The weekly sentinel. [volume] (Winston-Salem, N.C.) 1886-1887, 1886-08-19

very useful men of New York. For
years he has been in demand as an adj
wiser In bushes matters and as trustee
and guardian of great interests He
was the republican business mems
choice for Governor, but rs he could
not undertake faithful service to the
State without neglecting his own affairs
and the interests already confded to
his keeping, he declined to be candi-
date before the people. Mr.. Coe has
President of the National Banking
Association, and often called to Wash
ington to advise those in authority
there. He is a man of means and
great force and character, as well as
being progressive. E1-President Ar
thur is so we'll convinced of the great
ness of this work and of its prosperous
future that he accepts the important
position to which he was unanimously
elected.
Among the sagacious, far-sighted
men who could see through the dark
fog and doubt that surrounds every
great enterprise till it is ripened, ana
who came to the aid of Mr., Smith, the
protector at time when help was
needed, and whose assistance was so
appreciated by the protector as it is
coming to be by the people of New
York, was Jerome Fassler, of Spring
field, Ohio. Mr.. Frassler came to this
country from Germany when he was
poor boy, or young man. In Spring
field, Ohio, he found employment in a
little machine shop and soon became
foreman. Rapidly it grew and in time
he became its chief director and the
great business head of the largest estab-
lishment in the world for the manutac-
ture of agricultural implements, in
Guiding the Champion Reaper and
Mower which has taken the highest
premiums in France and other coun
tries. AS Mr.. Fassler grew in strength
and wealth his vision expanded and
he saw in the Arcade Railway idea, as
brought to the front by M. c. Smith,
not only the long desired relief to
Broadway, which is daily more and
more crowded, but great opportunity
for wealth and the benefit of humanity
as well. On careful investigation
he gave, of his time, influence and ac
cumulated wealth to the work that
other great thinkers and men of means
have since engaged in and are engag-
ing in. Thus does Providence appear
to send men and means along to
accomplish great things needed as
thought progresses and mankind in
creases. But for the absence of Mr..
Fassler in Europe, on visit to the
scenes and companions of childhood,
he would have been chosen to a prom
inent position as one of the chief Off
GERS, but on his return he will be
placed in position where his great
knowledge of iron and OF appliances
constructed therefrom can be made
fully useful to the enterprise and to the
public as we'll.
The election of Melville G. Smith to
the position of general manager is one
that adds greatly to his labor, but at
the same time is one of great import
ance to the road, as he has studied the
matter for years and knows what is
required.
Mr.. George S. Coe, President of the
American Exchange Bank is Treas
urer, Eugene w. Austin is Secretary.
Capital is coming forward even
more rapidly than was expected, and
the Arcade Railroad will be built
within two years at the minimum and
three years maximum. The first
section will be six miles in length, ex-
tending from the battery to the Cen
trail Park at 59th street and Eighth
aven,;ac. with branch from Madison
square at 2sa Street to the Grand
Central Depot.
Work will bessgun at various points
along Broadway. The street proper
vii. be covered by short brioge, AS
shown in the first picture presented
on the first page, showing the manner
of excavating the street without in
conveniencing travel.
The second picture shows the plan
of the Arcade Railroad in operation
and the appearance of Broadway
with the street new-surfaced and the
road in operation underneath.
There will be four tracks. The out
side ones for way travel and the in
side ones for through travel, as pass
engers are carried at the rate of thirty
miles an hour, or from the Battery, at
the lower end of Broadway, to Har-
lem River, nine miles distant. in less
than twenty minutes.
Ofall the great enterprises of the
aye, there is none that exceeds this. 1t
will quadIuple the value of all prop
erty on Broadway and will prove
fortune to its owners or stockholders,
generation after generation, while it
will add SO much to the greatness Of
New York City and to Broadway, as
business thoroughfare. It will prove
of untold value to those who by this
means can ride so quickly from the