New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1888-01-10
THE JERSEY CENTRAL ASTIR.
ACTIVITY OF THE NEW BOARD.


rouR.rRACK ROAD TO BOUND BROOK - NEW
STATIONS ORDERED - EFFORTS TO MAKE
Jersey TOWNS ATTRACTIVE HOMES
FOR NEW WORKERS.
I'll. now managers of the Central Railroad OF
New-Jersev have taken hold Of the work oeiore
them with energy zeal and an apparent deterinn'-
Non to leave nothing undone which VIII ada W .,o %
eficiency of the road and develop its resources ~
do this effectually and within the shor'es' pi"o
cable time important changes ana impro'o~sA 's
have been undertaken which VIII reqso
expenditure OF money and cannot fan 10 at'r"c'
s,ton,ior ,o tho nor ION of the country through
which the road passes. The manner III "0, ~, ~
n.,y enterprises have been entered upon, ana the
,.peucd vieor with which those already attempted
are being pushed are evidence that inc Jersey
Central has now come under the controi Oh men
of strong purpose, who feel sure OF inc grouno oe
meath their feet. They certainly are not III any
aoubt as TO their ability to carry forward the plans
thew have matured for want OF capltal. Inc
facts that one-third Of the CentraPs interests are
now represented by the Lehigh Valley Railroad ana
that the other two-thrds are in the hands ot fres
ident Maxwell and Edward p Baker, or the firso
National Bank and the syndicate Of which they are
the controlling clement make the company pro-
grcssive movement almost sure 70 suceeeu'
PL.Ss FOR tn IMPROVEMENT oF THE hoAo'
One Of the first projects to be undertaken by the
new management is the erection OF q me new sud
ton at Jersey City It will be buit wholly OF prck
and iron and will be thoroughly hre-prooi' I's
size will be zee by 700 feet, and 1t Will be sup
piled with all the modern railroad appliances anu
snnointmen,s 1t is undcrst that the Lrhigh
Valley Railroad Company will JOIN with thc Cen
trail in putting up the building, ana that When
completed the general offices of both roads WIN pe
put there. The plans and spccihcatlons are , coi,
ppictcd and bids have been invited. 1t is expected
that the new station will be ready for occupancy
by spring a. porrd Rrool,
has been begun and the work will probably Dc
finished by May 4. This will be OF immense ao aa,
VANTAGE TO the thriving towns on the line OF the
road between Jersey CITY and Bound Brook. Many
Ncw-YorlSers have made their homes IN these towns
which are already supplied with excellent ra a,roau @
facilities but when the four tracks are ialu tne
number of the trains each Way Will he largely IN
creased II is doubtless the intention OF the com
pany that people desiring to settle along IT'S rnf of
Shall have all possible advantages growing oub OF
ouicl< and frenuent communication with New
York Elizabeth for instance has now 90 New.
York trains each way daily, ana Dy express 10 o"'
80 minutes distant.
RrvrFrrs TO MANY SUBURBAN TOWNS
Colonel A D. Hope. the veteran exnressman-who
founded the beautiful village of Roselie aoou'
half way to Planfeld, few years ago, ana mas
seen it grow into town Of nearly 1000 people,
with all the modern imprO' ements OF gas w"'tr
works and electric lght-can come to New-i orK
on any of the 40 trains which daily pass MS nom"
each way and in this travel he loses hut SO minutes
of his time So with the towns of Crawford west
field. Fanwood aud NetherwoOd, although. Ike
Elizabeth and Roselle they have frequent ana ias'
trains their relate with New-York VII be vastly
imnroved when the company's schemes have been
mt into execution. The big town OF Plainheid
with it's handsome houses and elegant drives WI"
probably find its railroad facilities donnIen unue
the Ccntrars new management ra,,o i ot,r;ng -
fha
town Large brick buildings are gong up III
Grant-avr for the Pond Machine Tool Comnany
which will emrlov 500 men to begin WITH ara eN-
Wis coon re donble the number The buildings
are so nearly ready for use that machinery lor
works was being remoard n nnnen I,nnrF vii ALSO gain
more trains and facilities. increasing their attrac
tions as homes for New-f Workers; -,
The hnilding of new station has been peehn ~
Mornb Chnnlx and preparations arc under way for
similar structures at Bergen Point EaS'on ara lt,
tln Silver At Monmouth q. new station oi GU.
stone will hc nnt un The otcers % OF ~ . SonnrylIo
n r,casant town p few miles bevond Bound BrooK
doublo-trac1 will he laid to Long bramcn Z" ~,
fnisbod nv Juno l. The comnany's now sVamr,,
Monmouth which is 70 furnish increased snecd an
lnvnrioms acccrm odations for passengers hctvc"'!
Newyork and Sandy no"h WIl' ne Posols otber
advantages thu Tehigh Valley Road IS hn'I,'ns
branch from that noirt 10 South pi",nhc,n @'
miles in length. which will ne comnle'eo o' Hi'H
WELDING TO FOREIGN APPEALS
The committee OF directors of tn" Louisville ana
Nashville RAILROAD Company. TO w'ici tn" 'n'"lor a.
OF English stockholders In favor VI scrir nV'""'
wac referred recommended that a SOCK diV'dohd oo
deslored IN art tordarce with the ~nggest'o' ~" '''
meeting OF the stockholders oe called to "nthorHe al
increase of the share capital, not exceeding Tooooo
10 hermit the payment OF stock dividends fr'm fm'
time according to the English method The directors
sppr ed the report and declared dividend OF 20 per
cent payable In stock at par to stockholders oi oo''
of February Is, provided that they should an'horz
the increase of d meeting called kj February IL
Tho scrip dividend Is to be from the earnnqs OF the
six months ending December 81, 1897 The com
m,ttee found on examination of the cOmpany's BOOKS
that of the sxty-three names affixed to the E"gi sh
memorial eighteen alone represented fourth OF thc
entire captai As the est of the load ana brahchcs
&c reported to be largely OF the capitalization
The ,ommittee express d the opinion that the ro
in stock was ra enable and just TIC net earni g io
the first half of the fiscal year Dccember estima ea
were 81 I26 972 and after sinking fund reQudcmehts
and advances to leased dnes the uipiu' earnings
were 5000 1885,
IVES CARRIES THE ELECTION.