A History of the City of Brooklyn and Kings County, Volume II.Ostrander, Stephen M.
History
A History of the City of Brooklyn and Kings County, Volume II.
Ostrander, Stephen M.
Brooklyn (New York, N.Y.) -- History; Kings County (N.Y.) -- History
An enterprise of such magnitude was not carried forward without
extraordinary struggles. To keep the work, so far as possible, out of
politics required much ingenuity and persistence on the part of those
who were actuated by the most public-spirited motives. It was not
possible to wholly eliminate politics and self-seeking. An act of the
Legislature in 1859 provided that New York city should be represented
by its Mayor, comptroller, and president of the Board of Aldermen,
and Brooklyn by the commissioners of the sinking fund. The company was
authorized to occupy land under water on each shore to the distance of
250 feet.
Meanwhile, operations were begun in the direction of an effort to
raise the required $5,000,000 by private subscription, but they were
not successful, and it was determined to apply to the cities for
aid. Application was made to Brooklyn, through the Common Council,
for $3,000,000. After many months the incorporators were successful,
and later, in 1868, the city of New York subscribed the $1,500,000
required, and the stockholders made up the additional $500,000.
The shares, as has been shown, were fixed at $100 each. The list of the
original subscribers, as revealed by the original minute-book still in
the possession of the trustees, is very interesting. It is as follows:--
SUBSCRIBERS SHARES.
Mayor, Aldermen, and Commonalty
of the City of New York 15,000
The City of Brooklyn 30,000
Henry C. Murphy 100
Isaac Van Anden 200
William Marshall 50
Seymour L. Husted 200
Samuel McLean 50
Arthur W. Benson 20
Martin Kalbfleisch 200
Alexander McCue 100
William M. Tweed 560
Peter B. Sweeny 560
Hugh Smith 560
Henry W. Slocum 500
J. S. T. Stranahan 100
Grenville T. Jenks 50
Kingsley & Keeney 1,600
John H. Prentice 50
William Hunter, Jr. 50
John W. Lewis 50
------
Total 50,000
After the subscriptions were all made, several of the subscribers
withdrew or failed to make good their promises, whereupon Mr. Kingsley
took up their stock and advanced the amount necessary to cover their
deficiencies. In fact, he and the firm he represented took in all over
$300,000 of the entire $500,000 subscribed by the New York Bridge
Company.
Public-domain text, read in full here on John Shaqi.
Reviews
Reviews
No reviews yet
Be the first to share your thoughts on this work.
Elsewhere in the archive
Join the Discussion
Join the discussion
Sign in to leave a comment or review.
Sign InorCreate an account