Morning journal and courier. [volume] (New Haven [Conn.]) 1848-1894, 1890-07-24
STICKS TO TT.
Again That Alleged Railroad DeaN-
The New York Times Returns to the
Topic with Renewed vigOr.

Again That Alleged Railroad DeaN-
The New York Times Returns to the
Topic with Renewed vigor.
The New York Times sticks to it that it is
right on it's favorite subject of the alleged
purchase by the Consolidated road of q con-
trolling interest in the New York and New
England road, and returns to the charge yes
terday as follows: It says Wall street is daily
becoming more interested in the reported
deal. Very likely, but Wall street has seve-
raj times before become similarly interested
in the same rumors only to discover that
they had no foundation in fact, and old
timers who have been bitten don't take much
stock in Wall street stock speculation rumors.
Much of the latest Times article is rehash
of what It has published before, but few
new ideas are advanced. One of them is
that President Clark of the Consolidated was
deposed from the management of the New
England by the Gould Field-Sage syndicate.
and would naturally feel an inclination to
square accounts at the first opportunity
s'There is no doubt" adds the Times, "that
IL he were to make the New England prac-
tically tender to the New Haven he would
feel that his ambition in this respect had
been thoroughly satisfed."
Further on the article says: "There is
legislature cost the New Haven road not less
than $500, 900. If that is true, it is fair to
assume that a portion of this expense was
caused by the existence of the New England
as q rival. Although the New England may
not amount to much as q railroad corpora
ton, it evidently seems to have given the
New Haven no end Of annoyance and ex-
pense. It is noted also as significant that the
capital of the New Haven road has lately
been increased by many millions of dollars
In spite of large and convenient surplus,
| and there is apparently reason to believe that
this increase was ordered that the New Haven
| might put the New England out of the way
| by purchase"
| The Times' conclusion that the increase of
capital stock was in contemplation of the
purchase of the New England is rather far
| fetched, inasmuch as that increase is sufi-
GENTLY explained by the heavy expense Incl
dent to four tracking the New York division,
double-traeking the Shore Line, abolishing
grade crossings, building new bridges and
depots and making other improvements, not
to mention the outlay incurred in the acqui-
sition of new lines. The article winds up as
| follows:
While some of the subordinate officers of
| the New York and New Haven railroad are
disposed to deny all stories about the absorp-
| ton of the New York and New England, and
| even to profess their utter want of confidence
| in their truthfulness, the fact remains that
| many of the stockholders do not wholly
share their views. They would not say that
the deal had been consummated, but they
insist that it had been considered for some
time. They added that sooner or later the
New England road must become a part of the
| New Ravens system, and it had been only q
vented the accomplishment of the long-con,
| sIdered deal