The evening star and Newark advertiser. [volume] (Newark, N.J.) 1907-1908, 1907-08-20
TROLLEY
MERGER IS
in EFFECT
Service Plan to Con-
sOIidate Several Systems
Has Some Opposition.

Stockholders of the North Jersey
| Street Railway Company. the Jersey
City, Hoboken and Paterson Street
Railway Company and the United
Street Railway Company of Central
Jersey voted today by an immense
majority of shares of tire stock to
merger the three companies into q
/ new corporation the Public Service
Street Railway Company, which has an
authorized capital of $SS, 900, 900.
The meeting was held in the offices
of the Public Service Corporation in
the Prudential building, and about a
score of men were present to vote
proxies. OF the total of 800, 900 shares
3s1, 054 were voted for the merger, or
consolidation of the companies.
OF the $1,000 shares of the North Jer-
sey, Street Railway Company 142,6 $50 were
voted for and only 2,497 against. aud 19S. 400
of the 100000 shares OF the Jersey City,
Hoboken and Paterson Company were
voted for the consolidation, while S9.99S
OF the 40. 600 shares of the United Street
Railway of Central Jersey were voted
for the merger and only two shares
against.
P. C.. Walsh, ir., voted the only shares
of stock-hfty-for the Jersey City, Ho-
boken and Paterson Company against the
agreement of consolidation.
The opposing North Jersey company
stockholders were Colonel Allan B. Wall
lace. Benedict Prieth, Edward It. Ward,
Frederick w. Bell, Henry c. Haines, P. c..
Walsh, IT,, all of Newark, and John S.
Eakins, of Brooklyn.
These men all talked for a. long time
against the agreement plan to consolidate
made by the directors for the companies
on July 80 last.
nj --..--. -
that the Public Service Street Railway
Company would be a holding company
only and could not operate the railroad
lines. But the Public Service Corporation
will manage the consolidated lines in New
ark and SAVE a very large sum of money
yearly for the stockholders.
The directors of the Public Street
Railway Company are:
Thomas c. Barr, Orange; John ]. Bur-
leigh. Merchantville; Albert B. Carleton,
Elizabeth; Walton Clark, Philadelphia, Pa.
Mark T.. Cox, East Orange; Anthony r.
Kuser. Bernardsville; Lewis Lille, Haver-
ford, Pa; Randall Morgan, Philadelphia.
Pa; Thomas N. McCarter, Rumson; Uzal
Fl. McCarter, Rumson Charles A. Sterling,
East Orange.
The first officers of the company are:
President, Thomas N. McCarter, Rumson,
N. j.; vice-presidents, Charles A. Sterling,
East Orange, N j.; Albert B. Carlton,
Elizabeth, N. j., and John ]. Burleigh,
M~erchantville, N. j.; secretary, Frederick
Evans, New York, N. Y; assistant score
tary, Harry C. Stevenson, Newark, N. il;
treasurer, James P. Dusenberry. Newark,
N. j.; assistant treasurer, Robert d. Miller,
Jersey City, N. ].
BY the terms Of the agreement to CONSOLE
date stockholders Of the North Jersey
Street Railway Company and the Jersey
City, Hoboken and Paterson Street Rail-
way Company will get for their stock share
for share In the Consolidated Company,
and the stockholders of the United Street
Railway Company and Central Jersey will
get three shares Of stock of the new com-
pany for every four of their old stock.
1t was stated by some OF the opponents
Of the plan that they would take the
merger into the courts, Judge Dill being
reported to have given an opinion that 1t
was illegal.
One of the stockholders who made
strong speeches against the plan to con-
solidate the three. companies into one big
one said after the meeting today that he
did not know what course may be pur-
sued.
"We made a stiff fight for what we be-
lieve is right he said. but we were
beaten by a very large majority of votes.
In my opinion the merger lisa scheme TO
put through a future deal for the big
stockholders"
There is little doubt that the Belmont
Ryan great interests in Greater New York
will control the trolley terminal under the
Hudson River and in time all the trolley
railroads in New Jersey. 1t was predicted
q dozen years ago that trolley roads from
Boston to New York would yet be con-
trolled by one sgreat company, and one
of the most prominent trolley men in the
Eastern States said this was true.
The different companies consolidated into
the Public Service Street Railway Com
pany are the North Jersey Street Rail-
way Company; the Jersey City, Hoboken
AMI Paterson Street Railway Company,
formed by the merging of Paterson Cen
trail Electric Railway Company, Saddle
River Traction Company. Palisade Rail-
road Company, Paterson White Lin
Traction Company. Paterson, Passaic ard
Rutherford Electric Railway Company,
Jersey City, Hoboken and Rutherford
Electric Railway Company and Paterson
Horse Railroad Company; n The United
Street Railway Company of Central Jer-
sey, formed by merging the Elizabeth and
Raritan River Street Railway Company
and Elizabeth and Plain1eld Central Jer-
sey Railway Company.
The capital stock of the North jersey
Street Railway Company amounts to $lo,-
100000, that of the Jersey City, Hoboken
and Paterson to $40, 600, 000, and of the
United Railway of Central Jersey TO
1900, 900, making a total Of 500. 900, 900, while
the stock of the Consolidated Company Is
only sSs, 0 ,OOO.