distance of 130.75 miles) with a branch from the main line at Morris station, to Port Morris (2.12 miles). Prior to this lease this Company had been operating under an agreement, on the tracks of the New-York and Harlaem Rail-Road Company from Mott Haven south into New York City. The lease was for a term of 401 years from April 1, 1873; and was subject to an agreement with The New York, New Haven & Hartford Railroad Company, dated November 1, 1872 (tripartite lease), for the joint use of the Grand Central depot; the lease included the right to use the horse tracks of the lessor company between 42d street, and the freight depot on White, Centre, Franklin and Elm streets. This lease further provided that this Company should prosecute the "Fourth avenue improvement" at the cost of the lessor with money to be furnished by this Company.

The New York and Putnam Railroad Company. January 30, 1894, this Company leased the road of The New York and Putnam Railroad Company from near 155th street, in the city of New York, to Brewsters, Putnam County, with branches to Getty square, Yonkers, and Lake Mahopac. The lease was for the corporate existence of the lessor company. The rental was four per cent on an issue of $5,000,000 of bonds and the payment of the bonds when due.

March 7, 1913, this Company merged The New York and Putnam Railroad Company (no. 439), by the filing of a certificate of merger in the office of the secretary of state.

Trackage and terminal agreements. Prior to the lease of the steam division of the New-York and Harlaem Rail-Road Company by this Company, the New-York and Harlaem Rail-Road Company had entered into a tripatite lease November 1, 1872, with The New York, New Haven & Hartford Railroad Company and this Company for the joint use of the depot at 42d street. This agreement provided for the joint use of the tracks and the railroad yards; for the use of rooms in the depot building and of vaults and platforms for the storage of baggage. The three companies which were parties to the agreement agreed to pay their respective proportions of 25 per cent, 33 per cent and 42 per cent of all the taxes and assessments which should, at any time during the term of the agreement, be imposed upon the depot yard

or the land or buildings located thereon and covered by the agreement; also the interest in the above proportions at the rate of seven per cent per annum on all improvements which should be constructed upon the property covered by the agreement; no steam locomotive engine should be admitted into the depot, but trains could be run by steam to 49th street; the entire management of the Grand Central depot and operation of trains were placed in charge of a station master, appointed by the companies jointly. The agreement was to continue during the corporate existence of the companies. December 31, 1885, a supplemental agreement was entered into between the companies for the joint use of the Grand Central depot, then being enlarged. This agreement provided that the New Haven Company should have the use in common with the other companies of the tracks in the enlargement. The rental was fixed at five per cent of one-third of the cost of construction and common maintenance. July 14, 1897, the companies made a second supplementary lease for the improvement of the Grand Central depot. The work of construction was to be done by this Company, and the New Haven Company agreed to pay as its share of the cost a total of $4,126. August 17, 1898, the companies executed a third supplementary lease for the reallotment of rooms in the old portion of the Grand Central depot, and additional allotment in the newly constructed portion. March 23, 1899, a fourth supplementary agreement was executed between the companies which provided for one general waiting room and one baggage room for all the companies. The New Haven Company was to pay one-third of the cost of alterations not exceeding $100,000.

July 24, 1907, the companies entered into a new agreement in regard to the new Grand Central depot, then being constructed. By it the New Haven Company was to have the use in common with this Company of the railroad terminals for passenger traffic; not to exceed 50 per cent of the maximuum capacity of the terminal; paying to this Company for the joint use of the terminal its proportion annually of $485,393.69, the interest on the cost of the part of the terminal constructed under the tripartite lease of November 1, 1872, and the supplement thereto of December 31, 1885, and its proportion of interest, etc., not to be less than $160,

179.92 per annum; also its proportion of the annual franchise payments to the city of New York and all of the net cost, repairs and renewals of the material, of the net expenditures for the operation of the same, and the cost of litigation and damages to persons and property resulting from accidents occurring at such terminal; also to pay its proportion of $2,000,000 cost of the Mott Haven yard and of the maintenance and expenses connected therewith. The Company agreed to furnish the New Haven Company electric power between Woodlawn and the Grand Central station; the agreement was accompanied by elaborate plans.

125th street and Park avenue station. August 15, 1898, this Company and its lessor, the New-York and Harlaem Rail-Road Company, entered into an agreement with The New York, New Haven & Hartford Railroad Company for the joint use of the station of the former, at 125th street and Park avenue.

Agreement with The Central Park, North and East River Railroad Company. June 25, 1874, this Company granted to The Central Park, North and East River Railroad Company (now the Belt Line Railway Corporation), the use of its double tracks on Tenth avenue and West street from 30th street to Canal street, in the city of New York. The consideration for the past use was $5,000, and for the future use, the Central Park Company was to pave the streets according to the requirements of an ordinance of the Board of Aldermen, approved by the mayor May 6, 1847.

Agreement with the Harlem Bridge, Morrisania and Fordham Railway Company. December 30, 1885, this Company, as lessee of the New-York and Harlaem Rail-Road Company, entered into an agreement with the Harlem Bridge, Morrisania and Fordham Railway Company in settlement of the litigation between the two companies relative to the crossing by the Harlem Bridge Company of the tracks of the New-York and Harlaem Company at 138th street. The agreement gives the Bridge Company the right to cross the tracks of the Railroad Company.

Trackage agreements with Companies now in New York Railways Company System.

November 16, 1893, this Company granted to The Metropolitan Cross-Town Railway Company the right to cross the three steam tracks of the Central Company in Tenth avenue at 13th street.

November 25, 1893, this Company granted to The Metropolitan Cross-Town Railway Company the right to cross the steam tracks of the Central Company in Watt street at Canal street, at grade.

November 1, 1894, this Company granted to the Thirty-fourth Street Railroad Company the right to cross at grade with its double track street surface railroad the steam tracks of the Company on Eleventh avenue at 34th street.

March 19, 1896, this Company granted to the Metropolitan Street Railway Company the right to construct on the steam tracks of this Company automatic switches, as follows: Four separate switches at or near the intersection of Christopher street and West street; one at or near the intersection of Houston street and West street, and one at or near the intersection of Charlton street and West street.

July 10, 1902, this Company granted to the Interurban Street Railway Company the right to electrify its tracks across the steam tracks of the Company at the crossing of Greenwich street and Washington street with Canal street.

September 12, 1911, this Company made an agreement with the receivers of the Metropolitan Street Railway Company for the removal of the single track from Vanderbilt avenue, between 42d street and 44th street, and from 44th street, between Vanderbilt avenue and Madison avenue, and to connect the Fourth and Madison avenue line with Madison avenue entirely by way of Madison avenue and 42d street. The Company was to bear the cost of removal,

Trackage agreements with Companies in the Third Avenue Railway Company System.

August 24, 1899, this Company granted to The Forty-second Street, Manhattanville and St. Nicholas Avenue Railway Company and The Third Avenue Railroad Company the right to electrify the crossing at 42d street and Eleventh avenue; this Company and the Forty-second Street Company to share equally the expense resulting from damage to persons or property occurring at the crossing.

August 4, 1909, the above agreement between the Central and Forty-second Street Companies was modified by altering the duties of the watchmen.

September 6, 1895, this Company granted to The Southern Boulevard Railroad Company the right to cross at grade the single track of the Port Morris branch of the Harlem Railroad on Southern boulevard.

Trackage agreements with the Manhattan Railway Company.

May 27, 1901, this Company entered into an agreement with the Manhattan Railway Company granting the latter a revocable right to lay 16 wrought iron pipes containing lead cables, across the tracks of The Spuyten Duyvil and Port Morris Railroad at Third avenue, between Washington and Brook avenues, in the borough of The Bronx.

June 13, 1901, this Company granted to the Manhattan Company a revocable right to lay 22 wrought iron pipes, containing lead cables, under the roadway and tracks of the Company at 54th street and Park avenue, and also 24 wrought iron pipes under the roadway of the Harlem Company at 110th street and Park avenue.

May 9, 1902, the Company granted to the Manhattan Company a revocable right to construct a foot bridge across the road of the New York and Harlem Company at a point north of 198th street, in the borough of The Bronx.

Agreements with Express Companies.

July 1, 1907, this Company granted to the American Express Company the exclusive right to all the strictly express transportation business done over the lines of the Central Company. This agreement superseded an existing agreement between the companies dated January 1, 1903, and all other agreements that were then in force, and was to take effect July 1, 1907, and to be in force for 15 years, or until terminated by one year's notice of either party to the other. For this grant the Express Company was to pay to the Railroad Company 50 per cent of the gross earnings from traffic derived by it from the agreement.

October 1, 1909, this Company and The New York, New Haven & Hartford Railroad Company entered into an agreement with the Westcott Express Company, granting the latter company for