William Steinway and brewer George Ehret form the Bowery Bay Improvement Company, whose purpose is to create a “pleasure ground” on Bowery Bay Beach. The establishment will offer restaurants, carousels, shooting galleries and boat rides. Both partners will share the profit from the attractions and restaurants. George Ehret will also sell beer, and William Steinway – tickets to the newly formed horse railroad company, the Rikers Avenue & Sanford’s Point Railway.