Word: cincinnatis
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Fifty-four years ago, during the free-spending administration of handsome U. S. President Chester Alan Arthur, the Cincinnati Graphic proposed for Cincinnati a subway for speedy transportation of the city's workers from the "Basin" business district on the north bank of the Ohio River to the uplands east, north and west where they lived...
Eighteen years ago, after several decades of lively discussion and legal preparations, Cincinnati went to work on the underground. Seven years later it had the excavations and stations for a subway. Cost: $6,100,000, financed by a bond issue...
Today, and for 18 years past, the subway has been a rat hole into which Cincinnati's tax money has been poured at the rate of more than $1,000 a day in bond interest. By the time its bonds finally fall due, in 1967, the Cincinnati subway will have cost $19,000,000. It has never carried a passenger. Once during a bitter Depression winter, a score of shivering hoboes holed up in one of its diggings, until they were driven out by the police. But no tracks were ever laid in its 2.6 miles of underground...
...Cincinnati's subway is ever to be used, it must build a loop through the Basin from its present downtown terminus. This would cost another $6,000,000, and the whole project would be handed to the Cincinnati Street Railway Co. for operation of its cars. The transaction would be without rent, which the company is nable to pay. Face to face with this apparently insoluble situation, a group of leading Cincinnatians resolved last week that something must be done about the city's hole-in-the-ground. Last week they met at the Sinton Hotel, organized...
Chairmanned by Attorney James L. Magrish, they divided into subcommittees to work out a plan. Since no town feels it is grown-up until it is pierced by a subway (Chicago is finally digging one), the most likely result of their deliberations will probably be an attempt to sell Cincinnati taxpayers on the downtown loop, send good money after...