New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1897-07-22
PLANNING FOR UNION.
TO CONSOLIDATE NETWORK AND
BROOKLYN SURFACE ROADS.
CONFERENCES HELD BETWEEN REPRESENTA-
COMPANY AND THE BROOKLYN RAPID
TRANSIT CoMPANY-THE MOVE
urNr ACROSS THE RIVER

COMPANY AND THE BROOKLYN RAPID
TRANSIT CoMPANY-THE MOVE
MENT ACROSS THE RIVER.
There is no longer any doubt that negotiations
are pending looking to a consolidation OF the
surface railroads Of Brooklyn and the Metropol
itan Traction Company. Of this city Whether
the negotiations will result In consolidation or
not Is a matter of conjecture but those who are
engineering the matter are hopeful Of their ia
vorable termination.
When William c. Whitney entertained num-
Der OF friends at dinner last Thursday night at
the Metropolitan Club. 1t was announced that
he had called conference Of gold Democrats to
discuss the local campaign this fall. 1t Is now
known that politics were discussed only incl
dentaly, and that the real topic under discus
sion was the plan Of consolidation referred to.
One Of those who attended the dinner is author
ity for the statement that long and earnest
consultation took place concerning the ahairs
OF the Brooklyn roads and Of the Metropolitan
Traction Company. Since that dinner various
conferences have been held One of these confer
ences was held at the Hoffman House on tues
day night. and lasted until late yesterday morn
Ing at which the proposed consolidation was
again thoroughly discussed. The names OF those
present at the Hoffman House conference were
not given out but It Is known that various per-
sons interested in the Metropolitan Traction
Company and officials of the Brooklyn Rapid
Transit Company were present. One or those
present at this conference said yesterday:
You may expect big things to loom up one OF
these days soon. 1t is too early to talk about
details. but everything is running smoothly. Of
course everything is more or less Undecided as
yet and a great deal depends upon the prioge
connections that can be made AS 1t Is, the
Metropolitan Traction Company now has excel
lent routes to the entrance Of the proposed East
River bridge. 1t is also likely that satisfactory
ARRANGEMENTS can be made for crossing the pres
ent bridge. OF course, these details are pelns
discussed, and 1t may be some time before any
thing is actually accomplished; but consohda-
tion Of the surface lines Of the two cities now
seems exceedingly probable. SO far as the con-
solidaton of all Brooklyn lines prior to the
greater consolidation is concerned it is said that
everything is working favorably."
The stockholders of the Brooklyn City and
Newtown Railroad and Coney Island and BROOK
lyn Railroad have recently received circulars
suggesting a plan for the consolidation OF the
two roads. and urging that immediate action De
taken to bring about consolidation. Inc ma
jorty Of the stockholders of each road IL Is saiu'
are I'm favor of the scheme The officials OF the
road neither affirm nor deny the stories OF coh-
solidation when talking with reporters, Dut Wneh
in consultation with one another as they nave
been several times, they consider the details lor
the union and look forward to the time Wheh
the two roads will be running under one man
agement , x,o,
According to weil-informed business man.
who knows much about the affairs or the ROADS
the capItal stock of the Brooklyn CITY ana New
town road is to be increased from sl.W'ouVV W
S2OOO UgJ and then the stock OF the Coney Isl Isl
and and Brooklyn road, amounting 70 SiVwVw'
is to be exchanged for an equal DocK Oh l@ne @
BROOKLYN City and Newtown stock Inc result
Of this ARRANGEMENT will be that the Cohey Isl Isl
and and Brooklyn road will become practlcaly
a part of the assets of the Brooklyn City anu
Newtown. $1,000 ,s
President Sullivan of the Coney Island ana
BROOKLYN road admits that the proposition loi
the union has been submitted to the STOCK.
holders but says that the stockholders are yet
to be heard from. x o
The Rrooklyn City and Newtown road mas re-
centIv made plans TO extend its system through
Queens County to North Beach. thus aouinS
many miles Of new track. AT present tne l roau
has a mileage of only eight and three-quarle,
miles while the mileage of the Coney lsiahu anu
Rrooklvn road is twelve and one-quarter miles'
The securing recently by Henry b. Hyde presl-
dent Of the Equitable Life Assurance Society' ol
on interest in the Brooklyn City and Ne"to"n
system is believed to have prompted the present
ecbarpa of consolidation in Brooklyn