New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1892-12-17
NY rELuanArH TO TEE TRIBUSE-I


Dos,on. Dec IG.-It was announced day or two
an that the New-Iiaven Railroad had leased the
cernec,iclit River Railroad. Al the time OF the lease
~, stool, OF the latter road selling at about r-'o
. share To-day the stock advanced to S3oo ana
so1o a share and the fact that f. i'll. Prince q co.
.r, the principal purchasers gave rise u reports
,,,, tbs Boston and Maine and Reading combination
rere attempting TO prevent the road from passing ''
,ho control Of. the New Haven road. II Is common
onor, that the directors OF the Connecticut hNeT
"a orsr voting 10 lease 10 the New-liaven, turnei
ND and sold their stock 10 the Boston and Maine
on,e for $500 n share President Clark. OF the New
Haven was In Boston this afternoon ana Sc"c" '"''
hs hod no reas doubt the assertion maze I" Ill"
=. .-so,s interested in the Boston and Maine that
,hev had secured control Of the ROAD In queNu H.
nrodent Clark also stated that the Connecticut River
Docenent made q fair and square bargain to lease
IT. road and promised TO recommend the carrying
-. ~ tho ARRANGEMENTS to their fellow stockholders
and their subsequent action looks ra'her sihs"'i'
ociouv tina, of the men who promised to turn In
their own proxies and 10 secure the Boston proA'S
tho following day. but instead. plocccoed 10 ~orh |"
.h interest of the opposition The Newtaven peopi,
an NOT propose to contest the possession OF inc
Diver road a, any such price 1t now commands
- ~, market a. It's control would not warrant II.
among the Springfield stockholders who have soid
GRO the Massachusetts, Mutual Lie insurance 'on''
,x some 200 shares: Marvin Chaplin. 200 shareS :
sn,,nrfed Fire and Maine Insurance Company 'oo
~ = S,monds over 100 The Connecticut River road
. IN. main north south artery oil Cen'ral Ne"r'hs-
land and its acquisition would have been o. Va'ue 10
-, orv line IN New England, from the canadian
,,ociac 70 the New-lIaven road. It's lease by inc
x.rIJsven wss another direct blow al Inc new
vorr and New England, which the New-liaven mas 50
ling desired at its own price.
The Connecticut Rive: Railroad delivers 10 'ne
uo,.n o, Springfield from nifty 10 SHY five
froO
a,tvsre n day. The Massachusetts 'eh'iai
s.,tr.rs % the New-York NewlIaven and Hartford
- xor,hamptou from seventy fve to eighty cars n
40. ond receives therefrom an average OF ABOUT lio
s Inc Boston and Maine delivers 10 Inv -''',
v,ch and Worcester at Worcester between seventy "'
o,ah.v cars and receives seventy nv" 10 nshN-"|e
,,osa estimates are only for loaded cars
rb.v show in a messur> the importance OF 'h' 'oh-
r.c,ic,,, River road the Internal 'rafhc oi New
England. ,-, .,..,o. T., ,h,s
bdmb was thrown into financial circles III 'hS
s,v this morning when was reported tbat 'h' no'
and Maine interest had secured an option OF p"i
,osra aver II 500 shares OF Connecticut RIVER Sosh
"a ~ a total Capitalization OF $2.ooo,Ovo; Inns hiaus
eut oi eoa esrnre only few hundred shares and
q. n took twOthirds vote or me SioC hno'ui, vi
SU,nsmy nrcvent the lease Of the road TO the New
Sork Haven and Hartford In any event,
tfenns vi e "a NaIne has secured The slrc> ncces-
ssry in addition those already secueo. III o t
ID i've them the cOitroihls h'ciV9' vi '
Will be no trouble getting them , r.,
New Haven Conn., Dec 16 lspecianTLucHnS VILE Vnrs
vice president and general manager OF tie New
NeNjiayen and Hartford Railroad. said tonehI III
relation the purchase Of e9 IN Pine Of
Eos,cn + do not in the least doubt the genulhehe',
Of the repert. We were aware that the Boston 9ma
Maine ueople would make effort 10 chcchihatc W
% n,tirg Mc offers 10 the stockholders for majority OF
the SHARES in the road and under 'hs prsSsn rcont
wond be. strange thes Stockholders qld nou ntcp
holders meet there doubt that they Will reiSc 10
ratify the proposed lease OF The road 10 US DS wa
made possible by ,odays deal Inc loss 10 our a
Is OF little Importance. we shall SHOW by hio Nv
which viii he made In the future" Mr. 1ut'!e l. tn
only nrnm,nent New-York New-Haven and Hartford
Railroad Official IA the city tonight.