New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1906-01-26
QUIT PORT CHESTER
BACKERS DROP OUT.
GotsbaH, Defiant, Says RiJal Tried
to Sell Him Ont.

An acute Developments I'm the fight which ". Q.
Gotshall and the New-York and Port Chester T,ai'
road has been making for two years -o rs
trolley lines into New-York city from points on
the New-York and Connecticut shore o. Lone ISL
and Sound came yesterday when several men W10
have been supposed % be among the c1Up7uy-s
heaviest hackers as the organizers Of the Sr-Zcrk
Railroad and Development Company announced
the withdrawal of their financial support. over a
statement issued with the authority OF OaEIeIgh
Thorne. Harry s. Black. o. c.. Barber. Robert A.
Van Wyck and others, they announced that iu the
future they would stand with tie New-10rk west
chester and Boston Railway Conpuuv. which nas
been the Port Chesters bitteres- rival
Final action viii come ~ before the Board OF
Estimate to-day. On December rs. 1855. the board
approved OF the franchise for the road ami accord
ing TO law. IL Is required that the franchise must
be published for thirty DAYS. This pubLca-ion
limit ended yesterday. AT to-day's session cf the
board It is expected there viii be a bitter hght
The New-Eork and Port Chester interests viii -
looked after by ex-JusJice D. Cady Herrick Frank
lin Sullivan Smith and William O.. CrulI GeCrze 8
Graham, formerly OF PhiladeIDhia. who now has an
office at No q Broadway. vii represent the west
chester company with associate counsel
w c. Gotshau declared last night that the New
York Railway and Development Company in
which Messrs. ThOrne. Black, Barber. Van wyck
and others are heavy stockholders tried TO sell him
out He SAYS the WestchesJer and Boston people
nave bought certificate OF Incorporation % New
Jersey corporation by the name OF the Nev,-Yorx
Railroad and Development Company. and have
paid for It S2OT5OO. when at any other time they
interests OF his company have not been weakened
IN the slightest by this transaction, and that tie
Port Chester company will proceed as though these
interests had not Withdrawn
The first news which Wall Street had ot THIS split
In the Port Chester backing was fu a tvpewrirren
statement which came from the ofHce OF CakIsieh
Thorue. which reads:
Some time ago certain interests formed the New
YORK railroad and Development Company for the
kLlhose or financing, and constructing the New-
hork and Port Chester Railroad. application 70
Cj-H ClH M.lcl was and stil Is before the Nsw-Yo-k
plan We're Harvey Fisk < Sons. Ksan, Van Co-t-
Trust Company OF America, Charles W Morse
s esldshL sI OF the 81, National Bank of North
president Of the United States Realty and Con-
Diamond Match COMPANY cs9rrs p 55aI,3 or '-s
W g Sheldon 8 Co; G. r simpson. John ".
Gates John F. Carroll and Robert A Van Wyck
z, Lhese gentlemen nov ind that the New-Torz.
w W MeSlchesJsT so and Boston Railway Company Is al
Feacy actually constructing a line of railroad over
almost the precise route along which the Port Ches-
the Westchester company's charter and fraDcbsa i-
NeW-foTk CITY are probably much more liberal
in the future. They have also ascertsine5 t55-
me me AtereslI when are building t5e WesychesJer
ton or the company's right Of way and the neres-
sry land for terminals, Yards and power plant tn
4ddItlon 70 having made an agreement with the
lerchange or uanc between the WestChesrer Rail-
York Railroad and Development Company or vvfr7
me FQrL 3iesLer company. which IL controls, and
have decided 20 merge their interests in this
TThitridEe Evans r bics NIarsde1 7 Fe--v
drew Freedman, Robert F. Robinson, William Bar
clay Parsons and other capitalists who are now
building The Wesrc1ester railroad. The new inter-
9Sts nave acquired a large amount Of stock in t1s
NeSlchester coTNpdEFr and VIII be represented
its board Of directors
This statement was followed by one from Robert
z. Robinson. OF Dick & Robinson bankers for the
~ v-hH~ Lea
said that the requirement OF interest would
make no change in The compauy's policy exce1-
shortest possible time. He said that next week the
company would let bids for the electrical equipment
and power plant.
When the statements Of Mr.. Thorns and 8Ir- Rob
insOn were shown TO President GOrshau OF ths
Port Chester company last night he said.
For three years Charles T. Barney & Co. have
been the financial hackers OF the Nevg-TC-k and
Port Chester Railroad Company When tle char
ter was granted 70 the company Cndrle5 w MORSE
before the Railroad Commission and sw0r7
that he was one OF the men who would provide
the money for the construction or the road AZ
the same time he swOre that he would not i1 any
sense be a party 70 any attempt 20 sell out rla
The New-York Railroad and Development Com
pdny formed about year ago. AT the time 0-
its organization the object Of t was subsequently 90
New-YOrk and Port Chester Railroad No such
contract has ever been entered into. nor has t1s
Port Chester Railroad Company eveg -sCO gTlizeL
the Railroad and Developments Company.
After we learned OF the attempt TO sell out tAe
Development Company and knowing that this
Railroad and Development Company had nothing
advised friends IN the Railroad and Develop
ment Company TO sell out whatever interest they
affecting the Port Chester Railroad