The record-union., 1899-07-23
Important Steps for Advancement
Of Proposed Alliance.
Deal Concluded Which Makes Vanderbilt
Dominant In Eastern Trunk Lines.
Another Project in View ~ tho
New Venture the Projec& Of q
Tunnel Under the North River,
Directly Connecting the New
York Central and Pennsylvania
Tracks.

NEW YORK, July 22-The "Times"
says: Important steps have been taken
In the advancement of the alliance be-
tween the New York Central and the
Pennsylvania Railroad systems. AS
President Gassett of the Pennsylvania
was at the New York Centrars execu-
tive offices the day of the formal vote
for the Boston and Albany lease, and
suggestive interest was melted there
by, so no significance was attached to
the fact that President Galloway of the
New York Central was visiting Phila-
delphia-an official return CALL This
trip of the New York Centrals chief
executive to the Pennsylvania head
quarters was quietly enough conducted.
Mr.. Galloway ran over to Philadel-
phla from his summer home on the
New Jersey shore. He was expected.
BUSINESS of importance was transacted.
The new cooperative New York Gen.
tral-Pennsylvania policy is now opera
tive. President Callaway's visit con-
cludes details that practically perfect
the deal through which William X.
Vanderbilts plans become dominant in
the entire Eastern trunk line field.
Mr. Vanderbilt is at business again.
He has had conference with his chiefs
of staff. He has gone over reports
treating of matters of large conse-
quence. He has given new orders. He
is ready to- put extraordinary undertake
lngs into operation. And the trip of
President Galloway to Philadelphia
plays an important part in the long
developing program.
Plans having been arranged. on the
program of an anthracite coal railroad
combine are somewhat involved in mat
ters of policy discussed in Philadelphia,
but it can be stated upon authority
that the much mooted coal deal is still
good time distant. It's arrangement
will be closer to next New Year than
to the present date. Other Eastern
trunk line affairs do not hang upon
it, nor are they handicapped by delay
of it, as once seemed likely to be the
case
What is Immediately accomplished is,
indeed step toward the solution of
the grave anthracite troubles, but in
other ways it is much more important.
Two at least of the anthracite proper
ties are to come under the conrroi %
the New York ntral-Pennsylvania's
directors. The hand of Mr. Vanderbilt
will show clearly in this, which it is
agreed shall be one of the rrst of the
significant corporation moves about to
be made.
Another undertaking is the project
of a tunnel under the North River di-
rectly connecting New York Central
and Pennsylvania Railroad tracks-a
tunnel for which it is intimated fran
chise rights already exist. A New York
ntral-Pennsylvania authority speaks
of them as assured" The establish
ment and use of such tunnel connec-
tion would be more than the taking of
actual alliance between the greatest
of Eastern trunk line traffic.
New York terminal charges would be
brought thus to basis where New
York as an exporting and importing
port would occupy the advantageous
position never hitherto thought of, and
there. would be the charges on New
England traffic that might be in soma
way controlled. The tunnel projected
by Mr.. Vanderbilt would meet all those
transportation demands for which the
Poughkeepsie bridge was theoretically
intended. 1t was President Scott Of
the Pennsylvania by the way, who or
iginated the Poughkeepsie bridge pro-
ject. Through the use of such a tun-
mel New England could have trans'por..
tation connections improved incompar-
ably. Time between New England ana
the South and Southeast would be
greatly cut down. 1t is believed that
Mr. Vanderbilt will have another and
especially important conference in New
York early next week. coming on from
Newport to meet, among others, Pres
ident Gassett with President Galloway.
Ho11A hot off oil
statement out of the ordinary may be
made public, disclosing extraordinary
New York Central developments.