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Island City Star and the Long Island City News, the road being located in Long Island City.

No opposition was made to the application at the hearing. It appears, from statements made by Mr. Foster, counsel, that public interests would not suffer by the suspension of operation of this branch. Inasmuch, however, as the statute, chapter 605 of the Laws of 1886, provides that a company suspending shall post a copy of the order of the Board in all the depots and at the termini of the road, and publish the same in every paper in each town in any part of which the said road shall be constructed, at least four weeks prior to the date of such suspension, the Board makes the date of suspension four weeks from the present date, i. e., January 6, 1891. It is, therefore,

ORDERED, That the Riker Avenue and Sandford's Point Railroad Company shall be relieved of the duty of operating its railroad from January 6, 1891, to May 1, 1891, after it shall have complied with section 3 of chapter 605 of the Laws of 1886, with regard to publishing notices of such intended suspension.

By the Board.

VIII. IN THE MATTER OF THE APPLICATION OF THE CONESUS LAKE RAILROAD Com

PANY FOR PERMISSION TO SUSPEND OPERATION DURING THE WINTER SEASON IN CONFORMITY WITH SECTION 55 OF CHAPTER 565 OF THE LAWS OF 1890.

September 22, 1891. This application, dated August the 22d was filed with the Board. A public hearing was advertised and bad before the Board at its office in Albany on Tuesday, September 22, 1891. No opposition was made to the granting of the application.

Permission was given by the Board last year to suspend.

The Board deems that it is justified in granting, and does hereby grant permission to the Conesus Lake Railroad Company to suspend operation of its road from the 22d of October, 1891, to the 1st of May, 1892, upon complying with the requirements of the statute in regard to posting and publishing notices of such suspension for four weeks prior thereto, and with the condition that the same facilities shall be afforded at Conesus Lake junction and to the inhabitants of the village of Lakeville as were afforded last year.

By the Board.

IX. IN THE MATTER OF THE APPLICATION OF THE ROCKAWAY VILLAGE RAILROAD

COMPANY FOR LEAVE TO SUSPEND THE OPERATION OF ITS ROAD DURING THE WINTER MONTHS.

October 5, 1891. This application, under date of September 21, 1891, was duly lodged with the Board, asking permission to suspend the operation of the Rockaway Village railroad from November 1, 1891, to May 15, 1892. Due notice was given through the press, of a hearing upon this application before the Board at its rooms in the Capitol, Albany, N.Y., on October 5, at 2 P. M. No one appearing in opposition to the suspension of operation of the road, and it appearing by papers on file with the Board that public interests would not be prejudiced by such suspension of operation, it is hereby

ORDERED, That the Rockaway Village Railroad Company shall be relieved of the duty of operating its road from the 1st of November, 1891, to the 15th of May, 1892, in accordance with section 55 of chapter 565 of the Laws of 1890, upon compliance with the provisions of said section in regard to the posting and publication of a notice of the intention of such company to suspend operation.

By the Board.

X. IN THE MATTER OF THE APPLICATION OF THE ROCHESTER AND GLEN HAVEN

RAILROAD COMPANY FOR LEAVE TO SUSPEND THE OPERATION OF ITS ROAD DURING THE WINTER SEASON.

October 12, 1891. Application was made by this railroad company, dated the 24th of September, 1891, for permission to suspend operation during the winter season.

This railroad company made a similar application in 1890, at which time an examination of the road was made by a member of the Board, and an investigation of the total cost of construction and equipment, its bonded indebtedness, net income and receipts for the year preceding, and the consent of the Board was then given.

A notice of a hearing on this application, at the office of the Commission in Albany, on the 12th day of October, was duly given through the press of Rochester. No one appeared in opposition thereto.

The Board deems that the road in question comes clearly within the provisions of section 55 of chapter 565 of the Laws of 1890, permitting à railroad constructed and used principally for summer travel to cease operation during the winter season. It is, therefore,

ORDERED, That the Rochester and Glen Haven Railroad Company shall be relieved of the duty of operating its road from the 15th of November, 1891, to the 15th of May, 1892, upon compliance with the provisions of section 55 of chapter 565 of the Laws of 1890, with regard to posting and publication of a notice of the intention of such company to suspend operation.

By the Board.

XI. IN THE MATTER OF THE APPLICATION OF THE KAATERSKILL RAILROAD COMPANY

FOR PERMISSION TO CEASE OPERATIONS DURING THE WINTER MONTHS, IN ACCORDANCE WITH SECTION 55 OF CHAPTER 565 OF THE LAWS OF 1890.

October 19, 1891. This application, dated October 6, was lodged with the Board. A public hearing was had at the office of the Board in Albany, Monday, October 19, after public notice in the press of Kingston. J.

H. Jones, superintendent of the Kaaterskill, appeared in behalf of the road. No opposition either by letter or person was received to the granting of the request.

A similar request was presented to the Board last year. A remonstrance was also presented at that time. After careful consideration of all the circumstances in the case, however, the Board determined that it was justified in granting the request. At that time the operation of the road had been conducted at very considerable financial loss. The road is doing better now, and the report for the fiscal year ending June 30, 1891, shows a net income of $208. There is no doubt, however, that if the road were compelled to be operated during the winter season it would result in considerable financial loss.

The road was originally built to carry passengers from the Stony Clove and Catskill Mountain railroad to the Hotel Kaaterskill, and comes clearly within the provisions of section 55 of chapter 565 of the Laws of 1890, permitting railroads to cease operations, with the approval of the Board of Railroad Commissioners, where constructed and used principally for summer travel.

For the above reasons the Board deems that it is justified in granting and does hereby grant permission to the Kaaterskill Railroad Company to suspend the operation of its road from the 16th of November, 1891, to the 25th of May, 1892, upon complying with the provisions of section 55 of chapter 565 of the Laws of 1890, in regard to posting notices of such suspension.

By the Board.

XII. IN THE MATTER OF THE APPLICATION OF THE RIKER AVENUE AND SANDFORD's

Point RAILROAD COMPANY FOR LEAVE TO SUSPEND OPERATION DURING THE WINTER MONTHS.

October 26. 1891. This application, under date of October 2, was lodged with the Board asking its consent to the suspension of the operation of the road from January 1, 1892, until April 1, 1892.

A hearing upon this application was set down at the rooms of the Board, Capitol, Albany, N. Y., on Monday, October 19, 1891, and public notice given of the same through advertisement in press of Long Island City.

No opposition was made to the application and it appearing that the road was conatructed principally for summer travel and it further appearing that public interest would not be prejudiced at present by the suspension of the operation of this branch during the period named, it is therefore

ORDERED, That the Ricker Avenue and Sandford's Point Railroad Company shall be relieved of the duty of operating its railroad from January 1, 1892, until April 1, 1892, after it shall have complied with section 55, chapter 565 of the Laws of 1890, with regard to publishing notice of such intended suspension.

By the Board.

XIIL. IN THE MATTER OF THE APPLICATION OF THE CATSKILL MOUNTAIN RAILWAY

COMPANY FOR PERMISSION TO SUSPEND THE OPERATION OF ITS ROAD DURING THE WINTER SEASON, IN ACCORDANCE WITH SECTION 55, CHAPTER 565 OF THE LAWS OF 1890.

November 16, 1891.

were

no

This application, dated November the 6th, 1891, was lodged with the Board. A public hearing was had before the Board, at its office in Albany, on Monday, November 16, after published notice in the Catskill Recorder. Charles A. Beach, general superintendent, represented the railroad company.

There

remonstrances presented, either in person or by letter.

The circumstances of the building of this road were set forth in the report of the Board on a similar application in 1889. The evidence shows that the railroad was built principally for summer travel, and if forced to operate during the winter months would do so at a loss of from five to six hundred dollars a month, and again reduce it, if not to bankruptcy, to a condition of unprofitableness. The report for the year ending June 30, 1891, shows a net income from all sources of $5,833.80, as compared with $5,688.39 last year. This is a slight improvement, but not sufficient to justify the Board in declining to grant the application.

În view of the above facts the Board deems that it is justified in permitting and does hereby permit the Catskill Mountain Railway Company to suspend the operation of the Catskill Mountain railway and Cairo railroad, between Catskill and Cairo, from December 12, 1891, to May 2, 1892, and also that portion of the Catskill Mountain railway from its junction with the Cairo railroad to Palenville until Monday, June the 13th, 1892, upon complying with the provisions of section 55 of chapter 565 of the Laws of 1890 in regard to posting notices of suspension.

By the Board.

APPLICATIONS FOR THE ISSUE OF BONDS.

Under the provisions of subdivision 10 of section 28 of chapter 140 of the Laws of 1850, as amended by chapter 724 of the Laws of 1887, it was provided that as a condition precedent to the issue of any bonds secured by a mortgage upon the property of a railroad corporation, a meeting of the stockholders, held for the purpose of considering and voting upon such proposed issue should be held in pursuance of a published notice once a week for four weeks in a newspaper to be designated by the Board of Railroad Commissioners.

This provision, however, has been superseded by section 2, article 1 of chapter 564 of the Laws of 1890, which went into effect on the 1st day of May, 1891, known as the Stock Corporation Law. Under this provision the written consent of two-thirds of the stockholders is necessary to the issue of any bonds for the payment of which the property of the corporation so issuing bonds is pledged and the calling of a meeting by publication in a newspaper to be designated by the Board is no longer necessary.

As a consequence applications to the Board for the designation of newspapers ceased with May 1, 1891.

Below will be found the record of the applications made during the ten months ending April 30, 1891:

August 4, 1890 - Kinderhook and Hudson railway.
August 11, 1890 — Elmira and Horseheads Railroad Company.
September 23, 1890 — Rochester and Glen Haven Railroad Company.
October 10, 1890 — Erie and Central New York Railroad Company.
October 20, 1890 - Watertown Street Railway Company.
October 28, 1890 — The Peoples' Railroad Company of Syracuse.
November 17, 1890 - Utica Belt Line Railroad Company.
December 20, 1890 - Staten Island Midland Railrord Company.
December 29, 1890 - Buffalo Railway Company.

January 7, 1891 - Buffalo, Thousand Islands and Cortland Railway Company

January 12, 1891 – United States and Canada Railroad Company.
January 23, 1891 Grand View Beach Railroad Company.
January 26, 1891 – Amsterdam Street Railroad Company.

February 13, 1891 - Central New England and Western Railroad Company

February 14, 1891 – Oswego and Rome Railroad Company. February 20, 1891 - Syracuse and South Bay Railroad Company.

February 21, 1891 - Brooklyn and Rockaway Beach Railroad Company. Issue, $350,000.

February 21, 1891 - Brooklyn Heights Railroad Company. Issue, $325,000.

March 9, 1891 - Unadilla Valley Railway Company. Issue, $250,000.

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