New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1892-03-15
AFFAIRS IN BROOKLYN.
DOES TIE RING HOLD The STOCK?
TIE ELEVATED RAILWAY FIGHT AND THE CITY
GOVERNMENT.

GOVERNMENT
The members of the Big Four" in the Brooklyn
Board Of Aldermen. who controlled legislation in that
body when the franchise Of the Union Elevated Railroad
Company was granted in 1ssG, were Aldermen Nc
Garry. McCory, COfey and Kane. The three hrst
named voted favor Of granting the franchise Each
denied yesterday any lot or part IN the Dc DIoch
Of stock which Anthony Barrett now holds as trustee
refusing TO dvulge for whom he holds It, Kane VINO Is
now eX-Rcgster voted against the franchise he be
lieved the Kings County Company had rights TO certain
streets named in the franchise McCarty Is now
senator and he said yesterday that he never received
a single share Of railroad stock for any vote he ever
cast In the Common Council. Jarrett is III with
pneumonia at his house. and no one can see hlih'
It's believed that the 20 100 shares held in Barretts
name were not issued 80 much for the Aldermen as
for certain Influential Democrats, who closely as
socated with Barrett aud who exercise cOAtroinhe
influence not only in the Board OF Aldermen but also
with the entire city government. The names OF these
men were connected with the grant the Union Com
pany time it made, aud they were regarded
as interested the bridge franchise granted recently 10
some of the leading men controlling the consohda'ed
Brooklyn and Union Elevated Railroad companies
The officers Of the company say they have been unable
10 find out for whom NJ Barrett holds the shares. II
bonds were issued with the stock. 1t would not be
necessary TO hold them in trust, as the owners couid
not be traced by the coupons cashed The hearing III
the case IS sch down for March 30
Henry ". Putnam, IT,, son of the president OF INC
stock he holds, was seen in New-lork and sad yes
terdav. &C j. c. Han who brought The suit, Is work
ing I'm the interest of the stockholders of the company
Tho 20 703 shares which Mr. Barrett holds rs trustee
IS "A nth of The whole capitalization OF the company
IL IL is wiped out al the rest OF the stock Will be Just
that much benefited. Upon that point We have re-
ceived Il number vi proxies. Indeed, think that even
Including Mr.. EalIeu's stock, would be able 10
win AT the last meeting they would have beaten US
by about 5000 shares II these shares were Included
If they were cancelled, would have beaten them by
1900 shares. think that We have more IMAM maze
UP those 5000 shares. l suppose that If We were
beaten on this Injunction Mr.. Barrett would transfer
lis stock into the hands of innocent third party
/ believe indeed, that lie claims to be an innocent
third party and that he says was legally transferred
10 him By a gentleman now dead don't tmhh that
This will work however. We have tried our best 10
lind out who Mr.. Barrett represents, but all the IN
formation that could set that he was trustee
for 'cer.an individuas-only that and nothing more
The franchise gwen to the elevated railroad in 1855
was adopted by this vote: Aflrmatvc-AldermeiS
Blrlett, Black, COiey, Cook Corwin, Enge fanninG'
IIanley, Uirschied, Itien, McCary, McGarry NC
GIath, Mckee, Maurer Olena, splitter and Weeks-lo'
negatve-lAdeman Kane
The serious illness of Anthony Barrett. following so
closely upon the death Of Henry j. Cullen, ir, the
former trustee Of the stock in question: adds interest
10 the case. The charges made by Mr.. Hall that a
block of the stock held by politicians and was OBJ
tanned llegitlmatey, Is not new except III us DelhS
made in court. During the campaign of last fall when
Henry j. Cullen IT,, came TO the defence of The
elevated railroad, against William ZeGlcr, who charged
that it was cOTuptly undertaXed, Mr.. Xcsler replied
that the defence that Of the stakeholder In the
deal between the railroad men and the politicians.
The same charge is now made by one of the railroad
men, under the pressure of a fight with his former
partners.
former oaiceholdcr under the city government
yad yesterday Wait while and see II blocks OF
stock in the railroads which have just obtained
the right to by electricity not found 10 be held
In trust by politician in close ahliaon with tho
ruling powers. for persons whose names can by
10 means be learned. Much of the stock of the Long
Island Water supply Company held in blank Who
are Of The electric light plant is matter OF
common rumOr II has been shown who furnished The
blocks Tor the streets, and VINO lald mem, ana
who makes the money from pretending 10 clean them
1t Is all Of piece May he the Aldermen don't get the
stock. The Ring controls them without IL, ana saves
the good stocks for itself"