New-York tribune., 1897-07-23
THE PROPOSED RAILWAY UNION.
OFFICIALS HERE AND IN BROOkLfN nHA
CENT-sIGNIFICANT DEVELOPMENT
IN THE LATTER CITY.

Whenever n railroad reorganization. consolida'
tion or deal of any kind is under way the on,o,, n,
concerned are always as mysterious az .n' -,
Mr.. Bugle. Denials galore can be hau rom -
interested and officials who refuse TO taIK io' -,
ucation are as thick butterflies In June. ino
proposed consolidation Of the Brooklyn street raii
way system and the Metropolitan Traction .oii
pany of this city has brought forth a hoou =.
denials. conjectures and an amount OF reti'e"Ne
that is interesting. A prominent raiiroau Hi'
said yesterday that the matter was sun III SUI.
an embryo form that those interested were ape "
say truthfully that nothing had been done as yet
But that negotiations pending Is known 10 a. a
certainty. Whether n favorable termination VIII
result is still matter OF conjecture. Coniere"oe'
are being held from day to day. but so much Sc
crecy Is maintained that II Is hard to hno OUT just
what progress is being made.
Thomas F. Ryan denied the reports OF CON-
solidation In this language yesterday: yes l
have seen the article published In one OF the MORN
ing papers and also various other statements uui
ing the last week, which have appeared III '"e
public prints regarding negotiations for the con-
solidation Of the Metropolitan Traction Company
and certain Brooklyn railroads. There Is not one
word of truth In these statements. NO one WIN
any authority whatever from the Metropontan
Traction Company. or those who are In cohtSl VI
that corporation, has attended n meeting at ths
purpose"
WAS the matter discussed at Mr.. whitney,
dinner at the Metropolitan Club?' was asked
ut not"
The eyes Of Brooklyn spectators are just no"
riveed the various railroad systems OF that CITY
1t seems to be conceded that the trend OF afais :
Is toward an ultimate combination OF severaI ol
the biggest railroad systems OF New-York ana
Brooklyn. Instead Of being accomplished all NJ
once. however 1t IS thought that there may oe
several sets Of combinations before the iinai u'o
Is effected.
The first consolidation will probably be that OF
the Brooklyn City and Newtown and the Broo%klyn %
and Coney Island railroads. General Louis fIz..
gerald, Henry d. Hyde and others control the nfst
of these roads. 1t is said that they have beer Duy
OF controlling that road also The Tribune yessIer,
day morning told Of the circular which mas Deen
plan Of consolidation 10y which the De kaio-axSeh aye
road will increase rs stock N.Ooov0 anu with
The stock OF the Brooklyn Heights Company mas
jumped from 10 to "a since June and ths bohuS I de No
10 the heavy buying OF the syndicate and also 70
the confidence inspired by the belief thar there Is
20 be a union. The Brooklyn City and NeWtqwh
Railroad Company wants to lay tracks in Dylslon-
ave from It's Wythe-ave tracks 10 Havemeyer-st;;
The purpose Of this Is undoubtedly 10 give the road
a connection with the East River Bridge. as IL was Was
publicly declared TO be. But In addition, II wants
to in the other direction from Wyths, ~,
down Divsion-ave to Kent TO RusnLs,: , ald eights
Company occupy Kent-ave.. and II LOOKS Nors 49,
much as II this was preparatory move 3,. to con,
soIidaon It may hoTeyer s a Tnp palbeave be people
are giving both systems an approach 10 the priuBe
by the sane route. The Aldermen have not giSer gte
the subject any official conslderatlol ailhous my
have had IL before them for more than month
There was a rumor yesterday that the Brookya
Elevated road war TO be taken into the compha-
ton and indeed. that the syndicate had ascer11
tanned just what il would cost II 10 get me coh3
Nassau was likely TO sell out and gave as a
reason the difficulty of agreeing on terms