The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1877-12-22

on IN England for que-a long time. and few months
ago was Informed that syndicate Of capitalists had
Deen formed IN London to give the matter serious
CONSIDERATION, and H. on investigation, everything
proved TO be AS represented, tho necessary capital
would be ready. They finally forwarded mo their
nrst propositions, and employed George ficknor
Curtis TO give opinion my legal right 10 the
franchise and property.
A FOREIGN SYNDICATE
REPoRrER-What was the result Of these PROPOSE
tions?
Mr. VASDESBURGH-I did not accept them. put after
making certain notifications returned them TO Lon
don, and they were delayed the voyage by tue dis
aster TO the City of Berlin.
RxroRrER-Have you hoard anything more about
them?
MIR. yASDEyBuRGH-Yes. have since received a
caoiesram from my agent saying ''modihcations nc
ceptcdi arrangements concluded"
RRroRrRR-wouid you have any objection 70 stating
the terms OF the arrangement?
Mr.. vASDEADuRGH-I think that would be rather
prcmuture. Tue company oil course incorporated
under the laws of the State and the syndicate agree
to furnish all tho money required Tor the work. They
have accepted my estimates 10 the cost Of tho work.
and also ordered Mr. George rcknor Curtis to prepare
IN opinion on the title.
CURTIS OPINION.
RgpoRrER-What did Mr.. Curtis say the subject
Mr. vAsDESBuaGu-Hc made quite an extensive re-
port. from which the following is an extract:',i am
of OPINION therefore, that this charter vas grant IN
full property OF specified right OF way right OF &C.
cupation OF the soil OF certain public streets in the
CITY Of New York below the surface by an under
ground railway Tor tho exclusive use OF tho grantee
that being declared 10 be u public use, End that
under the judicial sale above mentioned the franchise
the property of Mr.. Vandenburgh and his asso
catcs. Upon long established principles oil American
consult utonal law such grant is contract between
tho State and the grantee the property cannot be
sumod by the or granted to another Tho State
cannot deprive the owner Of the property granted,
except by tho exercise Of the power OF eminent
domain IN which case full compensation for the value
must DO Iad, in all other OF taking OF pr.
vate property tor public usc."
REORGANIZATION do you think work will be begun
MIR. vAxDESBURGH-rhat l cannot say, but expect
tho syndicate will send agent over here
everything Is arranged.
TIE CENTRAL UNDERGROUND RAILWAY COMPANY
Tho Central Underground Railway Company was
originally incorporated by an act passed April IL.
1868, to construct and operate an underground rail-
road In tho city of New York. Tho charter was
amended by q supplemental act passed May IL, 1869
1t gave the company the right or way for their main
line from the City Hall Park to tho Harlem River
IOllOWb-begluniuB
erly line Of Broadway thence passing IN front and In
rear OF the old City Hall TO Centre street; thence
under and across Centre street City Hall place
thence to Pearl street; thence Pearl street
northeastery In " curved line TO near Mulberry
street al point between Bayard aud Park streets;
thence norlherly under Mulberry street 10 Blocker
street, continuing northey to and under Lafayette
pluce Actor place; thence northery and casterly
Aston place and across TO southeast corner Of
the block between Eighth and Ninth streois, and
easterly Of st. AIMS Church TO and under Fourth
avenue; thence northerly under Fourth avenue and
Fourteenth street and under Union square thence
northerly TO Seventeenth street and Broadway, and
under tho latter to- and northerly OF
Nineteenth street, thence norhcrly, bearing cast
erly IN straight line, to and under and across
Twenty-third street to and In, under and through
Madison square, and continuing northerly In,
under, on, over and upon Madison avenue to
and along tho Harlem River. They have also the
right to construct limo from the Battery to the City
Hall and branch line from Madison square under
Broadway Fifty ninth and from thence under
tho Boulevard.
now IT CHANGED HANDS.
Al soino time prior 10 January IL, 1876 Mr. Origen
vandenbufgh judgment creditor Of the company TO
tho amount Of $102 977 rs, commenced suit IN the Su
peror Court OF tho city or New York for the fore
closure OF mortgage made by the company on It's
franchise and property 10 tho benefit OF which he
claimed to DO ontiiicd by virtue OF wrtton agreo-
ment and the 18th of January, 1876, dccreo OF
foreclosure and sale duly entered in tho said SUIT
under which Mr.. vandcnburgh, as allowed by the de-
cree became tho purchaser OF the entire franchise
and property OF tho company. Since then Mr.. YAM
out the work