New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1918-04-12
New Concern Gets Dock :.
$4,000 a Year Less Th,,
Rival Offers
Queens Politician
Active in COMPANY
Bristol Line, To Be Ousted.
Transports War
Supplies

Something Went wrong vests,a..
with Mayor Hylan's sacred" uolicv :.
municipal economy. The Comm;ss;o,
crs of the Sinking Fund, of whom ~.
Mayor Is chairman, at business
meeting yesterday. approved the ,s,,,
of Pier 50. North River, to the Hud,o,
Dock and Terminal Corporation ;.
$4,000 less per annum than the Bris,ol
City Lire, the present lessee, was will
ing to pSy.
The Bristol Line, which operates .
feet OF merchant ships between ri,
port and Bristol, and has been encs.ss
recently exclusively in transportiips
war supplies, has occupied the dock H.
the last eighteen years AT rental q
$4,000. Their bid OF $4,000 is signsS
and on file with Dock Commissions
Hubert and the Sinking Fund Com.
mission. The pier was leased to Il,
new company for ten years at s2s0Ol
year with provision for renew,l
for an additional ten years at a ID
per cent advance. The action of tbs
commissioners means that. while Tho
pier is leased at an annual increase Of
$4,000. there is still loss to the civ
of $4,000 year on the figure the Brs-
tol Lire was willing to pay
A New Concern
The Hudson Dock and Terminal Com.
pany was organized recently by the
Corporation Trust Company, OF 81
Wall Street, and its moving spirit an
pears to be Frank Mccoy, Queens
politician and friend of Big Bill Dey.
cry, according to counsel for the Bris.
toll Line. Counsel said that it had a
dummy board Of directors.
George w. Field. OF the firm of Plat
& Field, Of l20 Broadway. appeared as
counsel for the Bristol Line before the
Sinking Fund Commission and yiror.
ousiy protested against the leasing Of
the pier TO the new concern. Mr. Field
declared that his company had been
negotiating with Dock Commissioner
Hubert for a renewal OF the pier lease
for some time, but fixed appointments
recently had been postponed from time
to time, and meanwhile the new com.
pany was assured that il could have the
pier.
According to Mr.. Field. the directors
OF the Hudson Dock and Terminal
Company are all clerks OF the Corpo.
ration Trust Company except two, who
are employees in ar oil concern in
Bayonne, n. j., owned by Mr.. McGoey,
of Queens. The company's charter, be
said, merely gave it authority to "lease
piers" and said nothing about sailing
ships. 1t might be assumed from thaI
fact that the new company intended TO
release the pier probably to some one
else. The company might be expected
to make at least what the city loses on
the deal. if not more. It is no secret
that there is a great demand for sucn
piers because of the hcaYy transpor.
tation OF war supplies.
II. Field told the Sinking Fund
Commissioners that the Bristol Cit
Line had requested A renewal of is
lease Of Pier 60 on February 27, and
ia been told il would have 10 pa
$4,000. He SAID it considered s259oa
about right under the rev war cond
lions, but was willing to pay $4,000
Conference Postponed
Representatives CT ;he compsnv
were to confer with Dock Commits.
sloner Hubert OH April / in resaA
to the lease. he said. but the confo'-
once WAS postponed. The COMPANY
representatives we're not able to "gsi
together" with The city authort'
after that. he said
He told the commissioners that M
Bristol at present was exclusively m
gagged in "war work" and that ii
did -,.>,,l1 hove
place 70 go. Three of the lines YES
sells had been tcrpedoed. lie said. Il,
declared that the company felt It as5
an equity in the pier rs about $5o'e'
had been spent for improvements on Sc
1t is understood that sons further r
ton will be taken in The matter BY '''
Bristol Line.
Directors Held One Meeting
The lawyer asked Dock Commissloa.
er Hubert and the other members q
the Sinking Fund Commission; W.
and what the Hudson Dock and is
minal Corporation was. He receH''
no reply. :,
Il have looked them up he saw
THE directors have held only vs.
meeting. and then with dummies. ;. >.
Commissioner Hurlbcrt asserted As;
there never had been any mehtio" Il,
a $4,000 or 100000 rental. ne ne y. y
clared that if the conference wilh y.
Bristol company representatives n az,
been postponed it had been some s S.i
IN his office and not himself WHO ~
postponed it. .s .sS
"On the Sd or 4th of April, mn, sss
Commissioner Hubert. "no' me inc
heard from the Bristol CITY L T.rmi-
wrote to the Hudson Dock ana l Inn,
nal Corporation that | would spf'
of their offer of S25.O00.' a.. d.
Asked after the meeting VINO nv VEN.
rectors of the Hudson compah! sanM
Commissioner Hubert SAID ne sI,s
not remember offhand. as he nau can
the papers with the Sinking Fund Vvs
mission. He said he believed the ZEE W.
Germ had an office on Broad Sum IN,
He admitted that the Bristol w. ba.
had filed a bid OF $4,000 win INV, ssm-
after they knew what the othei W.
pany would pay o,,
Mayor Hylan insisted at Inc ,a No:
ing that the commission eouiu .au.
break faith" with the Hudson e's
pany, that concern having pee ar.,S
formed that its offer would be ss y, for.
The Mayor. however, asked po'S ssg.
missioner Hubert to try ana &c. ~.
600 from the concern. but witnvsa s,ns.
ing HIM an opportunity for fur,ns;;
gotiaSions, the commissioners s .lairs
way passed the resolution app''
the Hudson company lease ...;.,ers
All the Sinking Fund Comm1sSw,Snsb Mani,
with the exception of Robert y; a a,S,r.
vice chairman of the Board OF Ss.ass
men, who was present in the s ~ tAs
Of Alfred f. Smith, president ".sSx
board, voted for it. MIR, Mofs"
to be excused from voting. e
James A. Taylor, OF the Du, nr,sss
Municipal Research. who was rsprs
at the meeting. protested as n";,stiaa
sentative Of taxpayers, org s;~~ AVA
to the city practically throws a didrs
100000" Mr.. Taylor said y; ~ At De