Perth Amboy evening news., 1923-07-25
Action at Keyport

KEYPORT July rs The public
hearing given the applicants for the
running of jitney lines through the
borough served to bring out a large
crowd of interested citizens to the
meeting of the borough council held
Monday night. Several applicants
were present and also represented
by attorneys. No definite action was
taken at the meeting, in order TO
first ascertain which line would be
of the most benefit to the borough.
Alderman brothers, of Keyport,
asked permission to operate a bus
line from Keyport to Freneau and
were represented by Attorney Ar
thur S. Van Buskirk.
James Doukas, represented by
Attorney John A. Lovely of South
Amboy asked permission to operate
a bus line from Keyport to Perth
Amboy.
The Rollo trucking company, rep
resented by Judge Henry E. Acker-
son wanted to operate a bus line
from Keyport to Matawan and Free
neau. The Little company of
Keansburg asked a permit to oper-
ate between Keyport, Keansburg,
Red Bank and Atlantic Highlands.
The Frisanti Company of Free
hold asked to operate between Free
hold and Keyport while the Shore
line bus company of Newark wanted
to operate between K~eansburg and
Newark. This company already
operates from Newark to Keansburg
but is not permitted to stop in Key
port.
Several interested citizens ad-
dressed the meeting, including DR..
Bogardus, Ana. Philo, Samuel D.
Walker, and ]. D. Feldman, relating
to the bus question and Mayor
Thomas L. Smith then appointed a
citizens committee including Will
liam II. Hitchcock, Samuel D. Wal
ker, and Dr.. o. c. Bogardus to meet
with the street committee of the
council, DIR. Hopkins, II. S. Schanck
and Daniel Van Pelt on Tuesday af-
ternoon at four o'clock in the bor-
ough hall to make a decision and to
report same at an adjourned meet
ing to be held in the borough hall
on Tuesday evening at 8 o'clock.
Trolleys Operate Under Receivers
MORRISTOWN, July 25-Morris
County Traction Company trolleys
are being operated today under the
direction of temporary federal re-
c~eivers Joseph P. Tumulty of Jersey
City, formerly secretary to President
Woodrow Wilson. and Joseph X.
Choate of New York, president Of
the road, following institution Of a
SO, 900, 900 mortgage foreclosure ac-
ton in federal court in Newark yes
terday.
The company has been directed to
-. A,,u,,.4 Z kafaro EaH-
eral Judge Lynch in Newark why
the receivership should not be made
permanent.
The federal receivers took over
the operation of the company's lines
today in Essex, Union and Morris
counties. The company's main line
begins at M~aplewood and runs to
Dover, Wharton, and Lake Hopat-
cong. 1t has several branch lines,
one to Elizabeth, and another at
Denville.
The receivers were appointed by
Judge Lynch after the Peoples
Savings and Trust company of Pitts
burgh, Pa, had filed the foreclosure
action. 1t is alleged the company
defaulted in the payment of inter-
est on a $4,000, 900 bond issue of
June Is, 1905.
Jitney competition between Nor
ristown and the other towns served
by the railway is given as the rea-
son for the company's default.
Counsel for the road say the COM
pany has lost between $4,000 and
$4,000 by jitney competition dur
ing the past year. The company's
assets are scheduled at S~3,600,oOO
Including real estate, equipment and
cash assets of $4,000. The current
liabilities aggregate $4,000, the
complaint sets forth.