The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1876-01-06

vscd by their counsel Of their right 70 DO They m
medlately 80 short time after an injunction was
served upon the New York and Staten Island Ferry
Company 10 prevent them from running ferry rom
pier No / East River 10 staten Island. Within day
further suit instituted, claiming that bOth
companies and their presidents had violated the order
Of Court by disposing Of the boat based aidavlts
sworn 10 on merely information and belief The ale
cation Of the plaintiffs, upon Information and belief,
In the meantime the New York and Staten Island
Ferry Company TO remove all doubt TO their propr
ETY. maintaining and operating ferry, proceeded TO
comply with all the demands ofthe planuh, ana sough
obtain the franchise and establish the ferry, and
upon application TO the Committee on Ferries OF the
Common Council, report was made by the committee
that in ITS opinion the establishment OF additional
Terry from the city 10 Staten Island WAS demanded by
the daily augmenting traffic between the islands
in order afford business men and residents in both
places the proper facilities Tor travel, and recommended
the following resolution, which was passed
That ferry be, and Is hereby established 10 run
from the bulknead foot Of Whitehall street, New York
city Staten Island the franchise TO be sold at public
auction 10 the highest bidder which was carried by
majority Of 10 to |.
Thereupon the Commissioners Of the Sinking Fund
advertised for sealed bids for the lease Of the franchise
for expire May l. 1884 the time at which the
lease OF the North Shore and the New York and Staten
Island Ferry companies would expire, requiring that
bidders should offer TO state the maximum percentage
the gross receipts which the persons Offering 10 take
such ferry would pay but that no lease would be given
at less than the minimum rate OF two and half per
cent on the gross receipts and further requiring that
security satisfactory 10 the Comptroller would be re.
CURED for the punctua performance by the essees OF
the covenants OF the lease OF the franchise in their be-
half
On the 4th OF January 1870, the bids received were
opened in the Comptroller's Office, when the following
bids made:-
The Staten Island Railway Ferry Company, already
claiming TO hold lease OF franchise 20 10 Staten
Island made bid this additional franchise, offering
five per Of the gross receipts; the New York and
Staten Island Ferry Company, the ferry company en-
Joined and holding the lease Of the pier offered ten per
cent; Mr John II Starn representing the opposition
10 the North Shore Staten Island Ferry Company, es
tablished upon their occupation OF pier No l East
River offered y per cent of the gross receipts OF this
Terry.
II remains TO he seen whether in the opinion Of the
Sinking Fund Commissioners the interests OF the city
and Of the public will be best promoted by awarding
the lease OF the franchise bidder who claims 10 be
able TO pay onehaf OF the receipts Of the ferry TO the
city before its expenses paid rather than COM
pany organized IN the interests OF the people, who offer
TO pay four times the appraised value and Immediately
operate IT, having secured already the support OF the
people and lease OF the premises.