Publisher's Synopsis
Excerpt from Report of the Board of Rapid Transit Railroad Commissioners for and in the City of New York for the Year Ending December 31, 1902: Accompanied by Reports of the Chief Engineer and of the Auditor
It can hardly be doubted that, as from time to time it shall be the interest of the city to itself build any rapid transit railroad, which for public convenience and economic and efficient operation ought to be part of the system of the present manhattan-bronx and Brook lyn - Manhattan railroads, enlightened self-interest will dictate to their lessees a willingness or even desire to undertake them upon terms advantageous to the city.
The Board feels further bound to point out that, in the future, the terms of municipal rapid transit contracts can be, and, there fore, ought to be, more favorable to the city than was the Manhat tan-bronx contract. That contract, as was pointed out in our first report, was made at a time when there was a widespread belief among railroad and financial people that it would be a business and financial failure, and when it was with the utmost difficulty and after very considerable delay that the city was able to obtain a con tractor, and then only after the principal railroad proprietors in the city had refused to take up the enterprise. The remarkably favorable Character of the bid for the brooklyn-manhattan exten sion (being for one-fourth or fifth part of its estimated cost) demonstrated beyond a peradventure the very great value of the leases of its municipality constructed railroads which the city would be able to offer.
About the Publisher
Forgotten Books publishes hundreds of thousands of rare and classic books. Find more at www.forgottenbooks.com
This book is a reproduction of an important historical work. Forgotten Books uses state-of-the-art technology to digitally reconstruct the work, preserving the original format whilst repairing imperfections present in the aged copy. In rare cases, an imperfection in the original, such as a blemish or missing page, may be replicated in our edition. We do, however, repair the vast majority of imperfections successfully; any imperfections that remain are intentionally left to preserve the state of such historical works.
