The New York herald., 1870-05-05
Irresistible Arguments Against
the Scheme.
The Plot Laid Bare and the Under
.s miners Completely Routed.
Broadway Rescued from Destruction by
the Merchant Princes of the City.
Speeches by L. $. Jafcray, A. T. Stewart,
>Jadge Hilton, Homer A. Nelson,
Judge Porter and Others.

ALBANY, May 4, 1870.
The Broadway property owners paved the wa J
this afternoon TO an overwhelming triumph
In one grand solid phalanx they appeared OF
the State Capitol, before Governor Holman tG
protest against the III concoclcd swlnde OF crowd
Of hcariless, unpatriotic jobbers. whose feeble
attempt to defend their scheme at once proved the
utter shallowness of the plot Indignant as the mer
chant princes unquestlonably had right to be- they
preserved that calm and time.abiding aspect which
bore the stamp OF truthfulness and equity, Their
arguments were lucid as they were convincing. The
mystery OF the attempted swindle was unveiled
In all Its bold eiTrontery, Its h.dieousness.
SHOWN up with that candor and sincerity that failed
not to MAKE deep impression on the Governor, as
to the length the daring and unscrupuouD specu.
lators were willing to proceed. Truly more despe-
rate outrage was never attempted to be penetrated
Jack Sheppard, Dick Turpin and others OF that fra.
terniiy were not ashamed to boast OF their hazard.
Gus profession; but the highwaymen Of the nine.
teenth century sappear to be prudent in their
a'o"ais. Under the guse and threadbare
cloak OF progress band OF cunning operators.
VINO, IL Is but far to say, disdain to go for small
stakes-under cover OF Improvement in transporta.
ton gang Of cultivated sharpers propose to make
a wholesale plunder What frightful wreck was
imminent! 1t is indeed. impossible to contemplate
What disastrous results would have ensued had not
the owners OF three hundred millions of property
the great substantial merchants Of the wealtnest
and most beautiful thoroughiare in the world risen
to man ana earnestly proclaimed their opposition
to the infamous outrage. But the promoters OF the
scheme strange to state did not whit abandon their
andacl0us bearing. With unblushlng impudeuce
they congregated together and following in the train
OF the Broadway property owners. actually pro-
1o1 ffla0
as II New York in all the grandeur OF its vast maQn
nccnce was making TOO rapid strides, and that it was
high time It's fortunes should be nipped and
ruined. AS viii be seen by the subloined report
Their puny arguments were exceedingly futile.
THE DELEGATION
% Albany was the most influential, wealthy and
respectable that ever assembled at the State capta)
Seldom, indeed has there been such a congregation
Of merchant princes whose grand commercial enter
prsea have so largely contributed 10 the ctys mag.
ton arrived last evening at the Deavan House.
where meeting was held to determine the course
The eo @@a rcyP o s aa gseSy
lers at once aroused the energies Of the delegation
ana ine danger OF the plot being OF so menacing
the matter 10 the bitter end The follow.
ing merchants, representing over sooooOo,uSs
stcwarS Eawasa ".is isnray W Edward Estthews, &.
L. Denioid, Il. IL. Lowry, President Bank OF the Re.
Hugh Auchincloss. on behalf Of Grace church, b. L.
solomon, W. r. Hoffman, on behalf Of John David
trustee Of 5. L. ana p L. Ronalds; S. W. H. Ward,
for Cortland Palmer ana Charles A. Mason; I. Lo-
aeS qr LG or essse esa s r
Brooks, for Brooks brothers; VIM. Lalnbeer, Chas.
l. Iifany, Robert Buck, for. Pacific Bank and
for Broadway Bank stephen Philbin, o. d.
Potter, Samuel H. Valentine, representing1S NJ. Val
entine; Peter Gibson, Richard Wade Blocker Presi.
insurance COmpQUV:
$. Sutphen, for self and Leonard AppleDy; ID. B.
rearing for Trinity buildings; Charles Johnson, D.
Henry Hagnt, r. Maynard, fOr self and Equitable
Lie Insurance Company; B. +. Beekman for self anu
Shoe and Leather Bank; Edmund A. Smith, Thomas
Marshall, Ii. p Fowler, $. w. Andrews, +. II. Ami
don, Robert Carter, Edmund II. Jones, G. NJ. Ogden,
clerk OF Trinity church, in behalf OF the church, A.
Easey, for Augustus Hemenway and Eleanor K. jay;
William Astor, for William d. Astor and self; e. s.
Higgins, John Ritehle, George W. +. Lord (Lord Il
J. Moore for Henry Barclays estate; Matthew Nor
gan's. Sons; Francis A. Palmer, representing the
Broadway Tabernacle church.
Several real estate associations were represented
The committee OF the East Side Association con-
eisted Of W. A. Whirbeok charman) II. D. Batch
w. X. Martin, p. G. Weaver and sylns Clarke: West
SiGe Association, Charles Creary (chairman), Robert
Ward, Charles 7. QuacSenbosh,. P. J. Hubert ana
M. Whiibeck. The Joint committees drew up the
memorial watch - appended The committee re-
presenting the Citizens' Association OF the Twelfth
man, were Thomas McCieand, NJ. Stern, J. r.
DAILY, Charles Creafy and W. A. Whitbeck. The me-
ulSCiall5lS are Oh OPINION lnaC tne arcade
abonlnaaon is impractcape, leaving no con-
sructlve power in Inc act except TO build an under
ground railroad on the tunnel plan. Notwithstanding
their quasi objection to the arcade plan they think
tnat the proposed outrage has been msrepresented.
II is tunpel they want, Which they hope TO
struct without sappng the foundations Of the pala
trial buildings which adorn the street. They candidly
ADMIT that apprehension exists lest some serious
injury and Inconvenience VIII result from the work
or construction OF an underground railroad, and
they want to throw the onus on the Commissioner OF
Public Works. OH, The game. however was apparent
ment
cANvAssING TO RAISE THE WIND.
There was considerable futter and excitement at
the Delayan House the entire morning. The Arcade
heroes were running about the place as if wildly
groping their way through some foundation or rush
ing from the approach OF the rising tide below Canal
street. which, 1t is said, Is not many feet above the
water Be that as it may, they went around explain
ing the magnifcence Of the plan. Solid mercllan 8
looked grave and suspicious anu could not be
trapped The opposit onists held q caucus at mali.
past ten O'Clock, when the arrangements were all
PROCESSION TO THE SENATE cHAMBER.
Even " the disnterested observer tho pro cession
OF over sixty merchants TO the Executive was q
distressing spectacle. they were not proceeding
Cor charter, or to push b.ll through. They were
great tnoroughfare OF the world was in dauger,
Broadway was to be sacked and ggutted and con.
sana to not eaR Only wn Gn awH an
r2 hts but the interests Of the citizens 50 ruhessv
ana wantonly invaded. The delegation marched two
and two TO the Executive Mansion, where the gen.
tlemen composing it were introduced to Governor
Ioflman, WHO evidently made an effort TO restrain
sympathetic expression. The Executive Chamber
Being limited In space, the delegation adjourned
10 tile Senate Chamber and more respec able body
never occupied seats in that legislative hall. How
unlike the country pumpkins who not many days
since voted in favor OF measure Of which they knew
nothing and most assuredly cared less
THE PROCEEDINGS IN THE SENATE CHAMBER.
AT twelve O'Clock Governor Hoffman entered the
=. nate chamber, and amid great silence took the
sea usually occupied by the Speaker.
Jn dge HILTON arose and stated that certain gen.
fenA n had been selected to speak on behalf or the
GeeA Aaton, as 1t was not desirable that all should
rive "a cir personal views upon the subject Speak
ig as tley did for the whole line Of the street his
Exceeli.y was requested q to m the time on which
,sSueateG h vat there should be limit
Governor h0rFMAN inquired whether the request
was made on \ 'ehalf OF all the partlesl
Judge HILTON said it was desirable that there
should he a limit 10 the discussion. Mr.. Jalray haa
been selected to oper the question upon the general