Albuquerque morning journal. [volume] (Albuquerque, N.M.) 1903-1926, 1909-08-29
Highland Street Car System to
Be Built BY Property Owners if
Suitable Franchise is Granted

rs every lot 50 assessed will be worth
additional many times these amounts
II is safe to calculate that at least
tWo-thirds of the property owners
benefited will acQuiese in their allot-
ments of stock. This, then, would
supply a net working capital of STA
ESQ per mile. which would build a
lirst-class line with modern up-to-
GATE equipment. free from any IN
cumbrancc. Tn" payments can be
made so cas- by distributing them
over a period Of six months or more,
that no property owner win be in
conNcniencod, and when The line is in
operation The owner OF a tlftN-foot
lot has not even made the small do
nation that Twenty-Five dollars would
be to him for such an Improvement.
but has the actudl worth of his money
in stock in a carefully and ccOnOm-
ically constructed car system. without
paying any IN a dollar bonus or
profit.
As We all Know that the future of
Albuquerque is very promising. it is
reasonable to suppose that this STOCK
win be worth more than par in II few
years. There is practically no doubt
but that the system would pay opcr-
Iting expenses from the start, but
even though it did not for a year or
Two, the small deficit could easily be
arranged by the board OF directors,
as "A lien against the property.
The necessity for Il comprehensive
street car system, if We expect Albu-
qucrquc to make the city hat she has
the license To be. is So obvious that
details need not he mentioned. II is
also equally apparent that a popular
system upon tho cooperative plan
would be much more conducive to the
future growth Of the city thar could
possibly be expected of 4 privately
owned line, as extensions would I'M
doubtcdly be made from time to time
that a corporation, ont for big divi-
dcuds, would not undertake.. the
proposition is neither novel nor un-
business like, but extremely practical,
anG so easily within tn reach of oar
citizens that there II no longer be
any excuse for a hampcfcd ana re-
stricted city growth because OF an in
adequate street car system.
At the conclusion Of the reading Of
working plan. the question was
opened for discussion. Nearly every |
present had suggestions to make
it was noticeable that every sug-
gestion was made in a spirit that
business.
con. d. X. r. Sellers, who resides
n the l%owlands, took an active part
n the discussion, giving the meeting
he benefit of his experience Of some
Wo or three years ago. when ne
worked for several months ON a
Highland street railway proposition
which was dropped because of inabil-
ty to secure a satisfactory franchise.
lir. sellers turned over To the chair
nan notes for between $1,000 and
10000 which he stated had been
igned by property in the
highlands. who would have put up
cash the moment they had been
allied upon. The remarkable state
nent was made by Mr., sellers that
,nly two people on the entire route
Il his proposed railway had refused
o subscribe toward the enterprise
his statement was noteworthy. mas
much as ii indicated the feeling to-
Yards the construction Of a street car
Ystem over two wears ago. Since
hen the agitation for the line has in