New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1900-03-23
covFrRRING WITH GRANT.
-ps oF THE NEW THIRD AVENUE
DIRECTORATE AT HIS oFFIcE-AN
1ssrE OF BONDS LIKELY.

u 1-reeIand. Thomas z Ryan and
f4--s.- n other Third Avenue directors held
Is with Hugh J. Grant. receiver OF the
con- .er,e company. At the Office of the latter
Ihi'1 ofternoon between and o'clock. An
yes - z-ssv was $50 present After the others
iDoH. s M Vreeland remained with Mr.. Grant
L.le an hour. II was said afterward that the
70 ,15,an -eople called on the receiver in order
-. sc much information as possible about the
70 - IN his hands. and also 10 satisfy them
ID -A RAJ al possible economies in managing the
ssl'e -, being used by Mr.. Grant. The
sss2 rs characterized by good feeling all
80 9, was said When NJ. Grant was asked as
S'-,s rad taken place he said that there had
e = informal talk and that nothing Of public
's,srest had been done
iD.- IL y-sen NJ v-eeland seen he refused 10
=. .s5 been discussed. In reference to TAX
81 =. zel,ts 81 the Third Avenue company, Mr..
-ab - sid IL was probable that the new
- NJ he Third Avenue would authorize an
- - bonds for the payment OF the noaung ana
ss s.nr n -he company the bonds TO be Sc
- :. first mortgage on the property. 1t was
-. ~ thought. that the present first mortgage
- ed tbe second mortgage income bonds
- - redeemed with the new issue and the
- cancelled. Mr. Frealand added that
- ,rss 10 doubt that the company WoNlo De
me- lac The new mortgage advantageously.
= ,.--hf however thar II would not he practi-
-, - ro-12e-e the reorganization or the Ihird
- .,r,panv-s finances until the standing mas
- 5f3s-en had hled with the Court his re-
20 :, ne validity Of all the claims presented
.-ss-zr the company.
,sSrSsMENT THOUGHT UNLIKELY
- -,e- mus outlined by NJ. Nreeiand is IN
- -oz-sver. 90 BE- Ettle more than a susges-
Il arc, -er leading Metropolitan director said
- afternoon that the question OF caring
-. --f-5 Avenues Gebt had not Yet been taken
49, r,o rev controlling interest in the latter
- TIE general opinion in the Streets tnaI
=. ,seess-7e-t wi be levied on the STOCK
-.a-a ta- been 10 meeting IN the last IeW Gays
= -. Stockholders Advisory committee, for me
q as one member said. that none mas DeeL
lr11s-..-- ms committeeman expressed Alill7e-l
- ----rE g-arired Al the personnel OF me NV Ht"
z-.,-5 s-..la directory. be saw n Il every lhulca
- -5e- IA, rights OF the minority holders No ,
!, -sfsr-,a-6ea he also expressed the opinion 5!ldt
: - --4r TOO early talk about any rel uI!l,4Its
- @a- me reason that no oennlte liaA co1lu De
f---s-raF until The fun extent Of me company
-ri,gs-tors became known. The new interests ne
- vrer= sufficiently powerful 10 noAL q loan VI
- --7rrnr a the lowest possible rate
,-rr-- II Agasteu. who Fas been appointed slAilu-
So raster in chanCerv in The acton brought py
- O5 Colony Trust Company, OF Boston. against
--e Third Avenue road, viii give hearing on
March % for The purpose OF learning WhelheF ot
- a0si-e-s certificates should be Issued II seems
-fsa- -rat an issue OF such certificates viii soon
- asked for and authorized. the proceeds TO be
devoted 10 he prosecution Of the work OF eectrl-
-srr- e1,lipping the Forry-second-st. line