The Jersey City news. (Jersey City [N.J.]) 1889-1906, 1891-08-04
NOW FOR THB BRIDGE.
Temporary Organization Of
the Big Interstate Cor
poTation.
WORK TO BEGIN IN ocroBER.
But the lime for the Completion Of
the Structure Is Not Yet
Definitely Fixed.

A meeting Of the New York and New
Jersey Bridge Company OF New Jersey
was held at Taylor's Hotel yesterday af-
ternoon- The object Of the meeting was
TO effect a temporary organization and TO
discuss the consolidation with the Bridge
Company Of New York Fer some rsa-
son not made public the meeting was .
very secret one, and those present refused
70 divulge what took place. The only
satisfaction reporters for dozen news
papers received was a direction 20 call to-
day on Charles a. Swan, secretary and
treasurer Of the New York Bridge Com
pany at the Office Of the company, No. 2iz
Broadway. New YORK.
This morning found Mr.. Swan &C th .
Office. He was engaged in explaining .
diagram Of the proposed bridge to an
architect who had made a proposit ion 70
draft some plans which be thought would
be an improvement on those the COM
pany contemplated following. When he
departed to prepare his plans Mr.. Swan
greeted me cordially and said he would
be pleased to give me the information 1
required.
II cannot tell you who the temporary
officers are that were elected. = said he.
will only exist until the next meeting.
which viii take place September 2. This
temporary organization was only effected
because IL was necessary, in order TO pre-
pare the way for the permanent crganixa-
tion and 70 receive money"
"The New York Company has perna~
nent organizations ] believe" / COM
mented.
~Oh, yes; IL was necessary for our COM
pany 10 move first. When we organized
we set about organizing the New Jersey
Company. You see there must be two
permanent organizations before the con-
solidation or the two companies can be
made This event VIII bake place in Sep
tsmber, perhaps on the day of the next
meeting of the New Jersey Company. II
not then. very soon after
REASONS FOR THE TEMPORARY PLAN
Another reason why a temporary or
ganiEation was necessary was 10 receive
the s.. .250, 900 cash capital that was paid
into the hands OF the Commissioners
when the su description books were opened.
When the books closed the work of the
Commissioners ended and the custody OF
the money went 70 the stockholders, and
that It should be properly taken care OF. 3
temporary company was necessary
"Witl nothing further be done toward
consolidation until September9"
Nothing Official We Will of course
hold conferences to smooth the way. but
nothing else Will De done
"On what basis viii the consolidation
Of the two companies be madef"
There viii be q Board Of Directors
elected By the stockholders The New
York company Will elect eight, and rhe
New Jersey Company viii have i've,
making thirteen in all.
do you know who the officers of the
consolidated companies will bef"
beyond all doubt ex-Comptroller An
drew H. Green will be chosen presidents:
Thomas G. Clarke, OF New York, the en-
inent civil engineer. chief engineer. and
Charles 3. Brush. or Hoboken, assistant
engineer. can not say VINO the other
officers will be, but will SAY they and
the Board Of Directors VIII be A No. l
men"
1T was said last night that Deles Gull
yer had been chosen engineer OF the New
Jersey Companyf"
THAT may be true; but If 30 1t WAS
simply TO hold temporarily the position
until the consolidation takes place"
do you apprehend any difficulty in OBJ
tanning money!
-.Difficultyi No, sir. We have had
S.. 600 600 offered us already, but we re-
fused 1t. for we are not prepared TO han
die that amount now We nave on hama
the 81 ,250. 600 subscribed at Taylor's Ho-
tel, and the $780, 900 furnished by the New
York company, making in all s.. 550, 900.
quite as much as as we need 10 begin
work with"
when will the work OF constructing
the bridge begin"
WHEN THEY BREAK GROUND
in October We will commence build
ing the piers on each side Of the Ilver-
The land piers will be built first The
one IN New Jersey will be located at
Mics avenue, south OF GuEten berg, and
the one in New York Will be built at
Seventieth street. It was the original
intention TO build six tracks, but the
plans have been changed and eight
tracks viii be laid The two additional
ones will be for rapid transit from Jersey
City, Hoboken and the balance OF the
county,"
.Mr Swan, it has been said that the
only object this company has IN view,
is to sell its charter at a big figure. and
that it never intends to build the bridge;
is there any truth in the rumorT'
"No. sir; would like 70 have you say
SO. Andrew II. Green. just before he
sailed for Europe six weeks ago, said TO
me in this offices-I would rather be in
srrumental in building this bridge than
to receive a present of s., 100000. We viii
build the bridge and the yiaducts as we
have said we would"
What is the expected cost Of the
bridget"
SIT will not cost more than s12 0o0, zoo
The viaducts, particularly in New York.
will be more expensive. do not believe
the total cost VIII exceed $40 600 900. and
we will have no trouble In obtaining fhis
arnnrnf