New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1892-12-30

sort az r.presentstve OF an immense aggregation OF
capital naturally led some to believe that worthy
bid would proceed from that source. The presence
also Of Mr. TwOmbly suggestive OF vanderbilt
wealth and interest f. TIE outcome Of the sale
Commissioner Bushe who IS secretary OF the boaro
announced the purpose OF the gathering. and the read
Ing OF sale and specifications was begun
by one OF the assistants OF the Commission Nearly
an hour consumed in this formal preface 70 the
proceedings, and then bids called by Coinmls-
si0ner Bushe. Ihsre ne response Addiuonai
calls made. and still without response At last
a man above the medium height, about forty
years Old slender genteell Oolhns, with pleasant
sparkling eye ard dark mus'ach-. and
wearing tai SIX hat end comfortaolcl'o' . over
coat proposed 500 In cash ano one hal. "' J per
cent Of the gross receipts from the operation IL the
road The bidder was ". NOwand Am0ry w@o nves
at No. re West Ninety fourth st., In thE city. he
recognized who was for seven
months tn the employ Of the Commission, occurring con
from property along the proposed route
Of the tunnel who retired from their service
last July when his work had been cred tably per
Rrmed. The whisper at once went the rounds
Whom does he represent" a brief consultation
among the Commissioners followed. and the bid was
temporarily. al any rate rejected. On the basis Of
calculation that the gross recepts from the operation
Of the road would be SlOOOOOOO per annum this
looked Ike offer Of 10000 for the franchise
Another call was made for bids ana Mr. Anory
said that he would 81 900 for the franchise with
out condiuo1s This looked 10 the spectators like
child play. "What does Il mean ?" was the natural
query. The situation seemed all the more complex
when 1t was said hat The Commissioners would
take the later bid Into consideration No more
bids offered and the Commissioners re
tired 10 the Mayors private and held an
executive session. The hlst thing they did was TO
receive In accordance with the law, deposit from
Mr. Arnory Of 800, being 10 per Of the sum bid
to- HE Sunad teSce
ladder Of cheapnes to point far below ground noor
basement cellar. ana there much speculative
comment upon the character Of the entire proceed
ings. Nobody seemed De able TO comprehend the
situation. Al offer of $4,000 year had been
formally rejected the Commissioners had retired to
consider Offer Of 81 900 for the great franchise
without conditions.
Meanwhile Mr. Annoy remained in the corridor and
talked freely though he said nothing indicative OF
his substantial relations to the enterprise. lie t0d
how money could be made from the investment of
10000 900 and ~ tie construction Of an under
ground railway on Manhattan Island. lie pointed to
the great results the way Of porting capacity
Of the elevated roads Of The metropolis, giving az
his summary Of statistics On the subject the state
mcnt that tey carried annually 40 per cent Of the
entire number Of people who travelled on steam rail-
ways within that period IN the United states. He
referred 10 the 10 per cent dividend. stock and
4 per cent interest Oh bonds # the Manhattan Com
pany on the OASIS OF q GtO.pbJVJD IlNfNtil'ht' Nv
declared that The tunnel road could be bnilt within
five years and that decision Of The courts wond
promptly decide al points Of disputes in TIE matter Of
consents by property owners lie pleasantly eV"dod all
inquiries 10 his principals. Had III BID been az
cepted, "a deposit OF S1,OOO,O0O wOud have been re-
quired within five DAYS Of The receipt 81 Snch ac'
ceptance by mail and payment within thirty days VI
SI36,OOO the amount Of The expenses OF the C"n
mission The manner Of Mr.. Amory did not suggest
nervousness e. to his ability 10 meet these demands
as they should be presented
About O'Clock a messenger came from thc mayor
Office saving the Commissioners desired TO see ME-
Amory. who promptly responded TO the call Twenty
minutes later he Icappearcd, cheey announcing that
his lid had been rejected, and then proceeded to real
On the reporters the following resolution which had deem
,assed by the Rapid Transit Commissioners IN thclf
executive session: -, -.
d ono hof Of nc per upon the gro,s receipts
=, ,he rroncsed railio1i and the Other bid Of $1,000
oah are not deemed By this commission to be ad'
,,osous 10 the public and the city Of NcwNOfk OF its
,e,st and th3 bids are hereby rejected pursuant to
nc ,obts r. served by The Of soe and that the
sum Of 500 deposited by him be returned 10 him.
After the adoption Of the resolution AMI the con
ference with Mr. Amory the commissioners lett the
City Hail As they departed they announced to
the newspaper men that later IN the day statement
to the public would be offered. This was gwen Out
last evening In the form OF expression OF opinion
by william stelrway CT airman. speaking also, as ii
was understood In behalf Of his colleagues OF the
commission. Clearly the commissioners have aban-
aoned at least for the present. ali hope OF securing