or the construction
of viaducts or bridges are to be approved by the Board of Estimate and
Apportionment.

The Companies are required to cede to the City of New York perpetual
easements for the right to continue and maintain the viaducts or bridges
over the streets and avenues, sufficient for their control by the City
for the purpose of police regulation and other control contemplated by
the City ordinances for the case of streets or highways; reserving,
however, the right to construct and maintain, at their own expense, such
connections between the viaducts or bridges and their property as shall
not interfere with the use of the viaducts or bridges for street
purposes.

The Companies are also required to cede to the City, grade and curb,
portions of five existing or proposed streets or avenues, and to pave
portions of two other avenues.

Mr. A. J. Cassatt, President of the Pennsylvania Railroad Company, was
President of the Companies constituting the New York Tunnel Extension
until his death on December 28th, 1906, and Mr. James McCrea, President
of the Pennsylvania Railroad Company, was elected his successor, and is
now President of the Pennsylvania Tunnel and Terminal Railroad Company.

Mr. Samuel Rea, Second Vice-President of the Pennsylvania Railroad
Company, has served as Vice-President since the incorporation of the
enterprise.

Mr. A. J. County has been Assistant to the President since June 26th,
1907, and prior thereto and from the incorporation of the tunnel
enterprise served as Secretary of the Pennsylvania, New Jersey and New
York Railroad Company and as Assistant Secretary of the Pennsylvania,
New York and Long Island Railroad Company, which, as heretofore stated,
constitute the Pennsylvania Tunnel and Terminal Railroad Company.

ENGINEERING ORGANIZATION.

Mr. Rea, Vice-President, has general charge of all matters involved in
the designing and execution of the project.

_The Board of Engineers._--Before the beginning of the work, the
Management appointed a Board of Engineers which was instructed to
examine into the New York Tunnel Extension project; to pass upon the
practicability of the undertaking; to determine upon the best plans for
carrying it out; to make a careful estimate of its cost; and, if the
work was undertaken, to exercise general supervision over its
construction.

President Cassatt's letter appointing the Board contains the following
further instructions:

"You are requested