. Hudson & Manhattan tunnels : uniting New York and New Jersey in picture and story. . Thus delayed his thoughts were turned to the necessity for somemore safe and rapid method for transacting business across the Hudson. So in hismoments of leisure—perhaps at first from a mere sense of curiosity—he began to investi-gate the now abandoned tunnel. He found that its franchise had yet about twenty-fiveyears to run, and that both franchise and uncompleted tunnel could be bought for asong. The more he considered the project, the more convinced he became that thetunnel was an absolute necessity; that
. Hudson & Manhattan tunnels : uniting New York and New Jersey in picture and story. . Thus delayed his thoughts were turned to the necessity for somemore safe and rapid method for transacting business across the Hudson. So in hismoments of leisure—perhaps at first from a mere sense of curiosity—he began to investi-gate the now abandoned tunnel. He found that its franchise had yet about twenty-fiveyears to run, and that both franchise and uncompleted tunnel could be bought for asong. The more he considered the project, the more convinced he became that thetunnel was an absolute necessity; that it should be completed; that the public demandedjust such relief as it and it alone could afford. He also realized that it was a stupendousengineering feat the difficulties of which could only be surmounted by modern a casual way from time to time, he consulted with the master minds of the engineer-ing world, and found that, if the necessary capital was supplied, the tunnel could becompleted. Then this master mind set about to interest capital to complete the tube,. Our train having arrived at the platform, let us now go aboard but the capital he sought was not to be of the high-finance kind. He believed hisenterprise to be a legitimate, conservative business proposition, and therefore endeav-ored to interest only conservative capitalists and investors in the undertaking. Heunfolded his plans and needs to Pliny Fisk and William M. Barnum, of the financialfirm of Harvey Fisk & Sons in such a straightforward and business-like way as to winthe confidence and hearty cooperation of these masters of conservative banking, amongwhose clients are numbered many of the countrys richest conservative investors. Theyoung lawyer convinced the bankers of the possibility, the urgent necessity, and theprofitable income to be derived from an investment in these tunnels and they undertookthe financing of the enterprise. The New York and Jersey Tunnel Company was organized in Februa
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Keywords: ., bookcentury1900, bookdecade1900, booksubjecttunnels, bookyear1908
