The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1871-06-17
THE VIADUCT RAILROAD.
A Meeting to the Lower Terminus Of the
Road-A Committee OF Conference Ap

Meeting to the Lower Terminus Of the
Road-A Committee oil Conference APP
pointed.
meeting OF merchants and bankers was held at
the Chamber or Commerce yesterday afternoon, in
answer to call issued by prominent merchants OF
this city, who are DESTROYS that tile viaduct Railway
should have terminus the South ferry instead
Of Chambers street.
Among those present were A. A. Low Edward
Matthew's, Nathaniel Sands, $. b. Cnittenden, II. G.
Gardiner, ]. A. Cowen, J. V. Spader, II. L. Hicks
II. A. nigley, Charles II. Woodbury., j. wvman
Jones, George Kemp, L. NJ. Wetmorc and Paul \.
sponord.
Mr.. A. a. Low was chosen chairman, and briefly
alluded to the object OF the gathering after which
Edward Matthews addressed the meeting He said
that the total cost of the proposed vladuct Railway
was estimated at 100000, coo. OF which amount Ut
least $4,000 900 would fall upon the taxpayers. lie
could not conceive why railway should end at
Chambers street. why the interests OF tho thou.
sands carrying business In tile lower part of the
city should be ignored. the cost OF constructing
ferry ' could H not cXcead siooo.ooo. whereas WI ASH
the line were extended 10 Pine street only, as hi al
been proposed, the additional cost would be only
Si,750,000. THIS sum was surely tll1ing when COM
pared with the interests at stake. An additional
argument In favor OF the extension OF the road TO
the Battery was the project OF establishing the Gus
tom House, bonded warehouses, &C., upon the
water 'front.'
IL. "
lost half her Brooklyn trade, owing to the lack
OF communication with the upper part OF the
f Iy tine the sSme cause S ,Ss ViaJust RAM
road terminated at Chambers street how
was connection to be had with the new wharves
and bulkhead lines which were about TO be estab-
lished OH the river fronts The merchandise would
stu have to be dragged through the streets on
wagons, with great expenditure OF time and money
The speaker then proceeded to argue that the grain
and the coast trade were steadily decreasing year
by year. lie claimed that these unsatisfactory re-
all goods brought to this CITY. were ex-
he n,s sea WIN and Se the eap Sosi
when goods can be taken from the ships and placed
upon trains which will convey them to all parts OF
where 1t can be carried with the greatest ease,
rapidlty and cheapness. Seventy years ago the
than that OF New York. To-day New York mas dis:
tanced her rival in every branch OF industry and
lie believed ss the Erie canal was
the sole cause OF IL; but the Erie canal no longer
suflced the wants OF the metropolis and ne urged
the meeting TO perseverc IN the object ior winch
Mr.. s. B. CHIrTBNDEs denied that the trade Of this
island could ever be taken away. The previous
speaker had SAID that the grain trade OF this city
was DESERVING IL for BROOKLYN II u were SO BROOK.
shortly he believed be stH more closely identified
with It, He dld not believe unat sen br o. ya
could finish what she had s Ssayen ,sa e
before single toll was paid on the new bridge tnat
the TWO cities would be part and paIce, OF ea AL,
not believe that there need be any anxiety on the
subject of It's terminus IL terminus at the South
ferry would be beneficial TO the city, ne mad iaith
enough In the men who had taken the enterprise In
hand TO believe that II would be constructed 10 mat
place.
The following gentlemen were appointed COM
mittce To confer with the directors OF the viaducL
Railroad In regard To the lower terminus Of inc road
and also TO consider any other subject Tor wich the
meeting was caied:-Howard Potter, Jonathan
Stnrgis, M. Jessup, John f. Williams, II: Is Hyde
y. II. Rugges. w. II. Given, N. sands, r. Matthew's,
y. N. SpOh0rd, $. u. Chittenden aud kova phelps.
The meeting theR adjourned