The evening world. [volume] (New York, N.Y.) 1887-1931, 1894-09-20
DIRECTORS ELECTED.
N, Y. and N. ], Bridge Company
Holds Meeting To-Day.
CantiIever Preferable to a Suspen-
sion Structure.
Secretary Swnn Says the New Bridge
will Cost $22, 100000.

The New York and New Jersey Bridge
Company held q meeting at noon to-
day in the Companys offices, 2l4 Broad
way, and elected the following Board
of Directors:
John b. Kerr, Vice-President New
York, ontario and Western Railroad
Company, New York; Louis Windmuller,
director Title Guarantee and Trust Com
pany New York; Charles a. Smyle,
merchant, New York; Frederick Potter,
Potter Building, New York; William
Bell, Produce Exchange, New York;
William H. Ely, leather merchant, New
York; Lorenzo Duncan, merchant, New
York; Jonn 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 S.
Clarkaon, Des Moines, Ia; John 5. Run
nells, general counsel for Pullman Com
pany, Chicago, H., and John c. Adams
President Gas Company, Newburg'
The additions to the directorate are:
Gen. James s. Austin, of Des MONIES,
Ia; John S. Runnells, general counsel
of the Pullman Company, OF Chicago.
The election of MIR. Runnells is espec-
tally satisfactory to the Bridge Com
pany, as through him a strong outside
railroad influence may possibly be con-
trolled, and competition from such
new and powerful quarter is eXpeCleu
by the Company to prove OF great pene-
fit. 49,
Secretary Swan read a report on me
prospects of the construction OF tle
bridge to the stockholders, ana IN part
| said: ,
I'm reading the report of the engineers
| it must be carefully observed that II
| specifically declares that the ngures OF
estimated cost are not to be taken as IN
| any sense absolute or approaching cor
| rectness, but are to be taken only rel
atively in determining the comparative
mentioned. The report shows that the
plan proposed by your company, OF a
| two-thousandfoot cantileVer brldge Is
the cheapest and safest structure. me
| ferred to Is not that 1t has been found
safe and practicable as required by the
| Act, but simply safe If certain modes or
construction mentioned in the report are
followed and its practlcability is not at
| tested: the remark Is simply made that
the Board Is not satisfied that the cost
! of construction of a suspension bridge
would be so high as TO make IT imprac-
ticable, thus showing that the Board did
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
Is the only feasible and practicable one
| to be adopted, from an engineering and
building a railroad bridge over the Hud-
son River Is not easy of solution. To
raise the large sums needed for such
structure its cost must not be so large
as to repel capital from investing In i,
as a safe and profitable enterprise. The
outlay must be warranted by the traffic
The bridge being) designed exclusively
for railroad traffic, must conform to the
needs of such traffic and the desires o.
railroad managers generally, go that Il
use it is constructed: 1t must be rigic
and safe from the chances of casualty
and the benefit Of every doubt must be
given in favor of a plan which shall moi
only be financially practicable, but o.
such undoubted strength as to enable
all the railroads using 1t to make the
he speea I'll OF nancal pracca
bility involves the fixing of a rate Of
fare SO reasonable as to make its use
popular. The concensus of all railroad
pension bridge. The suspension plan |!
contrary to the lessons taught by ex
perience, would involve nearly twice a!
much time in the course OF construc
ton as the cantileyer plan and the cos
would from careful estimates exceed b,
at lease SIS, 900 the cost of a struc
| tult VI TIE pam duOIteu ny your com
pany.
THE cantilever bridge of 2,OOO-fee
span can be finished within four year!
at cost not to exceed 81, 900 900. in
Guiding the interest on bonds during
construction, whereas the suspension
plan would cost $35, 0OO, 900 and would
take nearly four years longer to build
the said sS5, 0O0 900 does not include tn
Interest account upon bonds during tn,
four years that II would take to built
1t beyond the time 1t takes to build tn
cantilever bridge, and this item alon
will amount to several millions of dol
lars, to say nothing of the great los
of further millions in the traffic lost II
these four years.
The stockholders cannot reasonabl,
adopt any system or plan except on
which Is both safe and practicable. Thi
involves n cost which shall not be pro
hihitory to its use by railroads AM
must be OF such rigidity in structure an
with grade so nearly zero. that train
can speed at the same rate as on tn
soil and the cost for transit must be s.
reasonable as to command the traffic
None of these qualifications can b.
found in the suspension plan"
Secretary Swan stated to an Even
ing World" reporter that he did no
expect the Secretary of War woul,
make known his decision as to tn
length of span for the bridge befor
, October.