New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1892-01-05
a BIG RAILROAD PROJECT.
PROBABLE CONSOLIDATION OF RIVAL LINES
CONFERENCE, BETWEEN THE NFw.Y0RK AND
NLW-TNGL\ND And TIE NEw-YOEK, NFw-
HAVEN ND HARTFORD NAY LEAD

- THEIR UNION
The rapid strengthening Of tie >ecrrtc. 81 the New
York and New Enlland Railroad in the stock market
In the Ia, two week, has attracted the attention 6'
Wall street. and various tIe0ic, nave been preached
10 accom-, for the movement Yesterday this stool,
led the market in point Of sctivity and showed gain
| Of 3 per cent making total advance u : per cent
since the opening Of the There was little or no
tendency 10 a>cbe the movement 10 stock manipula
ion and Yesterday the ony explanation OF The rapid
advance. current the street wa, tie project now
under contemplation OF making the New England a
doubetrack road al least large portion Of it,
system thereby inccasn. H. facilities and earnings
The question naturally arose however n, 10 where the
road would get the money Tor making such
an improvement. The answer 10 this question and
the explanation OF the buo,a Of the stock are prob
ably one and the -amc-namcy. that there i ,t-ons
movement under way for the coalition OF the New
York and New England with. t> absorption bv the
New York. Ncw-llaven and Hartford
Plans for pUtting the New-YOrk and New ENGLAND
on a frncr basis have been talked OF frequently
for wear or more. Wh'n Alexander F. orr. who /,
director Of the road served on the Union Pacific Re
organization COMMITTEE with j. Perpont Morgan, he
took advantage of the opportunity To talk New England
plans TO Mr.. Morgan \ possible union OF competitive
interests by coalition with the New. YORK, New Haven
and Hartford had not been an Unfamiliar tnpic It
Is aid. in The Ncw-NO'k ard New England Board
meeng,. though If had not been received with favor
until after the election Of Mr. Morgan H. II director of
the Ncvliaveu road lat summer. Mr.. orr. II l. IN
derstood was instrumcutal In interesting Mr.
Morgan in the propositions and through the combined
efforts OF the Two capitalists conference betweeh
the rcpr sentative Of the two road, arranged
This conference wa held last month
and WAS followed BY several similar
meeting. which led to the appinmcii Of committee
by lie New lorA and New England, tie purpose ~
which a. announced 70 provid" for tn" improve
mcnt Of the system This committee consisted ui AeN
aad"r T. orr. 1homa, Ruttcr. Arthur scwill and
Wiilnm II. >tarbuck The directors OF the road viii
meet tomorrow at tho Offices in The Farmer Loan
Tru-i uildng listen to the report Of the com
mit;cc. This report. It j. confidently expected VIII
uo c,'nine ITSELF To- The published topic of doulh"
tracking the system. but Will deal mainly with tho
NOR. important and flr-rcaCh hing proposition Of col
>oldntion of interests with the New lorh, New Haven
and Hartford. Whether this union Of Interests. il
effected. Will be 10y Joint management Of the two
road. or Ly The absorption of the New ork and Nrw
England by IL more wealthy rival. h0~ nOi been
dvulged
When the New England paid It's Obligation. which
fell January /, financial circle. were >om"vlG,
surprised - it had mol been expected that payment,
would bc made al the time they wcrr dne. 1t va
merely said then that the money had been Eli>"d bt
the committee. II Is thought possible lint thr a'tg
now contemplated may have had something to do
with the snccting Of tlIOse Obligations.
Charles Parsons. the president vi tAe Rome. Water
town and ogdcn-burT l. said {" nave been II i"TN
purchaser vi Newly Ork and New England tt"k re-
gently. the cfVt OF his orders beng >r"n ia inc
course Of the stock IN the market. Nh Parsons W.,
a-,Ocistrd with Mir. Morgan in ia" n-S idtiV' "hl'h
resulted in The ~ >orItion Of the Rome. Wa-rO"n aud
recent purchases Of New England stock wer" made
with like intent seem probable
II va, admitted nj the ohc" OF DlcN"i M"r-in
co.. Yesterday. that conferences with the New orb
and New En- -land cOmmitic" had been held