New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1873-06-03
THE PROCEEDINGS.

Those who answered to their names at the
meeting yesterday were Messrs. McCue, Van Anden
Kingsley Barnes Marshall, sprague, sOcum Prentice
etranahan Hustled, Mayor Powell, and Senator Henry
Murphy, who occupied the chair The report OF the Elk
ecutive Committee was then read as follows:
To ne Board Of Directors The Executive Committee
respectfully present their report for the year ending on
the is OF May 1873 The construction Of the bridge has
been successfully continued for the past year with
fsfactOry The foundation Of the tower the
1871 and the masonry above high water commenced
II attained So feet In hight above that line, and
purpose II Is expected that IL Will be completed TO the
Brooyn side, which had attained elevation year
ago 100 feet has been carried 20 hight OF 1872 and
Contracts have been made for the necessary TO
complete it, which viii DO done during the present sea-
In addition TO this work. the land necessary for the
Brooklyn anchorage extending on both sides OF James
the law authorizing its appropriation the excavation to
the depth Of 5 feet for the foundation has been com
work for the year is as yet presented by the Chet En-
on leave OF absence for four recruit his health
somewhat shattered by exposure In the caiEsons The
snTSed Sy the Of the superDtendent herewith
presented in which details Of all the contracts made
will be found well the history OF the work Tor the
The financial condition Of the Company win fully APP
setVeS from aii sources on the list Of May 1874 e23
g. including $4,000 on sale Of NewYork City bonds
there had been expended at that tune ~ O6S9 49,
including s245O0O purchase OF New-fork City bonds,
"A balance
1894 81 There has been received during the past year,
from all eOurees $50 including t2so0O on the sale
expended during the year tlso39 g. leaving balance
on hand on May l. 1873 OF Ngl4g 10 including Dalanee
on May ls7S. The details Of the financial oper
ations OF the Company Will be IN the accompanying
schedules The treasurers statement Of receipts and
May J. 1873; the general statement Of receipts for the
year. the general statement OF expenditures for the
YEAR the detailed statement OF receipts during last
year showing from what persons and sources they have
been received the detailed statement OF expenditures
Tho los veal gho n VI
purposes they are made; and general statement OF the
receipts and expenditures for the month Of May 1875
Appended 10 the Treasurers statement is statement
OF the assets and Liabilities OF the Company not con-
20 ss2s27 &C. OF which the sum Of si7227 20 is for
materials sold and the balance, Sl5 400 s Tor nsta
j. due from the CITY Of New-YOrk aud $751; 400 from
private stockholders On the other hand the liabilities
IysS So for aud Ssso9 and for the land taken from
the CITY Of NewYOrk, $4,000 being the precise amount
from that city and left unsettled by request OF Con-
The nsalments Of the capital stock called in in all
90 per cent Tue City OF Brooklyn has paid N4OOOOO the
CITY OF NewYork, including the $4,000 above men
tooed $4,000 ana private ~, s'CeRhopsE sL sSicS
g. f5OOOOo 20 per cent, amounting 70 100000 which
Will sufficient 70 carry on the work Tor another year.
is. T. sTRGSHAS, H. c. MURPHY, President.
Upon motion OF Judge McCue, the following resigna-
ton Of Mr.. Kingsley was then accepted;
TO ne Directors Of ne Neto York Bridge Company
GENTLEMEN: ] am constrained by the feeble condition
physiclaus tender Dy resignation General Super
intendent Of the NewYork Bridge. The duties this
Once are 50 OnerOus and important that they be
discharged, with justice to the interests involved, with
ont constant and attention. Ny doctors inform me-
and my physical condition sustains thelS conclusion,
tbt II s absolutely necessary that should abstain from
sSIve business and give the greater portion Of the
enc YEAR 10 recreation and rest cannot consent 70
continue the discharge OF the high trust you have de-
vowed upon while unable 70 yield to II that measure
nj attention and labor IL requires. shall remain
sockhoder and director, and IN their capacities Will
s req ta y interest and pride important
prise are undated. Commenced Ia the presence OF
much opposition and carried forward against the mach,
Inaons and ISLANDERS OF many enemies the substantial
progress Of the great structure has e over
every obstacle and today our most apVISpste %
dicatiOn In order that there may be no Delay 10 the
100 md sSsence beg leave To withdraw from the
nee Of General superintendent very
Followipe this Was the superintendents animal re-
mort which upon motion OF Gen. slocum, was read and
ordered ~ be printed. II as follows;
Since my report the work upon the bridge
has been steadily pushed forward and Is at present
oeedng satisfactorily. During the year 66l6 cubic feet
masonry have been added 20 the Brooklyn lower ana
u DOW M ieet above high water me stonS 70 az a
elevation Of 30 feet contracted for last season. and
with exceptions. has been delivered as rapidly a.
oeGred All OF the stone under that contract Is slapped
and Will arrive IN time Tor The WORK A contract nAs
~ The arches 70 the COP Of The tower, q
portion Of which VIII be delivered this season.
No accident OF any kind has happened either TO men
or machinery at the Brooklyn tower during the year.
but the work has progressed steadily and considering
,,SS Of stone was Suspended Nov 49, ism and re-
snned March n, 1879. The filing Of the HewYork
ss's0n ,S VIII p the masonry ass at once resumed
Vas continued witeout interruption until December
- masonry was resumed on March n. and has con
inOed unnterppedy since SS@ tse Lover o SSS o
I'D to complete The tower 70 TIE roadway at an eeYa
700 Of 40 rect which go5 bsos ssHSSeo 20 s a Se
I9oeaS Tor more stone for the tower at once IN
esdeF that TIE wors @ay DO eor 10 purchase the