The Jersey City news. (Jersey City [N.J.]) 1889-1906, 1898-08-05
COMPANY IN ARREARS.
Agreement Of the ]. G. and
Rutherford R. R. With
the City Found.
WHAT WAS PROMISED BY THEM
Trolley Company Owes the
City $4,000 and Percent
ages--Lawsuit Ahead.

The agreement which the city mad
with the Jersey City, Heboken an
Rutherford Electric Railway Company
which was supposed to have been los
has been found. AS a result there is re
among the officials who were in
terested in its recovery.
The original agreement should hav
been iii the possession Of Conptrolle
Hough, but that official being unable t
find it declared It had never beer file,
with him. AT Mayor Hoos' suggestion
Comptroller Hough communicated will
Clerk Bouton, of the Street and Waite
and asked him If he knew anything
about the important document. Mr.
Bouton looked through his document DO,
to the JOY of all the members of Thu
Board found, not the original document
a duplicate of it. to which the sig
natures of the officials of the compan!
were attached, the same as to tn
original. The agreement is as follows
Know all men by these presents
That the Jersey City, Hoboken and
Rutherford Electric Railway Com
papy, and the directors thereof, do
hereby accept the location of the
tracks of said railway and the grants
and rights to said company, as con-
tanned in a certain ordinance passed
by the Board OF Street and Water
Commissioners of Jersey City, on the
t~wenty-nilth day of May. eighteen
teen hundred ~nincty-three, as by
reference thereto will fully appear.
And these presents further witness:
That the said The Jersey City, Ho-
boken and Rutherford Electric Rail-
way Company, as a part of his its
acceptance does also hereby agree to
and with the Mayor and Aldermen of
Jersey City, as follows, viz
First-That said ompan will an
nually. between the first and fifteenth
days of January in a year, file with
the Comptroller of Jersey City a state
ment, duly verified by one of its Off
GERS, of its gross earnings for the
year previous to said first day of JAN
uary.
Second-That such proportion of five
per cent. Of said gross earnings as
company. within the limits of Jersey
City. bears to the total mileage of
its entire system of tracks. shall
thereupon be computed and ascertain
ed. and in such computation each foot
of single track shall be the basis of
calculation.
Third-That if, ROM n such an
nual statement and &bmputation it
shall appear that the sail proportion
of five per cent. as aforesaid OF said
gross earnings exceeds the
ton of one hundred dollars per mile,
as provided for In said ordinance.
then and in any such event, the said
company agrees to pay to the said
COMPTROLLER, on or before the first day
of February following. for the fran
chise thereby granted. in addition TO
said one hundred dollars per mile,
such further sum or any, as may be
sufficient to make the amount paid
equal to the said proportion of said
five per cent. of said gross earnings.
as computed n ascertained as afore-
said; provided the said proportion of
said five per cent. Of said gross earn
ings. as computed n ascertained as
aforesaid. exceeds the amounts pay
able under spid ordnance.
This stipulation is raade in %fulflment
of q promise made by said company
to Peter #. Wanser. Mayor of Jersey
CITY. priar to the approval of said
ordinance.
In witness whereof. the said railway
company has caused these presents to
be Signed by its President and its
corporate seal to be hereto attached
and attested by its Secretary. and the
said directors have ~hereunto set their
hands and seals, this 10th day of
June. eighteen hundred and ninety
three.
Signed. scaled and delivered in the
presence Of
THE JERSEY CITY. HoBoKEN &
RITHTRFoRD ELECTRIC RAIL
Gsigned) BY cHAs. A. JOHNSON.
cHas. H. RUSSELL. sec'y.
Attest-Chas. A. Johnson. Chas. n.
Jnee. Jas. a. Morrisse. Thos. j. Jor-
dan. Otto H. Lahsen. John s. Strang,
Frank Irving. Directors.
Copies of the agreement were at once
prepared and filed with Mayor Hoos and
Comptroller Hough. The company oper-
ates in double tracks five miles. so that
considering the five per cent. of
gros receipts clause the company should
have paid $500 a year for the privilege x
ended it. The company is five years in
arrears so that its Indebtedness for mile
age alone aggregates $500. The company
never made an accounting of any
kind. nor has it ever rendered any re
port of the business done over the Hines
operated in this city. IS a result no one
the slightest idea how much is due
The city from the five per cent. gross re-
,eipts clause.
Mayor Hoos and Comptroller Hough
held a consultation this morning. and II
was agreed that the proceedings should be
instituted against the company at once
A copy of the agreement is to be SEN to
Corporation Counsel McDermott with a
etter from Mayor Hoos requesting that
here be as little delay as possible in
the company to time. Mayor
Ioos favors revolving the company's fran
ehise. but Comptroller Hough and the
other officials believe 1t viii be more adj
outrageous to the city to recover what
S due for the last FIVE years, and then
the company to live up to the let
ier of it's agreement in future.
Two OF the Directors Of the company
Ire well known in this city. Robert Jor-
is the ex-Postmaster, and Thomas
Jordan is now Comptroller of the Equit-
able Life Insurance Society. He was at
time a Finance Commissioner of this
sity.
Corporation Counsel McDermott is of
he opinion that the company will settle
IS account rather than have the case ven
Hated in the courts.
TENEMENT HOUSE QUARREL.