The sun. [volume] (New York [N.Y.]) 1833-1916, 1894-01-11
LIVE MEN WITH REAL MONEY.
<SToNISHMENr OF THE RAPID TRAM
SIT COMMISSION

Edward Lnuterbseh Says RE =. Ressy t.
Bid for the FrnnchI-s for Mr.. bushes
Road and Nnmo- the Capitalists whs
Have Money to Put Into the Unde-ishius.
Mr.. Frederick Uhlmann and the other
capitalists who are behind the Brooklyn Ele-
waited Railroad Company contem plate invading
New York and assisting the Rapid Transit
Commission to disnRure streets after the man
ner OF the Bushe plan. Mr.. Edward Lauter-
bach OF the firm OF Hoadly. Lauterbach b
Johnson, counsel for the brooklyn Union road.
made the announcement yesterday at the
meeting OF the Rapid Transit Commission.
President Steinway and Commissioners Bushs
and Porter were tho only Commissioners pres-
ent when the President announced in q loud
voice:
Now. Mr.. Lauterbach. you wish to take the
floor and say something. The floor IL yours"
Mr.. Lauterbach had with him Chief Engineer
Cornell OF tho Brooklyn Railroad. He began
his speech By citing his experience as n rail-
road lawyer Then no described how the
Brooklyn elevated had grown from five miles
to twenty-five miles Of road. Including In its
qualifications all Brooklyn" lie proceeded to
tell about the two new bridges that were 70 be
built across the East River and the crosstown
elevated railroad that was to be built In con-
nection with them. They hadn't the right to
build their elevated yet. he admitted. but the
matter was In the courts. and n favorable de-
clson was expected worry soon. He went on to
cay that thor crosstown road would be a great
adjunct to Mr.. Bushes plan.
At this point Com missioner Inmnn came in.
Mr. Lnuterbach said il would he easier to got
capital to build a $500. 900 u mile elevated road
than 1t would n 81 900 OrO q mile underground
road. Here Commissioner lnman interrupted
him with the questions: -
What il your line Of argument anyway Dir.
We'll" responded Mr.. Lauterbach. "I was
just coming to i, represent gentlemen who
are Interested In cooperating with tho C"m-
''%95fSP9D H s"ii l mri f fHmau.
Mr.. Lauterbach said that Engineer Cornell
had been over the routes with Engineer BoGart
u the Board and that he had made q report
that was entirely favorable to the carrying OUT
of the plan. Here Mr. lnman interrupted
'What Is the object OF your talk horsY",
:, Mr.. LauterUach hesitated moment and
It has been suggested that tho Commission
desires to know whether II they. prepare and
found to bid for them"
Yes" said Mr.. Inman. Now. what 10 10
Mr.. Tauterbach Flushed as he ontinued: II
want to say that II the terms Of sale are any
sent will bid on H. In other words. u this Com
mission again takes up its place in the rotpnds
build a road there will be honest. bona ade
bidders; mon who are willing to carry out their
ahead wit, what thoy undertake."
Adolph Ladenburg President Of the Brooklyn
Elevated Railroad; Frederick Uhlmsnn. Brew
ers Ruppert Schaefer. and Bernheimer and
some Philadelphia capitalists, Mr. Lauter-
bach said. were the men he represented. It
was their desire to connect the projected road
with the Brooklyn elevated lines, and to allow
passenger to ride from an part OF the Greater
New York to any other for i've cents
Good said Mr.. Bushe.
Excellent sald Mr.. Porter.
Superb" said Mr.. Inman.
We thank you deeply" said Mr.. steinway,
his voice trembling. You are the first man
who has come here and named real live capt.
talists. Heretofore all the capitalists we have
heard OF In this business have been mythical:
good faith and good cash which we have heard.
Now, gentlemen" said Mr.. steinway. we may
Better sing the DoxoloGy 6rst." suggested
Lawson n. Fuller.
O'Clock.