New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1881-12-07
RAILROAD NEWS.
A CHANGE OF MANAGEMENT.


AND NEw-ENGLAND RAILROAD.
BOsTON Dec cat the annual meeting Of
the stockholders Of the New-YOrk and New-England
Railroad, held here to-day 1859, out Of 10000, votes
cast for The Board of Directors follows Jesse
Metcalf Jay Gould, Sidney Dillon, Cyrus w Field W. t.
Hart James H. Wilson, Jonas H. French, Eustaee G..
Fitz George b. Roberts, II. J. Jewett. l.. b. Cannon,
Frederick j. Kingsbury, r. suydam Grant and Henry L.
Higgnson.
President Wilson made address, in which he spoke
OF the present needs Of the road double track
and increase rolling stock. He quoted the opinion
Of Mr.. Could who was of the largest
stockholders. that the road was now In condition TO
earn $6,000,00O easy II now earns $3O0OOOO In
regard to the policy TO be pursued concerning competing
roads, General Wilson said that the company did not
propose 20 adopt rates which would be rIinous to
the interest of the stockholders OF the road
In regard the changes in the Board Of Directors Cen
eral Wilson said lit meant simply this-that should
have dOublerack steel road fully equipped from the
heart OF the city of Boston through principal cities
to New-YOrk, and also TO the Hudson River We mean
to Ice conservative though 1t may be slightly aggressive
and we believe the blood brought into Board OF
Directors to-day will greatly rebound TO the advantage
of stockholders" The following resolution adopted:
WheTeaS This company now has a co npeted unbr0ken
line Of rails from Boston and Providence TO the Hudson
RIVER constituting one OF the most valuable railroad
properties In the United States and whereas this road
cannot adequately serve its patrons nor promote the
largely depends, without facilities in every
respect equal TO those OF its rivals; and where
able elements Of the railroad carrying trade between
Boston and Providence New York City. and Ia
and retain fair proportion OF this business requires the
control Of continuous double track railroad for the en-
tire distance under one MANAGEMENT.
Is therefore voted That the Board 81 Directors OF TINS
company hereby requested I" take measure secure
10 the company either by lease purchase or construc
ton. line OF railroad from point tue CON-
petcd road Of this company 10 New-GOrk city.
II voted that the Board Directors elected to-day
choose additional directors, that the Board shall
consist Of nineteen members.
call was made for jaw Could to which he responded
by saying he would his speech till they had paid
dividend. Short speeches were made by Russell Sage.
Cyrus W Field and others, and the meeting adjourned.
The directors organized and made choice Of the fol-
lowing officers for the ensuing year: President, James
H. hHsou; treasurer, George IS fhIPrfi secretary,
James ". Perkins; executive committee JAY GOad, lie
Grand b Cannon, Jonas H. French, William |. Hart and
James H. wilson: ex-olhlo. The New-1Urk party re-
turned nome on the 1 O'Clock IRAN.
Mr.. Gould ami his friends IN the new management,
VINO went to Boston 10 attend TINS meeting were not ex-
pcctcd to reach home Gr'l u late hour last niRbt.
Eight of these directors are TO the board: Jay.
Could, Sidney Dillon Russell sage. Cyrus W. Field,
Eustacc G. Fitz Henry l.. HEGu,on, Hugh j. Jewett
and George i. Roberts They take the places OF w. q.
Tyler, Samuel A. Carlton. john Goldthwat Thomas
NchcrsoH audS. b. Allen, Boston; g. Il Pomeroy, Proy
dcuce; Marshal Jewell, Hartford; und George p.
Carter, Cambridge. The present change OF
Swallowed for several weeks has assumed large
importance. The fact that the presidents OF
both the Erie and the Pcnnsy lvania Railroads have
scented to take part in it il likely 70 make settlement
of the existing warfare between the trunk line railroads
still moro difficult task than IL ha, been heretofore
The work Of completing the road 20 the Hudson River
ha, been substantially completed. At FshSiu, connec-
ton il made with the Erie, aud practically with the
Pennsylvania system. These roads, therefore,
VIII have almost uubroken connection with New
England by route independent Of the Van
dcrbrt lines The division of the New-Enclaud
business has been n seriois obstacle in the settle
mcnt ~ the trunk line and the acquisition Of
line To- New England, which may he made an important
connection viii not lessen toe difficulties OF settlement.
IL Is understood, moreover TO be- part Of the plan OF
the mana cement To- make the rUau through line
hctwr,u Boston and New York At present connection
ia made at Brew-ter's with the NcwYork CITY and
Noucru Railroad. but no through trains have yet been
run trains ~ the New York and New England
road have reached NeN-lork by the New FORK, New
Haven and Hartford road, and the former directory long
ago proposed to Lease the New-tiayen road, but no
cement Of the kind has thus far been made. II Is
said that tie management cOntempatcs the build
lug OF line IOm Danbury, some other point on
the line. Nrw-NOrk, where 10 viii make connection
with the Second Avenue Elevated Railroad by
throwing a bridge the Harlem River.
Haven road. tine same connection VIII be made, II
~ said ~ detecting tine New Haven road to the ter
minus the second Avenue ROAD II these plans should
carried ntO effect, the New England road would gain
second Aycuuc Elevated Railroad and the west by
the New York CITY ana Northern, which connects
with elevated railroad ystcm nj EsHth-uye and
Oue-hundrcdandtiity- fiith-st