New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1890-08-17
FERRY PROPERTY TO BE SOLD.
ANOTHER STEP IN THE REORGANIZATION or

!
THE UNION FERRY COMPANY.
In order 10 perfect the reorganization Of the Union
Ferry Company, which passed into the hands OF a
syndicate Of nnancicrs headed by William ii. Maze
and H. b. IIons last spring, through the sale OF the
majority Of the stock at 200. when the market price
VA, only iG7 II WIZ recently decided by II majority
Of the stockholders o. sell AZ public auction all the
property and assets Of The company, save the cash on
hand and the ,ccurtc- for moncy. II j. "a" pfroo'e
u tie promoter, II the reorganization To bd !" Nn'h
Of The property - will be available for the purposes
If the ney, company and then 10 bid In II possible
| the ferry franchises which will Dee pat up by u'e
sinking Fund Commissioners 81 Ncw(oih At auction
IA November for the five years beginning IN May,
leDl.
The company owns seventeen steam ferryboatS now
l, use known n the Fulton. BrOuklyn, Union. ATTAIN
tic. Mincola Perrcpont. Baltic, Winona, Somerset.
Erpuhlic Pacific, Ncw-Nork. Hamilton. Monticello
rarrarut Columbia and Clinton. There are also two
new elLulcd fcr.ybOIt, being built for Ia com
many simillr 10 the PlcrTcpont which was recently
completed They 10 bc called the Mou1nk ana uIe
Vh.t.nall ana lu be- sold with provision for their
| COMPLETION and equipment at the expense Of t'c
| Union Ferry Company under the contract Z now cN-
sting II {, probable that these Will NO. De bid IN by
me company a. the old boat, have been found T. Oe
n better condition than wa expected ana the! VIII
be- used until new boat, propelled BY screw lnste"
~ paddl, wheels, similar % that In on the Hobo
| Aen Ferry. are pllcod upon the Brooilyn ferries
IT, Bcrccn winch has been on The Barclay street
Ferry for several months is expected . revolnonho
river travel II Is propelled by doub, screws nj either
end leaving the entire deck FOR cabin, and vehicles
The broad r)omy cabin extending from end T. end. Is
great change from the two box Ike cabins connected
| by narrow gangway upon side wheel ierryboits'
Il is believed % De- the intention OF the Union Forty
Company TO substitute boats Of this sort rs last as
they can be built and dispose Of the Old one, a. rap
idly a, possible without GRIPPING the service. Tho
company will also offer at auction lie ferry houses,
racks float and bridges at the foot OF whitehall ST.,
| Wallst Fulton-s and Catherine st., New York, and
| at the foot OF Main Fulton-St. Montaguest.' AZ
| lanticave. and lIamOn.avc In Bro0hlyn together
With the Office furniture supplies machinery, TOOLS
| ,cows bumpers, coal. lumber and Other supplies
| The land owned by the company including land
under water of Atlantic ave. with yards piers. nc
pair shops coal sheds. upon II, and the same oil
| Hamilton ave and Sackctt -, will be offered for
sale. The leases and leasehold property Of the COM
| ihc Mayor. Aldermen and cOmmonay Of New York
by the SINKING Fund t3iHmls'G ; rom May ~,
Fulton. south Hamilton wall street and Catherine
I Inerewh T the s e Of ST. b. uyc to the company
In 1874, renewed IN issi, and block Of ground be
| tween Plymouth 4. and Washington ST., and on the
water front the lease Of Mary $ Murray and others
granted Ia los6 aud expiring IN l5Oi Oh tie D'eh'ia
WaII-st. New York the lease of Henry f. picTcpont
from 1855 10 1851 Of the use Of the vadnct leading
| from Montague b. lp VIC f1i-t anu wy way
either side between the river and Furmanst., and all
the leases Of lands and slips and IN" Use OF piers III
connection with the lrOohlyn terminus OF the ferry
from Wall 81.
Nll the property be sold IS to be used hereto
fore by me company until November 8, 1890 and
the cOnpanV Is - leave II In good running order.
That date the time when the ferry franchise will be
sold al auction by the sinking Fund Commissioners
The retirement Of Mr. Holm, from the presidency, IN
which he f. succeeded by Mr. Male, is due 10 the fact
that he Is TO bid for the company al the sale Of It's
property and at the sale Of the franchises There i,
an important scheme on foot If the plans are carried
rtfyaff Of he ttn 81
Of the property ana the renewal OF the FRANCHISES me
sale Of the properly will take place Tuesday. sep
| tcmbcr ., nj the Real Estate Exchange and Auction
| Roouls, az Nos. 80 To 10 Libcrty-st., New York