New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1867-12-05
HIGHLY IMPORTANT RAILROAD CONSOLIDATION.

HIGHLY IMPORTANT RAILROAD CONSOLIDATION.
On Tuesday. Dec. 3. very large aud influential
meeting was held at the AstOr House. composed Of
the Board OF Directors of the New ork and Oswego
Midland Railroad Company. and the representatives
Of the Montcair Railway Company Of New-Jersey.
Tie Hon Dewitt c. Lttlcjohn, President, was in the
chair and b. Gage Berry of Norwich. Secretary. The
Board Of Directors consisting Of MessrS. Walter NJ
Conkey. Treasurer of Norwich; the Hon. II. r. Low
and Edward Palen of Sullivan County; A. {. Edger-
ton. Delaware County; j. A. Randall and f. 1.
Hayes of Chenango County; Elisha c. Litchheld j..
" Merchant and ID. c. Stephens of Madison County;
VIM. Foster of Oswego County, and n. Randall of
Ncw-logk. were all present. Introductory remarks
were made by Messrs PRATT of Montclair and Spauld
ing of Bloomfield Chief Engineer, showing that the
Montcair Railway Company had received subscrip-
tons to about 500 go portion of the line of the
road aud that 81 900 would be made up by March
b. lsjS which amount would be sufficient TO build the
road from Jersey City to Pompton, and additional
$4,000 could be raised 10 carry the road TO the New
York state line The advantages Of this road would
De- great saving OF distance 10 the Northwest. and
also 20 the coal mines-straighter route and lower
grades than any other road ont OF New-York The
terminus at jersey City would take the property Of
the Jersey Shore Improvement Company ID. > Gre
y. ~
Ere Railway and with an elevated grade and deep
cut would avoid the tunnel at Bergen Hil-crossng
the Passaic at BelleyIe on an elevated bridge and
tunnel of 800 feet at Orange Mountain. The route is
easy of construction. and will prove very valuable
auxiliary 10 the coal regions aud the Valley of the
Delaware
The charter of the present Midland railway
Company was granted April 3 1865, and May -, 1851
Cap.tal stock sl20OOOOO Length of route, main
branch 975 miles and lateral branches a miles add
tionai The different towns and counties along the
line thereof are authorized to subscribe loan 80 per
cent on the assessed zealand personal value of property
in 1865 This road passes through Orange Sullivan
Delaware Chenango, Madison, aud OswegoC Counties
and the towns of Mddletown. Monticello, Liberty,
Walton Delhi sydney. Oxford, Norwich, TO Oswego,
and a branch from Norwich TO Auburn, about 10
miles The saving in distance 10 New-York over the
Central and Hudson River or Harlem Roads will be
n miles-mal,ing this route equally rs short as the
Pennsylvania Central 10 the cities of Cleveland and
Chicago This road will have double track along
the entire line and will add another to the monster
railroad corporations of the State of NewIOrk After
full and complete survey of the only routes accesS-
bic. the Montcair Railway seems to possess all the
necessary advantages of route location, ease of grade
aud capital After full discussion the Board of Drec-
tors of the Midland Railroad Company unanimously
adopted the following resolution:
Rcsolred That a Committee ~ three be appointed by
tho Midland Railroad Company to treat with the Mont.
clair Railway Company for permanent consolidation or
the two roads.
After some further preliminary discussions upon
matters of detail the meeting adjourned This move
is In the right direction.