New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1873-04-25
IRON PATHWAYS WESTWARD.
REORGANIZATION OF THE NEw-YORK, WEST SHORE
AND CHICAGO RAILROAD.

REORGASIZAIoN OF THE NEw-YORK, WEST SHORE
AND CHICAGO RAILROAD.
The officers of the New " rk, West Shore
and Chicago Railroad having their Office at No % Mas
au-st stated Yesterday, that the CORPORATION had been
reorgauized with Wow 10 prosecuting the enterprise
Wills Phelps OF Springfield Mas =, has been elected
President vice ]. NJ Courtenay resigned; and James
Bell Of Albany Vice President. Those new in interest
are represented be the Hon. Norris Wlns!ow Of Water
town, y. Y; the Hon. John r. Page OF Rutland, VI;
Abraham Altman OF Buffalo; Israel G. whitney Of
Boston; John W. Phelps Of New-York Donald D..
Warren Of Watertown, n, Y; b. L, Solomon and A.
W Greeneaf Of New York John G. Kellogg Of Oswego;
II. NJ Farrell Of WATERFOWL and Z. Z. Wggin OF Boston
The contract for the building Of the road from NewYork
"a Buffalo has been made with construction company.
T1e officers further tat those interested in the
company have subscribed s2cgO0o TO the capital stock
Of the company, aud have resolved 20 increase t 20
S5,OO0,OO0 They have sent Gov. Page to Europe 10
negotiate the s!e of securities through the Amsterdam
Syndicate. Wren the road is completed u VIII be a
competing line with the EewYork Central and Hudson
River R.ross the west shore OF the Hudson River
The officials state that the Company sc acres OF
land, with great water frontage, at HobORen, where
freight eau discharged from the into ships lying
Oh the pers thus iatng the delay, trouble, and
expense q transerrBg il 10 and from ships by the
cut methods the necessity for employing which has
driven large part " this cys natural traffic TO Bos
ton Portland. aud crher Eastern cities. They say that
additional railroad aICites are essential 10 the pros
peritv.sf NewY0rk the business of the country il
increasing at that is OF proportion with the
present means Of transportation. The main lines con
nectirg the Western States with Hew-York CITY are
overBurdened with business, and the NewYOrk Central
and hudson roads abeu 20 lay two additional
! tracks.
LAKE SHORE ANn ERIE EIVALRTEs.
! The confirmation Of the intelligence Slat
M Devereaux General Manager OF the Lake Shore and
Mlrhigan Railroad, had resigned IN order TO
enter OF the Ee and the Atlantic and Great
Western Companies has caused sensation in railroad
eirclcs ana irtense Indignation among the Lake Shore
leaders and u cir adherepts Horace F. Clark President
o. the Lake Shore SAID 10 be part uarly angry et this
desertIon and trouble between the Lake Shore
and the Erie managers operated urfavoraby upon the
/ stock market yesterday.
Rumors usve prevailed for few days past tAat the
Ere Investigating Committee intended TO present bill
20 the Legislature prohibiting the formation or any closer
relations the Erie and Atlantic and Great West
e-n Railways such the leasing Of the formerto the
latter or consolidation OF both. The Erie managers
say that they have knowledge of the Committees
intention, and II 80 exists deprecate ~ ap
plication 70 them alone. They say that
II any ao this character Is passed it should b. made
general apply all the rOads Of the state, az II
would not ha far 10 allow the Newyork Central TO alb
sorb the Lake Shore other roads and yet 10 restrict
the Erie This course they say would reduce Eric 10
the level OF a local road As the Erie Committee we're
not In this city no information could be obtained from
them by reporters in relation 20 the matter.