The sun., 1897-04-27
6THANDSTH AVENUEROADS


ne WIN ray whatever 1t Cests the City q
Rea-su-.e the Frsrchisos ana no Per Cent.
| Aadittsral. ana the City Ncedn't Raise Any
ploney - Bsy with-wm Tee the Best
Meter ssa Make Any Required Transfers.
This letter was sent yesterday to Mayor
Strong. Comptroller Fitch, and Recorder Goff,
Commissioners Of the Sinking Fund:
DEAR srRs: Herewith I take the liberty of
handing to yon for your .perusal q copy OF the
printed papers IN the suit now pending IN tho
as plaintiff. and Charles II. Z. Coils. as Com.
missioner Of Public Works, tho Mayor. Alder
ESS Il
Metropolitan Street Railway Company. de-
fendants. n 70 q ro,trsin ST tho defendant Commis.
init to the street railway companies TO change
the motive power of the Eighth Avenue Rail.
Irequest your examination OF these Papors
particularly as to tho offer of Henry J: Braker
hS for By hS
the afiidavits Of Messrs Alfred s. Hcldebach OF
tho firm OF Heidelbach, Ickelheimer & Co., and
National % Bank OF the ' city Of 4 New York. as to
Mr.. Braker's financial capacity to carry out his
In examining Mr.. Braker's offer, I particu-
larly ask you to notice that no agrees to accept
sS sS' Of SeS2s S
and franchises, representing the cost OF construc
the said contract OF September, 1851"
I especially call your attention TO this clause,
ter to senator Rainos, in which he expressed his
approval OF the Ford bill. then pending before
5 Ss the 80
lack Of time-the issuing Of bonds provided for In
such bill is rendered wholly unnecessary in view
thorized by him TO state that he is prepared to
give ample security in this respect to pay these
cept the ranchise-thus placing himself in exact
ly the same position as the purchaser OF an equity
OF redemption in parcel of real estate who as
amount ] : invested vest would be- wiped % out Il he did
not pay the amount Of such prior lien.
city is relieved Of the only difficulty which the
Corporation Counsel has brought forward, Mr..
which there can be no question. is one which the
city officials should at least give some heed TO at
also particularly wish to call your attention
only use such motive power as shall be zap
York and the board Of Railroad Commissioners
Of the State OF New York. and any one reading
tends las am authorized auth to state Ia HHs on his bcha
to use the most improved motive power that has
been invented I az to speed safety; and &c Sonysn wen
will not for moment delay tho bctter facilities
of transit which the pu bile demands on the two
also wish to call your attention to the fourth
condition subject to which Mr. Braker offers to
Be subject @ to such PROVISIONS ms as % shall Se estab
lished By the city Of New York and the said
surface rsilways. the ofier further stating that
It is Mr.. Brakers intention THAT the said roads
them"
ofier is Of greater advantage 10 the city Of New
he offers to pay. both at the outse: and for the
fo the cash whsR Mr. BfeT Offers G
pay. to wit o.. .0o0, 900 at once aud the interest
only to the benefit Of the taxpayers, the facili.
ties which he guarantees as to transfers will
tSs city Of New York % Wheths
Any one patronizing the Sixth or Eighth ave-
nue. roads at the present time will very quickly
ascertain how few transfer connections there
now are: and II the transfer matter is carefully
investigated it will be found that any system
crease the facilities of ali stree, railway passan
gers in the city Of New York using either those
Ihavo addressed this letter to you as Com
missioners OF the Sinking Fund. as / consider
9 tsa that the oes
rights Of the taxpayers OF this city, and trust
that this matter will be considered at your next
state that il you desire any further information
In regard to his ability to carry out his offer or
Which the @ properties m will be managed mana @ I he is pre
pared TO furnish the same. and, II you so request
1t. to attend personally before you at any time
you may appoint.
In closing. let me ask you to note the clauses
of the contracts under which tho city has tho
right to reentc-. and the decision OF tho General
Term Of the Supreme Court and the Court of
Appeals constituting this contract as to the Eighth
Avenue Railroad Company.
Trusting that this matter will receive your
careful consideration, am. yours very truly,
CHARLES HENRY BUTLER
Attorney for H. J. Braker.