New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1898-01-15
THIRD AVENUE IN LUCK
,oxrRo1, OF THE HUCKLEBERRY ROADS
OBTAINED.
s-rn,xcIY VALUABLE FIELD IN THE
pRoNX-THE COMPANY'S SOFT
SNAP CHARTER.

.,rrrrrNGI.Y VALUABLE FIELD IN The
pRoNx-THE CoMPANYs soft
SNAP CHARTER.
..o,cenents have practically been COM
,"..a whereby the control of the Union Rail
p Comnanv commonly called the "Huckle-
S.r,v Road" is to pass to the Third Avenue
r.ood company The Huckleberry system
t.,s ~ q great network Of trolley lines. prin-
I'll, N the Borough OF The Bronx. Edward
i',.n-bach. counsel for the Third Avenue Com
~ said Yesterday: THE negotiations TOT 'he
..,,sition Of the Huckleberry system nave SUD
..;ollv been accomplished. The Huckieperry
-. axtend through thrty-sx miles or streets
- The company has the right to build IN hity-
a-.,- Miles more rhe Third Avenue Company
= o, ortion on more than majority OF 'he
20 noo n0O Of the Huckleberry or Union falI"ay
s-,.,s stock, II may be ten or twelve days
,-a the matter is closed up. In additoh u
-. s,ock the Union Company has n bonded III
.sh.edness OF s. 100000. and It's allied hhes
~hoss stocks It holds. have An additional ponueu
,.aob,edness Of $4,000. Tho Huckleperry sNs-
.,,a no Of great value to any street railroad
many IN New-York but IT is or paruC"'"'
,''. 80 the Third Avenue Company. for the
rtir8 Avenue Company's main line lor"s
a,rrel connection with the Huckleberry system
~,n.h.st inst bclox the new Third-ave. oridse'
at,a.;dos this natural junction on the east
-, - >o,--Yorl there can be Junction on 'ne
-. st,o with the Third Avenue Compah!
s.o,octed Klnesbridge route. Passengers VIII
=. oh,a 70 co from the Battery to NeW-Noo''o"s
- IN the completion OF the kingsDrlose io"u'
tror, the Battery TO Yonkers.
.1 cannot srcsk definitely as to the transfer
.,.s,eno that will be adopted, hut persoha"! l am
o. FAVOR Of one fare from the Battery 10 Ne"
Rochelle ~ Nonkers -
.,o 11uclleberry Is equipped with the over
.ood trolley and the Third-ave. lines are oper-
.,oa bv cable. cars cannot be run through o"'
rossaneers will have to change at Jui'ctioii
no,nts II is the intention 10 adopt the u"uei
sro,,nd trolley on the Third-ave lines ana II
wu nrohably supDlant the overhead Uo"eS ."
the Huckleberry system in time. ,ooo
The Union Company was organized III i0'-'
.,a now onerates lines from One-hundred-and-
,wentv-ninth-st. Madison-ave. and Ohe-hu"-
srad.o,d- d-thirtv-eighth-st to Port Morris; from
o. no-b,p5red-and-twenty via One-hun-
80 .sa-d-,birt,-third-st Willis and Melrose
aras n One-hundred- -and-siXty- y-iirst-st' ana
o. r,,,dred-and -sixty-hrst-st and SedgWlck-
80 +o INshbridge: Westchester-aVe' Iom
1h,-d.avc 70 the Southern Boulevard ana
a. Ona-hundred- -and-sixty- -frst-st from Ihlro
a,. - Nelrose-ave The Westchester Elec'nc
railroad extends the system to Mount NeiN0"
and Rochelle, owning all the INES III 'io9e
nlaces. The company in the fiscal year enoeu
rnre 30 last earned a surplus over cH"I eoS'
,axes etc. Of SS6 391. The Unions suOslul"'S
cor,nsnies are the Southern Boulevard west
chester Electric Mount Vernon ana East OHes-
tsr and New-Rochelle Railway ana TRANSIT
ConopaDy. Some OF the principal stocKholueIS 4"
tbe Union Railway Company are salu u Oo
Richard Croker Senator Murphy. eA-N"!''
Grant Ex-Governor Roswell L. FIo"eF anu All
thony y. Brady. o, &C.
Ths charter of the Union Railway Company IS
particu!arly valuable one. II was ,Sdt;
charter" granted by the Legislature Oh 81 90,
end nermitted a consolidation with all the roaus
formed or TO be formed north OF lhe I1dilciI. @
River The franchise exempted the company
from several important provisions oorl6 % oh7ajn
eral railroad law. The company coulu OD't',I, }t
franchises without published notlce anu Ml'ii"u' @
having them pu. up at auction, anu any l IN
sents obtained did not as is the usudi V"se'
exn,ra arter two years The company was not
hound as were other roads III cities or -'VVOO
Inhabitants, to pay 3 per cent OF tne $50 $50
receipfs to the city treasury for nVe ycai ,
and thereafter per cent IL was oAe.iP1 1
from the requirement 10 pave the stieGtS pe
tween its tracks. and could not be cohuVllcu ~! -!
the local authorities IS TO the reiHo' q. VI ,;H
srd snov, and as TO the rate Of speed az Whlcii
!. ran lis cars. II was only required TO repair
the street between It's tracks aiter 'iie same
ha
Tho real trick in the charter was u PIoN, -
tha; the company should annually ally maze renein,
statement to the Controller or us gross I5Cvip ~
o. ~ ,-oar and Of IT'S daily earnings during
that reriod Wherever the earnings during Il
period Of six months should exceed an az aNeldse rag,
~ 81 700 a day then and thereafter the com
panv should pay annually TO the city per I cent
Of lis gross earnings and per cent additional
"for each multiple OF Sl.1OO per day OF suSn
average gross earnings The payenitd cd flr fn
Of receipts herein proyaed % a Icr
rhe act continued shall be IN lieu or an oelgr %
narcantacas which any Of the other ROADS con-
soldatine and forming the said Union Railway
COMPANY may heretofore be liable to pay on
its receipts" ,ouou
The Union Company has never paid doIaf
on account Of earnings 70 the city. NO oloIt, III III
fact appears to have been made 10 coIec' iron. IIoIl
tho cononarv The q oss earnings OF the com
pany were in 1891. Sj41 500; in 1896 S4s9o"o' IN
Isq5 Si33 lGl ..,o,,
On the %ew-York stock EXCHANGE yesterday
the stock or the Third Avenue Railroad com
ranv advanced 20 1sGi5. hut reccded az the close
,o 1so or per cent above the final price on
THURSDAY