New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1894-09-30

the property is. they will become purchasers
am talking as a real estate expert. I sold lots
IN Madison avenue for $4,000 $4,000 apiece
thirty years ago They opposed 10 horse
car railroads They came up there and lots SOLD
for $40 OOO That is the point want to make.
This road would increase the value Of Washing
ton Heights property, and will put valuation
on il that will reduce the taxes of this city, and
the road will take you everywhere you want
to go"
F.. H. Thayer spoke at some length. In part
he said:
1T is evident and manifest that the Third
Avenue Railroad Company to-day is doing all
that II can do for that section. 1t has only
its outlet over Third avenue below l25th street,
and the population on the west sides does not
want to 60 10 the east side. 1t cannot Increase
It's facilities Of passing below l25th street II 1t
should have the franchise OF the st. Nicholas
avenue the Boulevard and the kngsbrdge ROAD.
So that If a franchise was granted to the THIRD
Avenue 1t would be disadvantage TO all the
property. all the people. all the population ABOVE
i25th street on the west side. So far as the
Traction Company Is concerned In every ac-
quistion which 1t has made. In the observation
u all men-you gentlemen OF this committee 90
not need 70 be told that-they have made the
road better; they have given convenience Tor the
neonle in the neighborhood and over every part
- the line which they traverse going in any d.
recion they have 10 T. possible to transfer for
one fare to any part Of the city that they desire
20 60 The Traction Company. since It's ac-
qulremcnt ol the Sixth avenue, We all know, mas
a. speedily as It could be done. turned its tracks
over 59th street through Ninth avenue and they
made that accommoda, lion for all that territory
as far up as l25th street. The trip to the centre
part OF the town. ne shopping district. 2Sd
street-can be made in equal time that II can be
made upon the elevated road SO that say that
the population. the owners OF property above
I25th street II this franchise is made TO the
Traction Company. will have the same accom-
mediation which all the population now has on
the west side between the Central and the River
side parks"
Mr. Dyckman. the largest property owner with
ont execution In the entire section. added just a
word. saying:
81 think il has been substantially and fairly
stated what the will Of the people Is there.
know the people thoroughly. | think. | am en-
tirely in favor Of the Metropolitan Traction Com
pany putting their road there. and. therefore,
pray tina, your committee VIII grant them the
franchise"
/.
There is one thing | want to say in regard 10
this franchise and that ic this offer 10 give trans
fors 10 other roads. It has been stated that they
already amount to 100000 day on the traction
lnes That. IN round figures, is $1,000. In one
year that amounts to SlSOOO00 as privilege
given to the people of the city. and In five years.
believe IT would amount 70 over S3ooo,OO0 which
they offer to give to the public, which the other
yiV haVa pI CLOSELY
the operations Of this road and its construction,
and think it has been unequaed in the history
Of city. think the franchise should be
given TO this company.
John Keogh. speaking for the vorkingmen pre-
scented resolution OF the Citizens Alliance OF
the Eighteenth Assembly District. indorsing the
application Of the Traction Company. He added:
II want also to say on behalf OF the working peo-
pie. that we are just about entering upon long
winter. The Traction Company can put 500 or 1000
men at work at once Now. II for no other reason.
the Board ~ Aldermen should take this fact into
consideration because 1t will tend to alleviate the