New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1882-09-08
RAILWAY INTERESTS.
A ROAD FORMALLY OPENED.
as INsPEcTIoN oR TnE LEnoH ANp HcpsO,

AN INSPECTION or THE LEHIGH AND HCDs0N.
The Lehigh and Hudson Railroad was for.
may opened yesterday, with what modestly termed
tour OF inspection" under the guidance Of Grinnell
Burt president Of the road and Superintendent Ander
This is the first railway built through the entire
length OF the picturesque Kittatining Valley from the
Delaware the Hudson. Leaving BeIvdere, the rv-
first named IL Warren aud Sussex Counties OF
New-Jersey, and then Orange County, Sew-YOrk over
the Waikiki Valley line 10 Newburg Running parallel TO
the mountain RANGES either side Of II, and
following the OF the Pequest and
Waikiki, which rise together in SUSSEX County and how
in opposite directions TO the North and south Rivers las
they laid down the early maps The road ~ re-
markabe for s drectness OF alignment end ghtness OF
grade although tue general surface Of the valley IL
highly diversified. At Bevidere IL connects with the
Delaware Division Of the Pennsylvania roai, and at
Eastor with the Lackawanna and Wyoming the Le-
high aud the Sohuylkl coal systems. It's terminus on
the Hudson IS opposite 70 the NewYork and NewEng-
land Railroad, that all northern New England II FUR
nished with direct liDe OF trap 'portation from
The coal fields For local traffic tine company
will depend largely upon the m,nee forty or when Are
alreaoy opened along IIs immediate line. and new ones
are Deiu o discovered every week. The prospect for
passenger travel il also good The road being praccey
straight line iron Harrsourg 70 Sewburg' and having
two connections With Philadelphia
Three four loads OF gentlemen were entertained
Willie tney inspected the road nom river 10 rlyer
Among the distinguished inspectors were President
Roberts OF the Pennsyvana Rairoad President wilson
OF tue New-York and New Engla President Lt.le o,
tue NewJersey Central President Dennis OF ths United
ROads New Jersey, President Mutt OF the Mexican.
Atlantic aud Pacific, Generals Frsbie and spencer OF
the Erie President Harris OF TIE Lo.n Coal ana NayF
gallon C9npn!' TPIea 9te1 Snerintendsnt
Jackson OF The Railway Mail Service SECRETARY OF state
Kelsey, Controller Anderson and Professor Cook the
stote GeOogss
PROXIES FOR THE NEW AIR LINE LEASE.
Officers of the Boston and New-Iork Air
Line Railroad Company claim that they nave received
sufficient proxies furnish the requisite number Of
.f.-t IL. .off fla roaI IN no Ne
New.Haven and Hartford Railroad Company. The
meeting OF the stockholders OF the Air Line Road will oe
held at Mddletown, Conn, next ,sday. ihe Laws
OF Connecticut provide that railroad lease shall ne
legal except after being ratified by twothrds OF the
stock at any meeting held for the purpose Of
ratification, except where the lease Is ony for one ear
The officers Air Line say that they have proxies
not only for twohrls OF the stock likely 10 be repre-
sented at the meeting on next "Wednesday but two-
thirds Of he entire stock outstanding lhe enure
amount 35 shares. divided into 291OO shares OK
preferred and s3O3 OF common stock The vote
that the officers CLAIM 20 control Is 2s3Ji shares, or
3172 shares two-thirds Of the entire amount
outstapding An officer OF the Air Line Company said
n was 10 be expected that our common stOckhold-
ers who Will receive nothing their stock under tao
ease would oppose it, But the question 10 he decided
road TO the NewIaven Company What ale The beet
to De obtained for The property a. wAoe i.e
Line Road never coIld have earned any ,nng on US
common stock even lr the pool wish tnr NeN hafen
Road continued. as our compuiS-
yided that tie preferred stock should receive per oens
per before the common got any 5h.hs, lhe ufr
dend- when paid b. be cumulative Then mere was
the provision under the pooling agreement ioI an eA
peusive arbitration every year Ior the pupse OF ad rl
Ing the percen cs Of rhe two roAds Ihe road lever
could have earned enough 10 render THIS provision re-
garding dends lulmaterai ln conrideILs propo5
uOus for lease. Le officers did the Oest they ud
in their egotiations with the NewHayen peope 90
not anticipate any legal interference to prevent me Ia
ncatiOn OF the proposed lease. Any man OF common
sense would decide that the only injunction tnst o9snt
10 be obtained would be to prevent the CITY or Md
dletown not voting the common stock u holds ~
favor OF the The New Haven Road most p.oDaoy
will carry out plans for the improvement OF me Ar
Line property which will greatly benefit the business in-
| ierests vi that place"