The sun. [volume] (New York [N.Y.]) 1833-1916, 1898-01-01
STREET CAR WAR is OVER.
METROPOLITAN AND THIRD Avenue
FJLKS AGREkD At LIsT

Representatives of Iioth ssstrns Met Yestsr-
DAY and slEnrd Docum"nt- rrovidinu rsr
thn Diarontir"ancr or All Iiixniior AND
rsr = Listing rrnre uIetw rem the Compnnier.
Following meetings OF the directors Of the
Metropolitan Street Railway Company. of tho
Third Avenue Railroad Company. aud the vari-
Gus lines connected with these two systpm tho
Presidents OF these companies yesterday after
noon signed. scaled, and delivered agreements
which will result in n discontlnuancc OF all OK.
listing litigation and every other source OF diff.
entity between the two companies which has cx-
listed or can exist in the future, so far ms tho
officers OF tho companies can now forcscc. Tho
meeting OF the directors Of the Metropolitan
system was hold at tho Gable hull ling, while the
Third Avenue directors met at the Office Of
Hoadly, Lnutorbach g. johnson. counsel to tho
company, In the Farmers Loan md Trust COM
pany building. At these meetings the Presi-
dents Of the companies were formally author.
ize to sign tho agreements. This was done
later at tho Cable building. the Third Avenue
representatives adjourning to go there TO meet
the METROPOLITAN representatives.
There has been moro or less talk for months
regarding tho reaching OF an understanding by
the two companies, but the negotiations that re-
suited In the signing OF yesterdays agreements
hnvo only been conducted in tho last two
months. Under the contracts tho companies
agrce to go together before the Municipal As.
sembly and nsk for the ,KingshridEc fr ,n.hisc
On such terms as shall be approved by
the Board of Estimate md Apportionment.
The two COMPANIES together will Apply Tor The
Boulevnrd from 125th TO 10th street. Tho
145th street and the Third Avenue Company
alone win apply for the kinpshridge road; cN-
tKs i from dS2d ID, street ire, to Yonkers alcns
The Intention of both companies Is to install
the underground electrical system on all their
Unep. Inc mir | avenue EDnlnuny'g RDu1 In n rd
line Is perfected so that AN immediate change o;
motive, power to the underground trolley can
take place.. Tho same is true OF its Dry Dock
line. The, electrical system will be the same rs
that which hns Just been put In on the Fourth
avenue line. The Thru avenue company has
already built a large electrical power house at
with the KinCsbridgc extension In operation
Q passenger will DO able to ride for one 5.ccnt
fare from the Post Office or from the Cortlandt
YonKers in oiectricaiiy propcile d cars mrs. Metro.
politan passengers will br nblo to ride from
downtown points TO l69th street.
franchise Ia obtained, 1t is proposed that there
shall be but two tracks. While tho cars OF both
companies will run over these tracks there will
DO a duplex system OF electrical conduits, that
ie, the cars OF each company will have their own
William Page of the firm of Houdly. Lauter-
OF the agreements was to secure harmonious
occupation of tho same territory in such a way
and the normal development OF tho lines already
In tho territory. Under tho Greater New
York charter there is no competitive bidding.
franchises must DO such as will be
approved by The Board of Estimate and Appor-
Tho Amsterdam avenue route does
not figure in the agreements. because the Metro
politan Company is not the owner. but only tho
lessee Of the Ninth Avenue RAILROAD. and tho
pnny, refused to enter into an arrangement with
the Third Avenue Company.