Deseret Evening News | 1907-10-14 | Page 1 | Brooklyn Ferry Co. Will Abandon Lines

BROOKLYN FERRY CO WILL ABANDON LINES New Yort Yot ou Oct l 14 Th Brooklyn Perry FI rry company which operates seven lines line lne of boats boits bt across acro the East river rl from rom avIL street tret to t Forty Second Ild street u ha ht has given sic public notice OUN that It Itis ItI itis is I to t IMd IVI Its 11 lna lines In th tb the near I r future The company ha ha has capital stocks stock tok and nd bonds bond amounting to 12 1 oooo outstanding and went Into Inlo th the CM hands hand hand of ot a receiver r elver a year yr ago 0 short abort br ly I after defaulting on al tb tics interest Inter Inte du clue on It It bonds bends The Th property was Mas wa otter offer offered ed d to 10 th the city nt cU sometime ago a 0 for tIC ill U OM OM but bUl tb tic te city ly 4 to buy bi Tb Tb lines bass Un of or the Brooklyn r n Kerry Ferry Fr company ar sri are In lum II the th ions ion 1 drained d by byth th Ih hi Williamsburg and aM mma that tbt structure has ha been a J 0 ih mite Income of the ferry fr a has baa b decreased to U such an aim tnt that U it I could Luul not stand th t the strain iUa tn u its It It sos BUS U pension however hov will wi cease c to I thousands who she ho still us vie tn th t boats bt In Ini i the th river rive and acid an t Is I th thor re tore tI a possibility that tlC th the h city ma decide 1114 to t operate severs several nl I o ot th tM u lines foi tl 01 their thir bI hineS Municipal or of r terry ferry U hose I no Ito 10 new nw thing In II the Cb t I liy Iy It I having In II the Ihl lilt last Jew Vw fw vr r years purchased tiro lutes line 11 which It I U is now n