New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1908-12-02

81, ieo6, to Jurs
30, 1905 NIay and
June, 1905 est
mRtede .-..-------. lszZO w - -.
To Various Companies
ard indlvtGuals-
For supplies ana various oper-
atlng expenses accrued during
ing the month OF June. lBS - (
To the United states Mortgage
and Trust Company TrUs-
For Sinking Fund payment due
May l, 1913. ..-.-.----- SOGoV ~ {
For interest on First Mortgage :
per cent SINKING Fund Cold 80 -. /
bonds .--.-.-.........--.. A''SVC W I
1905 ..4. O-. - =. = .-.'o s2s4 5s5 "a
In addition TO the foregoing items Of in
GebJedness. there ara certain sums not Yet
determined. claimed 70 be due the Union
Railway Company, either in the form OF
capital payment or an annual rental cna+ sc
for the privilege OF operating on ths trachs
Of the said Union Halfway Company over
the Macombs Dam Bridge.
Q. The income OF your petitioner from
the operation OF its street surface railway
or railways IS wholly inadequate % meet
the necessary expenses OF operating said
railways and make the payments TO the
City required by its franchises Aforesaid, as
moro IN y appears by the statement OF the
receipts and expenditures Of your petitioner
curing the year ending on the Slst day OF
annexed. and BY It's current quarterly re
port To the Public Service Commission. &
copy Of which Is annexed hereto
10. Your petitioner has been and Is
wholly unable TO discharge its obligations
under a certain mortgage TO the United
states Mortgage and Trust Company, dated
The first day OF May, 1905. and there is
row due and unpaid, as OF the first day OF
May. 1908. accrued interest upon the
gage. the sum OF SI1T, 900, and your petit
toner IS further unable TO discharge its
obligations under and by virtue Of certain
contracts heretofore entered into BY y for
the power necessary 10 its operation and
for the further construction OF It's said rail-
ways.
Il. TLe financial condition OF your petit
TONER is sUoh that Il Is and VIII in al IL
creasing measure be embarrassed and Grip
pied IN its desire and effort 20 AFFORD salts
factory and efficient serviCs 70 the public;
ard IN ess tt be materially relieved II -
spect TO its financial obligations, II VIII Be
diTtcule- II not impossible, 70 discharge Its
Obligations to the City and to the public
within the intent and purpose Of It's said
I2 The portions OF the routes embraced
within ths franchise granted to your petit
toner as aforesaid which command reIa-
mile OF operation. sre those upon which
the railway OF your petitioner is now con
structed and in operation, and in respect 70
which there has resulted from said opera
ton 4 large and increasing deficit A largs
portion Of the route or routes granted
Aforesaid to Your petitioner. and more esps-
Point sectiOu IN the southeastern part OF
the Borough o. The Bronx, cannot zG your
petitioner Is advised and believes. in the
light OF its experience IN the operation o.
its present system. BE- constructed and op-
Grated without mourning not only a present
deficit and q continuing loss during the
term OF your petitioners franchise but pos
sible jeopardy o. sll or the greater part Of
any OF the capital expenditures necessary
70 the completion Of said routes
Your petitioner. although unable. az atore-
said 70 meet It's contract and other ohli-
cations, is earnestly endeavoring 10 effect
such arrangements as VIII enable II 70 con
tinue not only the operation. but the fur
Their construction OF It's road. with g view
10 a7Orf!ng the largest sccouuodat ton and
service to the travelling public within It's
power. and the relief for which your Pet
toner respectfully pTavs Il. II view q the
financial embarrassment OF your oetitioner
rss1actruflv shows herein 20 The accom-
pHshment OF this purpose;
Wherefore Your petitioner rTavs that Z
be rsTIava= @-on each ana every q its saiE
ChliE1ttCrs &c make the payments in and
c1r the use OF the bridges specified IN IS
fourth paragraph - section Of the or5i-
nance OF the Board ~ Aldermen. approved
b- the Mayor as aforesaid March 81, 1903.
and from the 0ay-1e0ts for the aforesaid
franchises specified n said fourth Npara-
graph q section o. ssff ordinance, sE-
Cept such annual SUNS which shall be equal
to three per cent. q its gross annual re
CENTS during the first tern, Of Sy-- years
specified IN said paragraph fourth. and
K
gross annual recei0-s thereafter And YOUR
petitioner pravs that public notice be given
OF the tine and place when and where iris
e7pH0ati0n shall be held. and that the C.
sfrad CONSENT or grant herrtr a-r7faS FOR hs
embodied IN the form OF a contract acE
otherwise fr accordance v-f+~ -hs o-o--fxiors
OF she Greater Nsv York Charter
Dated az The CITY OF New York. June %.
New YORK CITY rHTERBoRoUGH
RAILWAY COMPANY
BY Aired Skitt, President
Isesll
II NJ Fisher e-cretsry
State OF New York. County OF View York.
Alfred SEitt, being duly sworn. deposcs
snd saws that he IS the President q New
York City luterbcrcuEh RAILWAY Company.
tEs petitioner named IN the foregoing reri-
ton; that be has read the foregoing petit
ton and knows the contents thereof: that
the same Is true Of his own knowledge ~
cent as % the matters therein stated 20 Be
alleged upon information and belier. and
that as 20 those matters he believes y %
be true that the reason WHY this ve-iAca-
ton IS not made b. the retit'0rer IS that y
- corporation, that the deuoueur IS an
CfTtCer Of said corporation. 70 Wit. It's P-ssi-
dent; and that the grounds q his iuf0-rra-
ton IN regard % the matters stated IN the
foregoing petition. SO Sar as the same are
not within his personal knowledge. are |
statements made by officers or agents OF
the corporation TO him as President thereof
ALFRED sKITT.
Sworn TO before me- this 23d day OF June.
Joserh ". Mason. Commissioner Of Deeds. !
New York CITY.
State Of New York County OF New York.
or this 2sd day % June. IN the year one /
thousand nine hundred and eight. before [
me personally came Alfred Eki-c p me
known, who. being BY me duly sworn did Z
oppose ana say that he resided tu the CIV 7
q Eonkers. \ Y. hat he Is President % (
the New York City Peterborough Railway I
Conpany. the CORPORATION described in ana /
which executed the foregoing Instrument. /
that the seal sefxe9 10 sad i-sr-r5a-1 VA.
such corporate seal; that st was SO ar
FHad Dry order OF the board or Directors u I
said Cor-oration. and that he signed his
name thereto by Ike order
JOSEPH ". MASON.
Commissioner OF Deeds. New York CITY
and At the meeting held N1yAr-ha- IN /
1908 the following resolutions We're adopted. [
Whereas, The foregoing petition from
COMPANY. dated June y. 1905 was pre-
scented 70 the Board OF Estimate and Ap-
porIionneCt a. a meeting held June IS. I
Whereas. a second petition. dated no
vernber p 1H0s, was presented to the /
Board n The meeting held November ~ /.
December -. 1909, IN which 20 complete I
the construction p tweurv-f7ur miles ~ I
the ns-ttfrve~'~ -~h1@ t-a~lr street -aifv,-a--.
Resolved. thar IN pursuance OF law this (
Board sets Friday. the Iith dav Or Decern- f
Der. 1908. a. 1890 o'clock IN the forenoon I
and Room If IN the CITY Hall Borough ~ Z
and where such Oetition stall be first con
sidered. and public rearing Be had there .
on. AZ which citizens shall ne entitled Il 4
appear and 10 he7r7 and be tt further
Resolved That the Secretary Is directed Z
70 CAUSE srch petition and these resolutions
- Be published r0r az least two ~ DAYS IN .
two daily uewe-7a Ders IN TIE CITY ~ New
York, 70 be DESIGNATED b- the Mayor. ard 4
f1r az least tn- 00 DAYS IN ~ ''~l-v-
R-co-d'' Immediately prior n such Fara n. I
nunl'C hearing The expense ~ such pub
LEGATION 70 be h0rrr Nv the netirfoner
JOSEPH TTAAC Secretary
New York, November 20. 1909.