New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1903-10-26
UNDERGROUND ELECTRIC RAILWAYS COMPANY
OF LONDON.

From The Evening Standard, London. Friday. Octo-
Der 10 1868
A general meeting OF this company was held yes
terday. at Hamilton House. Victoria Enbankment,
Mr.. Charles T Yerkes Chairman Of the company
presiding.
The chairman said the first report Of the
pany showed that it had I'd June so last
ceived out Of its resources total amount OF cash
Of f6,5ls6T2 Is. ID. and had spent Of that sum
e 900 90 Is ID leaving balance Of 40 6s. ID
which was at the London and Westminster Bank.
and also on hand and at short call An amount Of
&c ess 81 los Of profit sharing notes had been
negotiated and II was from these notes. and also
from the sale Of securities from the different com
panies with whom they had contracts. that they
were realizing the funds TO carry on their work or
construction. After these notes were negotiated
the total OF capital required was then as
s,rred and he congratulated the shareholders on
the fact that even in these hard times. the com
nanv would certainly not want further funds 20
finish its work These notes were payable at the
end OF five years at interest at the rate OF per
cent Since the company was formed It's business
had been carried on continuously and with vigor.
The power house, being the most important part OF
their work had received the fullest attenLon ms
k1yenra snd with the exception that more time
had been used in its construction than tney n.1l
II had been the desire OF the management 70 pur-
co1s---irtton and while they had accomplished that
10 great extent, still there had been some ma
fact that 1t could be produced there much cheaper
than n tgia93 IL rms in Great Britain and Up
TO the present time the only morey Vhich mao gone
elsewhere had gone TO Germany for the reasons
You no doubt aware that the NetTo darat
with electricity and may say that tie 9 Tue
I3h go we have nut IN and are working TO South
Harrow has been Of great service TO US tor the re
son that It discovered TO US some deec}s IN teCn
anisT and also showed US what IT would Dc 10 our
advsntase TO ADOPT t +ne sZires have Seen Very
exhaustive and we can polnL Nh "a +ces ,bch
have developed recently, the lmpor lance OF nom
Hammabe material in our tunnels mas Deen Iugn
have decided that nothing infammabie in the way
oI been INV opinion and all my endeavors have
tended that end-mPo OF "a, mr. Re Is q
electricity means fire Il net properly guarded and
the only way to prevent IL Is 20 contact hy itb MAN.
nabie fire can easily be prevented if proper care
experiefnGe' .saeer but one underground Is an en-
very h t,.. e1a-ter Therefore cannot sneak
too forcbly in regard TO risks being taken by hav-
4abe' stations will be made entirely, Of cement
while those of the District road which are now
The wooden stairways viii also be removed and
ron 81 "a pattern OF our own and the CONSTRUCTION
as far material is concerned. will De most care.
to give the public perfect confidence n using under
grouno, ra .h.S bosa on ne surface The under
ground work on the Baksr-st; and waterloo Road
ished and attention is now being turned 70 the
cor OF this line. IL Is desirable We
have II ready simultaneously with the metropolitan
District road We expect 10 make a connection Pc
tween these two lines the Chartng Cross StAloI
OF the District Railway. The Baker Street anu
Waterloo Company have also decided 10 eAienss
their lines from Waterloo Station 10 Elephant ano
Castle and the work here is now being plShSsu toI
ward RAPIDLY while the extension rom f'anSI-sC
TO Edgware Road is about TO be commenced. Wen
this latter is finished the line VIII ne SUI tss
carried to Paddington. The other hnes, t nc
Great Northern. Pccadilly and Bronlpton aaH tr
Cyharing Cross Euston and Hampstead, ar s
good progress In all this work II is OUT z,eat 49,,
sire TO give the publ. facihties o r,sronni,s and
from the crowded districts ot the 20
our plans and efforts TO that emu Snetp r
TO the suburban districts IS the only ming "a bi,
solve the problem and other Ionoo,is mus De,,N
nm on the outskirts OF the present city our en-
beavers Will also tend 70 conhess tsat shs,a viii he
es nearly az we possibly can. so tnat thre VIII "
but little Inconvenience 20 pas =, IN To1SoS
from one 10 another The acquiring OF te ~,
United Tramways has been great s,.g sotb
cr,- ara we intend 20 connect cirectIy Dot4
,be Great Norfheru Piccady and brompton ana
the District Railways with inat liz, ,n,as na
g. ,erg 20 have an almost uflinterru pteo psrase
go 81 t.8s s,a also from FinsDury Park 10 Harnp
Court" ....,,,,, aaop,ad and a vote
OF thanks 10 the chairman ana oifeo''S N'' 49,
FfrC