The sun., 1902-01-16
HERE ARE THE TUNNEL PLANS
LOOP STATION AND ELECTRICITY
ron 81 NJ RB4N TRAINS.
Station to ne Underground and Electric
Trains Ia Hun In Side Tunnels
holders TO lie Asked 10 Authorize
Issue OF SIS. 900. 900 More shares
stIz5 on the strength OF the Proposal
Directors Depiore the Late Disaster.

Directors Deplore the Late Disaster.
The Board OF Directors Of the New York
Central and Hudson River Railroad ap-
proved and afterward made public the plans
for the Improvement Of the Park avenue
tunnel which they have been contemplating
since the accident at Fifty-sixth street
eight days ago, in which seventeen lives
were lost. The plans include a change of
motive power from steam 10 electricity
In the side tunnels for the use Of suburban
trains exclusively and the building Of a
new terminal station. with a loop under
ground, between Forty-third and Forty
fifth streets and Park and Dcpew avenues
The directors in announcing this plan
state that at tho next regular meeting Of
the stockholders in April they will ask for
authority 10 increase the capital stock Of
the road from sl15,0oO,OOo TO $50, .Ooo
The new stock Is to be sold TO the old stock
holders at 1875, which makes the actual
amount which will be raised by this in-
crease OF capitalization $40. $50 900 instead
OF SIS, 900 900, as the mere announcement
OF the increase would indicate. II IL left
10 be inferred that out Of the money thus
raised the improvements decided upon
will be paid for. but no specific announce
ment to this effect was made. or course.
tho improvements planned will not cost
anything like so much money. The whole
rapid transit subway is costing considerably
less than that. No announcement Of the
additional reasons for raising this great
amount Of money, beyond issuing formal
statement, was made, and the directors
would not discuss the matter at all. This
is the statement:
THE DIRECTORS STATEMENT
The directors deplore the accident which
occurred on Jan s. and have the deepest
sympathy for the sufferers and their families.
The tunnel was constructed by board OF
four engineers appointed by statute. OF whom
only one was connected with the company.
and the others represented the city and state
10 be used were fixed by law. In the use OF
the tunnel, under these limitations and con
on2f om@ondations o ~ Of The % eIPerienced otncisi.
charged with the responsibility. have adopted
from time 70 time the latest and most ap.
Installed In the tunnel Under any method
OF transit whether on the surface. elevated.
tricity. the system OF signals and rules to
provide for the safe movement OF trains ls
ia dcnendent on the strict adherence TO the
rules established for their use.
The company now confirms confirm O. tne ne. nnhi,c
press that II has been pTeparins plans tot
the enlargement Of the facilities oi the Stannn
OF using the PARK avenue tunnel so as to
meet the demands Of constantly increas.
sfs ofs s'nG, trs,vellins I public The bes, method
Of inIroysmen, Spd oss he ThSh aSS,ios @ q .
Hnb.l and % tPst Rsfns ssutR R ~ y nS sb 2P
but mi. account Of the epRS,.iisfn of attain %
1tef nfter Sp tSorqueS @ investgstoH Of the sub
,tiSSs'blee % plan O Tor caring Tor the eno1mou.
passen ger traffic concentrated In the crane
Central Station would es ths icons, sons'rneG rtsrmnsI
50 that tho suburban ira ms could be opera,rn
by electricity throug h the eflstina sioe r, tuI1
appilances for underground traction. and
20 the Accomplishment OF this plan ne enort,
81 s.1 the ,TSGrid In tH. way he pa;ses.r
nearly doubled. and win tee 'IPPH56sb ',PSdnsb
,ssaeng.r and mail business can he moved
through the centre tunnel Win 1fompues.o
he rayelllng public the city and the railroad
Before determiring that electrio.l ~ .oms
other power shal be suh-ti ig&td & to' 'csu,,si
on sll trains entering th" Gtand tehusl
s,rtign II uust he demonstrat"d that thss
bu-iness car be- safely ard promptly ha9a,,sd
~ riska he experiments IN the aide tunnels
and tho underground station -.-
,I :, me- econ rgrSsy 9s' ~ 10 PSSn PSS,sh from @ s Lssi
,gra and the city authority 20 "a, pov.I oth,r
ben team GO yeiTh ~ ' os,sn Ss 'Es cESsse.
iT parf ayerus 90 a. 20 give use ~ that street
soutl - ~ tunnel m order 70 ,shgintt,,
H. en' -tr.rt o. tl.rol underneath Portions
- Iurty-'hlrt Iulu fourth ahd boIl
frh ,trrst-. rark 'and"rhlt and pepe"
Tie-e charge. usg..'itats th. Pgssehs,;s
- I,fse sgo',' sgs ~, 9l 81 oE,'i.Ih 'sS s9shas
t.r,ft,rfflr of tII. ufofrTy has elftAdN