Morning journal and courier., 1881-03-22
RnilroadR Rumors.

Yesterdays Boston AdUertiser, under the ' caption 'tThe New Line to New York, :" says l A dispatch from New York on Saturday af ternoon stated that President Bliss had not yet closed the bargain with the Vanderbilt people for the new line to New York, but ! there is no reason to doubt a favorable issue of the negotiations. The distance from | Springfield to New York by the proposed line will be four miles shorter than by way of Hartford, and will have few curves and easy grades It is expected that trains can be run between Boston and New York inside of five hours and three-quarters. The New Haven and Northampton, or Canal road as it is called, is now single track extending from New Haven to Williamsburg, and by it's new branch to Turner's Falls and Bardvell's Ferry on the Tunnel line It has a capital of $2, 2,500,O0 and adebt of $3, GOO, 900. It earned last year dividend of four per cent, which was not, however, declared. It has, in fact, boen the policy of the owners for several years to turn the profits eff the company to
 the improvement of it's property. The stock IS mainly in few hands, the largest owner
 being Joseph Sheffield, of New Haven, foun- der of the Yale Scientific school, and it is now in the market. It is probably held at some thing below par.
 Concerning the rumor that the Consoli- dated is thinking of abandoning it's use of the Grand Central depot and of entering the city by the way of Second avenue, an asso- ciated press dispatch of yesterday says as follows
 It is rumored that the New York and New Haven Railroad company has recently been privately negotiating with the Manhattan FL evated company for @ connection into this city over the projected bridge at Second av- enue and Harlem river. It is said the New Haven company will probably extend it's in dependent line from Port Morris to the river this spring in order to make this connection. The project has advanced considerably of late, owing to rumors that Vanderbilt has become largely interested in the Boston and Albany roads opposition to the New Haven company.
 Yesterdays Hartford Cowont says s.Al- though there is nothing yet in the shape of authoritative information, there appears to be good ground for the report that the Bos- ton < Albany railroad is to dissolve it's con- nection with the Consolidated road in run ming through trains between New York and Boston. However, as two years would be required to effect the revolution on the plan proposed, residents of this section need have no solicitude on the subject, and so long period as two years may witness the upset ting of the new scheme, or it's material modi- fcation. The Springfield Republican and the Boston papers, have given much space to the matter, ana appear to nave der1Yed their 1n- formation mainly from the officials of the Boston and Albany road, which has recently fallen under new management. The new route proposed contemplates track from Springfield westward to a connection with the New Haven and Northampton road at Southwick; thence to New Haven, and by new parallel road to White Plains, New York, on the Harlem road, by which the trains will reach the Grand Central depot. According to current reports, a principal in the report ed change is the railroad magnate, William H. Vanderbilt. This gentleman is stock holder in the Consolidated road to the amount of a million dollars or so, and he also con- trols the Harlem road, through its lease to the New York Central The storyis that Mir. Vanderbilt has been dissatisfied with the managers of the Consolidated road because of the facilities afforded the New York and New England road for bringing it's freights over the road from Harlem to New Haven This freight business, coming from the Penn sylvania Central road, it is reported, was re- garded by MT. Vanderbilt as an encroach- ment upon the New England traffic of the New York Central road
 s1The distance from Springfield to New York by the proposed new route will be 132 miles, or four miles shorter than the present line, and 1t is proposed to have a double track and run trains through from Boston to New York in less than six hours. There is also some gossip about cheap through night trains at