New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1886-04-29
THE ARCADE RAILWAY MEASURE.

HISTORY AND PRESENT STATUS OF 'H He DILI.-NO
CONVERSATION TO THE CITY,
,PRoM THg REGULAR CORRESPONDENT OF THE TRrnrNE.
ALBANY, April 2S.-The bill Of the Arcade
Railway Company. authorizing thai corporal On .
struct an underground railway beneath Broadway from
.ho Battery Park 70 Fifty-nnth' 81, or to Mad-
son square, and thence under MaiisOnave. to
Torty-second-s Il now undergoing critical examina-
ton by Governor II. io must either sign the bill
veto it before sunday. A. the Legislature will only be
IN session on Thursity an Friday he wiz nave to mako
Bis decision the bill ethor tomorrow the follow
Ing day or be precuie1 from writing ye,0 MESA 90
on the
The Governor is about snOthere1 with tho documents
for anu against tho bill that have been
raned upon him. HIS brother lawyers have not
been mcrciul. They have sent him evasp ransiy long
arguments the Besides, there rolls Of
petitions from the property In Broadway either
favoring bill protesting against the Governors
signing Il. From cursory examination or the petitions
IT would appear that large proportion o. the property
owners and occupants " stores upon Broadway O
posed to tho bill fearing that their properly will be dam
AGED or their business ned while under
construction The Arcale Railway Company have flied
with tie Governor many petitions signed by
property owners in streets crossing Broadway
or parallel with it favoriGg tne enterprise
In carefully prepared statement Mayor Grace, Con
roer Loew. President Mooney, OF tho Board of Alder
men, and Michael Coleman, President OF the Department
o; Taxes and Assessments give their against the
bill.
history OF the corporation begins with the charter
10 put pneumatic tube Ia Broadway the pOrta
ton of parcels Certain mon have expanded 1t until, In
their opinion, they construct railway beneath the
street The railroad under their present isno
given sufficient space therefore, they desire stll
further enlargement OF their charter viii pro-
cure them forty -four feet OF broadway.
what compensation does the Arcade Railway COmpany
make to the city for thc valuable franchise they thus
obtain None whatever The experience % tho past
mas shown That the charter OF the rOdlway sur
face Railway Company IL worth r5.OOOODO. Senator
Day the Arcade ball fore the Senate moved
amendment be ma ic 10 IL providing for the pay
the clty by the railroad yearly OF per
its receipts Ihis would place the
footing with AL future street railways MDderate
the compensation To the city suggested rejected
by tue other SeuatOr- The supporters OF the
asserted That the city would be recompensed by the
structOn OF receptacle Tor the gas, sewer
telephone pipes no" IN Broadway lhoy promised that
least 10000 mile would bo expended ia tho
structOn OF tins snbways for holding the pipes and In
removing the pipes 10 them
Some OF the senators who were opposed to Senator
DAILY, amendment spoke OF the company benevO-
lent enterprise Thry argued mat company with
phiiaDt hropic intentions OF providing Newlork with
| rapid transit ought not To bo harassed with
demand that thai they should pay anything TO Now