The times. [volume] (Richmond, Va.) 1890-1903, 1891-02-04
THE TUNNEL 70 BE BUILT.
RICHMOND AND CHESAPEAKE TO
BE CONSTRUCTED.
That's the Way ~ Looks From the Recent
action decentralization OF the
CompsnY-Mr. G. l.. Beivin 'ic'-


action INSTRUMENTATION Of the
CompsnY-Mr. &. L.. Belvin 'ic'-
President.
The Richmond and Chesapeake railroad,
and its inlet. the Eighth street tunnel, are
likely soon to be built.
The chartered rights, &C, are now in the
hands Of sterling men who mean business,
and AZ soon as a thorough organization OF
the company is completed, work will be be-
gun on the tunnel and road simultaneously.
This is an important enterprise, and
means millions 10 the commercial interests
of Richmond
\ snort time ago nearly all the stock OF
the company was boughi-it is believed by
Mr.. II. X. Baltzell, a prominent banker OF
| New Ork- $4,000.
4 new company has been formed during
/ the past few days and a new list Of officers
chosen, with l.. \. Read, Of New York, as
president; Mr.. G. l.. Belyin, Of this city
yice-president. and Mr.. Baltzel treasurer.
| Bonds have been issued to the amount OF
two million dollars. All Of these bonds
have lately been placed with English
| French, and Northern men.
CHECKERED CAREER.
The Richmond and chesapeake road
which was never much more rhan an
organization has had somewhat checker
ed existence during its six or eight years Of
] life. The idea Of its projectors was 10 Opei
lup all that beautiful and undevelOped sec
ton of Virginia, known as the Northern
| Neck. 4 charter was obtained from the
Legislature. A preliminary survey wa
made. aud the City Council gave permits
sion for tunnel under Eighth street run
ming from the foot OF the bill neal
the lIOwitZers ArmOry 10 point between
Main and Cary. II was thought that in ad
EDITION 90 using the tunnel for the RicnmOu'
and Chesapeake road that arrangement
could be made by which the tunnel coul'
be .ased TO the Richmond and Petersburg
and the Richmo al, Fredericksburg and 70
tomac roads. The tunnel would have beer
on a straight line with t.a structur" acros
James river known rs the Petersbur
r bridge. MIR. L. L. Belyin was the frs
president of the company, and WORK on III
tunnel was actively begun, Is hole an IN
ground about two or three hundred fee
+ long atrghe northern end oi Eighth stree
will PROVE. There was some complication
however. work was stopped, and the pr0I
ertv was sold to DR.. Janney. of Pnilade
phia, ana associates. subsequently
! passed into other hands.
Mr.. James b. Pace and the T. e. Leak
estate each owned, it is said, about Sl2W
, worth rst0ck in tine old organization.
GOOD FOR RICHMOND.
The building Of the road, as was sal
above. would mean great deal for Rlcl
mond in commercial sense, for much
the business which now goes 10 Baltlmor
could be- drawn tO this city.
Among the prominent stockholders an
c directors If the new company is Nj
Scheliz. Of New York. Colonel Brooke
, of New York. who ha, nations
reputation as an engineer, is the cOn7uiun
= engineer Of the company, and Major ~wani
j. of Richmond, and Mr.. lloar are other eng
neer- who viii be employed on tine wor'
Mr. ll0ar is now in Paris, and 1t Is pro0'
. bic that he placed much OF the bonds Of "a
IT, company in that city.
J, lis rum0red that the Norfolk and Yves
10 ern Railroad Company want 10 get inf
Richmond aud will probably use efforts
% effect an entrance by means Of this tunne