New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1905-01-10
TUNNEL COMPANIES JOIN.
Corporation acith SCI 900 900 Capital
WM Take OUer York.

Albany JanG-'IIudson Companies OF Newly ork
City was incorporated to-day. with capital OF
sl 10000 10 construct tunnels railroads and other
enterprises in the States OF New-York and New
Jersey. The directors T. W. Walz, 7. J. J.
L4ackman, william NJ. Barnum. John A. Keppel-
man. Gilbert Ii. Montague. Herbert scoville and
George H Tower, OF New-York City; Ross A
Mackey. Of Brooklyn; William E. Kenney and
Lewis E. Waring. OF Plainheld n. J.. and a. w.
Westervelt OF EnglewoOd. y. j.
The Hudson Improvement Company is at present
constructing the tunnel OF the New-York and
Jersey Railroad Company under the North River,
from Hoboken TO ChristoDher-st.. IN this city,
snd the KnickerbOcker Improvement Company has
recently started work the tunnel Of the Hud-
son and Manhattan Railroad Company. from Jer-
sey City 10 Cortlandt-st., New-York Each OF these
construction companies owns the securities OF the
railroad company. with which il is identified, and
has 8 contract with il. The Hudson Companies
has been formed take over the two improve
gnent companies and to complete the construction
OF the TWO tunnels now unded way. 1t will also be
thu construction company for various extensions in
Manhattan recently approved by the Rapid Tran
Sit Commission OF the New-York and Jersey
Railroad Company including tunnel from Chris
topher-st 10 SiKth-sve., and up SiXth-sVe TO Thr-
sy-fourth-st and another branch along Ninth-st.
10 Fourth-aYe
Arrangements for financing the Hudson Com
pszies have been completed il was learned yester-
day afternoon at the Office Of Harvey Fisk & Sons,
wlo are prominently interested William M
1ssrnum. Of that firm. said that the permanent d.
rectors and the officers would be announced In a
few days The building OF the New-Eork ana
Jersey Railroad Companys tunnel, he estimated
would be completed in one and one-half years, and
Of the Hudson and Manhattan Railroad Company's
tunnel in two years. Upon the completion Of the
work the Hudson Companies would go into hquida-
ton distributing among it's stockholders Its assets.
the securities OF the two railway companies. which
corporations would then own and operate their
respective tunnel roads. perhaps being combined
into single company TO operate both roads
WILLIAM C. MADOo INTERESTED
Asked II William c. McAdoc. president of the
Hew-York and Jersey and Hudson and Man
haitian Railroad companies, would be prominent in
the Hudson companies. Mr.. Barnum answered:
Mr.. McAdoo viii be an important factor in the
corporation"
AS has already been published. the tunnel Of the
Hudson and Manhattan Railroad Company win
have its terminals in Jersey City under the Penn
sSya a h5r9ae station Eto an. ana IN Inis city az
Eenger and baggage facilities being afforded the
Socai fsciIiftes hes hem e1te3Ied into betyesn tBa
PENNSYLVANIA ana the tunnel railway company.
footway win be constructed to the subway Station
at Broadway and Dey-st. On the Jersey city side
NE tunnel road VIII be connected not only with the
The lines Of the Public Service Corporation. and a
sanFed al the terminal lS Of At the T ah ID
Jerseys tunnel at Hoboken. A spur. connect
F'se, extending from the Pennsylvania to the
1-ackRWanna station according 10 the present in
1ention and connecting with the Erie station
which lies between them. No binding arrange
Enent has yet been made with the Lackawanna or
. Erie. but il is understood TO be probable that
an adjustment OF the differences between the
J4sckawanna and the New-York and Jersey Rail-
road viii be effected. and the Erie also win make
ths proposed tunnel connections.
THE CARS And FARE
The 10 be operated in the two North River
tunnels VIII be similar in type 70 those IN use IN
the subway in this borough, and the fare will be
three cents the pres,u. fare for transportation
from Jersey City HoDoken by ferry TO this city
William Q. McAdOO. president OF the Hudson and
Manhattan ana the NeW-Nork and Jersey Rail-
road companies. said last night that the ncorpora-
tton OF the Hudson companies at Albany yesterday
would not result I'm any change IN the board Of
officers Of the railroad companies.
II was rumoTed yesterday that the Pennsylvania
Railroad Company had acquired large interest
IN the companies Of which M. McAdoo is the
president That report was authoritatively denied
The Pennsylvania does not one share OF
stock OF me companies. said the informant