Morning journal and courier., 1883-09-24
IE 1zsa asnzG 44 a Szs iSuaraaI aaO Guurier.
Monday, septe1nber "A, 1888.

F THE INLAzD RAILROAD SCHEME.
 The latest New York and Boston Inland
 railroad scheme is fine affair. This rail-
 road Is to connect the two great cities by g
 line forty miles shorter than any of the lines
 now in operation. The road is to have a
 double track, there are to be no drawbridges,
 and trains are to be run between the two
 cities in less than four hours without stop,
 The contract for building the road has, 1t is
 said, been made. The whole world has been hunted over for the contractors, and they
 were finally found in Russia. Their names
 are Samuel II. IaRa-and. WE. Macon Mo-
 Carty These gentlemen have, it is said fur
 nished evidence that they have the capital
 needed, and have given satisfactory bonds.
 They have contracted to begin the work
 within three months from Sept P, 1883,
 and complete It within three. years The
 amount of capital required of Messrs. Linn
 < McCarty, under the terms of this contract,
 is understood to be about $30, ,Oo0, GOO. The
 work of construction will, it is declared, be- gin next month at both ends of the line stand
 it is the purpose of these capitalists to build
 better road than has yet been put in oper-
 ation on the globe. :" And much more of the same plausible and rosy nature. -.e- ,s-
 AIreporter of the Boston Herald has been looking up the records of the two great capi- talists from Russia who are to furnish thirty millions or so to baild this new road, and his discoveries are inter- esting. Among the brokers end bankers of Boston little could be learned of the Rus
 est ,vrnill H,4k
 bers of the stock board and other financial kings were inclined to be suspicious as to their real intentions and standing. Further search brought out the fact that both McOar- ty and Linn have been engaged in several af- fairs in which they have not displayed great honesty. Linn has. it is charged, been living in Paris with Mrs. Wilkinson. few weeks ago letters were received in Boston stating that he was about to start for America to en- gage in some gigantic railroad scheme In one letter 1t was surmised that perhaps Mrs. Wilkinson intended to furnish him some ready cash, but as she was known to be in clined to hold on to all she had, and as the speculation spoken of would require millions, the writer could not imagine where the requir- ed money was coming from. The next heard of Linn was of his presence in Boston in con nection with the scheme to build the New York & Boston Ialand railroad It was claimed in another quarter that both Linn and McCarty just now were supplied with cash to bloom" the proposed road by persons interested in certain blocks of superRuous stock @ aass
 But however much or little there is to Mo Oarty and Linn, or to the scheme which they are said to be booming, one thing is certain, and that is that there is no need of a new railroad between New York and Boston. The New York Evening Post puts the case as is is when it says The proposed new line. which must be very expensive one to build, can look to nothing but the further subdivision of traffic too small for the existing lines-for although the pioneer road, the New York, New Haven and Hart ford is profitable one by reason of the for ty years growth of the cities along it's line, the latest competitor, the New York and New England, has only recently emerged from bankruptcy and is still in the struggle for sx A new line will take nothing away from the steamboats, since these depend upon night travel entirely, and can always carry at lower rates than any railway. The signif canoe of this particular enterprise, however, would be small were 1t not another symptom of fast spreading disease, which bids fair to end disastrously for tho holders of railway securities. The route between Chicago and New York, for instance, is provided with 9 per cent. more railways than there is paying business for, taking good and bad seasons together. The route between New York and Boston will have B per cent. more than is neeaful if the proposed new line is carried through.