The New York herald., 1871-06-17
THE VIADUCT RAILROAD.

Meeting to the Lower Terminus Of tho
Road-A Committee OF Conference Ap.
pointed.
A 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 desirous that tile Viaduct Railway
should have Its terminus at the South ferry instead
Of Chambers street.
Among those present were A. A. Low Edward
Matthews, Nathaniel Sands, s. b. Chttenden, II. @.
Gardiner, J. A. Cowen, J. V. Spader, II. L. Hicks,
II. A. HigIey, Charles H. Woodbury., j. Wvman
Jones. George Kemp, L. M. We,more and Paul \.
Spoford.
Mr.. A. A. Low was chosen chairman, and briefly
alluded to the object Of the gathering after winch
Edward Matthews addressed the meeting He said
that the total cost Of the proposed Vladuct Railway
was estimated at $6O,00o, 600. of which amount at
least $50 ooo, 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 the lower part of the
city should he ignored. The cost OF constructing
q line from Chambers street to the South
Terry could not exceed S400o.o0o. whereas If
the line were extended 10 Pine street only, as al
been proposed, the additional cost would be only
sl,75o,ooo. THIS sum was surely tilning 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
II. G. GARDINER said that this city had already
lost half her Brooklyn trade, owing to the lack
OF communication with the upper part OF the
city. The population OF this city was also suffering
from the same cause. :. II the viaduct Rail
was a connection TO be had with the new wharves
and bulkhead lines which were about TO be estab.
still have to be dragged through the streets on
wagons, with great expenditure Of time and money.
nne speaker 1en to argue snat the grain
by year. lie claimed that these unsatisfactory re-
suits were due simply to the perlls to which
Of insurance. All this WIN be changed
upon trains which will convey them to all parts Of
the country. Trade win always come TO that city
cam oe on @ e es
trade ana population or Philadelpha was larger
than that OF New York To-day New York mas dis;
commerce. What was the cause OF tins remarkable
development9 He believed that the Erie canal was
suilced the wants OF the metropolis. and he urged
the meeting to perseverc IN the object Tor which
Mr.. s. B. CHIrTENDEN denied that the trade Of this
island conld ever be taken away. The previous
speaker had said that the grain trade OF tins city
was deserving II for Brooklyn. IL IL were SO brook.
lyn was practically a part u New YORK, and would
shortly. he believed be still more closely Identified
could finish what she had undertaken In the
great East River bridge, and he believed that
before single toll was paid on the new bridge tnat
other. with regard to the yiaduct Railway, he did
not believe that there need be any anxiety on the
subject of It's terminus. II terminus at the south
ferry would be beneficial to the city, he had iaiih
enough In the men who had taken the enterprise IN
hand TO believe that ~ would be constructed 10 tnat
place.
The following gentlemen were appointed a COM
mittce 10 confer with the directors OF the Viaduct
Railroad in regard the lower terminus Of the road,
and also to consider any other subject Tor Which the
meeting was called:-Howard Potter, Jonathan
Sturgs, M. Jessup. John f. Williams II. Is. Hyde.
y. b. Ruggles w. III. Given, N. sands, Il. Matthews,
y. NJ SpOi0rd, 8. u. Chittenden aud koyal Phelps.
The meeting theR adjourned