Page images
PDF
EPUB

eral, on the recommendation of the Public Service Commission for the First District.

Maps.

The Company filed in the office of the county clerk of New York County

November 26, 1879, a map showing the original route and the extension of 1884, with the exception of that part of the route on First avenue from 42d street to 34th street. February 11, 1885, a map, showing the same route as in its map of 1879, but including the extension on First avenue.

Special franchises. By chapter 825, of the laws of 1873, passed June 24th of that year, Isaac M. Walton, Rufus K. McHarg and others, obtained a franchise to construct a railroad with single or double track on a route identical with that above described as the charter route of the Company thereafter incorporated. The act provided that "Wherever the track or tracks of said railway shall cross or intersect the track or tracks of any railway, by mutual agreement between the owners of said respective railways, transfer tickets may be issued to passengers at an additional rate of fare, not exceeding three cents, said transfer tickets to be received in full for fare to any point on the line of said connecting railways or either of them."

At sundry times during 1878 the interest of the grantees of the legislative grant were acquired by the Company by mesne con

veyances.

By resolution of the board of aldermen of June 12, 1884, approved by the mayor June 21, 1884, the Company obtained a franchise for a double track street surface railroad on a route identical with that described in the extension of May 12, 1884. The Company was required to pay to the city during the first five years after the commencement of operation, three per cent of its gross receipts annually, and thereafter five per cent.

December 8, 1892, the Company obtained from the department of docks a revocable permit to lay tracks on the bulkhead at Avenue A, between 109th and 110th streets at a rental of $8.33 per month.

Chapter 371 of the laws of 1899, passed April 19th of that year, provided, among other things, as follows:

Section 1. It shall not be lawful to operate upon Amsterdam avenue, between 72d street and 125th street, in the borough of Manhattan in the city of New York, any street surface railroad upon the road or tracks of any street surface railroad company by any motive power other than horse power,

unless the tracks or rails upon which said road is or shall be operated are so located in said avenue that they shall be at all points at least 20 feet distant from the nearest curb line of said avenue.

2. Any street surface railroad company having a valid right to operate a street surface railroad by any power other than horse power upon the portion of Amsterdam avenue lying between 72d street and 125th street, shall have the right to place one or more of its rails between the rails, or use the tracks of any other company operating on that portion of Amsterdam avenue subject to the provisions of the first section of this act.

By contract of December 29, 1910, the Company obtained franchise from the Board of Estimate and Apportionment, for a loop extension at the Fort Lee ferry, as follows:

Beginning at and connecting with the existing tracks in Manhattan street at or near the easterly line of 12th avenue; thence by double track, curving westerly in and upon Manhattan street to 12th avenue; thence southerly by double track in and upon 12th avenue to West 129th street; thence curving easterly into West 129th street to the center line of West 129th street; thence easterly by single track in and upon West 129th street to Manhattan street, and there connecting with the existing east-bound track in Manhattan street.

The grant was for a term of 10 years, with the privilege of renewal, upon revaluation, for 15 years. The Company was required to pay three per cent of its gross annual receipts for the first five years, and five per cent for the remainder of the term, but not less than $325, and $575 for the first and second periods of five years, respectively, of the original term, and to keep in repair the pavement in the streets between the tracks and two feet on either side. At the termination of the franchise grant the tracks were to revert to the city free of cost.

December 30, 1911, the Public Service Commission for the First District approved the application of the Company for the exercise of the foregoing franchise.

Change of motive power. August 18, 1897, the Railroad Commission authorized the Company to change its motive power from horses to underground electricity or compressed air, on the following route:

Commencing at Manhattan street, North river, New York City, through and along Manhattan street to St. Nicholas avenue; through and along St. Nicholas avenue to 110th street; through and along 110th street to the East river; also, from the corner of 110th street and First avenue, through and along First avenue to 109th street, through and along 109th street to Avenue A (now Pleasant avenue), through and along said Avenue A (now

Pleasant avenue) to connect with applicant's tracks at 110th street; also from applicant's track at the corner of 10th avenue and 86th street, through and along 86th street to the North river; also from Manhattan street through, along and upon 10th avenue to 42d street; also from the corner of 42d street and 10th avenue, through and along 42d street to the ferry at the foot of 42d street, North river; also from 42d street through and along 12th avenue to 34th street; together with the connections, turnouts, switches and convenient stands; also commencing at the tracks of the applicant in 42d street at the westerly line of 10th avenue; thence through, along and upon 42d street and through the tunnel to the East river; also from 42d street and First avenue through and along First avenue to 34th street; also commencing in 42d street at the intersection thereof by Seventh avenue; thence running through, along and upon Seventh avenue to Broadway; thence through, along and upon Broadway and across the circle and across Eighth avenue to the Boulevard; thence through, along and upon the Boulevard to connect with the tracks of the applicant at Manhattan street.

Stock and Bonds. Some time in 1878 or 1879, the Company increased its capital stock from its original issue of $900,000 to $2,500,000. August 16, 1899, the Board of Railroad Commissioners authorized the Company to increase its capital stock from $2,500,000 to $7,500,000. March 10, 1880, the Company executed a first mortgage to the Union Trust Company to guarantee the payment of bonds for $1,200,000, at six per cent interest, due March 1, 1910. July 1, 1885, the Company executed a second mortgage to the Union Trust Company, to guarantee the payment of six per cent bonds for $1,600,000, due January 1, 1915. In 1908, previous to the appointment of a receiver, all the bonds were outstanding.

Intercorporate relations. (See also chart II, no. 23.)

Trackage Agreements. December 11, 1879, the Company acquired from the New-York and Harlaem Rail-Road Company joint trackage rights on 42d street, between Fourth and Madison avenues. The Company agreed to construct and maintain at its own expense all the connections necessary for its operation, and to pay one-half the cost of maintaining the tracks covered by the contract. The Company also agreed to construct a switch and single track on the south side of 42d street, between the existing tracks and the curbstone of the sidewalk, whenever requested by the New-York and Harlaem Company.

November 28, 1884, 'the Company by contract with The Ninth Avenue Railroad Company obtained the right to connect its tracks on the Boulevard (formerly Bloomingdale road) at 64th street

and at 72d street, with the tracks of that company, located on the Boulevard between 64th and 72d streets, and to use the same jointly with the Ninth Avenue Company. The Company agreed also to pay a rental of $1,000 per annum. The Ninth Avenue Company agreed to maintain at its own expense the tracks covered by the agreement.

December 10, 1884, the Company by contract with The Broadway and Seventh Avenue Railroad Company obtained the right to connect its tracks at 42d street and at Broadway at 45th street with the tracks of that company located in Seventh avenue, and to use the same in common with the latter company on Seventh avenue, between 42d street and 45th street. The Company agreed to maintain at its own expense the castings and connections and to pay to the Broadway and Seventh Avenue Company for the use of its tracks an annual rental of $600; the Broadway and Seventh Avenue Company to maintain its tracks at its own expense. The agreement was to continue for 21 years.

October 31, 1885, the Company by contract with The Third Avenue Railroad Company obtained the right to the joint use of the southerly tract of that company, as lessee of the Houston, West Street and Pavonia Ferry Railroad Company, on 42d street between Fourth and Lexington avenues, upon the payment to the Third Avenue Company of 50 of its second mortgage income bonds and an annual rental of $500.

January 28, 1886, the Company obtained the consent of the Houston, West Street and Pavonia Ferry Railroad Company to construct a single track on 42d street, between Fourth and Lexing ton avenues, at a distance of at least four feet north of the northerly track of the latter company.

By another agreement, dated March 10, 1886, the Company obtained the joint use of the tracks of the Houston, West Street and Pavonia Ferry Railroad Company on Lexington avenue, between 41st and 42d streets, to reach the stable located on 41st street between Fourth and Lexington avenues, but for for the purpose of carrying passengers. The company obtained permission to construct the requisite connections and switches to connect its tracks on 42d street with those of the Houston Street

Company on Lexington avenue. The Company agreed to pay one-half the cost of maintaining the tracks covered by the agree

ment, and to maintain, at its own expense, the switches in connection therewith.

April 20, 1886, the Company by contract with The Dry Dock, East Broadway and Battery Rail Road Company obtained the right to place a crossing in the curve of that company, in East 34th street east of First avenue, to connect its curve from the west track of The Central Park, North and East River Railroad Company so as to reach the foot of East 34th street. For further details of this agreement, see The Dry Dock, East Broadway and Battery Rail Road Company.

June 14, 1886, the Company obtained trackage rights from The Central Park, North and East River Railroad Company on First avenue between 42d and 34th streets, at an annual rental of $4,000. The Company was required to construct the necessary connections and switches. The rental was to be adjusted every 10 years.

December 15, 1886, the Company obtained the joint use of the tracks of the Houston, West Street and Pavonia Ferry Railroad Company on 42d street, between Fourth and Lexington avenues, at an annual rental of $800. The Company was authorized to construct and maintain, at its own expense, all the necessary connections, switches and turnouts.

By another agreement with The Central Park, North and East River Railroad Company, dated May 29, 1889, the Company obtained trackage rights in 10th avenue, between 42d and 59th streets, at an annual rental of $100 per car operated thereon, not to exceed eight cars, and at a rental of $3,200 per annum if more than eight cars should be operated.

December 31, 1897, the Company obtained from the Metropolitan Street Railway Company* as lessee of the Ninth Avenue Railroad Company, trackage rights on the Boulevard, between 65th and 71st streets for the unexpired period of the lease, and the Company granted in turn to the Metropolitan Company trackage rights in perpetuity on the Boulevard between Manhattan street and 130th street. The Metropolitan Company, as lessee of The Broadway and Seventh Avenue Railroad Company, granted to the Company trackage rights on Seventh avenue for the unex

* See Third Avenue Railroad Company for agreement with Metropolitan Company, dated June 22, 1908.

« PreviousContinue »