Excerpt from Board of Estimate and Apportionment, City of New York: Report by the Bureau of Franchises Upon the Application of the Stock Quotation Telegraph Company for a Franchise to Construct, Maintain and Operate Conductors in Conduits Within the Entire City of New York; December 16, 1912
Sir - There is submitted herewith a proposed form of contract to govern the grant of a franchise applied for by The Stock Quotation Telegraph Company, authorizing it to use the streets in all the Boroughs of the City, with the exception of that portion of the Borough of The Bronx lying east of the Bronx River, for the laying and maintaining of wires used in the operation of electrical printing instruments, com mouly known as stock tickers.
The circumstances which led to the filing of the petition for this authority may be briefly recited as follows: On October 14, 1910, the Commissioner of water Supply, Gas and Electricity. In a communication presented to the Board that date, called attention to the fact that this company and two others were using the streets apparently without authority therefor, and the matter was thereupon referred to this Bureau for investigation and report. On November 11, 1910, the Bureau presented its report to the Board, and a resolution was adopted requiring all the companies in question to furnish proof of their alleged authority to use the streets of the City, and, on December 22, 1910, the Board directed that upon the receipt of the documents called for, the Corporation Counsel be requested to advise the Board as to the claims of the company.
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