St. Paul daily globe., 1892-06-16
C. P. BRANCHING OUT.
The Big Canadian Road Seek
ing a Terminus in the
East.
A New Jersey Corporation to
Be Used as a Cloak for
the Deal.
Consummation Of the EXten-
Sive Plans Full Of Pos
SibilitieS.
Western Association Men Bal
lot in Vain for a Chair
man.

NEW YORK, June 15.-Is the great
Cananian Pacific railroad seeking new
terminus? There has been no formal
announcement of the fact as yet. but
we'll Informed railroad men declare that
the boundaries of the Dominion have
been too restJeSAed for the big corpora
ton, and that preparations are DOW be-
ing made 10 run its rails through United
States territory to this city.
The Hudson River Road and Termi-
nal company was organized under the
laws of New Jersey. Its purpose is to
construct railroad, beginning at Little
Ferry, in the township of RiGgetield,
Bergen county, n. j., and ending at
Edgewater, on the Hudson river, Oppo-
site this city. The entire length will be
three miles, of which more than mile
will be tunnel through the Palisades.
The capital stock amounts to $1,000, 600,
being divided into 100 shares.
The incorporatOrs of the company
were Frederick LOvejOy. August Nj.
Wells and Charles W. Wells, of this
city; Thomas Provost. of Caldwell;
Moses j. Dewitt, of Newark; Victor
Schaller. of South Orange, and Ira Jera-
lemon. of Orange. Mr.. Schaller holds
SiXty-fOur of the company'S shares.
while each of the other eOrporatorS hold
one share, leaving Sl,993. 900 in stock
for persons whose names were not put
forward in the organization of the COM
pany.
Under the requirements of the general
railroad law of New Jersey, the COM
pany began its existence by depOSiting
$4,000 with the state treasurer. Since
then a great deal of work has been ac-
complished. River front and hill prop
erty worth 100000 has been acquired
by the corporation, and the surveys
for the tunnels are now being
made. When the terminal company
SpTang into existence, railroad men con-
cluded that its main object was an out
let for the New York, Susquehanna u
Western, which winds back of the
Palisades. and sends its passengers into
New York through traffic arrangements
made with roads owning their own
terminals. The SuS0uehanna company,
tracts. and almost any change would be
for the better.
But there is a greater corporation
terminal company, in the opinion of
many persons. The Canadian Pacific
road, whose lines now run from ocean
10 ocean. with gre9t spurs tapping the
leading cities of British America, that
are eff the main road, is said to be the
main factor in the construction of the
terminal cOmpany's short line.
Henry Day, patent lawyer, whose
office is i'll this city, and under whose
property in New Jersey the proposed
tunnel is TO run. feels natural interest
in the scheme, and he believes that it is
a move on the part of the Canadian Pa
cific road to reach New York. The
Canadian Pacific company has had fol
some time surveyors i'll the northern
part of New Jersey, ne says, and it is
evidently considering a plan of eX-
tension. 1t has not applied for any
charter as yet under the state laws, but
the surveying work done lends strong
probability to the contention that as
soon as its plans have been perfected
application will be made for right oi
way.