The New York herald., 1870-01-19
COMMISSIONERS OF SINKING FUND.
ORGANIZATION OF THE EoARD FOR 1870.
The New York officials Aiming to Benefit tho
Residents Of Brooklyn-Prcposition TO
Have the Fares ON the Brooklyn
Ferries Reduced.

Ano ohpers OF the city government, 10 wh0n In
ntrusled the management OF the fund debt of the
city, and who are known as the Commissioners OF
the Sinking Fand, met on MONDAY aftarnooon for
the purpose OF organizing for the current year ana
Tansactins such business may come before them
The Mayor-A. Oakley Hal-was chosen a. prcsidcn,
ana Mr.. w. IL. Dikeman secretary. large amount
OF routine business was transactel after which the
statement OF Mcssrs. Wilson g. Hunt and John 7.
Acnew, appraisers OF the land belonging TO the
Corporation OF this city which the New FORK Bridge
COMPANY propose to purchase was received. The
report places the value OF the land $50 ooo mo
report was acce pied and ordered on die.
communication was prcscatcd from sha Union
Ferry Company OF Brooklyn ~ follows:--
orrIor UssIoS FEHsy CoNpAsr oy
TO rnE coMMIssIcsEEs or rnx SINKING FUND OF run
.n are the nth. the
viii expire on the ist day of May. 1871.
m ms cspesy respectfully ask and s see 6 nsy sas: Of
oe such sns saa ~ @ = o. s.
Ne NsT i9ss sass Company oF Tic term OF teu years fron
The asking for new ls.se al ,h,s ums ars
r,na.r hs M M sn be made to sur
anist and make such alterations the neccses Of the
ssoad--To such alterations ami construct new alp
ana landing. and consequently new erryhouss at sMton
70 siaon order 70 keep the -tAssaay o. 100 Patton
desyn se nse sr suse AMI Il @ noa
not be Justled In expentng OF
THIS company running these ferries purpose
ton q. " % be
pen ted IN the Improvement OF the ferries rhe vial interest
depends upon snsssaey ..fs,y ferries.
ca OF the Fulton ferry and the company desire TO anc
Objects .' "e 40 '''1''
sii ss + H Fl !s fs,F'ss 81
BY 9. r. SAITH, Managing Director.
The communication was real by the secretary.
"a Ia he aIutin
were offered and ad0pted:-
Whereas the New York Bridge Company having sp-
andcommons u the city ot NV YORK OF hs and ".
he on h s s % @ o s lower Of
the sd.sgram accom- mp;anying the sppIostioni aud
wilson q Hunt and John Aanex " apprsise The value Of
such value =, c and soa sna & a. oass b. .nsa
foy tue proposed pos purpose; ana =, - =, ~, ,,.,
Company under lease trn .he city Tor Terry purposes. %
60 operate ths ferry running to that pom and
s.S % a s .d er
Of hr na p',s ets SaS atsa e S a1s1 % s the saa
atious and eonsiuc, sip aud lAndus and ohe
CHANGES win involve an outlay Of from ID xibaO.
prssrnl lease and aytiinS
bsa 10 Ser sn Y
sns. matter ,ss paSs !a,sss.s .Sss sasaS.s
kesoyei Tns tas SAID .pplsaion q the Union Ferry
such an equitable lease % The ssd company A. ,he crc%n
stances shall seem to them To justify.
After the TlnSaCtiOn OF some further routine
business tue meeting adjourlod. The committee APP
pointed by the above resolution met Immediately
after the adjournment OF the LSard and prepared
the following communication, which Will explain
ITSELF
NEW YORK CITY, Jan. II, 1870.
DEAN Stn-By resolution Of the Commissioners Of tho
Sinking Fund eomnuncallon " them OF December3
l,6g has referred "io make such equitable
lease OF the Brooklyn ferries circumstances
justify"
proceeding consider your reasonable
attention srst acted " the S,ow ing
sentence :"fhis company not running their ferries
for The purpose Of maAn money being restricted by their
nrtces OF association toen cent aiens the srpus
to be expended Ia the improvement OF tho rerries
Meeting yon upon thai platform. representing the
tlnp OF profit and the demans o. constituents
cheap travel entirely satisfied that the
chises In the hands OF r city authorities should bs disposed
OF Ut the lowest rates OF fare consistent with due efficiency
and safety OF tho Terry We propose, therefore,
make lease OF The Catharinc Fmol all, South aud
Hamilton ferres, and after the hrst of May
u,crey nominal rent condition that Company,
csses to reduce the for
cent nnd make also reduction Of nity per
fares charged for Wo
that the difference between the cents and
fcrrisge OF much consequence 70 o tho work
classes and your present pardon ns for saying high
Of vehicle feriages severely tax racsmen carmen In
deed all who participate IN tho commercial ra1c betw
| our great ces Very truly. your ooeiicnt scryaoIs,
| A. OAkEY HALL,
RICHARD b. CONNOLLY