New-York tribune., 1890-06-29

sail and row boats so sadly But interest in the horse
boat speedily eepsed BY the success OIL S and ran
once an hour The new company formed by Fulton ana
Cutting was known the Brooklyn SteainDoa. fc',y
10 4 cents in spite OF the protests Of residents OF
Brooklyn. The lease was taken for nve sd'r, in
IaiG from Dlstrctst now Atlantic ave-. to Whiehal
ST. New York, which afterward became Souti feflS
Another ferry had also been estaesneu o
in 1s,: and for the benefit Of the Navy nsri
and the Sdge street Ferry was sunseq1rn,i i haD
lsns$ asnsa IN ana li2G i2Gh Its place 0a' '' N'' -
The Fun and South ferries passed under ferrH tc com com
Many In 1899. at rental Of $4,000 a year
cr I'VE yesE when renewal y; wa; yoS sogS1 y5r,
decided 10 nut the franchise up to the highest Gurr
This aroused the people of Brooklyn and they ioape
that the ferries wond he managed solely ior Rpt !,
and not in the interests Of the city ana o. Dnn !,
nm A ma s-meeting was called by the MAYOR al, i,
steps were taken % 5G saT so feT S" the S for his
purpose passed by the Leg gslanre was mary am AN y
So as not to interfere with the rights Of Ns% for G
The franchise was put up to the highest bddcr ana
! b. Leroy and II. T.. Pierrcpont secured u anu r.
Organized the Brooklyn Union Ferry COMPANY. Ihey Inc.
ferries rnn. tho Hamilton AVenne frIh ,sro'
In is51 tcn.ycars lease secured by the COM
many after considerable difference OF OPINION " ~
whether h1G the nHapT sf' e 10 oc Ft of 4 The
matter was carried into the courts and decided III
Al that time the stockholders agreed to pay, over
all surpIns after 3 per cent dividends were paid to
the Brooklyn City Hospital or the br0C ybo ccbs
In 1853 the Wall street Ferry was equipped under
franchise secured from the Comms.ogrs Isl ns erric alr
who had organized the present Union ierry oGm
pany They purchased he leases QI 'f cyen nc,
in all managing twenty-five boats. Inc ratc oi lerri
age was increased to cents shortly after~aId a. ue
lower rate was found Improbable. Various unsuf,
ccssful attempts were made to secure reducuon OF
the rat, until finally commission hGIr. were 7o e,ea
- of Ref
ferries we're given up, and in that year the lease OF
the other five ferries was renewed ior 'e 3cas' a'
II has bccn successfully renewed since, expiring next
in IsoI The company now pays II 81 per cent
of II, gross receipts t. the Sinking Fund Commissioners
assct 70 the Brooklyn CITY Hospital remained IN force
until 1o-l, when in consideration OF 7oo'VOU, ny t,o
hospital authorities granted general release rom te
rordit,nns In 1897 the courts decided that Brooklyn
could not collect taxes upon the Terry PropcrN ~ IA
The stock Of the company held BY lo7 persons
untI thc recent purchase of controlling number OF
the 0OoO shares in the interest Of syndicate Oi
NewYork eaPiat' ,S%no tlrrcs tpTits'' to- e' make
the others and the Hamilton ave line has never
been profitable one II was estanSnet tn 10 ;rrep
wood from New York. The Wall Il. line IS aNG one
that does not pay we'll The Fulton iery rn S,l"e h9
II IS now paving about as well as when tlat adN,
sional mean, Of crossing the river was opened,
Last year The five ferries controlled by tle OuiuI
Terry Company carried 35o26G5. passengers anu
the earnings were sslj,4Oi "a The officers Of the
company are: President. J. ;. T. >tmna'an man
aging director " Declanw sccrety @Ic
C. Edc'rton 4 new Board Of Directors VIII nor
be chosen until November. when change VIII doubt
less he Elected by the choice Of new oiIcerf
The history Of the Williamsburg and Greenpoint
ferries connecting the Eastern District WIN re
Grand st. and Twenty third-st regions 81 New ioth.
Is much the as thai, OF the lne, from the @ @oler
uart Of brooklyn. They have gone through the same
ctaccs Of growth, and all pay well at present II
another bridge is built in that part OF the cly encn
wouN lose for time. but would doubtless soon
,cgain their former patronage. additional means
Of communication with the metropolis Dy oiluse vi
tunnel will soon be imperative.