New-York tribune., 1908-12-10

/ and ADGiVtdua4s-
/ For supplies and various opec-
/ atinS expenses accrued during
ing the month OK June 1905 -. -.
tesltEIs ted .....-..--.-.-.--. 1.oOO 70
/ To tbs United states Mortgage
and Trust Company, Tru5-
! For sinking Fund payment due
/ For interest On First Mortgage !
per cent sinking Fund Gold
DOA4s NEUTRALITY-SUSPICIOUS.. AAt'OO~ W
/ Total obligations as Of June 30.
4SOo -----------. s@S7'oOo -
In addition TO the foregoing items Of in
/ deDtecness, there are certain sums not yet
/ determined. claimed 20 De due the Union
ttaltWay Company either n the form OF
capital payment or al annual rental cna4 50
-or the privilege Of operating on the tracks
I q the said Union Railway Company over
The AaccUbS Dam Bridge.
.. The income Of your petitioner rom
Lhe operation OF It's street surface ral4Way
I or railways Is wholly inadequate 70 meet
the necessary expenses OF operating SAID
railways and make the payments 70 the
I Cry required 5y its franchises Aforesaid. as
I more tL-Iy appears " the statement OF the
| receipts and expenditures Of your petitioner
/ during the year ending on the S1BI day OF
! December, 1907, copy OF which IS hereto
annexed. and BY It's current quarterly re-
| port 10 the Public Service Commission,
I copy OF which IS annexed hereto.
10 Your petitioner mas been and Is
wholly unable 10 discharge its obligations
under a certain mortgage 10 the United
States Mortgage and Trust Company, dated
the nrst day OF May. 1905, and there is
row due and unpaid. as OF the first day OF
May. 1905, as accrued interest upon the
cutAtarciug bonds issued under said mort
gage. the sum Of SI1T. 600. and your peti-
uoner Is further unable 20 discharge its
obligations under and by virtue OF certain
contracts heretofore entered into 0y II for
me power necessary 70 It's operation and
FOR the further construction OF It's said rail
WAYS
Il. The financial condition Of your peti-
tioner IS such that IL Is and will IN al IN
cr-astDg measure be embarrassed and Grip
pied IN It's desire and effort to AFFORD salts
factory and efficient service TO the public;
ana unless Il be materially relieved IN r.
specr 70 It's financial obligations. Il will be
cir1cult, II not impossible, 20 discharge its
ob.lsaions 70 the City and 20 the public
within the intent and purpose Of It's said
franchise.
- The portions OF the routes embraced
within the franchise granted 70 your peu-
uoner as Aforesaid which command rela-
lively the greatest voluns OF traffic per
nile or operation, are those upon which
the railway Of your petitioner Is now con
structed and IN operation, and in respect 20
which there has resulted from said opera
ton large and Increasing deficit large
portion ot the route OF routes granted as
aforesaid TO your petitioner, and more espe-
Cially the routes n the so-called Hunts
Point section n the southeastern part Of
the Borough OF Tie Bronx. cannot. your
petitioner IS advised and belisvss. IN the
light ot It's experience in the operation OF
its present system, be constructed and Op-
deficit and a continuing loss during the
term Of your petitioners franchise. but pos
sibls Jeopardy o. aII 2r the greater part Of
any % the capital expenditures necessary
10 the completion % said routes
Your petitioner. although unable, as afOre-
said 20 meet rs contract and ether obli-
cations. IS earnestly endeav0rilg % effect
such sr-an Eerren-s as VII enable Il 20 con
unue not only the operation. bur the Tur-
ther construction CI It's road. with a view
20 s1ording the largest accommodation and
service 20 the travelling public within its
power. and the relief for which your peti-
TONER respectfully prays Is. II view q the
essential your petitioner believes and
respectfully shows herein. 20 the accom-
pllsaUent u this purpose;
Wherefore Your petitioner 1-ays that 70
he relieved rom each and every q tts said
OBLIGATIONS 70 make he payments IN and
f0r the use cf the BRIGGS specified IN It's
franchise. and more particularly IN the
fourth Dar7g graDh Of section q the 0rdt-
nance Of the Board of Aldermen, approved
by the Mayor as aforesaid March 81. 1903.
and from the payments for the Aforesaid
. franchises specified in said fourth para
cept such annual sums which shall Be equal
% three Per cent o. It's gTOss a-nual re-
ceipts during the first term of I'VE years
specified IN said paragraph fourth. and
which shall be equal 70 i've per cent Of It's
gross annual receipts thereafter. and your
petitioner prays that public notice be given
Of The -ims and place when and Ths-e this
application shall be held. and that the de-
sired consent or grant herein applied for -
embodied IN the form OF contract. ana
otherwise N accordance with the provisions
of tde Greater New York Charter
Dated a. The City Of New York. June 3.
New YORK CITY INTERBoRoUGH
RAILWAY CONPANT.
By Alfred 5kltL Prssident-
lssa.l
H " Fisher. Secretary.
State OF New York. County ot New York.
Alfred sl,itt being duly sworn. dsposss
and says tEaC be is the President DC New
York City Iurer5orOug1 Railway Company.
the petitioner named n the foregoing peti-
tlo1. r1at he has read the foregoing pett-
ton and knows the contents thereof that
the same Is true Of MS own know Ledge, ex-
cert as 70 the ma tiers therein stated 70 De
alleged upon Information and beLtes, and
that as % those matters he believes - 70
be true that the reason why this ve-itca-
tiCu Is not made BY the petitioner IS that Il
g q corporation that the depOnent is an
rtfiCer 0r said corporation 10 wit its P-esi-
dent and r-lu the grounds Cs MS fufor-aa-
zion In regard 90 the matters stated n the
foregoing petition, SO rar as the same are
NOT "l-Hlh MS persona kHoW-ecSs- aF-
statements made by officers or agents &
the corporation 10 him as President thereof
ALFRED SKLTT
Sworn 20 betore ne this 2sd day of June.
Joseph " Mason. Commissioner Of Deeds.
New York City.
state ot New York. County OF New York
or this c31 tay oc June. IN he year one
thousand nine hundred ana elg1t. before
me- personally came Alfred Skirt. 70 me
known. who. being by me duly sworn. did
lepose and say sEar ne resided In the city
lr Y0ukers. y. Y that he is President OF
the New York city IuterBor0uE1 Railway
company. the corporation described IN and
which executed the foregoing Instrument,
that he knew the seal or said corporation.
thG- the seal affixed 20 sad Instrument was
such corporate sssi. thai IL was SO az
-N-l -T order or tce Board q Directors OF
SAID corporation. and that ne signed his
name thereto by Ike order
JOSEPH ". MASON.
T0-1Uu's sEtoue- or Deeds. New York city.
and az the meeting held November n.
1905. the following resolutions were adopted: /:
Whereas, The foregoing petition from
New York CITY and Iu-. r.a-ruRl Raj yys.v
scented 10 the Eoard OF Estimate and Ar-
p0rt-onmsnt at d meeting held Juns 20.
1855 and
whereas A second petition. dated No
verher y, 1905, was presented 70 the
Board at the meeting held November IS.
1908. requesting an extension or time until
Deoeuae- . 1909 IN which 20 complete
the construction ~ rWen-g-r1ur miles 7<
the ra-.r.r~er-= double track street "a Iva "
Resolved. That IN pursuance OF law this
Board sets Friday. tle ll-l day OF Decen-
and Room &c in the City Hall. Borough of
Manhattan. the time and place when
ard where such petition shall be first con
st1srsd, and a public hearing Be had there
on az which citizens shall ne entitled 70
arrea- and BE- heard and be II further
Resolved, That the Secretary is directed
70 cause such petition and these resolutions
r. b- published for at least Two p 4avs n
York 90 be Cesig gus led by the Mayor and
r7r az least ter llo} DAYS IN the city
Record Immediately prior 70 such date ot
public hearing The erUeuse Of such pub
ncatign 20 be borne by the petitioner.
JOSEPH HAA5 Secretary
New York. November 20 1905