The New York herald., 1869-06-13
The TWfNTY-TH.RD STREET IAILROiD
SALE A EIZZiE.

Friday was the last OF the ten days within whic
the bidder for the Twenty-third Street Railroad was
to pay up give bonds and sign the agreement. The
bidder, Mr.. Sidney A. Yeomans, who is connected
with the United States Revenue Department, ap
peared at the ONCE OF the Comptroller, where there
was meeting Of the Commissioners OF the Sinking
Fund attended by Jacob Shaw, George Law, and
Hamilton W. Robinson, Of counsel, and ]. S. Hunt
OF railroad notoriety. The meeting OF the Commits.
sioners OF the Sinking Fund was then In progress
Mr.. Yeomans made application for q certificate OF
purchase OF the Twenty-third Street Railroad Com
pany, and on behalf OF said company Mr.. Hunt ten
dered $3.50 OOo the amount OF the bid and Mr.. Rob-
nson on behalfsof the Twenty third Street Railroad
Company. rendered bond signed by John Kerr and
George Law.
The Mayor, after consultation with his associates,
claimed, and the Commissioners decided that MI.
Yeomans individually bid for the railroad grant and
gave his individual card, aud that he alone could
have the certificate and that he alone must tender
the money and II must be tend red In his behalf,
and the bond must be given by him and sureties, as
the act quite special. The Mayor also called
attention 10 the fact that the Twenty-third street
Railroad Company was formed according TO the
articles OF association eXhbited several days alter
the sale and the bid by Mr, ieomans.
Mr. Hunt stated that he made the tender OF
$4,000 on the part OF the new railroad company
and not on behalf OF Mr. YeOmans.
MIR Yeomans was present and corroborated this
statement.
The Commissioners OF the Sinking Fnnd rendered
the certificate TO Mr.. Yeomans and asked from him
the $4,000 and the bond, which he declined. The
parties then withdrew and the Commissioners voted
TO reject the bid OF Mr.. Yeomans rs on the ground
that II was collusive and fraudulent, and secondly
that he had not compiled with the terms and con-
dltions OF the sale.
The Mayor took the ground that II the certificate
should be given 10 the Twentythrd Street Railroad
Company tney could, with perfect legal accuracy,
say that they were not bound to build the railroad,
because they were not the bidders he was also or
opinion that the railroad company could su1er no
inconvenience, because when Mr.. leomans received
the certlhcate paid the money and gave the bond,
he could sell or transfer his certificate and ms rgnt
TO the company or form a company himself.
Mr. Robinson claimed that the franchise could not
be assigned.
Acting Chamberlain Smith called Mr.. Robinson's
attention 10 the absurdity OF Mr. Yeomans being
legally able TO assign his bid OF the Twenty-thrd
Street railroad Company ana yet not being able TO
assign the privilege after he had paid for IT to the
same party
Notice OF the action or the Commissioners was
SERVED on Mr. leomans on Friday afternoon.
whether the commissioners will award the railroad
To the next bidder, Nathaniel Jarvis Jr, or whether
they VIII put u up again, " open question not yet
decided. lhe general sentiments around the City
Hail. 10y those who are cognizant with the crcufn-
stances, appeared To be that the whole matter was
device OF the railroad companies to prevent the
railroad lrom being built which will probably be
very good news TO the residents OF Twenty.third
street especially should II be discovered that the
aNhad spent It's force In one public sale.