The evening world. [volume] (New York, N.Y.) 1887-1931, 1894-09-20
DIRECTORS ELECTED.
N. Y. and N. ]. Bridge Company
Holds a Meeting To-Day.
Cantiiever Preferable TO Suspen-
sion Structure.
Secretary Swan Says the New Bridge
Will Cost 500, 100000.

The New York and New Jersey Bridge
Company held a meeting at noon to-
day in the. Company's Offices, 2li Broad
way, and elected the following Board
of Directors:
John B. Kerr, President New
York, Ontario and Western Railroad
Company, New York; Louis Windmuller,
director Title Guarantee and Trust Com
pany, New York: Charles A. Smylle,
merchant, New York. Frederick Potter,
Potter Building, New York; william
Bell, Produce Exchange, New York;
William II. Ely, leather merchant New
York: Lorenzo Duncan, merchant, New
York; John Loughran, President Manu-
facturers Bank. Brooklyn; Charles ii.
Swan, Treasurer New York and New Jer-
sey Bridge Company, Brooklyn Daniel
n. Lockwood, Buffalo; Gen. James ).
Clarkson, Des Moines, Ia; John ). Kun
nells, general counsel for Pullman Com
pany, Chicago. ILL.,, and John G. Adams.
President Gas Company. Newburg.
The additions to the directorate are:
Gen. James S. Austin, of Des Moines,
Ia; John $. Runnells general counsel
of the Pullman Company, of Chicago
The election of Mr.. Runnells is espe-
cially satisfactory to the Bridge Com
MANY. as through him a strong outside
railroad influence may possibly be CON
| trolled and competition from such a
new and powerful quarter Is expected
by the Company to prove OF great pehe-
At
Secretary Swan read a report on the
| prospects of the construction OF the
bridge to the stockholders. and IN part
I'm reading the report Of the engineers
II must be carefully observed that II
specifically declares that the ngures Oh
estimated cost are not to be taken as III
any sense absolute or approaching cor
rectness, but are to be taken only rel
atively in determining the comparative
costs as between the various plans
| mentioned. The report shows that the
plan proposed by your company OF a
two-thousand -foot cartilever bridge Is
the cheapest and safest structure. Inc
conclusion about the suspension plan re-
safe and practicable as required ny tht
Act, but simply safe If certain modes OF
construction mentioned In the report are
followed, and it's practicibility Is not az
tested; the remark is simply made tha1
the Board is not satisfied that the cost
of construction of suspension bridge
ticable. thus showing that the Board die
not feel warranted in declaring sus
pension bridge plan as entirely and posi-
lively practicable from financial stand
point.
The plan proposed by your Company an,
to be adopted, from an engineering ant
building railroad bridge over the Hud
son River is not easy of solution. Tt
raise the large sums needed for such
as to repel capital from investing In i
as a safe and profitable enterprise. Thu
outlay must be warranted by the trathc,
so as, to, make. 1t attractive to capital
he hri1 hain cd
for railroad traffic, must conform to tn
needs Of such traffic and the desires @
railroad managers generally. so that
may be popular with those for who's
use 1t is constructed. 1t must be rigi
and safe from the chances of casualt,
and the benefit of every doubt must b
> given in favor of a plan which shall nc
, only be financially practicable. but G
! such undoubted strength as to enabl
all the railroads using it to make tn
he spesa I'll anPress 'Fas
: bility Involves the fixing Of rate
'. fare so reasonable as to make Its us
2 popular: The concensus OF al railroa
pension bridge. The suspension plan
y contrary to the lessons taught by e,
| perience, would involve nearly twice Q
r ton as the cantilever plan and the co,
would from careful estimates exceed b
4 at lease SIS, 00O.0 900 the cost of a stru
e ture of the plan adopted by your con
e p9a!n amy. o.n,,,ever ,r,oro ., . ooo ia,
span can be finished within four veal
at cost not to exceed 800, 000, 900, II
= Guiding the interest on bonds durir
construction, whereas the suspenslC
v plan would cost $35, 100000 and wou
take nearly four years longer to buil'
the said s35, 900 900 does not include Il
interest account upon bonds during II
four years that ii would take to but
II beyond the time 1t takes to build Il
e cantilever bridge. and this item aloI
= will amount to several millions of dc
e lars, to say nothing of the great To-
Is of further millions In the traffic lost
v these four years.
IS "The stockholders cannot reasonab
adopt any system or plan except oil
If which Is both safe and practicable. TIL
/: involves a cost which shall not he nr
u hibitory to Its use by railroads al
ID must be of such rigidity in structure al
n with a grade so nearly zero, that trail
'e can speed at the same rate as on Il
soil, and the cost for transit must be
D. reasonable as to command the trait
None of these qualifications can
found in the suspension plan"
- Secretary Swan stated to an 81" Eve
+ ing World" reporter that he did n
S. expect the Secretary of War wou
Ig make known his decision as to t
length of span for the bridge befo
October.