New-York tribune., 1903-02-28
A YONKERS TO CONEY SUBWAY
CONTROLLER CIRCUIT ASKS ALIERNA7IVE PLAN
FOR INDEPENDENT LINE.
Company Build Sample NoUing Platform from 7hroae
Central Station
READY TO START 1T ONCE
Pennsylvania Contractor Willing to
Build WoJ1ng Platform .Sub7oay

George w. Young. president of the United
States Mortgage and Trust Company. and
StuyVesant Fish. president of the Illinois Cen
trail Railway, are not a little annoyed, il is
said. at the manner in which the application
of the Multiple Speed and Traction Company 6
proposition for continuous railway moving
platform for transporting passengers between
the bridges and the Battery has been received
by the city officials
Max Schmidt. of Schmidt & Ga1Iatin. No 10
Broadway, the brokers representing the COM
pany. said yesterday that his company had
proposed to the Manhattan Elevated Railway
to put sample continuous railway on the
tracks between the Grand Central Station and
Third-ave, ard to have the road in operation
within five months.
We are confident" said Mr.. Schmidt yes
terday to a Tribune reporter. that the Man
haitian and Interborough people will accept our
proposition IF they do, we shall be able TO
present TO the people of this city an object les
son demonstrating that we are responsible and
that our proposition to build a moving plat
form between Williamsburg and the Battery
is perfectly feasible and in good faith l vio-
late no confidence when I say that Mr.. Young
and Mr.. Fish greatly interested in the
plan Indeed. if they were not interested in it
they would not he directors of the company.
The practica bility of the scheme was demon
strated at the exposition in Paris. where three
miles of platform operated successfully.
At the meeting g citizens in Williamsburg last
night Alderman Holler said that Chief En-
gineer Parsons raised a question as to the
responsibility of company to do what
promise. Well, besides Messrs. Young and Fish,
have in the directorate Cornelius Wander
bt. S S. Palmer, of the National City Bank;
Moses Taylor Pyne, E. P. Ripley of the Santa
Fe Railroad. and several other we'll known
capitalists.
I'VE are ready. as soon the city gives us
the franchise, to file bond for the faithful
performance of our contract, build with
own money a subway between the Battery and
the Williamsburg Bridge. and run our railroad
10 Williamsburg Over this line will carry
passengers for single fare of two cents or
sell three tickets for five cents. Mr.. ORourke,
a Pennsylvania Railroad contractor. is ready
and willing to begin work on the proposed sub
way the city wakes up to its own
interests and let's us go ahead.
LAS yet we have had scant consideration.
Our proposition was referred without discus
sion or hearing by the Board of Estimate and
Apportionment to the Rapid Transit Commits
sion and by that body to its chief engineer, Mr..
Parsons l am confident that the Rapid Tran
sit Commission and the Mayor and Controller,
when once their attention has been drawn to
the matter, will see to il that we get full
and fair hearing. The merit of our proposition
certainly demands it. \ moving platform rail-
way between the Battery and Williamsburg. as
we propose, would take from the Brooklyn
Bridge about one-third of its traffic. and re-
lieve the congestion by just so much When
the low fare at which we are willing to trans
port passengers is considered it is easy TO un-
derstand why the people of the Eastern Dis
trict of Brooklyn and the people of the financial
district who wish to cross the bridge are anxious
for our scheme to be tully tested.