New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1892-07-28
AOUED UCT BIDS REJECTED.
4 TFMPTIN sc OFFER DECLINED WITH THANhS-
REPORT OF THE COMMIsS IONERS.

| , TFMPTI &c OFFER DECLINED WITH ThANho-
REPORT OF THE COMMISSIONERS.
The Aqneiuct Commissioners yesterday decided TO
| reject all the bids for constructing the new trV'oh
dam on Croon River at the Cornell site, and to read
yertl,. for proposals. which are 10 De- Opc"'u
ON August ~. All the members OF the COIlnl'Sio"
were present yesterdays meeting. including Mayor
Grant and Commissioner GTOy, who rarely appear VI
lae unless something unusual Is on hand The con.
structlOn Committee on July REFERRED the Corh'll
dam bids TO Controller Myers and Commi''ioner "ii
row for examination They were rs follows: Ehe
RYAN q Mcdonald Construction Company, %3,12',-
G4o; H. IL. Brown. S30sl,46A Michael >. Coleman
~ 253,G7j: Winston. Crimmins. Washburn Co.,
- 76s AZ: John McQnade a Joseph Moore. Sj,24',-
n74 and William Russell. Allen ~ Co.. Of 81 LOUIS
IS, jj6.s7O
Chief Engineer Ftelcy estimated the cost OF the
now dam at - 574 $50, $l,Oi7,15O above the lowest
bid The committee In explaining why 1t wouM DC
nIudicious to award the contract to the lowest DID
der speak, highly Of the main members OF the Ryan
Mcdonald Company. They found Cornelius D. Ryan
TO lie a reputable contractor OF large means ana
spokeh OF in the highest terms by the officers 0f the
Bank Of the State OF NewlOrk and the C)inmcrcla
Agency rs well as by the American surety Company
q, Johr H. Mcdonald the committee could only say
that hr WINS rcpntd tp De man Of some means, ana
n resident Of the city Of Baltimore. The c)nHlt
tee further SAYS We're the contract In the firm NAM"
Of Ryan a Mcdonald, your committee wOnlu withoul
hesitancy advise the awarding Of IN" contract 10
th.n The cOn,tructlJ IN company above named how
ever was formed ~ II corporation late In tho year
lagl under the laws Of the state Of West virginia.
with A capital Of 100000 OF which sum S23j0Oo
Is In the plant comprising the necessary machinery
10 construct different works and contractors I'm
plrments the balance of $lG5 900 Is In anticipated
profits n contract for tunnel In the city Of Bni
more and I'm another contract for freight yards iT
The Baltimore and ohio Railroad
Your committee has been unable 10 find that any
cash capital has been placed IN the treasury OF uiH
corporation. the stockholders Of which consist pIli'
pally of cmployr Of MessTs. Ryan Mcdonald. ana
therefore We have come TO the conclusion that inc
only reason for forming the above corporations was
TO limit and evnde liability
"AtteniiOn need hardly be called to the fact that
the building OF such vast work aS the new Croion
dam the greatest undertaking Of It's kind ever at
tempted requires n very large capital. II Is there
fore 81 the utmost importance that the city should DO
amply assured of the completion Of the work once
begun: since the abandonment by the contractors al
I'M, work In halfcOmplet'd condition would IN
vOvc the city I'm great loss. The capital OF the Ryan
* Mcdonald Construction Company Ofcrs no such
security nor l. there any personal liability Involved
on the part Of n, principal stO khOder'. ON their
bond for 100000 Is the American surety Company,
a corporation OF uudoubtcd possibility, but We do
not think that the night Of action on bond however
good the bOnd>mcn may De-. can compensate Tor
absence 81 epOnFbility on the part OF the prin
dpdl.
while recognizing the advantages to the CITY OF
- lowurs, OF this bid u St.1@7.,+O. your committee
but regard them Offset by the limited imam
clal possibility II the corporation making me bih
and thar these advantages would Dc rendered thtlreN
,aluelc,, hy The DELAY VccnSDnrd hy the failure To
complete the work. and by the suits at law winch
would probably follow
The Committees report adopted without discus
ion aud bN Is unanimous vote.