The sun. [volume] (New York [N.Y.]) 1833-1916, 1898-01-15
HUCKLEBERRY TO BE SOLD.
aHERH AVENUE CoMPANT WEI
BUY TIE TRoLLEY JINBS. e'

vS,- rr.v nr.an . ,stnsis ware nren Ire rest
Omoe M % View nsoheils ana Yonkors-
u1usra 1Autevhaoh Adrnits That the
nssl rnas nesn Practically cenoiudea.
A the result Of negotiations that have been
practically completed the Third Avenue Rail.
read Company 10 10 add TO its system the Inn
portant network OF trolley lines in the borough
Of he Bronx owned by the Union Railway
Company. This company IL commonly called the
"Huckleberry," = reference to the fact that its
lines extend through q large section OF thinly
peopled territory. Edward Lauterbach. coun-
sol Of the Third Avenue Company, said yesterday
that the deal By which his company would 40
ouire the Huckleberry lines had boon practi-
oally accomplished. the Third Avenue COMPANY
having an option on moro than o controlling In
tsrest of the %, 100000 capital stock Of the
Union Railway Company. Tho sale will DO
closed within the next ten or twelve days.
The requirement OF tho Hulkloberry lines by
the Third Avenue Company will give to the lat
ter about thirty-seven miles OF owned and leased
tracks in the old annexed district and beyond.
with the right TO build ffty.four miles more.
There will be q natural connection ut 129th street
and Third avenue, just below the new Third
avenue bridge, between the two systems. the va
rious Huckleberry lines running over the bridge
at this point. This will give to the Third Ave
nue. Company q through limo on the east as far
a. New Rochelle. while on the west the pro-
posed Kingsbridgo extension will give q limo
westward to Yonkers. Personally. Mr.. Lauter-
bach said, he was in favor Of O transfer system
that would give the Third Avenue passengers a
through ride over the emalgamatcd system lor
one hve-cent fare. although just, what course
would be decided on IL was too early to say.
The Union Railway Company has a bonded
indebtedness OF So, 600. 600. and two OF the COM
panies that 1t controls by ownership OF stock,
the westchester Electric Railroad and the
Go,rtharn R0ulavnrd Railroad. have an nd0t-
tional bonded Indebtedness Of $750,000,, tho
bonds being guaranteed by the Union Railway
The Union Railway Company was organized
In 1892. Its franchise. granted by the state
Legislature, IL considered to DO q very valuable
amended general railroad law, including that
requiring roads in cities OF more. than 100000
Inhabitants to pay 3 per cent. of the gross re-
ceipts to the city treasury, and after five years
8 per cent. annually. Instead, tho company was
required to make annually a statement to
the. year aud its daily earnings during
exceed an average Of 81, ZOO a day. then and
thereafter the company Is to pay annually TO
the city / per cent. Of its gross earnings and l
9 day of such average gross earnings. The com.
ended June 80, 1897. was $541, S55, against
QzSo.6 6s in the previous fiscal year. A surplus
was reported to have boon earned over charges,
taxes, &c. Of $Se.391. Anthony n: Brady has
and others that have been reported to be inter
ested In It have been former Gov. Roswell p.
Flower, former Lieut. Gov. William +. Sheehan,
former Mayor Hugh ]. Grant. and =. /. Olcott.