe re-
norter that he had decided to do nothing further
with his plan for underground road nut that
no was still much interested in rapid transit
and that when the time came for an under
ground road 10 be built he would be ready 10
undertake 1t. .,
A well-known Wall Street man said yesterday
that something ought to be done Immediately 10
nnt sion TO the Rapid Transit Commission
work upon the unpopular Bushe plan' LeeS-
Iation he said should be invoked to end the
useless waste of the city's money by the COM
mission on Mr.. Bushes plan