New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1906-01-27

ter locked up in safe deposit boxes When the
Westchester people come before the Board Of Es-
innate and admit that they have TO have the Port
Chester property TO go with their road II looks
to me like their last dying wall"
Mr.. Gottshau said that he had been quietly letting
the most important contracts for the construction
Of the road.
These contracts stipuIate" he said. that the
contractors shall have their plants on the ground
within fifteen days after the Mayor signs the fran
chise, and that they shall begin active work within
thirty days We estimate that the construction Of
the road will take about two and a half years"
Regarding the report that August Belmont d Co.
had controlling interest in the New-York, West
chester and Boston Railway Company. It was
learned yesterday that although they do not own a
controlling interest they hold large block Of the
stock and the friends of the firm heavily in
terested in the enterprise.
The franchise of the company provides that its
rights and privileges cannot be assigned sub
let without consent OF the Board OF Estimate
and Apportionment The connection with the Inter
borough is said 10 be merely traffic agreement for
the interchange of passengers.
1t was said in Wall Street that the Port Chester
company never owned any real estate in its own
name, but had bought in the name Of the New
York Railroad and Development Company. In
My 1915 the subscribers the stock Of the latter
company were called upon for A.O0NOOJ for the
purpose of buying property. According TO its char
tcr, the Westchester company cannot buy another
company, but it is said that the New-York Rail
road and Development Company was sold to inter
ests friendly to the Westminster, who had agreed
that the Port Chester line would not be built
Mr. Robinson, of Dick az Robinson the financial
agents OF the Westminster company. said yester-
day:
The Westchester company is not a part Of tbe
city traction merger The only relation it has y-itb
the Interborough consists in traffic agreement for
the Interchange OF passengers.
George S. Graham, counsel for the Westchester
said:
chester las not bought the New York Railroad ana
Development Company, but that interests frisndiT.
TO II made tho purchase and they will see 10 II
mat there is competition with the WesrrreStstc-
the lnterDorouGh company.
on Thursday night Nj GottshalI said that TIsr-
yey Fisk & Sons and Edwin Gould wer, stfu bac.
Of the Port Chester company. 1t was learned YES
Jerday that these interests had sent a letter to
the Board Of Estimate saying that they had soil
their stock in the New-YOrk Railroad and DAveI-
opment Company and were longer Interested
in the construction OF a railroad in Westminster
County.
The certificates Of the New-York. Westchester
slI2 o''0 D'ous III
Andrew Freedman. who is a power in the Inter
borough interests, is n director in the Westcbese -
company.
August Belmont. I'm relation TO Judge ITerricl-,s
statement before the Board OF Estir7sro sT5 A
portionment yesterday, said: ny
Judge Herrick's argument before the hoard va.
made out OF whole cloth No one connected
with the marlborough Metropolitan or any ~ &c
component corporations has any interest IN ~
Westminster Railroad COMPANY Mr. C;ottstssr
some years ago, for his own reasons. stated that
was compelled To make public denial al thaf tt-,
and desire 10 repeat il again ''