New-York daily tribune. [volume] (New-York [N.Y.]) 1842-1866, 1860-04-06
Gpetial Notifies.
oyUcE OF THE UNION FERKY Co. OF BROOKLYN,
March a. 1860.

March q, 1860.
TO the Hon henry D. MILLsK,
CAGirmaa Of the Committee Commerce and NdrgafioR
srs The minority report made by the Committee a' appears
by the psper absact thai the ferries Of this Com
pany be susned cent fare for foot and
claims evidence Of that fact that this Company has not made
before the Committee any denial Of its That the
Legislature may be med by this staten ent beg leave to
you that the widely different % those assumed
And this respectfully refer 20, to the affidavit Of
hr Smith Of Febusry 1860 which believe has been
placed befcr the Committee.
The ferries cannot be sustained at cent.
From careful examination Of the accounts Of the Company for
the year ending st May he to which the annual
made up apparent that by reducing the fare On
foot passengers cent and the usual dividend Of per
cent per snnum would be annual loss Of
about 5Oo0 ascertaning this lo find that OF the
receipts from vehicles and 30 cent from
foot passenger By deducDg from the later half the redno
cent farrell and the expenses Of running the
fes this result IL accurately misunderstanding In "eT-
pensts the dividend Of per cent the ockhoders whose
Sney and the depreciation Of boats and fixtures BY wear
and tesr.)
The business Of the year ending May 1885, better than in
any preceding year. and the estimate thus based the receipts
and dsbursomen of that year. that favorable to those
who claim nnaOn Of the fare. is thus evident that the
reduction Of fare to cent would necessarily lead reduc
ton the number and quality Of the boats the frequency their
p the convenience and safety Of passengers and would there
FORE most iuuiousy affect the interests Of Brooklyn
The stock of this Company held by five hundred differ
ent persons half OF whom reside Of the Cities Of
Brooklyn New York and oneourh of the entire number
conEirg Of estes and females They have received
dividends Of than eight cent per annum for the use Of
their money.
The articles association he charter under which the Com
psny eOnduce expressly guard against any inducement to
charge rate Of fare than sufficient TO provide for the n
efficiency and safety Of the ferries and paying reasonable
psnssOn the stockholders whose money used and ked in
conducting the ferries by declaring that's The net profits shall
be applied payment dividends upon the capital stock but
amount than Of ten pc. cent per
shall be paid thereon The surplus profits II any shall
be applied the improvement of the ferry ferries" But W
tbs par value thereof and eli liabilities and charges thereon
here should be and remain any surplus ae then and such
Gaze such surplus shA be paid free gin to the Brooklyn
City hospital"
receive than average dividend Of per and that
the Directors of the Company have motive for charging
any higher rate Of fare than is for the best condition
Of the e and the interests and safety Of those who esosi
thereon.
ray add that the stock Company has been Or years
past much Of he time, below par and seldom, ever, higher
thar Eve per cent shove
The Company managed exclusvely by residents on Long
IASnd-all but being citizens Of Brooklyn
now and has been the aim Of this Company place
the fare the Lowest which the ferries be sustained
consistent with regard ter accommodations efficiency,
d safety These considerations vastly important 10
of Brooklyn than feage. None
wesa rejoice than the Directors Of this Company whose
tssesls property would be greatly promoted thereby
could be maintained their present scale at that
Ise but the certain knowledge which they possess that such
rate would almost If not utterly ruin the Company whose
ntei they elected by the ockhooer 70 protect t1d
woud as certainly prove disastrous to the community whose
for the being ued to their they would
be the ust the other they Soneurred
in any way reduction contemplated by the advocates Of
one cent ferriase Your obedient servant
J. A PERRY
Secretary ard Treasurer Of the Union Ferry Company
County Of Kings City Of Brooklyn, Joseph A. Perry be-
That he is the Secretary Treasurer Of the
Union Ferry Company CT Brooklyn and the charge Of and h
naI sc9sned with the books and accounts Of said
Company which end by defendant under his
statements
tanned In the foregoing letter TO the receipts and expenses Of
number stockholders thereof
The sld Company and that each and
Of the other contained in said letter true he
verify believes. j. A. PERRY.
sWorn to before me- this 27th day Of March, 1850.
BENJAMIN X. TRUE, Notary Public.
Tenth Ward Republican Assecfatiou.-A regular
meeting Of Association will be held THIS friday
LVENlNG, April g. at O'Clock B. y. SHAFFER, Pres'E
WILLIAM kELIoCK, lc.......s..
CHAHLBs E. KUGLKR, SeS4o@'0''
The Rev. III. Grattan Guinness
WILL PREACH: