The sun. [volume] (New York [N.Y.]) 1833-1916, 1879-04-17
PRICE TWO CENTS.
TIE ELEVATED ROADS.
THE IMPORTANT CHANGE THAT'S SAII
TO NAVE BEEN AGREED UPON
An a Agreement ny which the Two Roads WIS
Fool their Profits md the y. n y. ~. R
be Left In Sole POssessIon of the Enst Side

An Agreement by which the Two Roads Wiz
Pool their ProHts md the y. Y. y. B. R
he Len in Sole Possession Of the Enst side
While the officers OF the two elevated
railroads were very reticent IA to the result d
their Joint meeting yesterday. it is learned upor
Trustworthy authority that tho agreement
which was then ratified was most i'm.
portant For some weeks tho commit
tees appointed by the directors Of the
two roads have been in earnest consultation
endeavoring to frame n basis OF agreement bJ
which real or imagined dangers from compo
titon might be avoided. and to settle upon some
plan in regard to the crossings Of the proposed
east-sido branch Of the Metropolitan road ,M
tho points oi junction with the tracks OF the
New York Elevated road. Tho conclusion m
last reached at the meeting OF the two com.
mittees on Tuesday evening. referred TO in
ycstcrday's SUN was not only that the proposed
line Of the Metropolitan roud on tho east sidd
should DO abandoned. but that the two com.
panies should agree to pool their earnings.
This proposition was ratified at yesterdays
meeting Of the two boards. but the full dc.
tails Of tho scheme are yet TO bc arranged
The agreement as yesterday adopted Ia
plan adopted by the Western Union
and Atlantic and Pacific Telegraph Companies
for pooling their profits. The agreement docs
not as yet contnmplate q Joint management lOI
the two roads but this, among other changes, il
now under discussion. Meanwhile the Metro.
polltun ~ 10 push forward the construction d
It's road tpwaid the Harlem River.
Yesterday the stock of tho New York Elevated
rond jumped from 10 TO l79 per share.
In regard TO the questions at issue between tn,
twl roads. one nt tho principal OH rrs Of The
Metropolitan Elevated Railrond said: We
have a primary right under the route pro
S'ri9ed by the commissioners OF 1872. Thi
Rupid Transit Commissioners of 1878 laid
down the New York Elevated Railroad routci
over part Of ours and did not give m
any change Of route. That is what hai
II was stipulated that we should nay hall tho
cNpens" Of the construction OF that Jointly oc'u
pied portion OF the road and own haf ot i
because whom we hnve lNkcd them Tor tho
bill thoy replied that tho work Is not al
done. and they could not make up thciI
IA soon as they can make up thril
account. but their failure to do so would no
impede our progress The contract provided
that. II one company built before the other. tho
second to construct should begin the use o
the Jointly occupied portion rs soon nc
possible; and If there was any dispute about
left 70 arbitration. the Joint. occupancI
OF the part of the line In question
not to be delayed on that account. II WAS ouI
right to put our trains on thnt portion Of tho
y. u T.. H. H. Co.'S main line below DivisioI
street rs soon AS our Second avenue line shoule
be built. What arrangements may be made Il
obvate the necessity for that Joint occupancy ]
cannot now predict as that is Just what tht
committees OF the two companies are now con.
sidering. There need bo no anxiety on the
subject Of the two roads crossing each olherl
tracks. ~ there are various ways in which thai
may be avoided. What those ways are do moi
deem IL necessary to say now. Ii Will be time
enough 70 do that when the committees gel
through"
II has not yet been determined when the CitJ
Hall and Grand Central branches of tho Now
York Elevated road will be reopenod.