The Portland daily press., 1883-06-09
RAILWAY NOTES.
Portland s. ogdensburg.


Yesterdays Press stated that it was reported
the parties desiring the Portland & Ogdens.
burg wished to make 1t a part OF a trunk line
from Portland to Buffalo, aud that the move
ment is in the interest Of tho Rome, Water
town s 0gdensburg,
A short time ago the PREss published an ex-
tract from the Watertown Times to the effect
that tie friends of Mr. Charles Parsons, OF the
r. w. & P. were trying to capture enough
proxies TO make that gentleman president in
stead Of Mr.. Sloan. Thursdays New York
Tribune says:
SAT the annual meeting Of the Rome, Wat
ertown & 0gdeusburg Railroad stockholders
Wednesday the following directors were elect
ed:-Charles Parsons, Clarence S. Day. Lucius
Lyon, Charles Parsons, Jr, J. Y. A. johnson,
Edwin Parsons, William Lamniis and Walter
Ferguson. of New York, George B. Phelps and
Talcott III. Camp, of Waiertown, John S. Far
low, OF Boston, William NJ White, Of Utica
aud Josiah Lasell, of Williamsburg" Com
menting on the election the Times OF that af-
ternoon says:
The election has resulted in change Of d.
recioss by large and unanimous vote. Mr..
Charles Parsons, of New York, has become
very large owner OF tuo STOCK OF the fOAus ana,
no doubt, will become its president. We un-
derstand that he Is man OF wealth and OF
large business experience. Many rumofs have
been circulated and published In regard to the
policy be will pursue, but We imagine that
nCne of them are authentic. Having q large
pscaniary interest ia the road, he will, no
doubt, endeavor TO build up its business and
increase its facilities aud customers. Coming
among US stranger and cherishing no local
preiudices, he will be inclined TO ruu the road
-. u s.,ss a
customers.
The new board Of directors met this after
noon and elected the following officers:-Pfesi-
dent, Charles Parsons; Vice President, Clar-
encs s. Day: Secretary and Treasurer, J. A.
Lawyer. Executive Committee, Charles Par
sons, Clarence s. Day, John S. Farlow, T. II.
Camp, w. M. White, Charles Parsons, Jr.,
and William Lummis. 1t Is understood that
the policy of the new administration will be
the improvement Of the general condition Of
the road, the laying of steel rails, and the ad-
dtion CT improved rolling stock 70 do an in
creased business efficiently and economically.
II Is the intention of the new management to
ruu the road entirely in the interest of the
stockholders. and they hope BY careful man
agement TO make IL uiyidend-paying proper
ty and restore it to the position it occupied
some twelve years ago, when the stock paid 10
per cent. and sold at $50.
Only three OF the present directors were
members Of the present board: Talcott II.
Camp, OF Watersown, William VI. White, OF
Canaseraga, and john 8. Farlow, OF Boston.
There were two vacancies caused By the death
Of Moses Tayler and William y. Dodge. The
other New York city directors we're displaced
President Samuel Sloan, Percy r. Pyne,
Christian Zabriskie, John s. Barnes, II. G.
Rolston and G. Z. Colby, together with s. d.
Hungerford, Of Adams, and Theodore Irwin,
OF Oswego. BY this change of management
the road is removed from the control of
the Delaware, Lackawanna & Western Rail-
road, in whose interest IL has been operated.
1t is understood that the large stockholders de-
termined on the change because they consid.
cred their own interests sighted by the Lacka-
wanna management"
Some persons think that the offer to buy the
Ogdensburg came from the parties Interested
in this new movement. Others that les the
Rome. Watertown & Ogdensburg is a link in
the p & o. through route, and has now thrown
off the Delaware & I.ackawanna control, with
which road, IT was lately claimed, the Grand
Trunk Is associated In the effort TO break
rates, thus causing protest from the Ameri-
can trunk lines to Commissioner Fink 1t Is an
| effort on the part OF the Grand Trunk to get
possession of the Portland & Ogdensburg and
block the little game Of any one who would
make tho P. & O.a dangerous competitor for
that road. Others still think it possible that IL
10 simply an effort on the part OF the old Port
land syndicate TO get possession OF the road;
and somo think it is q plan made by the hold
ers Of the several mortgage bonds OF the road
who brought suit against tho city for their
Co. fst.. ~ n ..lI I.
| In which suit verdict has not been rendered.
| Whatever the reason, or whoever the parties
interested, 1t Is certain that there is proof Of
the value Of this road and that the city had
| better "go slow" before deciding to sell.