New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1884-06-06
ELEVATED ROADS AT PEACE
A NEW AGREEMENT MADE.
IT'S RATIFICATION CONSIDERED CERrAIN-rHE IL

IT'S RATIFICATION CONSIDERED CERrAiN-i"' NO
DISPUTE AT AN END ,
The long and bitter contest oe.Woon VI"
elevated railroad companies whcn sfVso -, .h.
tempted amendment OF the original lease reouonh Wv
Guaranteed dividends by the Manna'Vah n"""'' -
oanv frnm 10 Ia 6 per cent year. was enue1 S''1
80 -. r,ot,cal consolidation of the three companies
Tne agreement was signed by committees haNlhK iu
mower and was ratified late in the AFTERNOON ny no
upanmou, vote OF directors of the metropolitan No
many Two members Of the board are l" huopo' '".
with these exceptions all the directors were present ."
,ho maetine g H. Kneelsnd, who has been
thu life Of the long opposition, voted IN laVOr
Of the new agreement He refused atefwaro 10 aA U"
the snbiect Meetings Of the directors OF tne hdnna
and New-York companies will be held to-day Inc sorA
holders Of all the companies will meet AFTER proper ho
"a ratfv the agreement which has been reached froi
nent OF each OF h companies yesterday eA
pressed the opinion that the meetings would De heo
fOrmalities 49,.
Negotiations for a settlement of the dispute have Deen
frequently renewed. The latest ones when nave u.O
successfully were begun several weeks ago Jay Doulo
and CYRUS w Field given fun power
bv the Manhattan Company, which then emorsoeu
the New-York Company. and they held several
conferences with g II. Kneeland, who acted Tor tne
Metropolitan No agreement was reacneu anI ~
committee of the Metropolitan directors consisting Oh
W X soutter John ID. slayback and H. o. ArInou ent S
which was signed yesterday by all the members o' 'no
committees, is As follows: 100.
>tor,nAur, ~ agreement entered into this day for
se;tlement OF all differences between the S 80
New-York and Metropolitan Elevated hnI"%S Yum
FTst-The Manhattan Elevated Railway TO pay tne
Metropolitan Elevated Railway Company nteleSt ~
per cent per annum from October l, Isl T" AP'i "
ssaondNe% stock 10 be issued by the Manhattan Com
pany and appOrtioned rs IOLOWs'
Manhattan. $40 o05
N ss;A 9th s5ooSSSSiIo 10000
Total SIG, OOOOOO S-O'O'''V'
Tbrl-Divdend at rate OF per cent per anum 10 9e
paid on all new stock for three months endhS juno o.
Fonrtb-The Manhattan Company as consolidated 10
assume all liabilities of the three XDsrses
bonded debit taxes, htigaOns and nlg"tlon eApeS''
and 10 receive all OF the SAID tnree
The above arrangement 70 be ratified by the mOoilS
OF the stocks OF the three companies. u, u,,,n
n K SOFTER JOHN d. SLAYBACk'
II. q. ARMOUR.
On the basis Of exchange fixed by the agreement tI
share capital OF the Manhattan railway oHiP1uS "
,,sbar Increased nor dfmni shed. In all the eAs
new stock the Manhattan Railway VIII sun naoe zap
tai of s26,OOO000 The new STOCK VIII SMART a'iAo 4"
the earnings OF the lines. . =, C,,o-,
remarked Yesterday with apparently an assufeu
ness: am the victim led 10 the slaughter as usual
have been killed by butcher VINO Is not reT
ms raCular buslncss aud again by one clayDack ny
too much for me, and that Is al Gun say avn" ~
matter" III. ., ,,, which he
sand was e0uiiabe 10 all persons concerned IN the eI
waited railroads Immediately AFTER signing lAo "e''O
lDS' f Irisnd Of Mir Goulds added: cit was
certain that an agreement would be Inade a. SOON S ~
Kueeaad was out of the negotiations MI ieu an . ~
met several times, nut that was IKE lle
lInts-nothng except fire came from theF CONFER ne H.
There doubt OF the z2rma ratincatCI U cue f