New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1886-04-09
o. B..POTTER on THE PROPOSED NEW STREET.

o..
To the EdttOr or The Trt0une.
SIR: In this mornings issue you give curren-
cy to an unjust uspicon niopposing the
Arcade Underground Railway upon Broadway aud adj
vocating the opening OF Fourth avevia Lafayette
place Msrion-s En-st. and Chambers'st to Printing
House Square. may be influenced by my private inter-
ess or by the that the latter horou would
not pass property owned by myself desire say that
I an large owner OF property upon La
fayette.place, and zhave resided there for nearly
twenty years. and expect TO reside there Tor
years own upon the street over loo
feet frontage 100 feet of which the corner OF
Astor-placs and Lafayette-pace is extensively I'M
proved all which Will be subject to assessment for
the opening OF thoroughfare also own 100 feet
by so feet at the corner OF broadway ana fearrst
and considerable property below Chambers ST. nclud-
ing the building just erected at the ner OF Park Row
and Beekman- ST., all of which will, think be liable to
assessment for this important Improvement. My
opinion is that the opening OF this thoroughfare VIII
add very largely to the taxable value OF the property
between Lafayette-pace and Chambers-st. upon the
line OF the and for considerable dis
lance on both sides. IL Will open
magnificent street for warehouses throughout It's
entire length below Lafayetteplaco much needed,
and which will be Immediately occupied and built up
1t will also materially benefit all the property in the
lower part OF the city, we'll benefit to some extent
all the property Harlem River on the north OF IT, IL
Will furnish thoroughfare In which railway can at
he built from Printing House Squire cOhhcC'
with Forty second-street at the Grand Centrh epo',
and so with all NewTork above which In lis building
will not disturb business OF the city, except 10 auu
greatly TO It, and will not inJure any properly
upon the line interfere with the sewers;
water mains. any public properly 90, 0I
railway and shall never have My advocacy OF II Is
simply because believe IL required immediately anu Dy
the best Interests OF the city, 1t can never DO ou as
oheaply as now, be built and III operation
within two years Under tho law recently passed. known
"a the cantor bill tn, franch for railway under THIS
street OF sufficient width for four tracks VIII bring 10
the city very large annual income whie IL VIII pro-
mote the interest every business aud every owner OF
property II th, city. ,,, ..o,osoa can
not he bullt I'm less than from five TO ten years IL WI"
very materially reduce the entire renta' income Vi
broadway and Madisou-ave. thrcHghout the ehtlIe
lengtl o. the road This rental value exceeds forty NIL
lion, OF dollars annually and the destruction anu loss py
It's building will he many times the entire capta oi o
railway and when completed II Will AFFORD but narrow
dark railway totally unht LOT Tue
ance OF passengers whereas tho other road VIII oe OF
such width that central openings In the street. lnstea
Of upon the sidewalk and along the limo OF tue Dulungs
as proposed by Arcade road. can DO mtuo Wherever
REQUIRED without injury either to the Dudlngs tne
ness or the street. and thus provide adequate anu
wholesome railroad communication to the very cens'o
OF the city. $500. W. "' AO
helg- York. April ), lsso.