OCR Text |
Show COST OF BUILDING NEW YORK -CHICAGO ROAD TO BE ONLY $50,000,000 slope of the Alleghenies is sixty feet to the mile." Mr. Kamsey, while admitting that be has foreign "financial aid to some extent ex-tent in his project, still refuses to disclose the nature of his backing or name his associates. "Entrance into Chicago is a comparatively com-paratively easy matter, ' ho s.iiJ. ''There are several belt lines there from which it is possible to lease terminal ter-minal facilities." The New York-Pittsburg line, Mr. Ramsey believes, will be constructed iu three years. NEW YOBK, Aug. 17. Joseph Earn-sey, Earn-sey, Jr., former president of the Wabash Wa-bash railroad, arrived in this city yesterday yes-terday to consult with several financial interests regarding his new railroad enterprise, en-terprise, the New York, Pittsburg & Chicago Air Line, says the Herald. When seen at his offices the railroad builder gave an interesting review of his project. "1 see," said Mr. Kamsey, "that several critics assert that $150,000,000 would not pay for the construction of a double-track road between New York, Pittsburg and Chicago. They seem to ignore the fact that I and my associates asso-ciates have had engineers' and surveyors' sur-veyors' forces in the field for three years, and that we now have franchises and rights of way for our lines from the eastern to the western borders of Pennsylvania. "Our line between Pittsburg and New York will be less than 380 mile in length, and, at a rate of $150,000 a mile for construction and a reasonable amount of equipment, which is far above the average, the cost would be only about $50,000,000. West of Pittsburg Pitts-burg the construction work will be far less expensive. After we get eighty miles west of that city we will strike flat prairie land, where we can- construct con-struct a double-track road for less than $50,000 a mile. "Our proposed . line' is sixty-five miles shorter than that of the Pennsylvania Penn-sylvania between Pittsburg and New York. The surveys and reconnoissances we have made to Chicago give us a route 100 miles shorter than the Pennsylvania Penn-sylvania and Fort Wayne, 160 miles snorter than the New York Central and 185 miles shorter than the Erto. "Our maximum grades east bound are twenty feet to the milo throughout through-out the route, while the route via the Pennsylvania grades up the western |