Show Railroad thicket Chicago 2SA New York gentleman and a party of engineers here say they represent a continental railroad company which intends building a double track line from New York to Chicago through tho anthracite coal regions to Akron Ohio and Fort Wayne being 200 miles the shortest route between the two cities New York 211he Times prints tbe prospectus of the Continental Railway Company which proposes constructing a double track air line road from New York to Chicago and Omaha by the consolidation con-solidation of five companies organized under the laws of Iowa Illinois Indiana Ohio and Pennsylvania Its promoters I aim to furnish a great thoroughfare for the transportation of freight at less cost and with greater case and expedition than any other line The present trunk lines it is argued wero originally built for local purpose on circuitous circuit-ous rtutes chosen to avoid expanse ex-panse or reach business centres The nour ncl Will bare Uniform IOra rail its carrying capacity ln three fold thaI of the present line The schedule proposed pro-posed is 15c a bushel for grain from Chicago ISc from St Louis and 21e i from Council Bluffs The tarifTon grain from Chicago duricg past yean has usually been but 20c a bushel The management will begin with starting eighty trains per day each way from Chicago and New York which they expect ex-pect after the first six months to increase to 100 trains daily each way The estimated cost of the Continental Railway Rail-way including itations grounds equipments equip-ments machine shops atd all property and neccsary appliances to put the road in the finest running order is 5100000 000 Prominent capitalist of Europe and America have already pledged the amount required to begin operations The 7imes says work will be commenced within a few week that contracts have actually been made for grading and construction of bridges between here I and Chicago The line crosses fiftyone railroads between New York and Council Coun-cil Bluffs and will shorten the distance of fortyfiva of these roads over 100 miles At Council Bluffs the road will connect with the Missouri River and with the Pacific Railway Although the priary idea is a freight highway it is nevertheless proposed to furnuh rapid passenger transit bringing New York and ChIcago within twenty hours of each other t |