New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1879-06-20
LOCAL MISCELLANY.
THE STEAM HEATING GRANT.

THE STEAM HEATING GRANT.
DECISION TO EXTEND IT THROUGHOUT THE CITY
on CONDITIONS TO BE APPROVED BY THE COM
MON COUNCIL
The Sinking Fund Commissioners yesterday. after
vigorous discussion completed their consideration
of the conditions under which the SpinoaPerrepont
steam heating company to be allowed TO use all
the streets and public places of the city. The con-
ditons have vet to be approved by the Common
Councl and if approved. they will probably be We
toed by the Mayor II is thought that 1t will be
difficult for the projectors to obtain sufficient votes
in the Board of Aldermen to override veto.
Mr. Spinola and Mr.. Picrrepont briefly addressed
the Commissioners. stating that unless the company
was allowed the of the whole city 1t would de-
cline 10 proceed. Mayor Cooper replied that IN such
On event the clty could probably dispose of the
franchise 10 better advantage to some other COM
pany President NehrbaS and Mr.. Owens, of the
Central Taxpayers Association. denounced the
scheme as not being what claimed for IT, and as
the formation of "A gigantic monopoly and a Grim
inal neglect Of the rights Of the people. Mayor
Cooper moved that all stipulations adopted
bv the Commissioners should be sent to the
Corporation Counsel for his revision. Controller
Kelly opposed this, and it was modified so as
TO read that the Corporation Counsel be asked TO
put them in legal shape, which was adopted Con,
troer Kelly moved that the company be allowed
The use of all streets and public places IN the CITY,
After SldrD discussion lnlS WIS loot, .NhftfNA
Cooper and Alderman HauchtOn voting agHist ~,
aud Controller Kelly and Chamberlain IapDan tor
IT, Recorder Hackett being absent. Eontf S tt
Kelly then moved that the company be allowed me
use of the whole city on the same terms as a'ppteu'
after first trying the system below Chambers-St.
This was adopted the Mayor alone voting III the
negative. The Mayor moved That the com
pany be required to deposit with inc CITY
Is cents for each lneal foot of pipe laid
10 cover the expense OF repairing any dam
age TO the streets. the money 10 remain on deposit
two years. Mr.. Plerrepont said he had never
heard OF sueh PToPo oo6 DgS S1id that S did not
necessarily prove il not good proposition
The motion was lost. and ono was adopLed reluIit-
ing The company to file a bond OF %oO'OOo Ior inc
The company was granted. in December last, the
use of the streets below Chambers-st without com
peusatOn 10 the city. After securing the passage OF
a confrmatory act from the Legislature, the COM
many asked the use of all the city before beginning
operations. Mayor CooDeT has earnestly opposed
this grant aud ControIer Kelly mas Strongy
favored 1t. The Mayor claimed that the CITY
should have ample compensation for such a
valuable grant, and HAT before all the
streets were torn mp or such privilege gwen, the
benefits to bs derived should be sufficiently demon
stratcd by the trial OF the system III ono par OF tne
CITY. The Mayor voted against the extension of the
grant in any way, al this time, and though III the
minority he succeeded in having resolution passed
recurring the approval of the Common Council,
which will allow the lnter2osition Of his Veto ,
Tie conditions as adopted are that the city shall
have as COMPENSATION call of the net profits in each
wear above 10 per cent and ND to 13 per cent = the
company is 10 heat all the public buildings at one
the system is 10 be first tried below Chambers-st
and if II is success to the satisfaction of the Com
nisSioners the use of all the city Is TO be allowed
on the same terms; at least twenty-five miles oil
pipe are to be aid within three years. The Mayor
saws that under the manipulatiOns of stock COM
pany the compensation TO the city VIII probably De
Serv little If any The names of the persons form
ing the company have been kept "a profound secret,
but 10 Is said to be composed largely OF the same
persons who were instrumental securing the
grant to the ST. Nicholas and FOrty-secOnd Street
Railway Company. MI. Pieuep0nt said Yesterday
hoe Ei,vit, Morrou and Mr. .leWptt two OF
the interested PERSONS