New-York tribune., 1869-01-19
THE NEw-YoRK CENTRAL UNDERGROUND RAIL-
.r WAY COMPANY.

The officers and directors of the New York
tfsy cSn.sui undurSroupS rritr"y COMPANY hose "d
dressed memorial to the Legislature, explaining the
delays attending the organization OF ihe Company Inc
HAT 100000 should be subscribed aud 100000 placed
With tI,e state Controller acted an Incubus, and
proved achief cause Of embarrassnent and delay The
directors, however. determined that every dpgenee
should be used 10 carry ont the trust An experienced
ety suryeyor was engaged construct, from such
veys as existed any Of the city departments profile
sources Of Information. however proved facto
ard showed the absolute necessity OF making thorough
and accurate surveys. Negotiations were also enteitd
into with English capitalists, which promised 10 be
successful but eventually defeated by The terms OF
the charter
Tho memorial continues follows: At the same time
that negotiations were going on between NeW-io.k ana
I0ndop the Directors aud officers of the Company
also making efforts 20 effect arrangements IN this
country O. build the road ba the near approach OK 'he
time when the charter would become void tended to pre-
vent tcr competition As soon rs was practicable the
services of party OF competent engineers were engaged
touko thorough surveys plans, md estimates Of the
whole line of road. These surveys and examinations
have beeu OF necessity very different from those usually
comprchended In railroad projects The proper discharge
information on, and consideration of the following
nn5y With thaip work ana before they could properly
Invite persons % invest their means ~ the enterprise
F;rstTIs am underground railroad practicable III the
clty of New.York and il il the best method OF accom-
psng objects desired by tho Legislature In grant
condIs il practicable 70 construct such road under
the Limitations OF charter that confines the company TO
ccria n prescribed methods OF construction
Third Will the underground nilro9d, II constructed
prescribed by this charter solve satisfactorily and IN the
best way the problem Of rapid and safe transportation OF
passengers and goods within the limits OF the city Of
Eo,6thHif not then what amendments TO the charter
essential to insure the construction of road on the
T1b@shau the road and its appointments be limited
10 scale that will accommodate local transit alone, or
shall at conceived and executed as trunk hne
Sats branch road. tha Will be inevitably called Il this
work successful. withouia the Then existing
LGsdy, Shall the road he made so comprehensive
plan that not only present and future LOCAL trae SHAH
from all parts OF the state and country viii hnd some
Of getting TO the heart OF the city IN way tnat
Portable methods that are now enboyea Tor ths puI-
posci The number Of passengcrs that arrive III tbs oy
daily by the steam railroads IS very large aud sannualy
10 increase I does not seem % yOur meinoTiast iirt
tho prgssht m a nc 81 sg dreeoy 70 % me Xss
York Cty Central Underground Railroad Company have
sn,sred n'on o,y ,nS Min te se desire 70 M of tbsss
modern methods Tor the provision OF oapcops, heath
mi and ccnmodous conyeneneos Tor rapM n9yomento of
persons aud property in this great cty None eau he
more deeply convinced OF the necessity th1t Exists ipr
zee them, speedily provided. They have employed IN
their examinations. surveys, ana infesugauonh. az
mi f,o most approved pfacriepl skn rheso suyeys
aud examinations, oonplercd, indicate than the
aiy u, " hItpo ~ ~ n e,,,s,,in nr,ctidtiS fo~ a
d,nte.track road and generally Tree nom any soous
obstacle hkely ~ interfere wt lss e9nssruggn ~ ie.'
sonabe tine, and At reason,be v9sl Tor sosh w %
Thcy Are in part In progress and ncomplcte i ~ H
pushed completion early Is praef feabt VIA nt
Xteut and mpOranCc. They concern Tie vta points oi
tho egerpfse. its practcsbity. its Ns COST
and the character Of tho Botyo power 90 % used ~
Wond uerLaps not frauk TO omit represent 70 yoLr
honoiable body that there arc exIsung Aallereucss
~ o,l,f n pa TO the method OF iAc CD
iect ~ ohepn and rapid transit in the city bEt amend
meats TO the charter necessary TO carry ont the
ober pon Whoever may be charged with the duty of ex
ecunR IT, The directors of tho New-lork Cy Central
ifndersrouud nd Taway COnpapy have no personal ends
M nroff 3r pecunary advantage 10 gain M the exercise
NJ tber mowers They taxa them great pnblic trust
s soh only would they wln regard AID enAoayOr
10 execute them. 80
nd they deem it proper TO state that with the excel
fIon OF expenditures and liabilities hynrred IN the
necessary and Legitimate prosecution Of Heir Inquiries
for Information concerning the enterprise no obligations
or Indebtedness OF the Company exist No sale. pledge,
other disposition OF the charter the chartered rights
uf the Company any thereof has been lnads or
attempted TO be made 70 any railroad company. l0ed or
general or 10 any person corporation whatever =, !.