New-York tribune., 1895-07-11
THE NEW CONFUSION MEETS
A PROPOSITION FILED BY THE EAST
RIVER BRIDGE COMPANY.
FRANK sPERRY AND FRANK D. PAvEY APPOINTED
SPECIAL COUNsEL-THE PUBLIC HEARING

SPECIAL CoUNsEI.-THE PUBLIC HEARING
on THE OFFER POSTPONED.
meeting Of the new East River Bridge Com
mission was held yesterday afternoon at No. 800
Broadway. All OF the members OF the Commission
present except Mayor Strong. Colonel An
drew d. Baird. president of the Board. presided,
ard F. g. Thurber acted secretary.
Commissioner Thurber offered resolution which
requests the officers of the cities of New-York and
Brooklyn TO issue s25 of bonds each for their re-
spcctive cities. The proceeds Of these bonds are,
according the resolution, to be used for defray-
ing the expenses OF the Commissioners. their coun-
sci. the salaries OF engineers and surveyors. and
the expenses incurred through condemnation pro-
ceedngs. The resolution was adopted.
Edward Iauterbach appeared for the East River
Bridge Company and filed the company's proposition
for the building Of bridge In writing. Commits
sioner Wa.es objected public hearing Of the
company's proposition until the return Of Mayor
Strong II decided to defer Mr.. Lauterbach's
address until n future meeting when the Mayors OF
New-York and Brooklyn were both present. Ex-
Asscmbyman Frank Sperry. of Brooklyn, and
Frank ID. Pavey. OF New-York. were appointed as
special counsel to the Commission. Then the Com
mission went into executive session
After the executive session MIR. Thurber said that
the principal business discussed the selection
OF a chief engineer. There have been numerous ap-
plicants for the place, but no one has been selected
yet.
The Executive Committee consisting Of Messrs.
Baird Spcrry. Batterman and DccYes. has arranged
TO one Of the candidates FOR the Office OF chief
engineer al Mayor Schierens office. in Brooklyn. to-
day At 23o O'Clock. The Commissioners refused TO
divu.ge the name OF the candidate.
The proposition submitted by the East River
Bridge Company began with review OF what the
company had accomplished Stree its organization
and then the real proposition. which. in sub
stance. is az follows:
We now Offer TO assign 10 you, 10y such instru,
ment As counsel may determine to be proper all
rights. tile and interest granted to the East River
FAR said rights apply the bridge designated in
our commissioners Proceedings and Report" as
| contemplated by the act OF 1895. under which you
are proceeding. Also. the consent Of ne local au,
| OF the War Department OF the Federal Government,
also all the surveys. plans and eng nceeTnS work
conveyance os the property Nos . ana 81 Pitt-st..
| Ne"-York and 40. 30 south Fi;th-st., brooklyn,
equity value in both pieces cal Hated AT actual
cost s2VD. also all the papers IN the proceedings
se,9Ie ae General M Tern On IN @ alss
/ against cook. also the sum OF $500 IN cash de-
posted 10 The Crrnan.a Bank New-York CWe
/ are prompted % cfcr you this cash balance
/ ln order that The Commission may proceed AT once.
as ], viii. no doubt. require some time 10 obtain
/ Ippropr atoms for Expenditures dnder the act Of
/ lsi) our price for this Is he sum Of $4,000. and
! tac interest az me rate ~ per cent per annrm,
Interest 90 b" cal uiatel AS 10 $1,000 from Apr ~,
ls-- and as 70 5000 from Aprl Il. 1896 said pay
rnent go be made % us within months rom
/ date hcfo.t unless appropriations can be obtained
1 hs 'h" Commissioners at an earlier daie; hen AZ
NIur option on ave days notice At any zine BEFORE
! SIX m1nias The company WILL guarantee hat you
"l receive All this property iree ana Gear o, any
! len ~hhtso"v'i. except ne MORTGAGE of 5000 on
! frc Pltf-sf property. This offer g made on con-
dillon. however. that the bridge and the aqproac ne,
ie so strurtoi ffai the trains oi the Brooklyn
! E.eva''I Railroad Company may be operated oyer
sad bridge auI .is approac hes 20 the terminus Oi
/ saa APPROACH .n the cry u Nrw-Nork. The ap-
proAcn thereof n the Ciy ~ NeH-lork shall inter-
s'et "a" approach 20 b" c1ns,ru.i ted appuficnant
80 tho bridge y1I purpose 20 huiii. mat sl'd az,
proa b may also be- used by any elevated railroad
| company which the East River Bridge Company
snail permit % operate trains over said Bridge
| 80. p ana upon such terms As sla.l b" Just. Tho
East River vi !gc Company so rkfolders look for
th.ir Iron largely 20 the 'unan' u-nt IN value OF
. their AllI.nr- ln TIE brooklyn Elevated Railroad
COMPANY They. therefore. 1fer IN" enterprise 10
unon ne above terms wiki a Wow Of So lring
these benefits 20 The Brooklyn Elevated Railroad
: rrmraflr7 l. re privilege % crossing the bridge
hy It's ar. should not Doe granteI To tho Brooklyn
! Elevated railroad company. THIS company VII stu
%. wiling 20 sell huf = VIII. naturally, expect TO
be- paid u larger sum IN view % the loss D. the
expected profits
Tn. Boarl VIII meet again Tuesday.