New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1886-12-24
Judge Pcckham's opinion was long and eIaDoTate
Among other things he said:
RAILROAD PEOPLE PLEASED.

BROADWAY AND SEVENTH AVENUE AND TWENTY
THIRD STREET LAWYERS SATISFIED.
The decision was REGARDED yesterday by the lawyers
who represent and have appeared for the Broadway anu
Seventh Avenue and the Broadway Surface companies
a. uphoidng tho position they in their arguments
before Justice Peckham, and therefore, received by
taern all with satisfaction. Elhu Root the attorney OF
the Broad way and Ssvonth Avenue Company, went to
Albany to examine tho opinion. Colonel George Bliss
said:
1t admitted in the arguments that the LEGISLATURE
had the right 10 repeal tne charter. The decision
,houli iudLe, 50 audrrs.n mi H. leaves the BiOau
way and Seventh Avenue and the r~eutytnird street
roads In possession 10 run tue road III hccothcs WIN
its lease agreeuens rne only change in tho present
status by decision aFi cars 10 be that tie name
that corporation cannot run its I've cars
John " scribner and OSBORN f. Bright received the
opinion probably with much satisat ton us any one
for the reason os infinite acquaintance oil theirs
state that it sustained validity OF tho legal parers
which they had drawn IN tho matter of the mortgages
leases etc Mr.. scrbner when asked by TRIBUNE re-
porer IL would express opinion ON the decision,
thought moment and then replied:
so tai as 40 know. agreement mortgace,
resolution paper OF any KIND prepared III our ONCE ia
eornoei,on WITH IN 1e he c Sne9 r @ Wherever
they have the subject OF adjudication THIS same
contract passed upon by Just'co fecS cSha was ,e
fore the superior Court Special Term AMI VI beh ri
Term in OF Twenty tnirl street Railroad
when sought uantldus to compel tho Coinniss ohor
Of Public Works to ssue permits enaDie 1t to mako s
connections with tho BrOA1way SHrldco Railroad III
accordauce with that agreement and its validity was
then sustained
Mr. Brignt's attention was called TO statement made
nv him when the Senate Com nitteo sitting last
sprins that the mortgages AMI rac contracts OF the
Surface road woui las till the day OF judgment and he
was asked IL he foresaw Justice Pecxhams jud ymen
His reply was tins:
His Judgment confirms my pre0iotion; but / think |
SAID something about thousand years, tue term named
ia tho contracts.
representaliye of the Broadway and Seventh Avenue
Company said:
The opnon sustans us in our rights under the lease
and enares to continue III OF Grafton OF the roa All
that Receiver O 3ren 40 il 70 wind up ne name
OF the Broadway surface Railroad Company ana tue uVo
cars thereof. We replace The ve cars without hnen
trouble All ask and h0Ie Tor now 10 that inc hlsher
courts will sustain the declson
Clarence A. Seward had opinion to express in the
matter as he had not the decision.
The ouestion in which the Phiadephians and the DID
stookh Jers nf the way and Seventh Avenue ROAD
are now interested Is wat shall bo done ABOUT he con
dii0nul sale of tue ii 900 shares OF Stuck Io 10 lo
urrsent management last ring Mo5srS. enirt, hcrr'
fOsnay, Hays and other holders put tns o0oA Ill lh'
hands OF Me.srs. Ekins, Wdrner kenbe aud Others al
92 so s.are. 800 addio to De paid "n January
l next, the Pmadelp phans tuen wished tue sl'oH;
They we're to retain t. any RroVd'i ,no @ se'o o u
then desire to take oack Tno roAn as hot oVa
the bonanza" that was expecteu III Is e p' sV"qnlp
ped horse railroad in the country Win us nun ~ M % r1T
eers, place cars traffic remains about tue sAhe US
last year. it did until Octoner l. Inc Ienucilon Vi
fares the elevator roads has reducr lhe o
the Bro .dway road ABOUT 1900 day. 1t is sail Hence
the Ph'a phans cannot SEQ how tie sto'k eau po
worth 1922 So The highest IL ever reached was when
"a few shares were sold for 1910, the pinnacle mark
Ote rwiss having been 300 The OH stchuolusrs ao IA
no frame OF take the stock back at rS2 o.
Negotiations gong between tho t%o Isr.,rs les,
however, the term lirng on January iIc e"o oiu
hol ers Nh have chance to keep the Phadelphans oh
the ragged e.ige FOR month rhose who are keephs a
eye the situation express the opinion tha1 no Ioau
will change hands again.