New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1902-10-10
BIG PLANS FOR CAPE NAY.
CAPITALISTS OF NEW-YORK. PHILADEL
PHIA AND PITTSBURG To
DEVELOP IT.

Cane May y =. oct 2 tSpecian-Ca9tausts Of
Neu-York. Phila delphia and Pittsburg are taking
hold OF Cape May 20 develop Il a. Ia has never
been developed before They have already *
pended $4,000 IN purchasing lands and taklns op-
tions upon u. in far the public records 20.
and how much more they have expended is yet
20 BE learned from private inquiry. Anthony N
Zane OF Phsde phis. and Captain Frank G. I'd
wards 6 member OF the House OF Representative
of Pennsylvania. from Bucks County. are the rep
resentauves Of the company. which Is supposed 20
include George Gould. CT New-york. and Henry c.
Prick. OF PittsbUrg. They have purchased the East
/ Cape May Beach tract extending from Madison
ave. the portion OF built I'D Cape May, %
sewells Point. at Cold Spring Inlet. which section
covers an eXpanse Of Two miles % ocean front
along which runs only the trolley line OF the Cape
May. Delaware BAY ard Sewells Point Railroad
now owned and operated by the Philadelphia and
/ Reading Railroad COMPANY For this stretch %
! low beach the promoters paid 5000
n addition 20 this they paid SIS 90 for all the
meadow land back OF Il. running from the ocean
e distance Of about mile and a half. and
they propose 10 pump the mud % this meadow 10
the beach front. leave artificial AXE In the
and skirt the beach ard lake with q drive which
viii be four miles On length. which. together with
Ca pc May beach front boulevard. will give an ocean
OF waterway drive Of nine miles. on the East cape
May beach tract the new syndicate managers an
nounce that they viii expend 500 90. and they
already have let contracts for the dredging Of the
States Treasury. formerly Supervising Architect OF
the Treasury. preparing plans for a ten story
hotel TO cost N5OOa The citizens Of Cape MAY
have also voted 10 issue 10000 IN bonds In order
meet the syndieate's improvements with municipal
progress.
The syndicate has also taken option What Is
known Two-Mie Beach. separated from Cape
May b. the narrow Cold Spring Inlet The beach
Is about half a mile in width. and has ocean
frontage Of Two miles. its name indicates. on
its no. -. Is Turtle Gut Inlet, which separates
from Fiye-Mile Beach, on which the prosperous
resorts OF Anglesea. Wildwood and Holly Beach.
AT the instigstIon OF this syndicate Till has
been prepared be introduced into Congress its
coming session authorizing appropriation TO
deepen and otherwise improve and protect Cold
SuTlug Inlet. aud 20 build a breakwater on the
shore. Several COngressmeu OF NeW-Jersey and
Atnuay lgal.la VIII uTse the matter
Il has been rumOreu tor some time that the big
stockton Hotel named for Commodore stockton
been sold and Il s now learned that the sale Is only
by option. and the same Synuicate has the opuou
built in lag by the Pennsy Railroad Company
Z a cost Of s6D0.01. u Is NOV Owned Dy John r..
BetZ. the Philadelphia brewer who has owned IL
for several years. IL L. the centre OF all social
lie during the seasons here ard has been
the stopping place OF Statesmen and prominent per
soragcs 81 an parts Of the country.
The syndicate not only n setuns options on prop
critics, but Is also casting eye toward Nafe Mays
valuable franchises They want 10 buy the local
water plant and the sewerage tranchise both Of
which owned by the municipality They will
get these without struggle from the people
who reside here. as they have been source 81
revenue, snd have greatly essened ne laNes OF the
town authorities and n the city sold them al that
price II could wipe out its bonded debt. and have
without having cent Of taxes raised by public
assessment