New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1904-02-15
PORT CHESTER'S BACKERS.
PITTSBURG STEEL MEN.
Charles ID. Barney s Co. Bankers for
the EufcrDriSe.

With The announcement which The Tribune is
able TO make that Charles D. Barney & Co.
bankers of 40. - Broad-st. represent the hnan-
cial interests behind the New-York and Port
Chester Railway Company. ;ne principal argu-
ment OF the opponents 81 the Port Chester ROAD
IS uuuifed. The lawyers for the Westcheeter
and Boston road and that concerns bankers
have said that the Port Chester company had
never shown any assets or that Il possessed any
responsible financial backing.
The Tribune has acquired information that
Barney q CO. is the banking firm FOR the inter
csts behind the Port Chester road This J.
Horace Harding OF the firm. admitted yester-
day He would neither affirm nor deny other
information which The Tribune submitted 20
him He declined 20 give details. as IL was
part or the firms policy not to disclose the
names OF those interested in The Port chester
road.
The thing the public most wants TO know.
. he said lis that the money 20 build The ROAD
/ viii be forthcoming and that the road VIII oe
built"
That interests allied with those in The Lacka-
/ wanna Steel Company and the great steel manu-
/ featuring concerns in Pittsburg-the Phipps and
/ Frick coteries-are behind the Port Chester en-
ts-rries was the trend 81 the Information Oh
/ tained by The Tribune. j was said by The
/ T-fbunc.s informant that this fact had been
4 denial would probably be made-at this time
/ that these PIt.slurg interests were connected
! with aI-. GotshalIs road.
Charles H. Barney & Co IS made UP of Mr
| Barnev who is p Pennsylvania man. J. Horace
Harding. formerly of Philadelphia. Jay Cooke,
ID and Charles =. Phillips This firm has rep
resented iu many financial transactions large
Pittsburr steel interests. we'll allied in
terests Of this ciry. when asked whether the
( Of hrhfn1
: tho Port chester Railroad Nr. Harding would
. ua- talk
William T. Buu president or the Sew-Tork
WeStcheeter and Boston Railway. said yestor-
day that bis lawyers had rot been considering
D tho possibility that tho company might be COM
PEELED 90 go back 10 tho route laid out On 1872
$ os result ~ court decisions affecting The Va
; idity or Tho comuauy's charter. such a Tossi-
hlitv was new 20 him. no. daelaral
That tre Port Chester need ro' fear alv cp-
position the We=tchcsto~ road may make e The
opinion ~ WALL Street interests. % has become
- known that August Belmont has allied himself
Z vi'h Tho por- Chester. and August Belmont is
ID The owner # an that was ever tangible Of The
d Weetchester company. From the beginning Mr..
s Belmont and John B. Mcdonald were friendly
% toward the Port Chester
e ln 1851 Tho Wosfchestor company. as % then
p existed was 1n "a bad rav There was a 70
'--.f-l .. t-..N .'.I mo f'TIFT IH.H ana
& fIau0h.=oz or iho concern were sold 90 William
p =. Van P~Ir T. organized the East River and
l. Coure.ticvt Railroad. ufth .Ge general scope of
- tse old company. lut he plans did not material
l-e. August Belmont took q fancy tD these
. ghts for what they might aa worth aomo day.
and bought them For $500
Ten days ago AR Belmont. at a meeting 81
The Rapid Transit subway Construction Com
parr. told of bis purchase and asked leave "a
tU~l t over 90 the company. receiving REIN.
hur-oUent FOR g.. i was decided then. 81 is az.
serted. that che company. with this asset should
aI-E Itself with -ra Port Chester and IL auy
. help were needed hv that concern the subway
company shruH come forward and aid q with
-Ho rights a-5 franchise NJ the Westchestcl
eomp1uE
b The public hearing on Tho franchise resolution
OF the New York. Wesfrhester and Boston Rail
way ufIl come rp Wednesday. There win b'
delegations from an sections OF The Bronx and
from Westcnosfer County 10 express disap
, rru-al of the methods which have deprived those
growing districts - tho rapid transit they need
It fs fully expected that the protests from theS'
delegations and the testimony introduced WI
shas. the Mayor fully the character OF IN
uraccedlugs 1hich Iur tine resolution thfouBi
F iro Board II Aldermen that he VIII not hesltal
81 .eto i- T. is fully expected. too. ina. n
b. -.I1I caStiEete The men who have helped t
+ BRING such uotoriety into the very beginning o.
, Fie illustration.