New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1899-01-14
NEW OFFICERS ELECTED.
JOHN e. BORNE NOW PRESIDENT OF THm
NASSAU TROLLEY COMPANY.
NO PLANS FOR CHANGES IN OPERATION HAVE
BEEN FORMULATED ~ THE BROOKLYN
STREET RAILROAD DEAI>-P. H.
FLYNN on THE NEW
BOARD


The meeting at which the Johnsons turned over
the Nassau Electric Railroad system. OF Brook
Ign. to the control Of the Flower Brady syndicate
did not adjourn until late hour Thursday
night. Before its close the Board OF Directors
was remodelled and OF officers elected
to complete the control OF the company by ts
new owners.
The men who Withdrew from The old Board OF
Directors a. l. johnson. Tom l. Johnson.
James Edwards. Frank Drake and Major Evans.
The present Board Of Directors Is Johr z. Borne.
Hugh j. Grant. c. D. Meneely. W F. Ham. p. n.
Flynn. silas 3. butcher Frederick C. Cocheu and
W Bailey. an officer Of the Colonial Trust
Company. of which Mr.. Borne Is president.
Albert L. Johnson resigned president. ana II
succeeded BY Mr.. Borne Tom l.. Johnson Is sue
ceeded by Hugh j. Grant 7tce-presdent Tom
l. Johnson also treasurer and he made way
in this office for c. y. Meneely. auditor OF this
Brooklyn Rapid Transit Company W. r Ham
handed In his resignation az secretary of the
Nassau. but reelected. and consented tn
The tact that Mr. Flynn and his friend Mr..
Cocheu ware allowed 70 remain on the Board in
dicates that an attitude OF Cancellation has been
adopted toward the warlike Flyun.
For several weeks. at least Il is understood that
the Nassau company will be operated as Of old ;
The Transit people say that plan for consolida-,
ton has YET been completed or adopted n Flynn
and his friends be persuaded 70 sell their,
stock To Join in the reorganization the prob
lem of uniting the roads will be much simphed. so
n Is probable that a week will be spent In nes
gotiating with the ey-president OF the Nassau
Thus far Flynn has demanded high cash
price for his stock that the other people have
simply refused consider IT.
Ex-Governor Flower quoted Yesterday
saving
~ found that Mr FLYNN will go into
the scheme or cannot he induced % sell out at
what the Transit people regard fair price. ef-
A.
ton NJ the Two systems. Just non this ~
done In view 81 the large holdings Of Mr. Flynn
and his friends remains 70 be determined but
with the control OF the Nassau management In
their hands and with than two-thirds Of the
stock in their possession. the Transit people have
It in their power TO bring about practical con-
solidation through a traffic arrangement and may
try TO obtain their object by a. lease"
Mr. Flynn said Yesterday that no offer had been
made for his stock that he would consider for
minute. He did tC say whether he would
oppose consolidation. but he would certainly pro-
feet bis interests in court If he considered them
attacked
One plan proposed is that the Nassau be MAIDS
the operating npany anu that the Rapid Transit
Company and lis leased roads be merged into the
Nassau This is considered an easy manner of
getting around the Flynn difficulty In that
the stock OF the Nassau would be increased. and
Rapid Transit stock exchanged for II a..
A meeting of the Brooklyn Rapid Transit d.
dent Rosster said that nothing except routirs
business was transacted a meeting Of the new
Nassau directorate held earlier IN the at
ternoon In Manhattan
In getting control OF the Nassau the Rapid
Transit people edded to their already huge sys-
tenn l22 miles of trolley lines. The Rapid Transit
mileage is 30 and will be nearly 400 when the con-
solidation is completed The capital stock Of tho
Nassau is 100000. and that OF the Rapid Transit
$40 10000.
The trolley-ridng public of Brooklyn is won
combining. These two systems parallel
other in every part Of the borough and people
living certain lines conJecturing TO
whether the particular line they live will run
more or fewer cars or no cars at all
For instance. the NassauS West End line was
OF employees and the sidedoor that
large percentage of riders abandoned It, and went
TO the Thirteehth-ave line of the Heights. Tho
result was that,the stdedoor-cars were withdrawn
and an effort was maze get back the patron
age. II the monopoly comes into existence; can
approval Will have such weight II Is hardly
probable that any line Will be entirely abandoned.
becaus. that might be followed by "A loss OF fran
chise but there will be pleasant surprise among
trolley riders IL the consolidation does not result
in an economical management that will mean
such as the Ffth-ave. line and tho Third-ave line,
the Bergen and Fulton-St. lines the Marcy and
Nostrand-ave lines. and the Park and Flushing,
There was great activity in Brooklyn Rapid
Transit on the Stock Exchange Yesterday. The
the price sii2 net gain OF . per cent for
he day