New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1898-01-15
COMMISSION GOING AHEAD.
RAPID TRANSIT MEETING ON MONDAY
APPLICATION LIKELY TO BE MADE NEXT WEEK
FOR CONSTRUCTION OF THE BOND
OBSERVATION-DISCLOSURES RECENT DEvBI~
opMFNTs IN THE SITUATION.


orMENre IN THE SITUATION.
Tn sn,te OF the decision OF the Metropolitan
Street Railway Company not to pld TOT inc
tunnel contract the Rapid Transit Con'nis-
.,oners are proceeding with their work on the
lines they had already laid out. the Coh'iao'
Committee which has been consulting ior sew
eral weeks with prospective BIDDERS Is no"
formulating its report and will submit IL 10 'he
Commission at Its next meeting on MONDAY ai'e'
moon Some definite action is expected or tho
Commissioners at that meeting. IL Is prooaoie
mat the Commissions counsel will appear be-
fore the Appellate Division OF the Supreme court
late in the week TO make application for the
order putting the Courts rapid transit decision
into operation The counsel, 1t is probable VIII
endeavor 10 have the order 30 phrased that IL
will settle the disputed point as 70 whether the
stimulated s15OO0,OOO bond is intended to cover
.be ner,od Of construction or Of operation.
The letter OF the Metropolitan Street Railway
Company declining to enter the field as
bidder for the contract for building the tunnel
road caused wide snd general disappointment
When the Metropolitan company WAS announced
rs q possible bidder tho public was incllheo 10
fee, encouraged and to believe that the realiza-
ZION O. real rapid transit vas not 50 DISTANT
after all
The reason for the retirement or the Me'Io
pciitan company from the field, ct least ior the
time being, did not seem satisfactory 10 i'os'
naonIe The reason given was he declaration or
the Manhattan Elevated Railway company VI
,,s intention TO equip its road with cleo
tr4c,tv 10 4 motive power and to extend Its
system to care for additional traffic That the
Manhattan company really intends 10 carry out
,H,s nrovramme nobody Who l;nows the history
., that company believes. Said one Wall Street
MAN Yesterday who IS an old and & close oD-
eerver:
..rhe Manhattan people are b.ufang They 90
not intend to put In electricity or build new
branches or anything OF the KIND. Ihey nave
always made similar bluffs whenever RAPID
transit seemed near 20 beln9 Te@ii~sU Oh"
their interests consequently near 10 sunei
Ing The Metropolitan people o'd 'he pest 'iii'3
they could do under the circumstances ~ was
rnanifestly impossible to 70 ahead anu MANI u
b,d for the tunnel contract when the Manha'-
,an nso,la had come out with proposition or a
promise to carry out improvements along INC
lines suggested b. Mayor Van WycN 90 ho'
think the Metropolitan people believe IN 'iie siH-
cs,.tv of the Manhattan people any more than
= DO but they had TO call their oiuil' 1he' nave
1naaa the latest move IN the game and' IN my
,,rinion II was a mighty clever one TOO ~ 80
now the Manhattan's move. Let them sho" 'ii1
neople whether they mean business or not Let
Them make good their promises Even 'He'
s,oun do so. who believes that 1t wouIo per-
manentIy solve the rapid transit prop4eil'' -
"a not in the elevated system 10 90 IT,
Most New-Yorkers will doubtless cIoseIy watch
,hs elevated company to gee what 1t Will do
Meanwhile the conditions that confront INC ''lu1i
who is SO fortunate as to be forced 70 80 up
town al 3 OF o'clock p. m, ana come uo"H'ONi
at S or o'clock g. m, are steaoHy sLowtne
worse Day before YESTERDAY the c'u .s h We
.o fearful at the City Hal station that the priel
DELAY in the arrival Of train gave uihe ~.
,he crowd TO increase so that there was amos
a panic. and several women Iante1 a. ''i ho,;daV
90 be carried out. The crowds at the honoaS
season Just past were greater thaf ever anu
confusion and delay in traVe! reacheu Po',,s
never before touched IN all the Sau llis.o -, 20
the roismanaged elevated road Nothlns is Delne
done by the managers OF that road TO improve
circumstances or TO give better service. Ihey
seem TO be al their ropes enc.
The Metropolitan Street Railway company nsS0
also tacitly acknowledged its naD!lty 10 manure
successfully It's long distance trafnc &C
knowledged 1t by the declaration OF It's ;n'en-
tion TO bid for the tunnel contract II IN no
other way. The game has now reached POM
where the next move belongs TO the elevated
road and its action Will be awaited WIN III
terest. xx..,
National Bank who Is a member Of the Execu.
tive Committee Of the Board OF Directols VI
the Manhattan Railway Coinpally' seu 800
day. THE equipment OF the elevated rall S'.as'
1,,th e,ectricity is a large and expensive work
and must be undertaken with care The SUB.
feet. which is in the hands Of the president OF
the company has been looked INTO seaIchin o,I;
nv him No contracts have been let Inc presl-
dent has yet to make his report to the directors.
The proposition Is TO equip one line hrst IN oroer
10 determine II there are any faults 10 De cor
rected before the whole system is equipped
The stock Of the Manhattan Railway Com
Many on the New-York Stock Exchange yester-
dav got I'D TO 1901. but subsequently felI 10
III On realizing GALES. and finally closed at
111z which was a loss Of / per cent from
Thursday.