It will be recalled that this franchise was for an elevated road and not a subway. With the interests of the city placed ahead of their own financial interest, the Union Traction Company management first secured an amendment of this franchise so as to permit the building of the subway between the two rivers, and, secondly, secured a further amendment under which they were allowed to construct their portals upon private property, that at the east end being acquired by the new [Philadelphia Rapid Transit] Company at a cost of upwards of half a million dollars*, and that at the west end requiring the construction of a separate bridge over the Schuylkill River. While, therefore, the enterprise, as originally conceived, was of doubtful success from a financial standpoint, these people, whom it is popular to think of only as looking after their own interests, took upon themselves an additional expenditure of several million dollars solely for the best interests of the City of Philadelphia. The work is now completed; it is a monument to the unselfish public spirit of the financial interests which attempted it, to the skill of the engineers who designed it and the contractors who built it, under difficulties never before encountered in similar work. Whether it will pay directly is a question yet to be determined. If, however, it should bring to the management of the present operating Company, the Philadelphia Rapid Transit Company, some recognition from the public that their interests are first considered, it will at once prove a profitable investment.