New-York tribune., 1870-04-29
THE ARCADE RAIL WAY.
PROTEST OF PROPERTY OWNERS - SlO0,0OO,OO OOO
WORTH OF PROPERTY REPRESENTED.

PROTEST OF PROPERTY OWNERS - 100000, 600
| WORTH OF PROPERTY REPRESENTED.
| A meeting was held yesterday afternoon in
Mr. A. T. stewarts downtown store to take action in
relation to passage by the Legislature of the Arcade
Railway bill. Among those present were Messrs. A.
Stewart William Baxter, ID. NJ. Ogden representing the
Trinity Corporation) John David Wolfe Edward f. Jaf
fray c. c. DctmOld Peter Gilsey, John X. Lawrence,
Edward Matthews, Joseph Sampson, e&-Judgc Henry
Hilton John @. Jones representing the Chemical Bank,
T. H. LOwrey representng the Bank Of the Republic),
ex,Judge Roosevelt and many others.
Ex-Judgc Roosevelt was called to the chair and ex-
Judge Hilton acted as Secretary.
The Chairman explained the provisions Of the bin at
considerable length, claiming that trick ran through
all of the provisions, and he asserted that he effect OF
eXcavatng Broadway for the purpose OF building snCh
road as the bin called for would be most disastrous
to the interests of all propery-owneIs OH me lne OF
Broadway, and would be calamity that would be felt
by the people of the city generally.
Mr. A. 7. Stewart followed, calling npon those directly
have the interests of the city at heart to oppose this
plan of "scooping ont Broadway. The bill was mon
lne M Ppsni NJ ftn anu CI,a yations
sary to be made in order TO construct the road
would necessarily stop all business upon the main
Of sreet time ei WE Would dS IMPEDE travel on the
streets crossing Broadway at right angles, and would
greater portion the resident floating population of
this great metropolis. The charter for the road had
had been granted to men, many of whom were compara-
lively unknown to the public While others were men of
uncertain means and therefore, there was no certain
guarantee that, providing the scheme feasible and
desirable IL would he properly carried into execution
These men had been given almost unlimited powers 1t
being merely matter of discretion with them to how
far they would abuse those powers to the dernent OF
propery-0wners and others interested. They had the
power the finest street in the world into heap
OF ruins, and to keep it in that condition, prac-
tcay, as long as it suited their convenience
All propertyOwners, directly or indirectly in,
juriously affected, and citizens generally, should
combine and organize in an effort TO defeat this
before Gov Hoffman Wednesday next to oppose the
h OF this yan9Gs p9ef e bheeyfa
as fair and upright man. that he would promptly veto
the bill on becoming fully aware of the dangerous ma
ure of the provisions and thus save the city the lasting
disgrace and injury that would he caused by attempting
there was an earnest and Determined opposition to the
bill, made by large class of citizens whose motives
afixing his signature to it. He would like to all
those present and as many moro as could possible leave
there if his health permitted and he hoped that the prop
ertyowners of the city would be well represented
and strength Of the opposition existing in this great city
against the Arcade Railway bill.
in his denunciaOns of what he called ga vainols aud
rascally scheme to destroy Broadway" He than
nnuated that the character many OF those
in this peculiar enterprise not above suspicion and
taken TO push through the Legislature. He
sorry to find some decent men, who ought TO be
Of this measure. He believed that if the property
owners interested were properly represented before
Gov Hoffman on "Wednesday next III such numbers and
character would testify the real extent and nature OF
the opposition TO this BILL the Governor would not sane
ton il.
Mr.. ID. NJ. Ogden who represented the Trinity Church
cOrporation spoke upon the nature of the scheme
affecting Trinity Church That portion of the railway to
constructed in front Of the church building could
built without producing serious damage II absO
lutte destruction To the church spire of the
excavations necessary to be made. The Trinity corpora
ton would certainly oppose this scheme they always
had opposed legislation injurious TO thom and not war
Tanted by public necessity by appearing before the
proper authorities, represented BY the yestrymen and
legal counsel, IN opposition 10 this measure
Other speeches of IA similar tenor but particularly
ating the property owned by the speakers, made
by Messrs T. = Jaray Peter Giscy, and others. Those
present seemed very much In earnest in their action and
there can little doubt that bitter fight viii he made
against the bill in the Courts providing the Governor
veto it. IL estimated that those present
represented property worth slO0,O00O0O, and
marked the property would be cheap at that figure but
would he worth half that amount If the provisions
the Arcade Railway bill carried into effect"