New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1870-06-30
A NEW coal RO1D.

I'm the matter of coal, our railroads leading to
the mines of Pennsylvania been arranged as 10
conne our supplies virtually to the product Of the Lehgh
and Scranton egons which in their turn is all controlled
by "A combination producers working III harmony Win
the object of controlling this immense market
and keeping out all competition.
But the end Of this monopoly really seems to be
approaching. new railroad is projected across the
State Newersey, and TO the vast coal fields beyond
the Delaware and is I'm fact already process of
struction which will not only create rival transporting
line by reaching into the Schuylll REGION open 10
This market new field of supply hitherto closed against
ma by the Vaccinations Of powerful railroad monOp
oily. the philadelphia and Reading Company AZ least
two roads have heretofore been projected from TINS d-
rectiOn into Schuykill County, Pa, and some head
way made IN tker construction; but inc KeadhB Son-
pany with its capital Of S5 100000 has been
able to buy up the franchises and stop the work NOW,
however the approach is made from more distant ana
secure base with assured capital and franchise
so valuable that it cannot be controlled by the Reading
OF any other rival company.
THIS new approach ID by the New7Jersey west Line
Railroad, a Company which, after several years Oh
perseverng effort, and by procuring IT'S franchises IN
peicemea has finally secured charter Tor fo.tt
extending continuously and 10y short llne IRON Jse
Hudson to the Delaware. The final legislation required
to complete this franchise procured from the New
Jersey Legislature last Winter, when the Company AZ
once organized and commenced work and 50 energetG
have been their operations that aready Ie route Is an
surveyed and contract let for its construction ana the
first 30 miles Is about ready for the IRON which IS oeng
Fall OF road will be in actual operation
The WSst ne ta ro%e of the CsSra
and Morris and Essex Having in view from the outset
and easiest route TO tile coal nelds IL mas
avoided the Emergencies Of the old roads for local bust
ness seeking merely tho str9ghteSt route with the
been discovered that is thirty miles shorter than the
Morris and Essex, aud from twelve 10 hteen shorter
than the Central with much easier grades tn exist on
able dangerous curves The line leaves the Passaic
River at Newark in course almost que west, keep
the headwaters OF the Railway River than the
Morris and Essex, which road it crosses twice-onee
above and again beneath tie grade-in reaching the
The Company has charter for bridge the Del
at Milford from which point proposed 10 con-
struct road direct Allentown, about 10 miles distant
in continuation Of the general direction OF the main
road further extension IN the same direction beyond
ye the very heart Of the famous Schuyk coal region
Negotiations for such continuation OF the road are now
ON Tuesday evening the president directors engineers
and contractors of this new road met number OF Penn
syvana capitalists Interested in the Sehuylkill region
ut the American Hotel in Allentown sumptuons sup
per spread for the occasion. which was described AZ
scarcely inferior TO Sir Morton Petos famous railroad
banquet given years ago at DemOncOs in this city
After full justice had been done TO the solids and liquids
organized, with Col c. b. Mcknight President Of Of
the National Banks of Reading. in the chair The Hon
speech Mt Isaac EcEert, MT II, s. Eckert DIT. DlIlsI
Luther all of Reading and other capitalists ~
the 5chuykl Valley present and psrticpatea ID
,- r,rsl. the result of which was dotelnnhoh ,b ~
press forward and seize this immense eac wne tHo
opportunity was presents... ----.zs., =.
capitalists of this city and residents along its ne and
has fortunately escaped the clutches of the professional
Iagsatre the townships through which the road passes
are authorized TO exchange their bonds for its stock and
number them have done to the amount OF 100000
each. John H. Anderson, esq., OF Somerset CO., N. J IL
President Beverley O. sanders, esq, secretary jarvis
Johnson Treasurer, and j. ID. Bassnger Chief Engineer
aud Vice President.
The Directors are John II. Anderson, j. b. Bassinger,
Joseph Award, of Elizabeth; Samuel b. Smith of New
York Jarvis johnson OF Union County, N. j.; Fred W.
Caggill OF WORK; William j. Osborn, New.York
Samuel H. Bassnger. Union County, and John Van Nest
Somerset County n J. The contract for building and
eGuippng the whole line the Delaware River INCLUDE
hid aOvnr hat riv
Hanford Co.. who required TO have the entire road
in running order by the 3st Of December 1871 This firm
is composed Of Mr. f. HanfOrd Nicholas Hunter OF the
Maselem Iron Works. Berks County Penn, and Caleb H.
Main OF the firm of Malin d Dundare, iron merchants
Philadelphia -,
For the present the eastern terminus OF the road will
remain at Newark though negotiations are pending for
running arrangements to the Hudson RIVER over one OF
the existing roads. Ultimately the West Line road VIII
bud road of their 90 Jersey City All the bridges
culverts embanknents, &C.. building, with view
10 accommodating double track, though the second
track will not be laid until the first Is completed
throughout the full length of the line