. Review of reviews and world's work . mittee had held a seriesof conferences with the PubHc Service Com-mission and had given much time andthought to the various offers made by repre-sentatives of the existing transportation it is not too much to say that noother municipality in the world has beforeit at this time so serious a problem as thequestion of rapid transit for the five millionsof people who live on Manhattan Island andin the contiguous territory. For the city ofNew York the creation of an adequate trans-portation system is a matter of far greatermoment than is the buil
. Review of reviews and world's work . mittee had held a seriesof conferences with the PubHc Service Com-mission and had given much time andthought to the various offers made by repre-sentatives of the existing transportation it is not too much to say that noother municipality in the world has beforeit at this time so serious a problem as thequestion of rapid transit for the five millionsof people who live on Manhattan Island andin the contiguous territory. For the city ofNew York the creation of an adequate trans-portation system is a matter of far greatermoment than is the building of the PanamaCanal for -the United States canal will have cost the Governmentabout $375,ooOjOoo. For the completion ofthe New York subway system on the plansof the McAneny report an investment of$257,000,000 will be required, of which thecity itself will be called upon to furnish?$131,000,000 or considerably more than one-third of the entire cost of the Panama Canal,which is, of course, a national enterprise; but. PRESIDENT GEORGE MANENY, OF MANHATTAN ;BOROUGH(Head of the New York Board of Estimates Committeeon Rapid Transit) to meet this relatively large outlay the citycan count on a greatly increased margin ofcredit within the next five years as the resultof increases in the assessed valuation of tax-able property, while the natural increase inpopulation will, it is estimated, add 70 percent, to the traflfic within ten years. Inother words, by the year 1920, there shouldbe added to the receipts of the transportationlines a billion five-cent fares per annum,—a round $50,000,000. What itMeans tothe City The public has never been con-cerned so much about the financialaspects of the New York subwayscheme as about the details of routes andtransfers. There has been an insistent de-mand for direct access from the southernportion of Brooklyn to Broadway, the busi-ness artery of Manhattan, while the comple-tion within a few years of the QueensboroBridge has given
Size: 1233px × 2027px
Photo credit: © Reading Room 2020 / Alamy / Afripics
License: Licensed
Model Released: No
Keywords: ., bookcentury1800, bookdecade1890, bookpublishernewyo, bookyear1890
