ver Bridge, as hereinbefore stated, and, for the
Long Island Railroad, Mr. Baldwin organized a new company to construct a
tunnel from the Long Island Railroad at Sunnyside Yard, diving under the
streets of Long Island City by two tracks under the East River to the
foot of 33d Street and then proceeding under 33d Street as far as
Seventh Avenue. A station was to be located at Fourth Avenue below the
Rapid Transit Subway Station and also a large Terminal Station at
Broadway. For this purpose an option was obtained on the property of the
Newbold Lawrence Estate, at Broadway, Sixth Avenue, 33d and 34th
Streets, now occupied by Saks' Store. Mr. Baldwin, however, considered
that the amount of the investment ($1,600,000) for that property was too
great for this purpose, and allowed the option to expire. The property
was sold within a week thereafter to the Morganthau Syndicate for
$2,000,000. At this time (May, 1900), the Pennsylvania Railroad obtained
a controlling interest in the Long Island Railroad, and thereafter the
two schemes became one. Mr. Baldwin and Mr. Rea purchased two 25-ft.
lots on 33d Street just east of Broadway for an entrance to the
underground station. Plans were also prepared for extending this line
from Seventh Avenue northward under Seventh Avenue to 45th Street. The
investigation and preliminary work in connection with this project were
carried out in the early part of 1900.

Reconsideration was given by Mr. Baldwin to the proposed location of the
up-town tunnels, with the idea of connecting the New York Central and
Hudson River Railroad by a tunnel between Long Island City (Long Island
Railroad Station) and the foot of 42d Street and extending to the Grand
Central Station, but nothing further than investigation and the
preparation of estimates was done on this.

In the summer of 1901 Mr. Cassatt was in Paris and was advised by Mr.
Rea of the opening of the extension of the Orleans Railway to the Quai
d'Orsay Station and its successful operation by electric power, also of
the possibility of the Pennsylvania Railroad reaching New York City in a
similar way (the other trunk lines not having joined in the promotion of
the North River Bridge project). He at once examined the new line, and
then consulted the writer in London in relation to the possibility of
building tunnels under the North River. The writer returned to New York
with Mr. Cassatt, and soon thereafter a conference of Mr. Cassatt, Mr.
Rea, an