New-York tribune., 1903-02-27
BLAMES TROLLEY TRUST.
NEW4RK CITIZEN VIEW
II Controls Board of Works, He
Says-HGs It's Oscn Way.

political and financial circles was the reason
given yesterday by a prominent business man
Of Newark for The miserable streetcar service
Of that city. The railroad company. secure as
- its franchises. had ridden roughshod over
the protests Of the citizens he said, certain that
II would never ne called 10 account by the city
officials. Public indignation. times without
number. had stirred up such agitation that the
traction company had promised to better condi-
tions. bat. after agreeing to make reforms
had gone on in The same old way.
Sweeping charges were made regarding those
who should attend to the city's interests. Party
politics did not enter into the question; the
traction company The Tribune's informant
said was always on the winning side" In this
connection. il is interesting to note that Ed
ward F. c. Young, of Jersey City, president Of
the North Jersey Street Railway Company.
which operates all the streetcar lines of Newark
and its vicinity. is Democrat. while David
Young vice-president and general manager is
an ardent Republican. Prominent politicians
ard political workers stockholders in the
company as are city and county officials.
Corporate greed. overca pitalization and con-
sequeut watering of stock were also partly re-
sponsible for the evils the speaker asserted In
cne deal a combination of two lines. S15y0000O0
of stock was 1oated S6Oo0O00 Of which was
said TO have gone TO a bank in this city heavily
interested in New-Jersey streetcar securities;
81 100000 to a politician who is conspicuous in
The management of the Democratic party in
NeN-Jersey and the rest, in million dollar It'd
1its TO other politician-fnanciers- The COM
rany to-day. he said, was unable TO pay interest
on its common stock. This was corroborated
Nv an official Of tbs Board Of Trade.
The North Jersey Street Railway Company
IS q combination Of various subsidiary COM
NAMES It was chartered in June. 1894; its
capital stock is SIS 100000. paid in. according
70 its financial statement of December 81. 1901,
which also says that there is outstanding So
seaooo of 1 per cent ffty-year $1,000 bonds In
January, 1895. it absorbed the Newark and
South orange Railroad Company. the only re
manning independent road operating in Newark
II May. 1895 the North Jersey Street Railway
leased for 939 years the Consolidated Traction
COMPANY Of New-Jersey, which, in turn, con-
troed through leases or ownership of stock the
Jersey City and Bergen Railroad, the Newark
Passenger Railway, the Newark Plank Road
Company. the Rapid Transit Street Railway
Of Newark, the Passaic and Newark Electric
Traction Company, the New-Jersey Traction
Company and the Jersey City. Harrison and
Kearny Railway. The Rapid Transit Street
Railway is the company in which Prosecutor
Riker is heavily interested Another of its Off
GERS is Wilbur s Mott a former police justice
Of Newark.
Through holdings of stock by their officers,
the Prudential Insurance Company and its
financial institution the Fidelity Trust Conn
,,an,.- are interested in the traction company
The Pennsylvania Railroad interests are also
represented in the board of directors. which in
cludes A J Cassatt. P. A. B. Widener. Thomas
Dolan and ". L. Elkins: Z. T. c. Young, ].
Roosevelt Stanley, Z. l. Young. George T. Per
kins and Joseph D. Bedle; John D. Crimmins,
Of this city: Senator John F. Dryden, president.
and Leslie D. Ward, first vice president of the
Prudential: John F. kehoe, E. B. Gaddis and
David Young.
For many years Newark a fast growing city,
has suffered from entirely inadequate streetcar
facilities. Protest after protest, called from in
dgnant patrons, has had small effect in OBJ
tanning better service. City government has
succeeded city government, each looking with
apathetic eye on the horrible congestion of
streetcar traffic calmly disregarding the viola
lions Of the charters Of the various subsidiary
companies and turning unheeding ear to the
demands -f citizens and business organizations
for better service The company has moved
sereneIy on coming money from its business,
which coinage however. has been hardly more
than copper currency toward paying dividends
on its stocks and bonds
When. however. the carelessness and nlsinah-
agement of the company contributed toward the
dreadful accident of last Thursday, the puphc
demanded an accounting. Then 1t was SHOWN
that the official whose duty it was to present 'he
case against the North Jersey Street Railway
Company 10 the grand jury, Chandler w fIlhei'
The county prosecutor, was one OF the COM
psny's largest stockholders and president OF one
of its subsidiary companies. Mayor Henry NJ
Dorerus although he has been active IN Efforts
for better facilities, is also q stockholder-
In exnlaining how the North Jersey Street
T2aiIv-7v Company was able TO Withstand public
demand for the betterment Of transit facll1ues,
The Tribune's informant laid it at the door OF
,be Poard of Street and Water Commissioners
commonly ca lied the Board of Works. Ii was
80. necessary to go into ward politics. ne salo'
10 control this body. He illustrated the methoo'
quoting an imaginary stockholder IalhlHs "
friends: - .,,.,,
wen bovs. Smith d be a pretty good man
- 1,o.-5 ~ Works. wouldn't he?' Discus
10, 90 Smiths merits ensuing, the worker LOT
The -,sc.ior, company would manage TO arrange
20, Smiths nomination and election. Ihs' III
,iey of the statement made by an ofhclaloi the
Board Of Trade that a great part OF 'iie coil
mon stock of the traction company was Eelu III
.-a1l blocks I,v the business interests or New
ark who we're. therefore, inclined TO be easy OH
the con1pany, seems entirely probable.
-, 1Sq1 said the business man, there WAS
= lav. r,aseed creating the Board of Works ana
giving The Nayor power TO appoint the members
~. s,,d ,,;tb the consent of the Governor Ihe
bosrs'e mower MAS before that vested In the
rommon Council Leon Albeit was then Gov
ernor and Joseph F. Haynes Mayor lie aP-
pointed q board Of five Democrats VINO gave
privileges right and left 10 the trolley ooiiIa''
The company paws only , per cent OF lis gross
receipts for its franchises in Newark in 1854
Lehauecher becafe Mayor Under nm ire
board WAS three Republicans. two Democrats
but the trolley company maintained its asceh-
asFa4ff fer Of