The sun. [volume] (New York [N.Y.]) 1833-1916, 1879-05-27
RAPID TRANSIT PLANS.
Carrying Out the Compaet-The MetropoIi-
tan's Real Estate Purchasea

The stockholders OF the Metropolitan
Elevated Railroad Company met yesterday to
ratiiy the recent lease Of the companys prop
erty to the Manhattan Railway Company. but
adjourned without taking action. owing TO the
absence OF Gen. Horace Porter. who is III at
Long Branch. Further action will depend upon
his condition. The New York Company will
ratify the action OF its special committee on
Saturday. Some changes in running have al
ready been made. The Sixth avenue tracks OF
the Metropolitan road have been connected
with those Of the New York at the junction OF
New Church and Greenwich streets, in
Morris street. by a temporary single
track. The track OF the New York road
has boen, raised about three feet. for
several rods TO equalze the grades OF the
two rouds. Upon the bridge. trains Of the Me-
tropolilan road We're run TO South Ferry yester-
day. Pending the building OF u better struc-
t9re. thesn trains are run only between II A.
NJ. and p. NJ. and not upon schedule time.
New York road backs over the bridge and pulls
Sixth avenue train down to the ferry. Pas
sengers are transferred at the Rector street sta,
ton Of the Metropolitan road. II is expected
that the Joint Ninth avenue extension OF the
roads will be completed for running us far AS
1881 street within a week. Then Sunday trains
will be run over the Metropolitan road. When
the Manhattan Company begins operating the
two roads, on june 5, new and uniform ticket,
good on either road will be- issued. Among
the changes that are promised Is the con-
struction Of the branch through Thirty-fourth
street 10 the Terry al the 1901 OF thht street THIS
branch will cross over the Metropolitan road In
Second avenue.
Andrew j. Dwinelle, as owner Of two $500
bonds Of the first mortgage OF 81, 500 900 issued
by the West Side Elevated Patent Railway Com
pany, dated Aug, l. 1870. has begun suit for the
forecosure OF the mortgage making the New
York Elevated Railroad Company. tie present
owners OF the road and George 5. Coo and A. s.
Barnes. trustees Of the mortgage. defendants.
The plaintiff has filed a lis pendens in the Coun-
~ Clerks office. and hns given notice OF motion
% be made on the l0th OF June in Supreme
Court Chambers. for an Injunction 70 prevent
the defendants from tearing down the present
structure Of the old elevated road in Greenwich
street. This mortgage was once fOrecOsed in
january. 1872, Mr.. James II. Cowing bidding In
the property for the benefit of the b0ndhOders
and then selling it to the New York Elevated
Railroad Company Tor $1,000 The Special
and General Terms Of the Supreme Court have
since decided that Mr., COwng had no power 10
make this sale. and that both Mr.. Cowing and
the New York Elevated Railroad Company were
Liable TO the bondholders for the face value OF
their bonds.
The Metropolitan Elevated Railroad Company
has bought the entire block bounded by Second
and Third avenues and Sxty-sixth and Sixty
second streets for tl70.000; also eight lots on
New avenue between l09th and 10th streets.
for SIS 500. and lot on the southeast corner Of
Chatham square and Division street for t25 0OO