New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1892-03-08
AUSTIN CORBIN RETIRES.
NO LONGER TO BE PRESIDENT OF NETWORK
AND NEW ENGLAND.

CHARLES PARSONS WILL PROBABLY SUCCEED
HIM-PEPrERY CORR sPoNDENCt BETWEEN
MR.. CoRBIN AND +. H. PRINCE.
The annual meeting of the stockholders OF 'he
New York and New England Railroad will he held
in Boston to day 1t will make complete change
in the management of the road. IRE rumOrS OF com
Ing changer in the executive heads OF the ROAD nave
filled Wall street. gaining currency In varied iorhN'
The first absolutely definite development came yes
teI,iay in the official announcement by Austin Corb
that he would decline 10 accept the presidency OF he
corporation or become member OF the Boaid Oh
Directors
No authoritative statement aS 10 who would su'
coed Mr. Corbin made. though il seemed 70 he
generally conceded that Charles ParS0D, would he
elected TO the place.
Last night Mr. Corbin gave out the correspondence
between himself and j. A. Bo>twtck, the chairman OF
the committee in which Mr. Cobn's intention to re
lire entirely from the management of the line was an
nonnced with good deal of ascerbity. The letters
arc spicy, and indicate that Mr.. NorDhS a'tl-
tllde due to the actions OF r. IL. Fllhce'
whom he practically charged with Dre"rh
Of faith The bitterness of the feelings engcndered Is
indicated by these words of Mr.. Corbin's: Il VIII
not lie connected with any company where F. H..
Irincc occupies the place of one OF its executive
officers Mr.. Corbin declined last night to make amy
statement in regard his refusal 10 serve on the
New England Board. other than was contained in the
correspondence gwen out
This correspondence follows:
March 8. 1892.
NV Dear Mr. Corbi. l have your by Mr.. Reynolds
and am very careless in my note OF last even
inc in not saving anything a. the officers should
have stated that differences should be forgotten YOU
70 no the president MI H. Prince first Vice-pesldent
and Mr. John H. Macaul-y second vice president wncn
trust will be agreeable to YOU. Yours very truly
j. A. BOSTWICk
p. 81 will accept chsrmanshp.
New.York March :, 1892
]. A. Bostwick ESQ. chairman.
Nv Dear Sir am in receipt Of your favor OF last even
ing you propose to have ne eleet'o pTe@uen'
with proxies as held BY YOU Prince aud Stabuck on con-
F. IL. Prince BE- elected ist Ncepresloeut
YOU know it thoroughly understood between all
icludedwhen arranging for the new eecnon
proxies obtained bv either were TO he used IN
favor Of my election president Under this arrange
Prince allowed 70 obtain in his own name or
in blank. proxies liked. told inauirinS
Stockholders that made difference WHISTLER they gave
their proxies TO him He himself stated that MS
proxies were for me. You blanks in behalf OF
yourself myscli and MI HentI sent none ana solci"o
none. permitted to obtain the proxies under
arrangement deliberately offered 70 vote them In
Of against although IL is currently
reported that the gentleman upon whom ne onlu u coer
hat honor declined.
Therefore please understand that. in view Of voni pro-
posed action shall decline either become member Of
Board OF Directors accept the presidency of the cor
poraton L will not connected with company where
r. H. Prince occupies position Of of its executive
sneer.
should no, do justice to myself in this matter, If
did not proceed immediate public ventilation OF this
whole business In order shareholders OF the New
England Railroad nav understand the sort OF man you pro-
pose president Of their compsny Very
Truly v.u, AUSTIN CORBlN.