The morning news. [volume] (Savannah, Ga.) 1887-1900, 1888-07-23

. personal canvas for subscript ons for stock
and after we have felt the pubic pulse We
can determine whether the public mood Is
m favor Of this scheme.
"Apprlise ucnts have been made of the
property To be taken ard the ground has
| been surveyed. Our object "ill be TO con-
struct a railroad from Tarrytown, in West
chester county. TO some proper point IN the
city of New York; for example, near the
city hall. We plan a double track between
| Tarrytown and the Harlem and fOur-track
road from the Harlem 10 the lower city
terminus. The line will not be on the
street level nor in the subway, but through
the blocks right over the housetOps. We
want to buy path from the city hall to
Tarrytown, and tear down all the existing
structures and erect in their places such
buildings as different localities need
stores and warehouses and offices down
town, and fats and factories up town,
and so on as far as it Is
necessary to go. These the company will
lease. The houses win be solidly built, and
the side walls and roofs will be masonry
arches Bridges will cross the stree 5 high
in the air, so That no street win be impeded
as by the present elevated roads. OF the
four-tracked portion of the road the lower
two tracks will be devoted exclusively to
local business, and the upper two used only
for through trains. The motor Will be
steam, which is as yet the only motor known
of such proved qualities as to render it Re
yond all question equal TO tho utmost de-
mands of great I affic. Upon this road
trains of the heaviest kind may be moved
with as much facility ami dispatch aS upon
any OF the great trunk lines in the country.
''The road will be about twenty-eight and
one-half miles long, with convenient sta
tlOns, fitted with elevators for passengers.
The route runs through the blocks west OF
Broadway as far a. Fourteenth street,
| thence curving westward to between Fifth
and Sixth avenues. 1t crosses Thlrty-fourth
street at Seventh avenue, runs between
Seventh and Eighth as far as Flfty-nInth
street, thence crosses Yves wardIy through
| the blocks to between Tenth and Eleventh
! avenues between which it goes as far as
One Hundred and Twenty-seveuth street,
where it defects to the east, and runs up
between Ninth and Tenth avenues as far as
Washington Heights, whence it passes pretty
nearly straight to Spuvten Duyvil. From
there it reaches out. with an easterlv slant,
toward ArCisley and Riggsvllle, and from
! there curves to Tarrytown. The path
through the city will be TO feet wide. Two
years will suffice for constructions
"The capital is now $500, 900. IT is made
thus small to avoid excessive taxation. As
| soon as success is assured the capital will be
increased to suit the CompanyS needs. The
total cost is estimated "a $40 ,935 694, dis
| tributed in this way. Double-track road
from Tarrvtown to Spuyten Duyvil creek
as per estimate by actual surveys, 50, 1873,
435 four-track road from Spuyten Duvvil
to Park place for real estate, $50, 62S, GS4
and 500, 433 53S for building vialuct struct-
ure with 81 7l3, OH for contingencies. The
depOts, equipment. and other expenses take
| the rest of the S70000,000 The earnings
on real estate are estimated at So, 055 ,331 In
gross, and 81, 235 net The estimated
gross earnings on traffic are put at S5,010,-
3SS, and the net earnings on traffic at
SO, 153. 213.