The sun., 1908-08-30
-S<cwow eg ya<E SoTo~

ing the roadway made the task Of accom-
plishing enythinR seem too difficult.
THO Vanderbilt cup rece In the follow
Ing YER, 1901. did much to mare the idea a
reality. The number Of spectators who wit
messed that race was variously estimated at
from 2o0. 900 to 100000. and In spite OF wire
fences. deputy sheriffs and thousands OF
euerds It was impossible to keep the specta-
tors of the course.
One needless spectator wos killed on the
c7urse near Krug's Corner. Joe Tracy, one
Of Americas best known racing drivers
halted his Locomobile racer in front Of the
official stand on one of the early rounds OF
the race and declared he would withdraw
from the contest unless the spectators were
Iske2t off the course. After this raoe Mr..
vencerbilt declared he would never egain
consent to a race for his cup unless the con-
test was he'd on q private road or over q cir
cult guarded by troops.
The first meeting of those who wore to
become directors OF the Long Island Motor
Psrkwny was held at the Lawyers Club in
tbis city on October H.. 1909. Those who
wore at this meeting and others held soon
after included W. X. Vanderbilt, Jr. Dave
Mcl doc. Colgate Hovt. l., c: Weir. Com
modoro Frederick g. Bourne. H. X. Burras.
Harry Payre Whitney. Clarence H. Mackay.
Anton @, Hodenpyl, Relph Peters. John
Farsop. Jefferson De Mont Thompson; CO.
L. Schiff. and a. r. Pardingtou: :,
They decided to organize tho Long Island
Motor Parkway, Inc. and they became
members Of tho board Of directors. with
tho following additional members; 3; +,
hauer. L. Rand Hollander aud August
Heckscher. all Of this city; s. 7. Davis. Jr..
Bridgeport; Henry Ford. Detroit. and Edwin
Ross Thomas. Buffalo. John Ferson and
owing to pross Of othor business. Roy A.
Rainey wcs olected to succeed Mr., Farson.
No successor to Mr.. Morris has yet been
elected.
", K; Vanderbilt. Jrx was elected prcsi-
1sas 1aes Harry aYYaS %nsn'y ysedUnd ssd vice. VICE.
president and general manager and Jefferson
de Mont Thompson Treasurer. Tho capitol
was fixod ct 81. 5oOo0o medo up OF $500 600
in twenty-five yoer gold bonds Of $500 each.
by MORTGAGE. 81 100000 in preferred stock
In 800 shares. bearing interest at per cont.
non cumulative, and $40 1000 In common
stock. A prospectus wss issued which
read In part as follows: 80
The Long Island Motor Parkway. Inc.
is TO he organized and incorporated for the
purpose OF acquiring on Long Island a right
miles long Beginning at a point near the
city 1.-The of Greater New York. the parkway
viii have its eastern terminus near the shore
of -Peconic Bay, Suffolk county on this
right of way there win be constructed an
automobile parkway, properly fenced to
protect users. II is proposed to charge for
the use OF this parkway and establish rca-
sonable regulations as 10 it's use.
The revenues from this and other sources
/ are conservatively cstimited TO more than
pay all fixed charges know and estimated
The sources of revenue are as follows:
A-Charges on an annual. semi-annu,l.
at arte .y. monthly. weekly, daily and hourly
basis.
| B~-Admissions, sale of seats, parking
spaces. dc.. in connection with events simia r
| TO the race for the William X. Vanderbilt
| Jr., cup.
C-Testins OF cars by manufa Ct urers.
D--Motch races. economy tests. nonstop
| runs. twenty-four hour contests, &c.
| The Long island Motor Parkway. Inc.
| will afford manufacturers, agents and Others