1887-12-08-New York Times-New Cable Company

New York Times

8 December 1887, page 1

NEW CABLE COMPANY.

The Rapid Transit Cable Company has been incorporated with a capital of $100,000 and the following Board of Trustees: John H. Pendleton, Cornelius Tiers, Alexander H. Tiers, Thomas Nast, Robert I. Sloane, Lincoln Moss, Thomas Swinyard, R. Duncan Harris, Andrew Bryson, Jr., Thomas L. Snead, John W. Young, H. H. McAllister, and Robert M. Miles. According to Mr. Cornelius Tiers, the company was organized for the purpose of introducing an improved cable motor and curve devices, which will transport heavy rolling stock on elevated and surface roads in rapid time. The new cable system is somewhat upon the principle of that now in use on the Brooklyn Bridge, but, Mr. Tiers says, is more effectual, and has greater advantages. Two of the Trustees of the company, Messrs. Sloane and Moss, are construction engineers in the employ of the Manhattan Elevated Railroad Company.

NOTE: We are not yet certain that this is the same John W. Young as the son of Brigham Young.