The Jersey City news. (Jersey City [N.J.]) 1889-1906, 1899-11-01
BIG TROLLEY De AL
Jersey City, Taoboken, and
Paterson Companies
Amalgamated.
DAVID YOUNG MANAGER
Director 5 and Officers of the
Sys tenn Elected This
Afternoon

f 49,
Fin al ARRANGEMENTS for the big stat
troll .ey amalgamation were perfected II
Ho BOXER this afternoon, when the stocA.
h Gders of the. Jersey City, HoboKeh ane
] aterss3n Street Railway Company met II
the ofhce of the North Hudson County
{Railv ay and elected the following Doare
of directors
David Young, President Of the Norea
| Hudson County Railway Company ano
! general manager of the North Jersey
Street Railway Company.
William G. Snanley, OF NeWarn. Of
BIid W. spencer. of Pasgaic, formerly
one of the directors OF the raefs0'
PETE Pete: Hauck, Jr., Newark, the well
Ai EdMard L. Young, Jersey city, son of
Philip Hexa1ner, Hoboken. treasurer Of
the Trust Company of New jersey. ioa
James K. Corbiere, Caldwell, y. J., wee
president of the banking house OF Morsoh'
4 N. Barrett, Bloomfield,
Jchn w. Olnberson, Newark. cashler
First National s Bana; 5ers Rsh way; junior
partner of TIL firm of Sanford q Still
George R. waite, Jersey City, freight
agent, Penn. Railroad Co.
Warren S. iali, Hoboken, general su-
perintendent North Hudson County Rail
VIM Immediately after the stockholders,
meeting the d. irectors met and formally
organized by 6 lecting the following ON
President-Da vid Young.
Vice Prestde1 t-John E Shanley.
Secretary-WI liam 2. Doubleday
Treasurer-Ge orge w. Rowe. 80
The companies included in the deal, ana
which are all n< Nv merged into the Jersey
civ. Hoboken tand Paterson Street Rall-
way Company, include ade the R olGwang Co.
Saddle River Traction Co.
Palisades Raj lroad Co.
White Line 7 raetion Co.. na
Paterson. P assaic and Rutherford
Jersey City. Hoboken and Rutherford
Electric Rail wa Co..
Paterson Hlors e Railroad co. North
Hudson County Railway Co. and the
Paterson R;ailw. " Co. in the new com.
pany, which wi Il be fully d~iscussed "a al
than probable that it will be DECIDED 70
merge the TWO companies mentioned,
although 1t is possible that the directors
will decide to run them separately, ~
the same smanne r that the North Jersey
Compan condus It's the affairs OF the
Consolidated Ira elton Company.
+ the r two .vn, cor con 5 apanle9 fh aye viii III be eae oper.
ated as part of the new comprenenslvs
system, and Will be under PresIdenl
David Young's control, just as will DC
the case with the other seven com ON
panies They Will still retain their OWE
chief Officers anil boards of directors,
just as is the case with the Son 1Sis se
ton company is I'art Of the North Jer.
sey Street Railway system, 1t retains us
The failure to merge the tive CON- m.
panies mentioned is attributed 10 tne
fact that it cannot be conveniently ac-
compltshed at the present time owlng
to the absence in distant places OF SONS
of the stockholders and a ~consequen.
inability to secure 1.-THE iormai cohseA'
The Jersey City, H doDSasnv a miIl ph have
a capital st ock of $2l, 00O, 0OO. - 400 ooo :.
It will also be bonded for S2O,Voo,Oo0 az
four per cert.
President David Young, VII be the ad man,
ager of the system in addition 70 looAlns
after the barge in terests of the Nortf
Jersey Street Railway Company, OF VwTha.
he is vice president. Mr. Youngs ornGes
will continue to be in Jersey CITY ana no.
boken, and he will also visit ralers9r
frequently, slnd make tours to all the maif
points of tie system