The evening herald. [volume] (Shenandoah, Pa.) 1891-1966, 1892-10-27
THE READING ALLIANCE
A Most Important Extension OF
the Trunk System.
DETAILS OF THE CONSOLIDATION.

The Entrance of the +. g. II. into the
Boston & Maine Has No speculative
Significance Hard and soft Coal Traffic
WIZ be Beuefted- Advantages to the
city OF philadelphia.
BosroN, Oct. 27.-The friendly alliance
made yesterday between the Boston &
Maine and Reading systems will un-
doubted ly be very remunerative to both
companies 1t may be of interest to
know that the aggregate mileage Of the
allied roads will exceed 1900 miles, and
that the combined system VIII carry ol
its pay rolls over 13O, 900 employees.
The meeting resulted in the resigna-
tion of William T. Hart. director of
the Boston g. Maine. and the vacancy
was filed by the election of Archibald
A. Mcleod president of the Philadelphia
& Reading Railroad
President Frank Jones, of the Boston
& Maine, then rendered his resignation,
and Mr. Mcleod was unanimously elected
to the presidency in his place.
The position of chairman of the Board
Of Directors was created, and Mr. Jones
was chosen to fill it, being charged with
the executive management of the Boston
s, Maine system as heretofore.
The Reading will now distribute its
enormous merchandise and coal traffic
into New England over the Boston q
Maine system, and Boston will be made
the centre of the distribution.
For some time minor details of the new
relationship have been under considera-
ton, but they were not fully formulated
until last Monday, when President Nc
Leod met representatives of the Boston
d Maine railroad in New y Eork and mat
ters were brought to a satisfactory con-
clusion.
Mr.. Mcleod was reluctant TO take
upon himself the cares and responsible
ties other than those now resting upon
him; but, after looking over the situa-
tion carefully, and believing that such an
alliance would be greatly to the advant-
age of both properties, he decided to take
hold and to give whatever assistance he
could to the practical development, and
he trusts the successful operation of the
property.
A1.el ne arrived at this determination
he enlisted many of his friends and asso-
ciates OF large means, whose financial
strength will be of great benefit to the
property.
1t is said that the New York & New
England road will be used as a connect
ing link in certain directions and,
further, that the entrance of the Read ing
into the Boston & Maine system has no
| speculative significance, but is entirely
for the development of the property; also
that the large expenditures recently made
by the Boston & Maine in the acquisition
of the property Of the Mclean Insane
Asylum at Somerville and elsewhere were
unquestionably made with this pending
| alliance in view
The effect of this alliance will not only
be an advantage to the anthracite but to
the bituminous coal traffic. Apart, how
ever, from the coal interests, the consoli-
dation means a most important extern
sion of the Trunk system, which the
Reading management has developed. 1t
means new and great independent line
for the transportation of wheat, oil,
manufactured goods and general mer-
| chandise.
i The advantage to Philadelphia, not
only as a manufacturing, but a CONNER
cial centre, will be incalculable. With
| its independent roads to the lakes by the
way of Buffalo, to the West and South
| by way of Pittsburg and Baltimore Phila-
delphia has through this new Reading
alliance, likewise it's own direct road to
New England and the Canadas.