New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1872-01-27

onS no other by Fourth ave- or MadisOn-ave. 10 the
Harlem River, TIE extreme UNIT OF cost IL put al
A Coalition of the interests OF this project with the
New York Central Underground Railroad IL probable,
the latter being already incorporated ana possessing
franchise capable OF extension to the Unite ueseu Wy
the projectors of the Arcade who, In Their turn, aSe
large ecunary neress IN the HtocBs anu ponuS VI 'o
Central Underground Road
THE CENTRAL UNDERGROUND RAILWAY:
The New-York Central Underground Kali
way Company, incorporated by an act OF tue
passed April IT, 1862 was authorized and empowered "
make, construct and maintain tunnel ana 10 oo'-
straet operate, and use therein double1tracS f"'
and the necessary sdings and to convey pssense'''
freight aud property In propelled by steam OF o,e
power, for compensation" beneath certain spec'neu
streets avenues squares, and grounds IN tne 1
EewYork The Company was required, ~ eoh hanr;n
precedent to beginning work to secure vsd stocS and
bonds with payment Of per cent upon the fn anouhe
subscribed II further required to deposit WIN . u,
tho state or United states as pledge for the com
petion Of the road as prescribed inc % "" M
Of tho road to be begun within ore year lron
the passage OF the act Three years were asslgneu
for tie completion to Forty secondst. and rye years
duly certified to tho Controller valid, who thereupon
was Gle certificate with the Secretary OF state taa1
tho Company had complied with the necessary prenln
aries The failure OF the Company TO comply with the CON
dons mentioned 10 work An absolute repeal ana lo
feure OF their charter and the amount depcslten WIN
tho Controller was in such 10 be forfeited TO the
siukng fund Of the City OF New York.
The subscription hooks were duly oponed IN August
1853 and tho resulting subscriptions amounted only TO
$1,000 The Company was unable 10 make the feq1iIeu
deuoet nor had means for beginning tho work within
the wear It applied to the Legislature, which, by an
amendatory act passed May H. 1862 relieved the Com
paDy from any deposit and extended the time for
the CONNIE OF the work two years additionally
and the time completion to five years thereafter All
acts with the provisions OF the amendment
were repealed, and the Company was eXonerated from
any forfeiture loss OF any OF the powers rights pH
cges advantages conferred by the original act % III
WHAT WAS DESIGNED AND DONE.
Tho Company, thus resuscitated caused pfeuhI
nary surveys and estimates OF the cost or construc
ton and equipment; to be made by sful engineer VINO
recommended route which one Of those designated
finally I'm the charter: commencing at or near the CITY
Hall thence BY CITY IIa-place and Mulberry-st and
across the blocks and through Iiayetep!aco taehc
thron Oh one block TO FOurthay aud UnOnsquare. and
throut,h the blocks TO Twenty-tbird-st aud Madison
SQUARE; thence through hadBon-are. TO the Harlem
River The enginecrs further recommended that the
raIav to arched over Tor it, whole length. and es
mated the entire cost OF the road thus putt 40 S1o4ojo
The comnany had determined that these SURVEYS were
| 10 bo regarded as the proper commencement OF TIM
work. but avoid uncertainty, caused excavations 70 D.
node carIv In MAJ 1871 on the line of MadsOnaye. al
Ninety and thorough cut vas opened 70 Ihf
proper point TO commence the hcadng Oh th' t"uh'
southwardy. section OF tunnel aDlt'nenI wan WA
An INVESTIGATION into the character ana extent OF h'
work thus begun ~ practGal conpakses w , Wv
act incorporation, dseloses the facts that tn
opening Bond has been closed OF hled up thai
the cutting at NnetystXtist ~ q simple cAc i ~
u
so feet with nearly uniform width OF u feet and OF
depth varying with the slope OF the hill, the greatest
pth being about 10 feet Further than ths the wos
does not appear have made progress 10 II probably
sufficient to avoid forfeiture OF the charter; but That
| MAY become "a mOOted question.
n tx aithortatyey stated that the whole amount o.
stock and bonds of tho Company subscribed 0r "a
this date docs not exceed the sum OF s3OOOW Ihls
amount nearly all paid up and the money has been
exDendad principally in surveys and general expenses
One of tho for the failure 10 push the
work on this road is that Mr. VIM n. Tweed has stren
ousIy opposed IL and notified tho Company that ne
would not permit them to stick spade IN the gonnd
The Company tried 10 obtain ADDITIONAL amendments
to it's charter last Winter to enable 1t TO MI up th9
low ground near the Five Points and improve the
grade of the streets necessarily CHANGED NY the con
Bweeny that it should have no legislation whatever.
President OF the Company, Mr. Oliver W. Barnes Ia
an engineer formerly Chief of the Construc
ton OF Western Division Of the Pennsylvania Rail
road recently in charge OF the Duchess and Column
| bia Railroad and tao Connecticut western Railroads
Mr. Barnes is OF opinion that Broadway undersuriace
route is nearly upractcable by reason or tie engineer
ing difficulties to be encountered at Canalst. The Com
IWny Is taxing 10 additional SubsFrlp
tons the extent of S2000 600 with view OF Inaugu-
rating energetic prosecution OF Its work comlnu-
nifty OF exists between this road and the proposed
Arcade Railway aud 1t Is highly probable that these
| interests will be united.