New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1894-09-30
ROTGET BY JOHN N. STARTN.

THE Staten ISLAND FERRY FRANCHISE SOLD
Controller Fitch Yesterday 500 the franchise OF
rho Staten Island Ferry Company from the foot OF
Whitchall-st to Staten Island FOR term OF ten
years TO Howard Carroll, the representative OF
John H. Starln who outbd the staten Island Kappa
Transit Company the present lcssees. lie bid 80
nor cent OF the gross receipts while superintendent
cannon. Of the Staten Island Rapid Transit Com
pany bid only 5S per cent. The price bid IL TO be
not less than $4,000 year.
The sale Of the Bay Ridge Ferry was postponed
Til October s. there is still an Injunction pending
prohibiting 1t.
There WAS an air Of something resembling mid eS-
element around the Controllers Office at II O'Clock
yesterdly morning the hour st for the sale Control
lcr Fitch was every moment expecting to be served
with an Injunction restraining him from going On
with the sale but none arrived Howard 'arroH
called on the Controller early and had talk
with him about the terms OF sale. The ten
wears leaae Of the ferry dates from June l.
1891 and Mr. Carroll wanted to know what
provisions the Controller would make II the
lease was sold TO him to compensate him for
one years loss OF time. The Controller said he
would make any promises. but would do every
thing In his power 10 make a fair adjustment IL
was evident by this time that Mr.. Carroll had set
his mind on buying the lease. Just before IL O'Clock
Superintendent Cannon. OF the Staten Island Ferry
with A. h. Boardmnn and few others. arrived
Peter f. Meyer. the auctioneer. was the next TO
enter and soon the Controllers private office was
filled.
The Controller then announced that the staten
Island + rry franchise would b. sold by auction
Deputy Controller Storrs read the terms Of sale.
He announced that the ferry lease Was advertised
10 be sold on May l5 last but was postponed from
time To- time on account OF lnjunctons. The condi-
lions were that the highest bidder would be
qulred to pay the auctioncrrs fee ana To dcp)sll
with the Controller n per cent Of the amount of
hts bid which viii b. credited on the rent Of the
nrst quarter Of year. The conditions also stated
that the minimum price for the franchise was b per
cent Of the gross receipts. and the total yearly
rental not less than G2 800 the yearly rental for
wharf properly WAS iixed at 2l.5o. making total
OF til G0 The lease also contains covenant pro-
he pv sent lessee OF the wharf property at N75oO
The rates OF fcrrlagc ere not TO exceed those now
nrsrd and tnr number OF trlps not less than At
Frenk s. Cannon bid the upset price. which IL )
per cent MIR Carroll bid 5i.. Mr.. Cannon hest
lated a minute and BID j's. Another minute elapsed
and Mr.. Carroll said 81. Going TOng." said the
auctionott. and there vas NJ response. done at
5i6" said the auctoHeer. ani the Staten Island
ferry franchise sold at last.
The purchase 9 Il by Mr. Carroll for John w.
Starn surprise.
Although the terms Of sale plainly state that tn"
new purchaser must pay TO TIE Staten Island Rapid
erty Sir. Carroll said that he d!d not understand
this TO he the case. There may be controversy on
THU point. The terms OF sale do not compel Mr
Starin 10 buy the boats
The Controller thinks he vii. he able to sell the
Bay Ridge Ferry franchise on october g.