New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1874-07-01
THE EAST RIVER BRIDGE.

IMPORTANT MEETING OF THE BROOKLYN COMMON
COUNCIL CoMMITTEE-MoNEY NEEDED MMEDI-
AIELY FOR THE CONTINUANCE OF THE WORK.
The Brooklyn Aldermanic Committee, ap-
pointed to the propety Of the city subscribing
the amount necessary for the continuance OF work on
the East River Bridge, met yesterday afternoon The
particular question the acceptance OF the amenda-
tory act passed by last Legislature II provides that
the Mayor and Controller OF NewYork shall appoint
eight Directors and Mayor and Controller OF Brook
lyn shall appoint the number, and the persons 80
appointed with the officials shall constitute the Direc
tory. The private stockholders to he retired The
bridge is declared TO be public highway The act pro-
yide also that in addition TO the amounts already sub
scrbed by them the two cities respectively author
lied bonds at per cent interest per annum
NewYork is to pay to the Company 100000 in 1874 and
the IN 1885, and Brooklyn sO0o,ooc in each OF
those years The two cities are to hold the stock In the
Company Z" in addition 10 such, they may otherwise
hold equal the amount paid by them, for which
purpose the capital stock of the Company shall by yir
tue such payment be increased TO the amount thereof
from time TO time the same shall be paid"
At the meeting yesterday there present Aldermen
Platt Richardson, Ropes, Rowley. and Howell. OF the
Committee, Mayor Hunter, Controller Schroeder Gen
socum Judge McCue William c. Kingsley, Seymour L.
Hustled, ex-senator Murphy, Corporation Counsel De
Witt, Park Commissioner stranahan, and Others.
The proceedings were opened by ex-senator Murphy,
who gave review OF the original charter and the pro-
gress and estimates of the bridge enterprise The cost
he said was fixed originally at 100000. but II was
found necessary increase that amount The directors
were empowered complete the work and borrow the
money necessary TO do this. Brooklyn subscribed
sOocOooo and New-York N.5oO0Oo. one-tenth OF the
whole subscribed by the private stockholders.
Thus far $s5oooo has been expended being the whole
amount paid in The amended charter gives full control
TO cities. and rettres the stockholders Inc
great question for the Committee to decide whether
rnrE
the total cost Of the bridge at ns.ooo.ooO.
leaving 100000 to be provided. The change
The roadway wdened from 70 to IS feet, aud
will be i've feet higher than was first cal
cuiated The NewYork caissOn 80 feet below the
OF the water, and the removal OF powders on the
BROOKLYN shore entaiied an outlay OF $4,000 For the
purchase OF and $50000 has thus far been expended
Mr.. Murphy concluded by stating that New-fork was
as greatly interested III the bridge Brooklyn and he
urged the Committee TO pledge the City OF Brooklyn TO
pay s2OCOOOO carry the work. In reply TO ques
tiOn by Alderman Ropes. ex-senator MURPHY said that
aeut The provisions of the act the city would be com
peiicn lOi issue the bonds. He understood that Con-
troller Green and Mr. Vance favored the work
should decline 20 subscribe BrooRCn would not have TO
pay all the Mr. Kingsley said thai he had received
Schroeder said that he would like to see some
tory evidence that New.YOrk would subscribe before
B5SG3 Tas q MyGT Hsq Gs s1ed to
Further remarks were made by several members. in
the course OF which Mr.. Kingsley said that they could
tue old appropriation. On motion OF Alderman Plat,
the Committee into executive session, but invited
Mayor Hunter aud Controller schroeder " center with
thfm. .o,i-.s- ~ "
They remained 10 executive session only few mu-
utes deemed best 10 ascertain the views OF the
further and with the understanding that the views OF
Controller Green, President Vance, and Mayor Have
until tomorrow. The Subcommittee via PROBABLY call
upon the Eew-iork authorities to-day