New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1897-01-28
CONTROL or sEcoND-AvE. LINE.
MAJORITY OF THE STOCK SECURED BY
METROPOLITAN TRACTION

roror, that can,aists connected with the Metro
poIitan Traction Company had purchased con-
trolling interest In the Second Avenue na'oe'
confirmed yesterday by william - "e'
and Thomas r. Ryan. Mr.. whitney sao ',a' "
majority of the stock OF the second Avenue 80
road Company was offered for sale to him re"
DAYS ago. and while the Metropolitan Irac'io"
Company had not acted a corporauo" ~ ~
purchase OF the controlling interest," the S'o" -
been purchased with view to incorpora''ns 'o
Second-ave. line with the Metropolitan sys'e" -
the near future. Mr.. Ryan said he had jolned VII"
Mr.. whitney and other men interested In the "e.''
politan system to purchase the control OF tne oe'
,ond-ave stock with the understanding tnat '"e
Second-ave. line would be leased to the MeUo-
politan.
so far as could be ascertained yesterday there
had been no agreement between the metropolitan
and the Third-ave. people for union OF interests
The Third Avenue Railroad Company has shown a
disposition 10 hold its properties. believing the" u
be worth much to Itself as to any other corpo'"
tion and to control Of lines which the Metro
politan Traction Company could not get. There mas
been a tendency to the control OF street railway
limos in the large cities by great corporations in re-
cent wears In Boston and In Philadelphia, MS well
as in this city corporations have secured conroi OF
most OF the street railroads In THIS city 'he'e 10
prospect that all the smaller lines VIII oe ao'
sorbed by one the other OF the TWO large CUT
ticns. . ..
cars the prospect of having the lines controlled oy
the Metropolitan Traction Company has not oeen
altogether agreeable and they have Expressed mu'''
criticism Of some Of the companys metn oi the sys
tenn of transfers and the turning OF passengers 3o
Of cars stations along the ca6le nne ~ 80 becn
nj her ca which are overcrowded Tnere nav 49,,
number Of accidents. not only at De n,.S nan huf
Curve where several persons have oeeh -, n'e ey,nS
also at other points In Broadway ana IN EeAi az
nave and these accidents have increased '"e o''
The hringimr Of The Second-ave line under the
OF the Metropolitan Traction companSS
Ine sH at rs Su and It may ,he change from
horse underground trolley ares miles
Of double track and sdngs in the Second Ay TsrpS
Rarosd The main line is PECK 5ecR sp
oiyer.s Park Row BoweTy Grans,st to F the
Fast s saTs ana reSrnng from Sec
ondae go through Ghrysties o ins psr q Row to
Peck Sip The line has branches from Second Srd
ave- at Twentythird-st through tns Bowery
from the East River and Mad
son-sve Eighty and the transysT Verse, r sad
a% csPTa raTs h
pass t, s sscsdSaye
tasatio s1e q BY stock amoYnt
ss t. and + g, $sssn sS u. 6S ss%:
grafton since iss4 In recent years 1t has carried
nearly twenty miIon pTecents were sss7 ls5 and it
paid $685. 100 in dividends it's capital stock Inc
officers Of the company are George >. ha.' pT ~
denf: Charles F. Cox. vice-presdent; Jonn Is. Hn-
derhi,l secretary and Henry E. Doremus' treas
,.-.. ,ho canerai
Electric Company and the Metropoitan loac' tSa
Company for the electrical equipment OF me
Fourth Sixth and Eighth ave. surface raii t
The generators ordered aggregate i S nO aSeI
Electric Company will not construct condnits OF
law tracks but it will place the electrc appliamces
in the conduits The employment OF eiec.Icn.' ~ ~
is expected. will reduce operating expenses on 'he
three lines to a minimum.