The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1876-05-10

Charles Graham, who was tho engineer OF the London
Underground Railroad Company Tho experiment Of
boring under Broadway successful. but further
progress was checked owing some adverse legislation
The nnai charter authorizing Tho work was passed IN
1874. and then The company were unable 10 get 70
being forthcoming. II was estimated that
Slu 900 600 would DO required to complete the road,
Things have changed now however; there Is rapid
transit fever and money r. plentiful for investment In
the business Az the late session " the Legislature
the charter OF this company still further amended
SO NJ 10 permit the corporation 70 issue bonds and
begin the work.
Foremost IN tho movement are several members OF
the LEGISLATURE, who own considerable stock IN the
company. AZ The time Mr. Beach sought for tho
charter ut Albany he met with vast amount OF cppo
stion, only from horse railroad companies, but
from o property along the route. In order 10
get tho bill passed no gave the members STOCK. or
promised Il, and now the holders see money IN tho
road and willing 20 help to build IT, This year tho
company was rcorgani2cd aud the trussccs are now
preparing the bonds which will BE- on ihc-market In
lew days
tax GENERAL PLAN or THE ROAD y.
will be similar tho underground railroads OF Lon
dom BY the provisions OF the charter tho nrst Sec
ton Of the railroad - begin Ut the Battery anu ex
tend northward under Broadway to Central Park with
short lateral branch eastward from Forty second
street 10 connection with the tracks Of the Harlem
River Railroad II the Grand Central Dspo-a
total distance Of about live miles As stated above.
tho total estimated cost 10 $l000O0o0, which includes
the construction OF tunnels OF the strongest character
spacious underground stations solid steel tracks cleo
trio sgnais and everything complete for the most cf
cctiyc operation The work VIII be performed under
the immediate supervision OF II board OF engineer
commissioners appointed by the Governor OF the
state and the Mayor OF the city s..-r ..s sf
HERALD reporter called upon the President OF tho
company, who feels very sungune OF the success
OF tho enterprise. He claims that the underground
PLAN though more expensive Is the only real method
Of rapid transit Underground the trains b. run al
high rate OF Speed something which VIII never be
obtained road with safety for tho reason
that the road Will DO solid, like that obtained
the earth Another great point IN It's favor is that II
will not Bjure the property u passes and Is entirely
out OF sight OF course its central location would IN
sure Its success, ana II would obtain the bulk oil tho
carrying OF both passengers and freight In
the city The President said he had in
vested largo amount of. money In
the enterprise, well knowing that the plan would BIO
successful but he could not build Il alone: therefore
he waited until tho public educated up TO tho ne
ccssity and the desrabty OF the work. The time has
come, the plans NIL prepared and tho company
expects TO got 10 work within u few weeks. t..,
OF THE ROAD.
Although $40 000, 900 seems large sum for building
Ave miles OF road II In reality small when compared
with the cost OF tho road In London which exceeded
$4,000 900 per mile About tour niths OF this duo
TO damages to real estate, caused BY cutting through
blocks OF houses and tunnelling under vaults On
Broad such cost accrue, AZ the line Is clear
through the centre OF the thcrougnfnrc and Will not
croach on private property. e<Ha.3 X