The Jersey City news. (Jersey City [N.J.]) 1889-1906, 1889-12-10
Bad FOR 7HE ELEVATED.
Sudden Death to the Chief
Of the Capitalists.
A STATEMENT TO THE ALDERMEN.
No One Can Say How Seriously 1t
May Affect the New Central
Transit Company.

Quite sensation was created in this
city this morning upon the'receipt of in-
teiiigence of the sudden death of Mr..
Charles Crary, the head of the syndicate
which agreed to furnish the capital nee
essary for the construction of the pro-
posed elevated road from the Central
Ferry to West Side avenue. Mr. Crary
died at his home in New York on Sunday
last
Yesterday meeting of the syndicate
was called, at which it was decided to inn
mediately inform the parties directly in-
terested in the enterprise in this city of
the unfortunate event and to request a
suspension of operations until the capital
lists who had subscribed to the syndicate
fund through the late Mr.. Crary can be
called in consultation with other mem
bers of the party.
This decision reached the Messrs Earl
q Harrison and Mr.. Garrett Van Horn
this morning, when it was decided to sub
| init to the Board of Trade and the Board
| of Aldermen the following facts at their
next meeting:-
STATEMENT TO THE ALDERMEN.
'One of the New York directors repre-
senting capital pledged through Mr. B.
w. Harrison for the enterprise, has died
since the last meeting of the Common
Council when the project was under dis
cussion. How far this may affect the
''poop of which he was the main advisor,
IS not known as yet. His name was
Charles Crary prominent lawyer, and
large real eStste owner in Harlem, who
had realized large profits from improved
| rapid transit, and looked hopefully for
such results elsewhere.
1T seems that of the %, ,760 feet of 'front.'
age on the route of that line of transit,
| the owners of all but 2, 400 feet favor the
enterprise, leaving less than ten per
cent. non-consenting
1.-THE owners on this small fraction
simply make the point before the Council
that they wanted to have terms negoti-
ated for their consents without regard to
the damages or benefits they might suffer
or gain, for which so far as loss is con-
cerned, the law already makes ample
provision for having ascertained and paid.
What terms will describe such op-
position as that? What clearer case can
that its approval should be prompt and
emphatic?
when the marvellous deficiency of
values IN realty, and in ratio of popula-
t1on, is taken into account as appearing
between this city and Harlem or Brook
lyn. which is clearly caused almost solely
by the lack OF local rapid transit, can It
be supposed that our Council is going to
endanger relief by dilatory proeeedingss
We think not. The showings of the lists
OF consents removes all doubts ON that
score" /"
HOW WILL IT AFFECT THE SCHEME?
while / do not believe that the death
of Mr.. Crary will materially affect the EN-
| terprise, Mr.. Van Horn said this morn
ming, sit certainly will neeessitate a de-
/ lay in the matter, which in itself is to be
regretted. Through the efforts of Mr..
and large portion Of the capital sub
scribed. Whether these subscribers will
be willing that their subscriptions shall
stand will depend entirely upon the con-
tidence they entertain and are willing
to impose on the four surviving members
matter with Mr. Crazy Should they
withdraw their pledges the matter would
certainly assume most serious phase,
but we hope for better results