New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1897-06-07
REPLYING TO ROBERT p. PORTER.
CHARLES HENRY BUTLER on THE SIXTH AN
EIGHTH AVE. RAILROAD FRANCHISES

CHARLES HENRY BUTLER on THE SIXTH AND
EIGHTH AVE- RAILROAD FRANCHISES.
The Tribune on Friday published letter from
Robert p Porter in regard to H. j. Brakers offer
10 bug the franchises of the Sixth and Eighth ave
railway companies. Charles Henry Butler. counsel
to Mr.. Braker has sent the following reply to Mr..
Porter:
of e R TO fae M
Brakers proposition TO purchase the Eighth and
and you will pardon me for asking you few ques
lions which you are at liberty to answer or not
Where you get the figures for the cost of the
Eighth Avenue Railroad as @e6aoel; The comp92-
% per cent ard the million dollar bonus / do not
know but, SO far from conceding that they are
% SHOW ha e to out
way; and. so far as the Eighth Avenue road is
Brakcr Would exceed S 6co the Interest on
hsh at YOU'D b %S Thsh abe e
4Ss As9sSo ssas !3a nSs With
fixed charges Of at least s2l5o0o rental. as appears
BY your own and as the eTpense of OF
the same for IT for Mr.. Braker. the Metropoli-
addon to n the of
M sS n about TO his or would
to your ideas of slssoOo so that, in any event &C
%o GGA be- yonr ss than the ops
and. therefore as. according to theory, MI. Braker
Will simply meet wreck ana ruin III MS ONer is ac-
cepted, possibly the present occupants and their
lessee may meet the same fate. as they start with
heavier hXeu charges. and yet they seem to be
quite willing to embark in the same venture which
you think would bankrupt Mr.. Braker 49, ,
That portion of the headnote to your letter In
The Tribune which says The Metropolitan COM
pany's terms the better | confess puzzled me.
for. although | have become acquainted TO some
extent with the relations between the Metropolitan
Street Railway Company and the city OF New.
York. up to the present tirle have not heard OF
any proposition whatever coming from that source
urnl In m
posed by the Metropolitan company.
In closing your letter you state: 1t Is obvious
that the city would have object In dealing with
Mr.. Braker. for the simple reason that by contlnu-
ing the present leases IL would receive nearly $4,000
per anniim more from the Metropolitan Street Rail-
way Company than Mr.. Braker with all his lib
erality has expressed his disposition TO pay"
II there any terms offered by the Metropoli-
tan by which the city will receive $4,000 more per
annum than Mr.. Braker has offered; 1t will, l
think be news not only myself. but also to
every member Of the city government, as we'll as
every official OF the railway company itself
While. on behalf of Mr.. Braker. thank you for
the deep interest which you have taken In his
financial welfare. only say that, up to the
never become involved in any such disastrous
speculation you predict that this one will be,
but at the same time after carefully examining
all OF your figures, he has authorized me to state
that his offer Is still open.
Your letter, however. has thrown some light on
city officials to take any action whatever in regard
to his offer may be the result of their regard for
Mr.. Braker. and to prevent him from losing the
vast OF money which. according to your
of these railroads if by any chance he might ac-
re