The sun. [volume] (New York [N.Y.]) 1833-1916, 1892-01-07

~E<A-A< 1~<.>>L
The appointment Of Mr.. Corbin Is President
vas surprise to many. but Il was taken to
mean that the New Ensland-Long Island
alliance will be continued: also that the New
England will both extend its system. and that
It will establish relations with companies
with which Mr.. Corbin is known to be in
luentlal. It Is said that the appointment Of
Mr.. Corbln as President was made q condition
by Mr. Parsons before he decided to take hold
of the property. The purpose is to have at the
head Of the New England road . man OF
strong executive ability. with unlimited
capacity for work.
Whether Mr.. Parsons, BY his recent acouisl-
ton OF stock. individually controls the road
and has invited Mr.. Corbin and friends to help
him manage II. or whether they are al large
holders Of stock. will. in time. become clearer.
The remarks that Mr.. Parsons has dropped
among his friends would indicate that he
wants . road that he and his sons
can control. just as they did the Rome.
WATERFOWL. and Ogdensbure Mr.. Parsons
verified the story published In The Sun dbout
his purposes in connection with the New Eng
land Railroad. but he stated that he had no
intention either Of fighting or consolidating
with tho New York. New Haven and Hartford
Railroad. Those who are familiar with MIR.
Parsons's shrswd deal with the New York Gen.
trail will understand his quiet and uncon-
cerned manner. This is the way he expressed
his entrance into the New England manage.
msnt:
s sss kndR 5ss sssas
This Is what Mr. Ccrbtn says Of the deal:
the New lew England properly: i have q large in.
tsrest. IN the stock and take tnse hold Of It to
ia. ey To
in the field for business. and expect our proper
we shall aim to work in harmony With ali our
neighbore. There are some further develop
Mr. Bostyick said that they would ]! start IN at
with certain railroads In New Jersey. he said.
into Ss% city, H.
said that 1t would not come IA oyer the Har-
not s tsTes ass to h Nw asxep sr 5s Is
trni in two different directions.
deal with the Vanderbilt. Is has been regarded
as one Of the shrewdest railroad. managers in
% ss.s Se
Of them when their stock was worth little or
Inothing. and 1T their bonds were licking about
into sSa Rome Toao IN 1882 the COM =:
mon stock was selling ut less than 70. When
Nv NJ H5se en9s ns r Esss 1T the
vntii Il Sss g years ia: When E. tuned p
tee OF the New Jersey Midland. now the New
YORK. susauehanna and Western. He was
s%s e aHd @Ssn aRs
the % tas b Eom read in
:tssEsoIasrs. iaIsslya thrsSasS NJ. $srsoas' s
agreed to accept lower rate Of Interest. AT
that time 4. the Rome system was much smaller
Tosa and wsstern
s !Hs
;s %.Sfs
y; msmbsr 9n II There lid been no PrsyiSas;
leased # to ne New YoTk Central Ss MS own
Utica and Biaet liver S road. ono 00'ni "0
Tho vandcrbilts soon snw that II they hoped
they must buy QUIT the Homo road: Mr. Parsons
t Was baking ALLIANCES right and left,nnd DO
0s TO get ss ssarsp HE BUSH
mess, rms was the way 1t looked: but. as
All Hs p paa ae a, Mr Persons merely wanted to
R,s sSaas fafs 'Ss hSnss road SOMEBODY Else
About that tine President Van Horne q the
IA a elkk
i sss S' tsS tSnE Ines t tsSsdss Fass
hornss road carried its New York business.
Horne might buy or lease the Rome road. inns.
tie se Canadian psss excellent connections with
Mr. Parsons made the most of these appear.
trsrsops out with his game. Tie result was wa;
than they could have done independe H u nj.
van Horne made deal with the yanderbIlts
10 Top pro rate with the West Shore at very low
msas e cs mad nass So. The it
sral offers ths Home road. but IT, Parsons ssns
r9d sse'iTHs99 New ss;
i f9Lx Central &c threstened 70 parallel the
Esn6ls GSTtpn q ne Rome system Wees si fr rss
spsr r %sSe the Msssk o Sss line s
mid-winter., and bought q lot Of terminal
property In WatertowI., Mass meetings Of the
tt2wnspeoGle were held. and the New York
central officers were welcomed with omen
arms Various other DEMONSTRATIONS t"o;
place Tor the purpose OF forcing Mr. PARSONS
New se Yor hs 1Sss at the terms offered by the
M M; Parsons responded with stil more vigor-
sn n. sl.s t sSsS ne spS.!sns ass VIII
s::y Riss': e S9 o: ss g 3: