New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1896-08-02
THE HUDSON RIVER TUNNEL
INTEREST IN THE PROJECT ONCE MORE
AROUSED.
MORE MONEY WILL BE PUT UP By THE ENGiIsH
NETWORK FOR AIp-DIFFICULTIEs ~
PUSHING THE WORK.

PUSHING THE WORK.
The Hudson River tunnel is again provoking dis.
cussion. The English bondhoders. who have al'
ready sunk S.500.00 in trying to dig the double
tunnel under the Hudson River from Jersey city
to Morton-st. intend attempting 10 effect a reor'
ganization of the Hudson Tunnel Railway Com
pany They do not. however. propos" 10 do II
alone. At the meeting held by the bondholders on
June II last In London the chairman made this
somewhat trustful statement regarding the reor'
ganization plan:
There is one feature in 1t which | am very
pleased to see and that is that New-York oren
to supply half or the money that is necessary ff
the completion OF the tunnel"
But this said before the Chicago PLATFORM
and free silver became nightmares In the financial
world New-Yoik capitalists are not even dream
ing OF heavy investments IN reorganization
schemes at the rresent time.
The idea OF this tunnel Is credited 10 Coone'
De Witt Clinton IIaskn. who began pondsrin{
over II early in the seventies. and had surveys snS
soundngs made Colonel Haskin had been one ~
Huntington and Mark Hopkins He also enlisted
the interest OF Senator John 4 Jones ana iren
Jones after the deaths of Mark Hopkins and N''
Parke s,i!l he beId fast IN, ,ors IN III. work.
which h M besn begun isa cen
cured English capital and the work wen, on S Sou.
suIting engineers Colonel Haskns air-p 6e an
interest I'm the nt,rprise their legal represenlhs
being Frederic b. Jennings Of Stetson' Jeh""s''
Tracy & Russell 1850, 4,
In the latest effort to carry out the project "a
was expected that the 100000 capital raised Wou,a
be sufficient complete the tunnel, hut o"lns "
unexpected difficulties in prosecuting the "o WIZ
among which was the flooding OF the tunnel Wv
money was used up when 1890 feet OF Us hor,h.ss.
channel had been built and only lp ieet OF w.
southern had been completed. Worh Was SUI
pended in 1892 ~. ,oo uroaA.
Daniel Lord OF Lord. Day & Lord No Nv br, 1ss
way, is the legal representative OF tne r.,e
bondholders who reorganizng 'he Vo'"P""''
He said recently: =, ~, rr,hura
The statement already published IN The l rIps,'
az to the general plan OF reorganization !, liz
Part OF the new capital Is 20 be raiser ..i sf,sr
but no attempt to DO this will be made u S'' b, rs
the election. | do not expect that "ViA VI" ~
newed on the tunnel before winter - a. chief
Charles NJ Jacobs. who has been thossi ss .elect.
engineer the work TO be prosecuted ME- run.
ed because of his with tn" Last snce with
mel This was due 10 his extended eNpe',se arctotor.
pneumatic work. The chief dune uHIy The pneu.
encount ered has been that arising from a.
matte work On this point Mr. JACOBS a. az Lnovl.
"All pneumatic work Requires A ~ ,,bo work
edge, we'll courage. The nen -, become
where pneumatic pressure il used mn. M, A. corn-
accusto med to IT, The number OF srcn n..mL unier
paratively small and this tunn', W" IL Will
the Hudson will require from go 20 80 ,arts Of
be necessary TO select them fiom vaIi3s o, secure
the country This is why II Is diHV"" "
such men ,, -ahably NJ
As to the time when the work wouu P''
resumed. Mr.. Jacobs said: ,,, that any
That IL uncertain. | do not thinA Iii aftsr
great public work will be undertaken '
the Presidential election.