Show NEW YORKS BIG TUNNEL I Will Be Built By Foreign and Gotham Bankers New York Dod 11It was learned last night that a big syndicate of New York and foreign bankers had been organized for the purpose of building the underground tunnel and that it had not only let all of the contracts but it had arranged with the Carnegie company for the iron and steel besides be-sides completng all of the other arrangements ar-rangements such as the deposit of 5000000 in cash to be made with the commissioner says the Herald today The syndicate was counting on a decision de-cision being handed down by the appellate ap-pellate court division of the supreme court approving the plans adopted by the rapid transit commissioners which I is necessary in lieu of obtaining the consent of a majority of the property I owners along the line The appellate division however did not hand down a decision so that the rapid transit commissioners com-missioners will not have an opportunity I opportu-nity to award the contra 4 before the close of the administration i I |