Year: 1875

fhOIEor AGAINST THE THIRD AVENUE


RoUTE-MR. SAMUEL B. KuGGLEs PREDICTS


GREAT INCREASE OF REAL ESTATE VALUES


FROM RAPID TRANSIT.


Another meeting of the Rapid Transit Commission
held yesterday but definite conclusion was ar.
rived to the selection of route which is the first
business in order before the final adoption of plan
Mr.. s. L. Phillips. President of the Third Avenue Rail.
road Company, accompanied by Mr. Hart, the largest
stakeholder in that line, appeared before the Commits
sion during the afternoon. Mr. Phillips made short
speech which he said that he had by the public
prints contemplated to build rapid transit road
through Chatham street. the Bowery and Third avenue.
As representative Of the Third Avenue Railroad he
wished 10 present earnest protest against the seec-
ton. This street the main artery of the city of
New York The erection of the piers and supports Of
elevated road would cncroach upon its width
already small for its commercials seriously
inure the value of property along the road destroying
the stores places of business and the houses hab
tations 1t would also nure seriously the Third Ave-
Horse Railroad, in which s4 900 900 invested
by the citizens of New York. The profits Of the road
were much less than people imagined. Mr. Phillips
contended that only six seven per cent was
earned the capital invested from fares averaging
five and one-quarter cents EACH being the amount
gained as profit on each trip Taking 5000 900 tho
amount Of profit for any year. this would only
per for the stockholders Last year less than
six per had been actually saved It would prove
seriously disastrous vested interests for an elevated
road to come into competition with horse railroad
where the profits small The wisest route yet
suggested to the Commission far the side Of
the city concerned that of the Cornclls If
elevated road were erected over Third avenue the
directors of the horse railroad would not be slow in
pconing the Legislature to allow them to
than horse power This would result in competition
between the two roads, having between them the
travel that ought be monopolized only by one. In
this contest the surface road would largely have the adj
vantage The Cornell plan of locating the road on Lex
iugton would result in drawing the travel from
Madison and Third avenues. He (Mr Philps) thought
this plan the most sagacious He deemed it his duty to
say that he did not know any of the Corncs and had
connection whatever with them The selection Of
Third route would destroy millions of prop
erty which had grown by the energy and industry OF
the men who live on the line Of the road.


This understood TO be the substance of the argu-
ment made before the Commission by Mr. Phillips As
usual the proceedings secret, and il was only
after adjournment that an outline of the gentlemans
speech could be obtained.


PLANS, SUGGESTIONS AND COMMUNICATIONS


Mr.. l.. Kirkup an engineer, sent in lengthy COM
municaon embodyng the following suggestions The
least distractions small wrought iron columns and
plate beams spanning the street from curb to curb
To block tho streets with massive bridges will meet
with much disapprobaton from property on the
line of the If elevated road Is built mod
crate expense strong and safe leaving the contractor
fair remuneration mot millions of dollars, seem
expect for his and trouble then the public
have cheap rapid transit five cents from tho Battery
to Harlem and palace for those who want them al
eight ten cents. Tho stations will he made OF iron,
the foundation of such depth will insure a solid
hold with granite block stones and the best concrete as
a base and the columns of wrought iron to stand


fifteen sixteen feet above the sidewalk The cost to
be about $3.50 per milo Of straight line for tracks


Mr. Alfred Maynard, OF williamsburg also sent in q
plan for an elevated road.


Mr. John Schuyler transmitted letter saying that he
is forced in order TO perfect with tho capitalists up
holding his road the arrangements required by thG
Commission to ask them TO report his avoraby
with the following proviso THAT he shall fully satisfy
the Commission before their corporate powers shall
cease that the necessary capital required construed
his road upon the route already submitted is subscribed
in good faith, and guarantee to that effect given


Mr. J. NJ. Hannah writes to the Commission hoping
that no one will DO so located necessitate
another IL mt any point. Such will be the
if the Greenwich company permitted to cross
to the East River South ferry Bowling Green II
permitted to Eighth He further says
that the Greenwich street company have ample scope
their present route and should improve that before
attempting to head OF other companies


Mr. b. j. Black wished to know II he Is not too late Ia
lay before the Commission plan for elevated road
His invention, he claims, is novel one there being
obstruction the street, and very simple construc
tion and expensive hearing will shortly be


INCREASE OF REAL ESTATE VALUES ny RAPID TRANSIT b


The following communication from Mr. Samuel B.
Rugplcs was yesterday transmitted through Mayor
Wickham the Commissioners


NEW YORK August %. 1875.
To the Hon WILLIAM H. wIcKHAm, Mayor of the City Of


MY DEAR M sn-n compliance With your personal request
%en the value Of the real estate in the city New YORK.
north o Fourteenth street assessed for taxes and the
r"p% transit and afeT three weeks spent in scecns and
fetal Sources and especially from the Hon John wheeler ons
OF the Tax Commissioners now have the honor Of present
o the city which have dSide into seven consecutive seo-
Snbrr Within rs limits of bniIdnr lots Of he oTdnsrs
dimensions Of twenty feet front after deductns spaces
e5er with the aggregate assessed on the lots and
With ss GRTs tor on each Il o the ws
summary Of the whole =