Morning journal and courier., 1892-03-09
THE NEW ENGLAND ROAD.

Board of Directors-The Larges
 Vote Ever Cast at an Annual Gather
 fng-No Opposition to the Ticket.
 What Director MacauIey Says.
 BOSTON, Mass, March SEX -Lieutenar
 Governor Howard of Hartford, Conn
 presided at the annual meeting of the Ne,
 York and New England Railroad compan
 held here to-day. The following ticke
 for directors was elected: J. A. Bostwick
 Thomas Rutter, Henry Hentz, John |
 Macauley, Sidney Dillon, Alexander E
 Orr, Charles Parsons, Charles Parsons, jr.
 c. B. Tedcastle, E. V. Carey of Ne,
 York; Eustace c. Fitz, Charles A
 Prince, F. H. Prince of Boston
 James L. Howard, Hartford, Conn.
 George M. Landers. New Britain, Conn.
 David s. Plume, Waterbury, Conn.,; B. F
 Vaughn, Providence, R. l.; Aretas Blood Manchester, N. H.; Arthur Sewell, Bath Me. Charlea Parsons, jr., of New York c. B. Tedcastle of New York Ca Housa tonic man) and Aretas Blood take the and S. A. Carleton.
 The regular ticket had 172, ,395 votes, ex- cept Charles Parsons, jr., had I'll ,425, O. A. Prince 1,57O, F. H. Prince I'll, 570 There were cast for Austin Corbin sixty votes, Charles Howard sixty votes, Thomas Mccormack 870, John J. Donovan S70.
 The Parsons-Starbuck-Bos -Bostwick-P Prince party cast about 1S0, ,O0O votes out of 8 possible 233, ,OOO.
 The annual report was adopted. The vote to authorize the Suburban railroad lease with the guaranty of the New York and New England upon its per cent. bonds was offered.
 M. O. Adams moved as a substitute, and his substitute was accepted and adopted, that the directors be requested to consider independent route to the city of New jourp to be recalled before June by giv- ing any necessary notice of any proposed contract or lease. or any other measure for this purpose The board of directors then met and elected Charles Parsons, president; Frederick H. Prince, vice-president, and Charles H. Parsons, jr., second vice-presi- dent. The question of general manager was not considered.
 WHAT DIRECTOR NAcAULKY SAYS.
 Director Macauley says: "The vote to- day was the largest ever cast at any annual meeting, larger than at the c. P. Clark contest, and was the best indorsement the board conld have. There was no opposi- tion and DO opposition to the ticket. There is no board less speculative than this. We are acting under the advice of Simeon E. Baldwin of Connecticut, and there is no better lawyer. Of course we can't tell the amount of bonds we may
 
 cut you cannot under the law issue more than 50 per cent. of the cost of the road and we must first show the cost of our property. We shall double track to Hawleyville from New Britain i'm mediately. We need more rolling stock and to-day shall order engines. The largest is MT. Bostwick, who has 35,- 900 shares, MT Starbuok 5000 shares of which 5000 are shares in his name and claimed 5000, but he has sold out. We have a pretty good list of stockholders to back us up. William Waldorf Astor sent us his proxies upon his 2, 3,200 shares from London.
 A WEALTHY BOARD OF DIRECTORS.
 The Boston News Bureau says: The board of directors elected at to-dsy's an nual meeting of the New York and New England is probably representative of more wealth than any railroad directory outside of the Gould Sage or Vanderbilt roads, and in railroad brains and personal force it is comparable with any, Chair man Bostwick of the Standard Oil compa- ny is rated as worth $20, ,000, ,000, Macau- ley, Dillon and Orr are men of many mil lions, Arthur Sewall of Maine and Aretas Blood of New Hampshire are among the men of the New England states, while Charles Parsons, the president of the New England, is rated as worth $10,- 900, 900, all made by his own oonsummate ability in the building up of rail road properties, and not out of Wall street speculation. President Parsons was first heard of in connection with the Jersey Midland railroad, which he built up and leased as prosperous road to the New York, Susquehanna and West ern. Then he took the Rome, Watertown and Ogdensburg, it's stock selling in. the leased the property to the New York Cen tral upon a guarantee of 5 per cent. divi- dends after stock dividend of 20 per cent, 8 price which realized besides the cash dividends above 130 for Rome, Wa tertown & Ogdensburg stock. It is said that MT. Parsons made over fsur million out of this railroad investment. He is one of the strongest railroad men in the country and one who could not be beaten in railroad dicker.
 MT. Parsons next made an expert exami- nation of the annual figures of the New England presented last year, purchased large interest in it's stock and asked Presi- dent Bostwick for representation in the company. MT. Bostwick said he was al- ready pledged to MT. Corbin, but offered him the vice presidency.
 MT. Parsons declined to serve under MT. Corbin, but became a director. He has never been identified with MT. Corbin in any way. When MT. Corbin recently at tempted to throw out the directors of the New York and New Eng land road MT. Parsons was induced to take the place which naturally belonged to him. He will be assisted by his son, MT. Charles Parsons, jr., as second vice president. He is about thirty-seven years old and was for seven years with the Rome, Watertown and Ogdensburg railroad.