New-York tribune., 1886-03-12
BROADWAY INQUIRY PHASES,
THE INVESTIGATION TO GO ON TO-DAY.
NO ACTION BY TIE GRAND JURY-CAN THi
CHARTER BIZ ASNULLEDf

So ACTION BY THE GRAND JURr-CAN Ihh
CHARTER BIZ ASNULLEDf
Tho Indications arc that at to-days session OF the
Senate RAILROAD Committee in their investlgatlOh
of the Broadway franchise there VIII be some III
No action was taken in the Broadway matter by
,he Grand Jury yesterday. Mr.. MARITIME SAID that
Le wonld not taSe the case before the Orand jury
nnIess there was TO be found completed case
against the officials or others. ID
The action taken by {. f. Frothngham', a. IN II.
Dyett. the Waydells and Mehrbacks ana o,ner
stock holders in the seyenth-ave road i9I tne PuI
pose of protecting innocent" st ckholaseITS anu
oustlnp the present management bas been toiioWeu
mn viooronsly Solomon Menrback is SAID to be the
owner of 500 shares of the stock. lie Is an o'der
brother OF Moses Mehrhack whose @ Sanenti
took mn without definite result. The elder Mehr-
hack has long held friendly relations with Messrs
Sharp, Foshay aud Kerr, but 1t Is now sad tnat ne
has not spoken to Mr.. Sharp for slxmonths. when
the first meeting of dissatisfied STOCK
holders of the road was called az MT.
there but il was supposed he appeared rs a irlend
of Mr.. Snarp and his associates But now MI.
Menr6ack as the owner OF snaes wot'I IN the
movement to oust the present management. he ne
aud his friends so they assert. own some 4'000 'O0V
shares Tue Philadelphia syndicate controls ll,ooO
shares and Mr.. Mehrback is making every exertlon
10 turn the control of the remaining O,OUo OF Tue
2l, 900 shares INTO the hands OF those moving
against the present management. The next cleo
t;on of directors will De held IN June. lhe lOUUV
shares deposited with Drexei, Morgan q GO. VIII
mass INTO the control OF Pnllaiclpnians WHcucN0i
fhey choose 10 pay IN the $3.50 600 yet remaining
10 be pald to complete the sale Inc Phli1deiphlahs
and Messrs rockingham, Mehr6aek ana tnen sao as,
socrates boldly assert their belief tnat the ouIaC1
road;s charter will not and can not be annulled;
With this expectation they are putting f3rth an
against the present Board of Dl ectorS 49,.
There is considerable comment In some suIiacI a1
railro2d circles over Mayor GIaces acton IasI iuI
i'm allowing the franchise OF the fultoni wan
Sireat and CorIlgndt Street Ferries Railroad Com
pany to pass into existence without his signature
4 LAWYER interested in the road sald yesterday
q The Aldermen granted the franchise aud the
Mayor did not veto il nor did he sign H. lt became
fact without the signature. lie Mayor is Vetoihg
railroad franchises right along on tne eIounu Iua'
they should he sold To the highest 0ld0er. can
account for the single exception IN the present IN
stance only for tins reason e corpora Tobn U
keenan, Edward Seleck, Edward kearney anu
some othrr County Democracy lights. Surveyor
BeattIe Is the secretary or the corporatioh'
PRICE OF LAND IN THE PELHAM DISTRICT
EXPERT TESTIMONY BEFORE THE NEW PARIS COM
MISSION.
1ntber r. Marsh, j. Seaver Page, ami George W.
Ouintard, the commissioners appohteu py tno r
Supreme Court to appraise and take the Iahd lor
ths new parks in the Annexed District, met agdlh
Yesterday in the Liverpool and London ana UloDc
Rmldiug An entire year has already oeeh con-
enmed in listening TO the evidence OF experts on
bchlt of the property tv-owners IN Pelham Bay falh,
Another year will probably be taken IN llstGnlns nna
vaue of less than II 100000 on property lor whch
r'nre than S5 900 900 is asked. Then there are
I've nure marks 10 he considered. 1t is greatly 10
the interest of propeTty-holders to delay action as
long as possible their estates are all the whle
increasing in value. -. 10.
took 10 show yesterday by expert witnesses that
" H. j. Hurst who owns 100 acres OF land IN the
pelham Bay district, was asking altogether 100
much money for his land. Mr. HulStS witnesses,
H. Mapes and j. Lambden, had SAID that the ne iar
market val of the property was ~ hUVo, Ol
which IS 900 was for the buildings. Mr; BartiettS
witnesses were of the opinion that II the conlmIs-
SINNERS offered Mr. Hurst $4,000 for II all ne
ouubt 10 be Glad to get it. Hugh y. Camp testlhed
that he had been in the real estate business LOT SIN
teen wears and had given mucl- attention 10 the ap-
nrnisal of property. lie thought that S33,OuO was
AN If was worth. He identified lease gwen ny VT
hurst to his tenant William Watson. III loSO leas-
inc the property for three years at $500 a year,
with the privilege of buying IT within that time lor
$50 600 less the rental that he had PAID james H.
Wees q real estate dealer SAID that 93o, 20 Wouid
I've a fair price for the property lie rated the Duiu
ings as worth $4,000. lie said the estate could Dot
sell for more than that price III the marEet'
William H. Brown, an appraiser iOr the Mutual ihIe
Insurance Company. said that his company had
loaned n good deal of money OH property III thus
neghborhood and he had appraised II for the com
uany He vas perfectly familiar with the Hnrst
estate and in his judgment S35,2UO would be an
annie nrice Tor it, GIDEON W Davenport, of New
Rochelle said that $31 $40 ought 10 paw for the
land alone and A. G. Newman an architect, declared
that S. 600 was enough for the buildings which he
pronounced 10 be IN dliapdated cOnultlon Inc
hearing will be continued on Tuesday afternoon
PROPOSING CITY LODGING HOUSES.
Tb.ro has recently been introduced III the Legis-