Show A Lost 0pportuhity Philadelphia recently came nearer to having a systemof underground transit than she may ever come again if the statements ot a caitpalist to a reporter of the Record were not exaggerated exag-gerated by disappointment Aocord ing to his account a number of rich men decided last spring after careful consultation and inquiry that an underground un-derground railway was a practicable and promising project and secured guarantees of 6000000 for its con struotion The total length of the line was to be fifteen miles There were to be stations at intervals of six blocks All thegpreliminary work was laid out and a lawyer was instructed to draw up the Articles of incorporation At this point it was discovered that a special charter by the Legislature would be necessary jnaamuoh as the the expenditure for construction would exceed 60000 a mile The application ap-plication of this law had been overlooked over-looked and during the discussion of the project the Legislature had adjourned ad-journed It was then suggested that the charter of the elevated railroad prelectors should be purchased and 100000 was offered for it but the offer of-fer wag As it is says the despondent despond-ent capitalist who tella the story we are compeltely tied up and in a hole to boot and unless we can see a way out of the difficulty and that we are not sanguine ofthe project may be considered as being indefinitely postponed post-poned You can consider how advanced ad-vanced were our plans from the fact that we had ascertained how much it would coat to purchase the buildings OB the line from Market to Vine in order to kayo an undisputed right of way underneath and that the cash for the purpose was forthcoming New York Tribune |