Newark evening star and Newark advertiser. [volume] (Newark, N.J.) 1909-1916, 1913-05-08
SERVICE
READY TO START
TERMINAL WORK
President MCCarter in Letter
to Board OF Works Makes
Known the Plans.
LOAN OF $4,000, 900 HAS
BEEN ARRANGED, He SAYS
Attitude of Board Stamped In
warranted Reflection on
Corporations Good Faith.

Citing the fact that the Publis
| Service has already expended a MIL
hon and half Of dollars in the pnr~
chase Of property; that It has al
ready borrowed or negotiated for
loans aggregating $4,000, Oo0 and that
the title of all necessary properties.
with single exception, is already
held by the corporation, President
fhomas n. McCarter, in letter 10
the Board Of Works today. declares
that the present attitude of .'disfrust
expressed by board members on the
general terminal plan is IAN unWar-
ranted reflection on the good faith
and integrity Of purpose of this cor
poration and its officers" The letter
is as follows
Dear Sirs: Mr.. Burleigh. our Sec
ond vice-president has reported 10
me what transpired at the last con
ference between him and other repre-
sentatiyes OF this corporation and fhs
mnebers OF your honorable body on
Monday evening last, the Substances
of which is that a disinclination to
proceed further in the matter was
expressed by one or more members
Of the board because Of a belief Or
feeling on their part that Public Serx-
ice did not really intend to Construct
this terminal in the near future even
should the pending applications be-
/ fore the Board of Works be approved
/ by it This attitude OF some OF the
members Of the board. as reported to
me by Mr.. Burleigh, has since been
fully confirmed by the newspaper
accounts Of the conferences.
To dispel once and for ali any
such doubt or distrust, I submit the
following statement OF facts:
In the month OF June, 1e12. nearly
a year ago. at a conference betwean
the members OF the then Board u
Works and myself and other repre-
sentatives OF the corporation. relatlH<
to certain proposed street rsIlwya *
tensions. l stated 70 the board that
the company had under confederation
/ a very comprehensive plan the de-
tails Of which I was not vet ready
! to discuss. but would do SO 81 the
earliest opportunity
Authorized 10 Buy Property.
The minutes of the executive con1-
, mittee Of Public Service Corpora
ton of New Jersey, under date Of
June II. show that the matter was
brought TO the attention of the execu-
tive committee on that day the de-
tails of the plan, accompanied by a
report from the operating depart
ment. laid before the committee. and
that. after fun discussion, the presi-
dent was authorized to contract with
the Pennsylvania railroad for the
purchase of the property originally
acquired by that company, for It's
terminal, for the purpose Of the new
terminal
The minutes Of a further meeting
of the executive COMMITTEES on July
16 show that the president reported
that in pursuance Of the authority
given him at the preceding executive
committee meeting he had Contracted
with the Pennsylvania railroad FOR
the purchase of the terminal plot
This action was approved by the
committee. and the president was
further authorized to acquire such
| other private property in the inme-
diate vicinity as in his judgment
might be necessary for the purposes
of the terminal
-'on August 10 the foregoing action
OF the executive committee at the tvs
meetings named was presented to tfAs
.uh poelu oi uDnc service Sorpora-
sioh % -NeN Jersey tne matlef Was
Sseo N uslali anu Unanimously
app
Premises Have Been Acquired.
In pursuance of the authority thus
conferred upon me | at once COM
menced TO acquire the necessary reai
estate, having employed the Fidelity
Trust Company to act as my agent
! in the premises. Every piece OF pri-
! vate property required for the conn
plete operation Of the terminal. ac-
| eordine to present plans, Including
: the elevated and subway approaches
: thereto. has either been acquired, Or
| its purchase contracted for in writ
ing. with one exception. this being
small piece of property on Boudinot
street. where there was a defect IA
the title and condemnation proceed-
ines VIII be necessary.
ine land thus acquired or con-
tracted 10 be purchased has cost ap-
proxlmately a million and half q
: dollars. the great bulk OF which has
: actually been paid out, and the title
TO the property taken IN the name of
- q 50