The sun. [volume] (New York [N.Y.]) 1833-1916, 1898-01-28

whst cap ne Learned OF the Syndicate Hack
OF tho nit IN CsnEreps.

oT tno htN " SeugteNe.
Abill onfranchising the National Hudson River
Bridge Company was introduced in Congress hy
Mr.. Prince of Illinois on last Saturday. and was
r~e.orred to the Committee on Interstate and
Foreign Commerce. The bill goes at the old
question in a new way. There is a provision to
regulate commerce and establish a military and
post road. as well ms the Incorporation OF the
company and its authorization to construct and
maintain n bridge between the States Of New
York and New Jersey Mt New York city.
Only three names appear in tho bill, Frank
II. Lord, who is in the insurance business at
100 Broadway; Ralph T. Rokeby. with the
Litho-Carbon Rubber Company. l Broadway,
and Gustavo c. Henry, treasurer of II. Dunlap
& Co. OF $50 Fifth avenue. The two last named
wcro formerly associated with the New York
and New Jersey Bridge Company of New Jersey,
which was Incorporated In 1891, to act in con.
junction with q company OF the same name that
had been incorporated in New York in 1890. At
the election Of directors OF the New Jersey CON.
plctely replaced by men with quite different
ideas about what the policy OF the company
should be, and a radical change In methods .ol.
lowed. Mossrs., Clarke and Culver OF so broad.
way ceased to DO the counsel of the company.
4 number of men who had been prominent in
the. company before these changes were made
are understood to be interested in a syndicate
of about twelve men that is back of the bill in.
troduced into Congress. T. FLOYD Clark, who
drafted the bill. is counsel for the syndicate,
but refuses to talk about 1t or its objects.
As there is no general United States corpora.
tion law. the bill details in full the powers OF
tho corporation which 1t recognizes, as well as
certain directions for procedure In the actual
planning, erection, and maintenance Of the
bridge. Tho company. Ii Is provided, shall file
an acceptance OF the terms OF the bill with tho
Secretary Of War within one year from its pas.
sage. and shall submit, for his examination and
approval. drawings showing the general plan
and location OF the bridge. its approaches and
connections, within three years from the pas.
sage OF the bill. when and as soon as these
have been accepted. the company is to, submit
to the Secretary of War, with all due dill.
gencc.' detailed plans. The construction OF tho
bridge is to be begun within n year from tho
time the detailed plans are approved. and Is TO
be completed within ten. years. Tho franchise
becon es void. IL these time conditions are not
complied With.
There Is no reference to local authorities in
tho bill. as 1t is intended that any objections to
the plans shall he presented to the Secretary OF
War. The syndicate has an engineer at work
on plans already. It is proposed to use the best
features Of such plans as have already been
made for a North River bridge. 1t is under.
stood that there is o representation of bridge
builders in the syndicate. as well as simple
capitalists. 1t has not been decided whether or
not the company. IL formed, will place any Of its
securities on the market