New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1897-12-15
THE TUNNEL TO BROOKLYN.

PERMIT ACQUIRED BY ONE OF THE UNpE"
GROUND RAPID TRANSIT sYNDICATEs
Although there are said to be three syndicates
OF capitalists In the field prepared TO pio TOT 'hs
construction and the subsequent operation OF
the underground railroad system. II is matter
OF almost general knowledge thar so ia' '''e'.
is only one syndicate with sufficient hnahciai
sunnort 10 undertake Immediately the stupen-
dous work This combination is the one io'
which Charles Sooysmith compiled the esol-
mates and in which foreign capitalists throus"
the Deutsche Bank OF Berlin, are admit'ediy
largely interested. and which Is SAID also ="
have the support Of the Nanderoilts ana . rie'-
mont Morgan. The syndicate is prepared 10 ue-
posit Immediately the necessary So'ooo'o" guar
antsa ~ good faith. and as Mr.. Sooysmith has
declared through The Tribune. II is ready 70
carry out the constructive work for sum
which will be we'll within the estimate OF cost
made bv William Barclay Parsons. the ensi-
ra.r FOR the Rapid Transit Commission The
hand ~ capitalists who have combined TO con-
s,ruct the road are waiting before submitting
their bid merely for the decision OF the Appel
late Division Of the Supreme Court In the
mean time the utmost secrecy is being observed
as n the names OF the men who go TO make up
the syndicate
r. was learned yesterday that the members
~ th,s combination beyond their powerful man.
cial standing and the resources which they have
ar their command TO carry through the UNDER
ground scheme are In a position also TO insti-
tute a more comprehensive system OF rapid tran.
SIT than has yet been evolved by the Commits
s,oners The syndicate has obtained control OF
the enterprise for tunnel under the East River.
running from Furman-st.. In Brooklyn, 10 the
vicinity of Ann-st. and Broadway. in this city.
n
waterfront for the reason that II belongs to the
nor, ~ New-York Therefore. the action OF the
NewYork municipal authorities in granting the
nsrmit for the building OF this tunnel VIII DO
valid after the various parts OF the greater city
are consolidated on January l.
On August g. 1896, the New-fork Board OK
Aldermen granted application for permission %
,o construct this tunnel On December 20. 1880.
the Railway Commission granted similar per-
nit Therefore. the syndicate OF capitalists De,
80 referred TO- which has obtained the control
or this franchise. is advised by Its counsel tnat
II can go ahead and build this tunnel without
making further application or any Klnd 10 any
authority. The present municipal authorities OK
Brooklyn have nothing TO do with the proJecI
because they have no jurisdiction over tne
waterfront at the point at which the PROPOSED
tunnel Is TO enter Brooklyn. Neither VIII the
authorities OF the greater city have any controi
over the scheme because the necessary priVneses
have already legally been granted. This tunnel
Is q separate enterprise from the one wnlcn the
Long Island Railroad Company INTENDS 10 open
in connection with its system, from Atiahtc-aVe.
in Brooklyn, 20 the lower part or Manhattan
Island
When this tunnel between Ann-st, New-fork
ard Furman-st. in Brooklyn. was hrst mooted
a. VAS question whether 1t could be built
AS 70 connect directly with the surface-car lines
in the neighborhood of the New-York Postoffice
or should be so built as to connect Win the
rapid transit system below ground Either
course is open to the syndicate. II the rapid
transit plan should be defeated by the efforts OF
people whose interests are opposed TO II, there
a IL. hat he
ceed with the excavation of the tunnel But
II will be apparent to most people how superior
would be the advantages Of the tunnel II It's
outlet in .New-York could be connected with an
underground rapid transit service