New-York tribune., 1906-08-15
RAMSEY ROAD PLANS.
WILL BUILD TO CHIC1GO.
Line To Be I08 Miles Shorter than
Others-To Cost $50, 900, 900.

Pittsburg. Aug 14.-Papers OF consolidation Of
..rae railroads in different parts of Pennsyl-
-an.a VIII he filed at Harrisburg this week
7bis viii be the formal announcement OF a
,-oiect Of well known foreign bankers. associat-
81 with Joseph Ramsey. ir.. ex-president Of the
Wabash Railroad Company. TO build low grade
double track railroad from New York to Chi
,ago by way of Pittsburg. which will cost about
s150eaoo00. Complete surveys have already
been made. and it is expected that work pre-
u1irary TO actual grading and construction next
epring viii begin this fall.
L is expected that the road viii require three
years 10 construct It is contemplated to oper-
ale 1t with electric locomotives from the begin
ming Il VIII be known as the New York. Pitts
burg & Chicago Air Line. and will be los miles
shorter than The shortest line now between New
York and Chicago.
The new Keystone Air Line will traverse the
important bituTninous coal fields Of Central
Pennsylvania now controlled by the Pennsyl-
vsnla Railroad, and will also pierce the anthra-
cite region throughout its length. It VIII nor
Only be The shortest line through Pennsylvania
but i VIII cross the summit Of the ALLEGHENY
Mountains 800 feet lower than the PennsvIVan mia.
and viii have easy curves and remarkably low
grades for mountain line
Nr. Ramsey confirms the report in a telegram
from New York 70 The Pittsburg Dispafch -
The cost Of the line between Pittsburg and New
York. AT- Ramsey says. is estimated TO he he
tween St5estpFl and S100.0D000sO all Of which
has been pledged. the bulk Of it by foreign cap
The merger papers 10 be fled this week will
provide for the consolidation Of the Indiana
Clesrfeld * Eastern the Allentown Tama0ua
Ashland and the Brush Creek & Crows Run
railroads
Nr Ramsey has not been !n New York for ten
DAYS, hut IS expected here before the end Of this
vsea. n his absence his business associates here
declined yesterday 10 make any comment on The
P'tsblrg dispatch about projected trunk line he
tween ti--s city and Chicago by way OF Pfttsbure
~ cgu5rInaTiou of the story could ba obtained a.,
this city. and Wall Street was not much inclined
70 credit IT, believing that Mt Ramsey would hard
j. be able 10 raise $100000O10 u 100000 abroad
for such project without the assistance and rec
oTr1eucation Of leading local bankers and thar
su~l cooperation II would be next 10 impossible
for him 10 get as the rumored new road would be
2 competitor of the Pennsylvania the New York
Central and other powerful systems with which
The greatest banking houses Of this city in close
relations
NJ Ramsey. since his retirement from the presi-
deH-E Of the Wabash Railroad Company, has been
ds~orug much OF his time 10 the construction of a
north and south line in Ohio. the Lorain & Ash
land Railway. i was reported a fortnight ago
f3at e was 10 take charge Of the construction of
Ire New York. Pennsylvania & northwestern
Railroad line projected to run from Bingharnton
: J.. ny way Of Williamsport Penn, 10 Pittsburg.
This rlrnor has lot been confirmed The Allen
l. Eastern and the Brush Creek & Crows Run, the
Ih~ee roads which according 10 the PittsFIrE dts
rstcn, are TO be merged part OF the plan for
creating the New York. Pittsburg & Chicago Air
Line are not mentioned In any Of the standard
manuals devoted 10 descriptions Of railway lines.
A month or SO ago there was good deal of
comment IN the Chicago press about the methods
ing electric faiIWav between this city and Chi
osEO ia selling their stock.