tracks of any other railroad for continuous operation of trains. The grant was for 25 years with a renewal for another 25 years upon a revaluation.

The compensation to be paid the city was as follows: For rights under the beds of the Hudson and East rivers ontside the pier head lines, $100 each annually for a period of 25 years; for rights under the dock and bulkheads, 50 cents per linear foot of single track railway annually for the first 10 years, and one dollar annually for the next succeeding 15 years; for its rights and franchises under streets or avenues in Manhattan (except 31st and 33d streets between Seventh and Eighth avenues, and Eighth and Ninth avenues) 50 cents per linear foot of single railway track annually for the first 10 years of operation, and one dollar per foot annually for the next succeeding 15 years, and for rights under streets and avenues in Queens one-half these rates; for rights under 31st street and 33d street between Seventh and Eighth avenues, and between Eighth and Ninth avenues, $14,000 annually during the first 10 years of operation, and $28,000 annually during the next succeeding 15 years; for rights under the portions of 33d street and Fourth avenue used for station purposes, $1,140 annually for the first 10 years, and $2,280 annually for the next succeeding 15 years. The Company was also required to pay $36,000 a year for its terminal facilities under the portions of 32d street between Seventh and Ninth avenues until the city was authorized to convey to the Company such portions of 32d street in fee simple, when the Company was to pay $788,600 for the property. The Company was given no power to carry on merely local traffic," unless with the approval of the Rapid Transit Commission, the Board of Aldermen and the Mayor, and for such additional compensation to the city as might be prescribed; "local" being defined as between the terminal station of the Tunnel Company and any point in the city of New York within five miles thereof, or between stations within said limits.

The franchise as set forth was ratified by the Board of Aldermen December 16, 1902, and by the department of docks and ferries and by the commissioners of the sinking fund, January 7,

1903.

Extension of time for obtaining consents required by franchise. By order of March 4, 1903, the Rapid Transit Commission extended the time to May 26, 1903, for obtaining property owners' consents as required by the Company's franchise. July 23, 1903, the Rapid Transit Commission further extended the time to November 26, 1903, and on November 24, 1903, again extended the time to May 28, 1904.

Intercorporate relations. (See also chart V, no. 56.) June 26, 1907, this Company was merged with the Pennsylvania, New Jersey and New York Railroad Company, a New Jersey corporation, to form the Pennsylvania Tunnel and Terminal Railroad Company (no. 545), which was at the time engaged in the construction of the so-called Pennsylvania tunnels as provided under the original franchises of this Company for construction. (For construction of this Company's railroad, see history of the Pennsylvania, Tunnel and Terminal Railroad Company.)

Sale of land for station at Seventh avenue and 33d street. December 16, 1903, the commissioners of the sinking fund issued a certificate of sale to this Company of the land formerly included within the boundaries of 32d street between the westerly line of Seventh avenue and the easterly line of Eighth avenue and between the westerly line of Eighth avenue and the easterly line of Ninth avenue, for the sum of $788,600.

April 18, 1906, the City conveyed to the Company for $400,000 that portion of land formerly included within the boundaries of 32d street between the westerly line of Ninth avenue and the easterly line of Tenth avenue, the street having already been closed by proper authorities.

Sunnyside Yard. June 8, 1906, this Company and The Long Island Railroad Company jointly petitioned the Board of Estimate and Apportionment for a change in the city map discontinuing and closing portions of streets in the borough of Queens to make room for the so-called "Sunnyside Yard." An amended petition was filed November 7, 1906, and a resolution granting the petition of the companies was adopted February 17, 1907, and approved by the mayor June 27, 1907. The street changes required for the Sunnyside Yard and this Company's terminal are included within the territory bounded by Jackson avenue, Wood

side avenue, Middleburg avenue, Grove street, Skillman avenue, Van Pelt street, Foster avenue, Rawson street, Thompson avenue, Meadow street, Davis street, Hunter's Point avenue, Oliver street, Third street and East avenue.

The agreement for the changes as described above and for the occupation by the railroad companies of the streets enumerated, was entered into by the companies with the city on June 21, 1907.

544 Pennsylvania, New York Extension Railroad Company (Manhattan and Queens)

Incorporation. December 11, 1901; The Railroad Law of 1890; for purpose of constructing an underground tunnel to be operated by electricity or some other suitable power; corporate life, 1,000 years; capital stock, $1,000,000; route (about four miles), as follows:

From some convenient and eligible point on the dividing line between the states of New York and New Jersey opposite that portion of New York City lying between West 23d street and West 45th street at which point said railroad is to connect with a railroad to be organized under the laws of the state of New Jersey and thence easterly by the most convenient and eligible route or routes under the waters of the Hudson river to and under the borough of Manhattan, to and under the waters of the East river and to and under the borough of Queens in the city of New York to a convenient and eligible point in said borough of Queens, which two points first and last named shall be its termini.

From a letter dated December 31, 1901, addressed to the Railroad Commission by Samuel Rea, president of The Long Island Extension Railroad Company, requesting that the Board suspend action on an application filed September 27, 1901, to fix the route of that company, it would seem that the Company had been incorporated to carry out a more comprehensive plan that would not only bring the Long Island Railroad into the borough of Manhattan but would form a connection with the Pennsylvania Railroad system, and thus establish communication with the boroughs of Manhattan and Queens by means of tunnels under the North River, the borough of Manhattan and the East river.

Maps. December 9, 1901, the Company filed in the office of the clerk of New York County and on December 12, 1901, in the office of the county clerk of Queens County, a map and profile of its entire route.

Construction. No record of any construction. The Company has probably forfeited its corporate existence.

545 Pennsylvania Tunnel and Terminal Railroad Company (Manhattan and Queens)

Incorporation. June 26, 1907; both in New York and New Jersey as a consolidation and merger of the Pennsylvania, New York and Long Island Railroad Company (no. 543), and the Pennsylvania, New Jersey and New York Railroad Company, to construct and operate a railroad from the town of Kearney in Hudson County, to and under the bed of the Hudson river to the New York state line at a point in or opposite the town of Weehawken, a distance of about seven miles, there to connect with the road of the Pennsylvania, New York and Long Island Railroad with a route of about 10 miles; corporate life, unlimited; capital stock, $40,000,000, of which $20,000,000 was to be issued share for share for the capital stock of the Pennsylvania, New York and Long Island Railroad Company, and $5,000,000 share for share for the stock of the Pennsylvania, New Jersey and New York Railroad Company.

Rapid transit certificate. By certificate dated June 13, 1907, the Rapid Transit Commission authorized the Company to deviate from the approved plan and profile of its route of railroad as originally granted, in accordance with a plan annexed to its petition dated June 11, 1907, filed with the Rapid Transit Commission on that day.

Intercorporate relations. (See also chart V, no. 55.) This Company is controlled through stock ownership, by the Pennsylvania Railroad Company.

August 1, 1910, this Company entered into an agreement with the Pennsylvania Railroad Company for the maintenance and operation by the latter of the railroad of this Company on its behalf, and as its agent. This agreement was to take effect on the first day of August, 1910, and to continue in force for a period of 10 months. By resolution adopted July 12, 1910, the Public Service Commission approved this contract on the following conditions:

(1) That said agreement shall not be taken or construed as in any way affecting the legal obligations of the Pennsylvania Tunnel and Terminal

Railroad Company to the state of New York, city of New York or to the public, and

(2) Said agreement shall not become operative until a sworn copy thereof, duly executed by the proper officers of the contracting corporations, is filed in this office, together with certified copies of resolutions duly adopted at meetings of the boards of directors of the contracting companies authorizing or approving of the execution and delivery of said agreement.

March 22, 1911, this Company again entered into an agreement with the Pennsylvania Railroad Company for operation of its road by the Pennsylvania Company as agent, substantially as set forth in the agreement of August 1, 1910. This agreement was for a period of 11 months, beginning June 1, 1911, and expiring April 30, 1912. The Public Service Commission approved this agreement by resolution adopted April 21, 1911, upon the same conditions.

February 14, 1912, this Company entered into another agreement with the Pennsylvania Railroad Company for the operation of its railroad by that Company as agent, substantially as provided for in previous agreements above enumerated. This agreement was to continue in force for a period of 11 months, expiring March 31, 1913. The Public Service Commission approved this agreement by resolution adopted April 5, 1912, upon the same conditions.

February 24, 1913, this Company renewed its agreement with the Pennsylvania Railroad Company for the operation of its railroad by that Company, as agent, on substantially the same terms as set forth in the previous agreements. This agreement was to continue in force for 11 months, expiring February 28, 1914. The Public Service Commission approved this agreement by resolution adopted March 14, 1913, upon the same conditions.

Trackage agreements. September 14, 1910, this Company and the Pennsylvania Railroad Company, as operating agent granted to The Long Island Railroad Company for a period ending May 31, 1911, the right and privilege to make connections with the line of railroad of this Company near Harold avenue in Sunnyside yard and to exercise trackage rights over and use the section of this Company's railroad for handling its passengers, baggage, mail and express traffic, as follows: