The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1852-02-28
Our Albany Correspondence.

Il Bill for a Tunnd Und. the Hisisoa Rive.
A bill Of grea. importance vas Introduced IN The
Senate, this morning, b. Mr.. Tabor, the Albany
Senator. sis for the purpose Of Incorporating
oomrT'y 60 censt~ust tnnuel under lao A-ss
yigc1- bss.st.n this city ard tho opposite shore,
The corporatofs Mapped II tn, bill a1e Joan To va.
send, John Taylor, James Stevenson, and their
assooiales. Tie capital required 10 i've hundred
thousand dollars. divited into shAros OF oae hlu-
bred dollars The Commissioners named ia ihs
bill to solicit subscriptions 20 tbe ssook are Robert
II Pruyp. Henry n. Martin, Frauklin Towngsnl
Peter CaS0er ard Hamilton Harris, Eve active ana
eficiens ybung men, as we'll calculated to obtlin
the subscriptions as any other wno can be i9Had in
the city. The work ia to ba c0iao2enood within
two years from the passage of The bill, and 90 n
pieted five years afterwards. The company arc to
be AUTH rasd TO take possession Of and in the same
manner as railroad corporations IRE ia tho Goa.
struction ofroads. They are bound not 10 obssguct
the navig alton Of the river in the bull ting OF Golfer
dams for the prosecution Of tae work Tho upper
surface OF the crown OF tho a.ch is 10 be eighteen
inches under tho bed Ct the rigcT and, at ttschsn
mel of navigation, TO be ten feet below the lowest
wnter mark, as determined by Untot States
survey, made some dozen years since.
The bill authorizes railroad corpora lions to srb.
scribe to tte stock of the tunnel company. 20 the
amouns Of Eve per cent of it's capital; and allows
the Corporation Of tbs city Of Albany, to subscribe
two fifths OF the capital stock
The project of tunneling she Hudson river at
!he place. Was started some van years since, AZ tho
time when the groat effort was made build bridge
over tho river The plan was conceived by the
ever yigileUt Trojans, who opposed tho bridge 80
eifectually at that time |. vas then treated az \
matter Of burlesaus, and riSicusd by overy one,
although there was then q bill drawn, but never
preseated to the Legislature. Tho tunnel question
remained quiet because no person had coaraga
sufficient to advocate its construction. Recently
tho bridge question became considerably Ggitatsd.
The late meeting Of railroad directors, comprising
those Of all companies running TO this city, mas in
duced On inquiry s. to the expedioncy Of cro5sisg
the river here With locomotives end cars The tine
has come when the irlIaense travel and business on
from shore to shore than by ferry boats or on tho
ice. The subject was fully dscussed ut this mee..
ing Of directors, aud several OF tho mos. prominent
ana wealthy Albaaiaps wero censulted, and tho
question Of o tunnel again brought forward; and
tho early introduction Of the tunnel bin ;odi-
Gates that the railroad corporations viii promptly
contribute their assistance ID axe the expert eut.
Plans OF success have been made, the cost literally
estimated, and its Possibility now acknowledged.
The gentlemen who have taken charge of tie INST
ter such as arc not easily enlisted in any vision
airy or probable project, and would never conde-
sceld to the use OF their names or means without
satisfactory assuJan ces of success.
1t is not worry likely that the Common Council Of
this city, 40 Mt preaent constituted, Will authorize
the subscription TO any ofhe tunnel stock The city
has now heavy debt, accrued by is water works
operations, and is responsible for half million,
for bonds Issued towards tho construction Of tbs
Boston Railroad. The tunnel will undoubtedly
pass as there appears to be no shadow Of opposition
10 IL.