The Elk County advocate. [volume] (Ridgway, Pa.) 1868-1883, 1880-05-06

THE ALLEGHENY VALLEY AND ERIE
RAILROAD no BE CONNECTED By 4
BRANCH THROUGH FOREST AND ELK
COUNTIES.
tPlttsburg Leader April pol
A number ofgentlenen interested in
the building of what is to be known
as the New York, Rdgway & Pitts.
burgh Railroad" which is to run
through Western Pennsylvania hell |
, a conference in Philadelphia last sat |
urday. a temporary organization
was formed 10y the election of Mr.
Charles r. Farley as President and
cX Governor Andrew G.. Curtin. VIM.
NJ. Stewart, (of b. X Jamison & Co., j
| Eugene Quaclienbtsh and Sheridan
! Gorton rs Directors, and Lucius Rog-
cis as Secretary.
The new road is to be built from a
| point near Tionesta, in Forest County
to Ridgway, in Elk county, thus con
Meeting the Allegheny Valley and the
New York and Erie railroads. This
new enterprise only involves the con.
structiOn of fifty miles Of railroad,
and when it is completed will securc
Decline from Pittsburgh to Buffalo.
The present movement is rcorganiza-
ion OF the Northern Railroad and
Navigation Company, incorporated
by the Pennsylvania Legislature III
1867, and afterward known as the
Pennsylvania portion Of the Rochester
Nunda u Pennsylvania railroad. The
new company is legally possessed,
alter due sale under execution, OF ali
the rights, franchises ana property oi
the original company. The fran
chiscs are extremely valuable, though ii
is understood that it is the present
intention to only Use that portion OF
them authorizing the building OF the
road referred to. The original com
pany had several acts passed in its in
tercst and all will doubtless be found
valuable sooner or later. The first to
organize the Northern railroad and
navigation company was approved
March %, 1867, and gave power to
construct railroad from the state
line ut or near where it is crossed by
the Allegheny riverin Mexican county
to the southern line of Elk county,
and 20 connect with the Pniiadeip!iia
& Erie, Allegheny Valley or any other
railroad AMI to construct such branch
Is in these counties rs may be deemed
necessary. This act also gives tht,
: companies power tn use nc slack water
of the Allegheny canal and to con-
s;fuct II canal III Mex can county. 1t
also authorized tnc company To Dor
row IL, ,510, Coz at Il rate not 10 exceed
seven per cent. by mortgage Oh its
works, land ana franchises" BY an
act approved April 9th, 1872, the com.
pany Was authorized to issue addit-
lonal bond to the amount OF 81 500, ,OOJ
) alta rate o! Interest not exceeding
= eight per cent A supplementary act
: 10 that by which the company had
= been incorporated was passed in April
= 1867, !or the purpose o. giving curpor-
ations merging and connecting pow
crs with New York. railroads. This
= act authorized the Northern Railroad
[ and Navigation Company to coaneCt
+ at the New York State iiuu with amy
railroad and canal in New YORK stale
ana to merge and consolidate its STOCK
franchises and property, with that q.
any other company III the state oi
New GOrk. Tne company not having
built their road and CONNECTIONS in tue
prescribed time, tnrir charter became
void had not GOverner ncary, in
March, 1870, approved an act which
extended the Tine iur commencing
the work for three years frulu the first
day OF April, 1870.
For sonIe years past this work which
had progressed SO lar as to grade sIN
miles of the proposed road, mas been
at II staudstil!. Under the present
management, ii will be pushed t.
. completion as rapidly Us possible
The connection vii! maze the dis,
tance by ran between Buffalo and
: Pittsburgh fifty miles shorter. Mr
{. II. Ear!cy, the President pro ieni.
u wealthy PniladeiplIian, l., the oW nei
of large trat KS Oi coal lands in lE.k
/ county, and these Will doautless bc
speedily developed by aid oi the ncw
T, enterprise Mr.. Rogers, the Secretary
is Deputy Secretary of Internal Il IairI
a permanent organization oi the com.
: pnny will Ue effected on the irst Mon.
( day in May.