New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1886-03-26
UNDERGROUND RAILWAY.
A NEW PROJECT IN THE LEGISLATURE.

PLANS FOR A LINE IRON THE CITY HALL TO TIE
GRAHD CENTRAL DEPOT.
! LyRoM THE REGULAR CORRESPONDENT on The TRIBUNE J
ALBANY, March 25.-TWO underground rail-
way companies the Arcade and the New-York DlstHc'
Company are struggling in the Legislature for the pos
session OF Brosdway To-day rival appeared. Arti
cles OF Incorporation filed with the secretary OF
State for an underground road from the CITY Han IN
Now York to the Grand Central Depot In Forty
secoud.st Nearly the entire distance tho
road will be parallel with either tue
Arcade or the New York District me-
il either grasps the Broadway charter The idea OF
building such road may be said TO have originated Win
Commodore Vanderbilt. He had the plans drawn 10
connect the Grand Central Depot with the battery Dy
OF vladuct ana underground road hut thinking
that the enterprise would not "pay we'll" abandoned It,
Speaker Hustled says that the scheme has been annually
revived for fourteen years. The company whlch mas
filed its incorporation papers Is termed inc Iermhai
Underground Railroad Company" II is to have capt.
tai So 600 OOO Its road lie to begin in Chanbers-s
opposite the City Hail. pass under buildings to Reade
st. and thence TO the Grand Central
Depot, distance OF three and One-haf
miles by Elm-st.. sprlng-st Maron-st, Mulberryst,
Great Joness Lafayette place, Eighthst, and Fourth
ave- There be branch to Fulton Ferry from the
City Hail. aud thence to South Ferry and the Williams
burg ferries There is also to DO branch along East
Thirty thrd-st the Thirty-fourtl-st. Ferry: The
length OF the branches 10 be TWO and a half miles
The names OF the directors the nrst year are g. V.
$50 Fithave John Cochrane. No East sIxty.second
ST. l. W Lawrence. No 40 Nassan-st; C. ~ W. Sibley'
Of Ehzabch Robert L. Fabian, Of NO ~ West tOrty-
nutb-st Louis L. 8 Clearwan, OF Montc0lr; arthur NJ
Hatch Of No Nj l2S ESmsem IrIqSyn
ST; Eugene sehienen, OF Flfth,ave Francis NJ shep-
parG, No Is West Thirtysc yenth-st; Thomas Brown
Of No. lG7 Washington-ave Brooklyn; ogden T. fen
Amtyyille, Long Island -
Among the who take stock are J. +. Lockwood
OF No. 13s lIalseJ-sL, Brooklyn Charles T. JsnnuSs
OF F!atbush, Kings County James ~ fIsKe Oh
slauer OF No $50 ST. Hcholas-ave; Clinton stevens. OF
No. 620 Lafaycte-aye, BrOokynj Robert f. sheparI
Jansen, Of No 222 Liyngstousti j. W. Merrill, OF Gar
den CITY D. Prltchar OF No 1875 West Twenty;'eG2nd-
ST. j. W. Byrne, OF the ROssmOre Hotel, aud d L. Mor-
The Assembly Railroad Committee gave hearing this
morning upon the Arcade Railway C0mpanys Dill |
Rowland Hazard president Of tho DsrSt GG Of
the company submitted trlefs in its favor Some ono
charged that the present owners OF the road are al
counsel OF the road turning TO the venerable ex-
Judge Charles p DAILY. who flyors the road. said
81 deSge to ask Judge DAILY, without having had any
opportunity to confer with nun On the SUBJECT whether
promoters Of the Arcade Company are gentlemen
OF means aud standing adequate for such an under
Judge Daily replied: ct state of my own
knowledge that the gentlemen referred to are OF high
standing, commercially, socially aud financially and az
the head OF them all stands Levi F. Norton"
Juuge DAILY not given chance to reveal the
secretly. for ex-senator Thomas said hastily 81 didn't
ask you TO give names p1t simply to SPEAK as TO me
he Arcade road plainly greatly dsmayed by Judge
Days revelation although there was nothing as
graceful in It,
A. NJ Parsons criticised the plan OF the Arcade. assert
ing that would he difficult one to execute IL would
far take the plans OF the New York District
which did not intend to take as much Of Broadway MI
smith replied the plans OF his company the Arcade,
scientifically perfect and that they could be exc
cuted.
meeting OF the corpOrators Of tho Underground
Terminal Railway Company held At No. l4G Broad
way yesterday. Temporary officers elected and
the $4,000 raised to buy the rights ana pryi-
Ieges of the old New-York Terminal Railway Company,
OF which the corporation is practically continue
The scheme is what was originally known "a the
Vanderbilt Improvement scheme and has lived through
A number of names tho arcade scheme and
others before Legislature fail 1t is the intention OF
.L.Lrr I'm farn alLnnlA