The Portland daily press. [volume] (Portland, Me.) 1862-1921, 1884-12-10
RAILWAY RIATTRRA
New York and New RnzIand.

New York and New England.
A meeting of the stockholders Of the New
York and New England Railroad was held In
Boston, yesterday. There has been bitter
controversy going on between two elements,
each seeking to control the road. The meeting
was largely attended, The New York
| stockholders were mostly represented BY
proxy. The opposition to Receiver Clark and
tho present management was led by Jonas II.
| French. On the opening Of the meeting, the
| opposition to the present management showed
| itself in several sharp speeches on the pant of
! its members, who denounced the method BY
which the present receiver was appointed. Op-
posing speecdes we're made. Henry ID. Hyde
stating that there were nine names on each
ticket, offered in the interest OF harmony,
made motion that a committee Of five he
appointed to select ten other names for the
ticket. A long debate followed.
r.. G. Martin declared all this trouble should
be harmonized. He reviewed the financial
status of the road as compared with the man
sgement of ex-President Wilson, finding a
steady improvement.
Mr., Vennor the leader of the opposition,
said every concession had been made, but the
result bad only been the Higginson party had
desired to run the thing themselves aud namo
nineteen directors Mr.. Vennor made rather
serious charges against Mr.. ClaSk's manage
ment Of the property which he stigmatizsd as
poisonous to its interests and IN favor OF the
New York and New Haven road.
This was followed by loud cries for Mr..
CLARK, who arose amid storm OF applause.
Mr.. Clark referred to the criticisms upon his
management made in the press but asserted
that his hands were clean outside and inside;
that in no Thought or act had anything been
done which, he believed, was prejudicial to
the compSDy's interests de believed not In
making quotations in the stock market but
rsther in creating an intrinsic value in Sc
cprities. There had not been one thing done
for temporary purposes, and the receivership
was obtained only in the interest OF the New
York and New England Railroad that the
road ia operated on basis OF not how much
damage can we do our Deighbor but how much
money can we make ourselves
At the conclusion of Mr. Clark's remarks a
vote to proceed to ballot was carried and ad.
journment had till 230 p. m, and at the latter
hour further adjournment was had until
o'clock to allow time for counting the ballots.
At o'clock a further adjournment was had
until 10 O'Clock p. m; when the vote was de-
clared. The present management was sus-
tanned by majority of over two to one In a
total stock vote OF 1853 263, the following ticket
being elected: William 7. Hunt, Boston;
Charles P. CLARK, Newton; Francis l.. Higgin-
son, Boston; Eustace G. FiiZ, Chelsea; Jesse
Pawtucket, r. l.; Frederick j. Kingsbury,
Waterbury, Coma; George g. Haven, New
York; Cyrus W. Field. New York; Russell
Sage, New York; George Nj. Rice, Worcester;
Robert @. Msrtio, New York; Chester Gris-
void, New York; Stanton Blake, Boston;
William B. Dinsmore, New York; A. j. Leitb,
New, York: William A. Tower, Boston. The
meeting then adjourned.
Grand Trunk Insurance.
The Grand Trunk Railroad Company has
for several yeaIs insured its employees, but,
since the road absorbed" the Great Western
Railroad OF Canada, the system has been SO al
tered aud amended that it may be said to be
virtually a new departure. The system
adopted, which is that formerly used by the
Great Western, covers more than 10000 men
since, the Insurance. being compulsory, every
employe from the conductor of palace car
to the humblest nut boy" in a mschine-shop
is included in its provisions. The company
will hereafter employ no man over 40 years OF
age. Thirty-three cents per month will be
stopped from the wages OF every employe over
is years of age, and IN case OF sickness or acci-
dent preventing work boys will receive $3.50
and men So per week, besides the payment Of
doctors bills. Death benefits range In amount
from $3.50 to $1,000, the asses meDts being
graded from five ceDts-the amount which an
employe insured for $3.50 will pay on a death
One of the commendable features of the sys-
tenn is, that, if employe leaves or ia dis
charged from the companys service, he may
continue his mem mbefship in the relief by the
payments of the assessments. In order that
the relief may have good "send-oH," the
road has contributed the munfcent sum OF
$4,000 to form the foundation of q fund. The
government of the relief will be vested In a
board OF ten directors, three of whom are to be
named by the executive of the road, while the
0fhar will hQ alopfQd hV the aunlovaa
FROM their own ranks. The new system will
60 into effect on the 1st of January, 1885.
The Consolidated Lines.
General Manager Furber Of the Boston and
Maine Railroad and leased lines will today is
sue general orders to the following effect:
The Boston and Maine Railroad, together
with the MedfOrd branch, the NeWburyport
and Georgetown branches, LEVEL and An
dover, the Methuen, the West Amesbury,
Great Falls and Kennebunk and KennebuDk-
port branches will be known as the Boston aud
Maine Railroad, western division; the
Eastern Railroad, together with the Eastern
Railroad of New Hampshire, the Portland,
Saco and Portsmouth Railroad, the Glouces-
ter, Salisbury, Saugus, Swampscott, Lawrence,
South Reading, Marblehead, Essex, Grand
Junction, East Boston and Portsmouth and
Dover branches will be known as the Boston
and Maine Railroad, eastern division; the
Portsmouth, Great Falls aud Conway, the
w
nipisseogee Railroad will be known as the Bos-
ton and Maine Railroad, northern DIVISION
William Merritt, Jr., is appointed suDerinten6-
ent OF the western tleislon, aud Daniel W.
Sanborn superintendent Of the eastern di-
vision, with headquarters in Boston. John W.
Sanborn is appointed superintendent OF the
northern division. with headquarters at Wolf
boro junction. William r. Berry is appointed
assistant general freight agent; LGcias Tottle,
heretofore general passenger agent of the
10 ounoiuta1 araiafQnf m fha aral
manager; William Smith, heretofore master
mechanic Of the Boston aud Msine, is appoint
ed superintendent os motive power; Fl. Blssell
will remain in charge Of the maintenance Of
way on the eastern and northern division.
Notes.
The vacuum brake is employed on the Bos-
ton and Maine, while the Eastern and Maine
| Cenusl cars are fitted with the Westinghouse
air brake. It will be seen that the Boston aud
Maine Gals can hardly be run on the trains Of
| the other two roads without change.
The Portland Company has sold two new
| locomotives to the Ogdensburg road.
Rosdmaster Smith has been connecting the
| Boston and Maine tracks ut the Knownothing,
| just beyond Portland.
The earnings of the Graud Trunk Railway
| Company for the third week in November
were S325 .214, as against S4l4,9l6 for the cor
responding week last year, decrease Of $780,,
| 702. Since Janusry 1st the decrease has az
| gregatsd 81, ,929,527.
The board OF directors of the Lshigh Valley
| Railroad Company, yesterday, declared quar-
terly dividend of 2 per cent.
The Dominion government has given in
| stTuctons for a survey OF the proposed short
| line railway between Quebec and st. John N.
| b., through Maine. 1he line will be several
hundred miles shorter than the route through
the Provinces.
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Real kssInte Transfers.
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