New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1876-01-27
LOCAL MISCELLANY.


Alyan s. Southworth has filed his first report
n receiver Of the Blocker Street Railroad Company
which has been in part anticipated by the argument made
sst Tuesday before Judge Barrett He charges John
conoyer the President OF the corporation since 1850,
with permitted the road to become disgrace ana
kyword the community, 10 aggrandize his relatives;
mat he has paid dollar for his stock bonds or
20 the road any way except TO ndorse Its notes ana
renewal notes. which the Company has paid interest
ssnd this receiver 1t is clear that the only VIC
sms Of this long duration of fraud and msmanagement
have been those have purchased interests at second
hand OF have voluntary credit0rs; tha' AMONG
the oorporators were Hugh Smith, fugitive from JUS
uoe and Peter B. sweeny, residing In outlawry ana
others who to have been connected win Tue per
sicious legislation Of which the recent municipal corup
hon was a legitimate ofshoot."
M southworth charges that the Twenty-thrd Street
Railroad Company, tho Christopher and Tenth street
Company-in both of which Jacob Sharp has powerful
tnruence-and the Central CrosstOwn Company wish TO
destroy the franchises OF the Blocker Street Company
and when the latter COmpan's tracks in Chrstopherst
were torn up and the courts sustained the right to lay
them they not reaid the receiver is informed In
conformity with q bargain between the parties inter
sted lie estimates that for $4,000 Issued as second
mortgage bonds receivers certificates, the opera
ton Of the three miles Of railway authorized by tue ACT
Of 1873 could be begun the larger portion OF the track
being already constructed, and this would add TO the
gross receipts $4,000 annually BY using all it's fran
ehises the Blocker Street Road would reach Fulton
Ferry Christopher Street Ferry, and Twenythlrd street
Ferry two Of which have not been reached by the re-
cent management II the present road were July
equipped it would yield $450000 per year, and the I'M
used franchises it is believed, would yield S2sOO00
year aggregate being three times the present earn
gs During his recevership the surplus over necessary
disbursements has been sufficient to the interest on
the bonds and fair dividend Oh the stock
Il alleged by MI SouthwOrth that he has found pecu
lation, favoritism, nepotsm, md Ring management
thu mont NJ
conductors starters drivers. and receivers were In
league to defraud the company and idle boasts were
that conductors could defrand 10 the extont OF
e5 day Reports Of private detectives that conductors
were puroinng money to the extent OF Sl2 day would
not their removal by President Conover on the
contrary, the facts TO be established that nc per-
nitted corrupt ring to exist in the company the men,
beers Of which not only plndered to their advantage
but drove those appontees whom they eoud not corrupt
Into insecure positions the road which from necessity
they compelled TO relinquish" In ls12-13, 2o|
horses bought in two years $50 died. and the rest
became worthless. For the KnickerbOcker Stage line
sl65 900 in bonds paid. but only $4,000 worth of
property received The further charges that
the original charter granted to II men, who buit the
road and kept till 1885, when the company was organ
lied With 5000 600 stock and OOObonds Authe STOCK
and S435 900 in bonds were issued without money consd
Grafton He alleges that the suits Of the city for license
fees and nonpayment OF rent, and by the Attorney
General to forfeit franchises Of the company the
results OF the negligence OF the recent management MT
southworth closes the body Of his report follows:
Said reseiyeT in making this report ayers as p sum
Street and Fulton Ferry Railway Company has been and
h preyed upon by rival lines that during the past few
years has been pundered by It's officers and employees
that have been Appropriated for corrupt uT-
poses in legislation that It's general management has
been an imposition ON the public; that i!s ears have
been filthy, ITS ruunir time irregular ana MS equipment
Geporaby bad In making this report to the court the
receiver es constrained to add that he has, with the
partial material placed at his disposition for investga,
ton, endeayoed 70 arrive at the conclusions that wond
be most just to all the parties concerned He has dill
gently sought to qualify and always to tmper his adj
ncusOHs with any testimony that would seem
in ly harsh results but with all OF thi- Sc he
cannot otherwise than conclude that the ecker street
aud Fulton Ferry Railroad is Of those municipal
outrages which long ago should have been placed at the
disposition of the court
Receivers report for the Last month gives the fol
iowinc as his receipts since Dec. 27:
Balance onnand d sSSs ~
Receipts from fares 1920 ~
g
Balsnce $3.50 %
Mt southworth adds: 1.-THE cash book at the time ]
took possession on Dec p, 1875, calls for balance of
cash on hand of S14lS H. OF which only $50 were
found the balance of 81 33S IL most Of which Is said
l. have been kept In the safe In nlcAc Is not accounted
for the keys Of the safe having been placed by the
President the hands of party not at all in the employ
Of the company Conductors III former times were re-
CURED de- with the company 500 and since the
Introduction of the bell punch SO for the faithful per
Torrance of their duties These deposits which thOud
have been placed III bank or trust company ON special
deposit Lad been wrapped up IN piece OF paper WIN the
name depOstOr written the same and put IN the
safe According to the Conductors Deposit Book such
deposits amount ed to S425, of which Sl25 found
in the safe balance of $500 having disappeared
and the wiappcrs lett behind. Nobody seems 10 know
what has become OF this There are other con-
ductOrs who claim to have made deposits with the Pros
dent but their not even an entry of such deposits
las been made the cep0sitboOk and OF course the
money found either" An account on the ledger
called Protection of the Road Is charged with about
$4,000 Of which amount four notes Of $4,000 each
S24OOO-were made TO the order OF John T. C0nover, al
one two three, and four months from April IA. 1873,
and we're paid maturity. Tie balance Of IL goo not
stated be paid and vouchers can be found for the
Same.
FRAUDULENT DEALINGS II PIANOS.