New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1894-01-12
THE NEW TURN OF AFFAIRS.
HOW THE RAPID TRANSIT PROPOSITION
Is RECEIVED.

WHAT MIR LAl-TERBACH SAYS ABOUT THE PLANS
OF THE CAPITALISTS - RUSSELL SAGE
TALKS OF TIE ATTITUDE OF THE
MANHATTAN RAILWAY.
The Rapid Transit Commissioners to have
taken a new lease OF life now that live capitalists
have Interested themselves in the rapid transit
problem. Mr. Bushe said yesterday: Il have faith
that the readiness Of these capitalists promises
success for nv plan / knew some time ago that
they had decided make bid for the franchise.
and | know thai something definite Will be done"
Mr.. Lauterbach. who represents the syndicate,
composed Of Frederick Uhlmann. Adolf Ladenburg.
Jacob Rupert Henry Schaeffer, Simon f. Bern
hemer and Others in speaking Of the plan said
yesterday: IF we should be successful in bidding
for the franchise we have 100000, or $4,000
mile to put up build a road. We favor the Busne
plan it stands-a route on the East side ana
also the West Side. taking in West-st'
Seventh-ave and the Boulevard, Centre-st, Fourth
ave. and Fourteenth-st. The money has not actually
been aside, but Will be available at any time
the franchise is offered for sale
Austin corbins name has not yet been authorita-
lively mentioned in connection with the syndicate
but it Is though; that he will be one Of those 70
came a director of the Brooklyn Elevated Railroae
organzation are in the scheme there IS little doubt
that he Is among the capitalists tribune re-
thing about II.
MIR Thmann. who is at the head Of the syndicate,
Is in Chicago The connection OF Mr.. thlmann and
the other capitalists with the Brooklyn elevated
railroads and llso with the proposed East River
bridges may be part of scheme to help the
Brooklyn roads Of their present difficulties by
giving them NewYork connections.
In Wall Street it is thought that the proposition
for rapid transit lines in the interest of Brooklyn
elevated roads will affect the interests Of the Man
haitian Company The opinion was freely expressed
that the only result would be that the Manhattan
Company would eventually control rapid transit
Mayor Glroy declined yesterday 10 express any
opinion regarding the proposition Of the capitalists
in connection with the plan of Commissioner Eu-
gene L. Bushe for .ifectlng rapid transit
Russell Sage said yesterday. with regard to the
rapid-transt scheme:
Il have not examined the plans sufficiently TO
express opinion upon them. am not in favor
lines. The Manhattan Will probably be able TO
work with them in friendly spirit. But II -
somewhat surprising that capitalists can be found
I'm these times willing TO undertake the task. IL 10
way that hurts We have been working at this
question for the last fifteen years and we haven't
got entirely through yet. | have not been willing
have the Manhattan put up a new dollar until
want TO obstruct any scheme. But what con,
fidence this shows. when nearly every one Is tnid!
Some time ago, when Mayor Gilroy talked about
being able 10 put a lot OF obstruction in the way
terms proposed. | made mild answer. expressing
surprise at the violent and radical utterances OF
the Mayor Ii great mistake Tor MN 10
talk So and how does il encourage capital 10 nave
haitian Railway, which has added at least S5,V"""U
to the taxable property OF the city,? .
Il don't to talk about any matter mat must
come before M officially he said. "As regards
rapid transit the trouble is that We have had TOO
much talk / would Ike have less talk and 10
have something accomplished