The sun. [volume] (New York [N.Y.]) 1833-1916, 1894-03-02
ACKNOWLEDGEMENTS.
TIE CHAMBER OF COMMERCE lehLNsr
mrs RAPID TRANSIT SCHEME.

A Vote IN Favor OF ar. Hewitts Pian for
city OwnershIp of the Road-Nr. wIison
Thinks re Mathew withdraw His ORer.
The Chamber OF Commerce refused to ap-
prove X I. Wilson's plan for building an
underground rapid transit railroad yesterday
at it's regular monthly meeting. and instead
adopted q set OF resolutions offered By ex-
Mayor Abram s. Hewitt Two weeks ago. at
special meeting OF the Chamber. a special
committee ON rapid transit made a report
favorine Mr.. Wilson's plan. and recomme end
ing that the city authorities. the Legislature
the Constitutional Convention. and the Rapid
Transit Commission be asked to take the ac-
tion necessary to enable the city to lend its
credit to the amount OF $50. 100000 to carry
out the project. Action on the report was de-
ferred until yesterday at Mr. Hewitts request.
MIR. Hewitts resolutions were as follows:
Res, vel That In the Judgment OF the Chamber Of
Commerce Of the state OF New York. additional sapld
transit facilities necessary to the growth aud
prosperity of the city Of New YORK that OF
credit would be Justinabs in case 1t is not found
sble after careful investigation and liberal conees
sion in regard to taxation and right Of way to secure
the construction OF proper system ot rapid transit by
private enterprise
R,,ops That In the credit Of the city IL used
the ownersh p OF the rapid transit system should be
vested In the city, but its construction and operation
now existing or hereafter TO be formed as may in al
annual rental such to be used Sin kng fund
TO retire M bonds o. TIE city and when the bonds are
R,.tv-L fnst her.stler the lease should b. sold to
scf6si by the city authorizes for periods not exceed
sE s e yss o HS ,p S ps0n hs S sns
ce.stul bidder shall purchase from the previous lsssss
far valuation 10 be determined upon BY .tbiifsion,
to be provided by spproprfss Legislation in retsrence
% ~ u, city bond: and TIE to- and
eTal supsrv.ion OF Board OF Enslnests SO as 70
sF fp Il. pspe Sse so III So@m.s
nS:d Nth power 70 aid to TIER pq%esT 70 confer
snce to the general plan Of the needed legislation.
MIR. Hewitt talked about his resolutions for
committee that the only solution OF the rapid
transit problem. having regard to the cost, was
perience OF London had been removed by
Ing. II had been made manifest. he said. that
sufficient private capita could not be obtained.
and 50 he the e the sas Sc
the city which would result In the road ulti-
mately becoming the property OF the city in
would Would be bidders Tor the franchise Within
6sn; fn the SSs York S%
that his company would seek the franchise.
pany would be another com petitor.
j, In e0nclusi9n, Mr.; Hewitt esPan, ne that he
rose nV o, opposns he speci"
port. He received an invitation from Presi-
dent Smith to come and make some remarks.
Mr. Hewitt caused laugh by suggesting that
the remarks he, made were. perhaps, not Just
what President Smith expected. but he could
not help that.
In reply to a question by John II. Inman.
one Of the Rapid Transit Commissioners. he
said he knew Of company that would lease
the proposed underground road whom built or
would build 1t and would put up one million
dollars as a guarantee OF good faith. MIR.
lnman replied that ono million would not be
sufficient, and he did not think q company
could bs found to bid on the route proposed
by Mr.. Hewitt He said he believed In Mr..
Hewitts plan. and was not particularly In
favor Of II. Il. Wilson's. but tho Wilson plan
was tho only one that had been backed up
before the Tia pid Transit Commission.
Louis Windmuller spoke In favor OF having
the city itself own and operate the road. He
said the city could build an underground sys-
tenn for little NOR, than the $50. OOO. 900 asked
by Mr. Wilson. He moved to refer the subject
back TO tho special committee. His motion
was not seconded. and Mr.. Hewitts rssolu-
tons were adopted. with only two or three
negative votes In q total vote OF moro than
100. Mr.. Hewitt and President Smith were
added to the special committee on rapid tran
sit and the m Getting adjourned.
After tho meeting M. Wilson said that In
view OF the expression OF opinion given by tho
Chamber Of Commerce. he had abou: made up
his mind to withdraw his offer He added that
there were some excellent features in Mr..
Howitt's plan. and in fact, he thought he rath-
er favored IL instead OF his own.