The sun. [volume] (New York [N.Y.]) 1833-1916, 1898-09-19
THE NASSAU STOCK SALE.
DID BxgKER WILSON PRoArIsE A TWO
Thirds OONTROLP

little Doubt Among Railroad en That the
brooklyn Rapid Transit Company VIII
Eventually Absorb the Nassau COMPANY,
but There II an InteSeSting Fight Ahead.
Everything points to an interesting financial
and legal fight before the officials Of the Brook
Ign Rapid Transit Company succeed In bring
ing about q consolidation with the Nassau
Company or In securing q long lease Of the lat
tors llnes, which is what, It is said. they are
now e~ndeavoring to do. That the consollda-
ton will ultimately come and that the Rapid
Transit Company will succeed In getting this
much-desired lease as q preliminary step. Is
not doubted by railroad men. Events have
been tending that way for a long time. and IL IL
only natural that they should. for great advan-
tages might be derived from the operation Of
these two great trolley lines by one corpora
ton. That the ono or two smaller companies
in Brooklyn will fall into line In time IL TO be
expected. but just at present the Rapid Transit
people are concerning themselves only with
their very formidable rival. the Nassau Com
pany.
1t was reported on Saturday that the Rapid
Transit Company had succeeded In purchasing
from Banker Il. 7. Wilson, the financial backer
Of the Nassau system, oil Of his holdings in the
corporation and those OF the syndicate which
he represents. It Is conceded that Mr.. Wilson
and his friends held a little more than half OF
the stock. It 10 believed that with tho sale Of
his stock there also goes O promise from Mr..
Wilson that he win secure from other stock
holders enough OF their stockto give to the Rapid
Transit people the control which they need to
secure o ratification Of a long lease Of the Mas
sau lines. The Rapid Transit people are said to
be confident that this lease could be secured II
they had q two-thirds vote behind them. How
they are to get this. is, q question:,
The other stockholders are Albert and Tom
IL. Johnson. President and Treasurer OF tho
Nassau system. and. p. II. Flynn. These three
men built up the Nassau system, and 1t is a
not. Rumor has Il that the Johnsons will sell
when they get their price. 1t has been said
holdings are purchased in their entirety.
MI, Flynn Is said TO be unalterably opposed
lease OF the, Nassau lines. or to, consolidation
under any circumstances. Mr.. Flynn is quoted
a. dss SAYING yaHrt that nn d h can g pr,S even ts q lsSS ISa 1NE 3 hun
The Johnsons and Flynn combined are gem
orally belieyedto control tw9; flfths Of the Mas
get two-tiirds for the Rapid Transit people is
not apparent unless he can buy out the john
The plan to combine all the Brooklyn rams
portation companies into one gigantic corpora
ton has been tal6ed Of for a long time, E1-
S SS%FGnGylon have awe ha been t H. fay TF, not Of o the
s EssSspo + lIRs5ii%s ssiIlt,s ssilS eF .bs s sSs q p sSsIss
~ Is Sala thsE Ine RrooHayn e2nppanres Wspe
tions for the absorption OF the Coney Island
and Brooklyn road are now under way.
1t has been said that the Rapid Transit folks
have even the absorption OF the elevated rail-
roads In mind. Negotiations we're started some
time ago. but abruptly broken of. However,
they are reported to be In such condition that
they can be taken up again at any time.
1t has been estimated that the combination
Of all OF the transportation facilities in Brook
Ign would result in a tremendous saying OF ex-
penses for those In control over what It nov
costs to operate the different systems. Where
of cars might do the business, and the jam on
the bridge could be lessened without seri-
ously affecting the convenience Of the public.
1t Is said that the saving in power would alone
amount to half a million OF more dollars 4
cars would then run down Washington street
and up Fulton street, which would relieve the
mix-up at the Brooklyn end of the bridge every
morning and evening which Is the result Of
the car tracks OF the two companies crossing
one another there.