New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1892-04-05
SEEKING ANOTHER ROAD.
TIE STREET. CAR SYNDICATE AT WORK.
PLANNING TO CAPTURE THE sECONp.AvE. LINE

PLANNING TO CAPTURE THE SECONp-AYE. LINE
NEW DIgESToRs CHOSEN.
1t Is not unlikely that the Metropolitan Traction
COMPANY which now controls seven surface railroads
In New York City, will In the near future add another
line to Its long list. The street car company towa0
which the syndicate looking Is the Secondave.
line. The Metropolitan Traction Company Is power
full concern now but with the SecOndave line under
It's control IL would be much more so, and 1t would
only be a question Of n short time railroad men say,
when the big corporation womb be managing The Tirt
lines and every other sNrfaoe railroad in New orK
II was reported yesterday that liberal offer had
been made the second Avenue Company by tho
Metropolitan. and when President George :. Hart was
seen by Tribune reporter he did not deny that be had
been approa he'd by who wished 10 secure control
Of the rDad. The large stockholders. II is said have
been visited BY agents OF the Metropolitan Company,
who have pointed out the great advantages OF conSd-
dation II is the intention Of the big company. the
story goes. stir up dissatisfaction among the owners
Of large amounts Of stock by telling them that they are
not getting enough for thor investments. and BIZ point
Ing how much larger the dividends would be under
one management. As all Of the directors Of the second
Avenue Company large stockholders II Is said, they
not much opposed 10 joining hands with the Metro
poitan Company II they assured that the dividends
TO b. increased.
There a meeting OF ths stockholders Of the Sec
ond Avenue Company at the company's offices. Ninety
siXthoi. and >ccoud-avc. yesterday, and the recent
purchases made by the Metropolitan Company and The
offers that have been mad" 10 the second Ayenue Com
pany freely discussed in Informal way. The
meeting for the election OF a new board
OF directors. and nothing I'm the regular order Of bust
ness IN reference to the probable consolidation with
the Metropolitan Company came before 1t. But the
adv-ably OF such a consolidation talked OF and
the ultimate result may lie that the Metropolitan Cum
pany Will gather in the second Avenue line. Tic
following elected directors OF the Second
Avenue Company: samuel Knox. Edward ID. smith,
Charles Brenneman. Noah c. Rogers James l. Dreese
pays5n Merrill. william +. Peck. Richard ~ Anthony.
Charles f.. Wee>. George A. Mddlebrook. Constant A.
Andrews, Charles r. Cox and George ). Hart Sew
oral OF the directors besides Mr. Hart were SEEN but
they denied that Il the intention OF The second
Avenue Company T. sell out TO any other corpora
ton.
The consolidation Of Of New-York's strees
railroads aud the election OF John ID. Crmmns as
president of the big corporation Interesting
topic of conversation Yesterday among many classes
OF citizens. William c. Whitney, who is a large stock
holder in the Metropolitan Company. said that tho
public would not have cause 10 complain about Its
treatment I'm the way Of rapid transit. The cable
lines which being put In will be completed
r.; ridly rs possible said Mr.. Whitney and new
motive power will he put in where It Is necessary
Consolidation Of >treet-car lines In city is good
thing n transfers be given IN patrons. and the
directors of the Metropolitan have decided Ia be most
liberal with transfer tickets. The passengers VIII
be made comfortable. too. the most improved cars
Will DE u>ei.H
Mr.. Whitney declined to say whether 1t WAS the
intention 10 add any more lines besides those ready
absorbed a. the Metropolitan Company. That kind
OF business only be talked about after all the
angementS have been made said he.
The headquarters Of Pre- ident CfmInins will be al
the rlilroud Offices. nj Fitch ST. and Broadway lie
Eas ners yesterdsy bur it can hardy be 'a tbc that ne
numerous details that viii have be arranged before
the officers OF the companies comprising the big cor
poration will step down and ont.