New-York daily tribune. [volume] (New-York [N.Y.]) 1842-1866, 1860-05-30

SALE OF THE FERRIEs.-The sale OF the Fulton,
South Hamilton. avenue, Wall-street, and Catharine
Ferries with the lease for the term of ten years from
Hay l. 1861, after having been postponed from date
70 date since the Eth of last December, at last took
place yesterday noon at Room No. 20 City Hail. under
the personal superintendent Of Controller Halves.
large number Of capitalists of this city and Brooklyn
were present, among whom were Messrs Cyrus L.
Smyth John $. r. Stranahan, Arson Blake, and John
Blunt, ex-Msyor Berry, and AID Cashaw, OF the
former city, and Messrs Geo. Law, Ben. Wood, and
Jacob Sharp, of New-York. The auctioneer w. S.
Duke esq, offered the franchise, after reading the
following among other terms of sale
By authority In him by the Legislature Of
ofhe City Of Newi ok subscriber Controller ofsai city,
viii t public auction TO the highest bidder with adequate
Hamilton all street and Catharne street ferries or
all the nights pyieg aud advantages Thereof belonging to
Corporation thu City Of New York Said ferries to b.
they such slips landings and premises are
owned by the Corporation or have been reserved ana
100. Hamilton s1cne Broyn may b. At the foot said
avenue the vicinity thereof and in the or cases IN
which the Corporation not The owners Of the slips landings
tor snaton now Ssd BY said e CT any portion ns nsso
vicinity il the lessee shall 80 elect at bis own cost and e1
pense. ..,.,,.s',. a.. ,.... ,h.,
the shs the sad ferries at uniform rate OF
fare not exceeding the p-,ent the at that time
dute the Of aid lease shah be deeued and held to be
forfeiture Of and the sad lease thereby become abso'
luts " nuil and void
than Of hose, the quality and
dimensions used by the FIRE department Of this y to be used
for the ghment VI Tres whenever regud by the Ch
Engineer hi. assistans for which services the lessee will
receive $50 peT hour Tor zach hour 90 engaged"
At the conclusion Of the reading, MIR. Arson Blake
gave notice that he a. the owner Of certain property
on tie Brooklyn side Of the Hamilton Ferry, and
should consider all persons occupying said premises as
trespassers. The sale then commenced with a bid
from Cyrus p. Smith, esq, of $4,000 the amount Of
the present leases for the Union Ferry Company.
Messrs Hayes IA Wal-street broker, said to be in the
interest Of George Law and c. k Garrison followed
with bids of $50, 900 and So 600, aud the price
$1,000 with each bid, until the sum of $4,000 was
reached Then there was dead halt Finally, Mr..
Smith bid ss6, 900; Mr.. Garrison said $87 900; Mr.
Hayes retired from the field. The two st-named
gentlemen pushed each other up with 81 600 bids until
at last Mr.. Smith secured the purchase for the Union
Ferry Company, at the round price Of $1,000
Mesrr sm It'll and Stranahan gave the requisite oblga-
tons snretes, and passed over check for $2cooo
in compliance with the terms Of sale. Mr.. Smith re-
marked that after next May the rate Of ferriage woud
be tTo cents au that the New Workers had driven Tue
Company 10 this course. The Controller Expressed
himself wen Satisfied with the amount realized ior tue
leate.
I.naa