The sun. [volume] (New York [N.Y.]) 1833-1916, 1892-10-27
READINGS NEW ALLIES.
pprsJpNNT M,LEOD ELECTED pREST.
np,7 or IUE BOSTON AMI MLJyE.
VIVA, lie Say. OF th- Purposes OF the Com
htnatior-Ihe New York aud New Eng.
.ai.opd fms been Included In the DenI.

xHh,t He says OF fh~ Purposes OF the (O1l-
nira,iou-Ihe New York aud New Eng.
innd Road Hns Bee" Included In the Deal.
ros~5y. oct. %. The nrst step In tho rre.
,n,ol a,nl between tho Roading. boston and
S,I,, n-d New York and New England rail.
H'.I. vos taEe,, to-day at the regular meeting
n, ,hr directors Of the Boston and Maine Hail
.o,J %Conunny. Tho alliance has been under
.o,.uicr,tl,n for somo months. buttho details
ror, orrc,d upon only q fcw days ago. when
p~r..liont Mcleod hold a conference at tho
ritb Az nus Hotel In New York with Boston
.,d Maine and New York and New England
or,c,als.
A. thu mea.inG to-day OF tho Boston and
,oi,, directors ,hcro we're present Messrs.
van Jones. President OF the corporations:
Nu'iom C. Whitney and George c. Haven. who
.oms from New York: Con. Samuel c. Law.
800, 1oscrh <. Kicker. Avian W. Solloway, II.
o,,,. Walter Ilunewcil. John ". Sanborn, and
Joso,h II, White. DR.. W.. s.. Webb and William
~ ,or. wore absent. President Jones occu-
.i., ~, chair,
,rt,n rosi,nntion Of VIM. T. Hart ms director
..s,ocsiysd md accepted. and President A.
Nal God OF the Philadelphia anil Heading
-, ohoa,n 10 tho vacancy. Mr.. Mcleod was
.,,-,oI 10 tho Board room. receiving a most
.ss,iai r-,n.inr from tho gentlemen thcre ms.
.omiI.I President Jones then referred to the
I-a,, rfArn ntt " Aul C1.CO tllu USkOCl-
.n :, III, stock Of the Toston and Maine, and
sts,,i That in view OF the fact he decided to re-
.ic, ,ho Presidency OF tho road In favor OF Mr..
M,Is oi. After complimentary remarks by all
,,ssc,t ,hs resignation was accented, and Mr..
Mcleod was unanimously chosen President Of
N, svs.,r.
rresilsnt NcIeod then succestod tho adyis-
ability NJ creating tho position OF Chairman OF
Ala Donrl OF Directors. md Mr.. Jones WA
unanimously elected to that oc,ce. where ho
iii con.inue ma the executive hand NJ tbo
coruora,i,n. He was nlso chosen Vice. presi.
,.,, Tho hoard thcn adjourned. trapsact,nr
no further business.
n, Lciry ,s.ol the eicn,oc,nca NJ .b,a a,li.
.,c, President McJeo, soid. ..WhiIa IN.
nos.or and Nnipe svstcm hns In rec,nt voars
modo cr.ot nrorress in tonnoce and rcvcn,a
or1 hos heconn tLo cro,tsst ro;lro,d systo,,
n, vo, Er,,,r1 vi II h,s ror,oiroI isolnt,J
.omnorotiv.l, sno,tinc f-n,n ,n,nr s,,t;nn,
of,hn oorntrr
~ to ,..ii tror, ,,,. ,,o u,,rr,.,u,.
,,1,strias -, -, Iinns ava mnr. nnrna.nms
.naaxa.a, ~ aur,. a.S -. uA.nnoas
srstem IN ,hn onnntrr nna T., .H,n nso am'
snms ~ thn.
49,. 49,. ~ ~ - nN . -
Nrau..aI. -, ~. a.. nas,HH
an..,tnan 49,. .a.,I.n, - - .s
.n' 49,. ~" ~ ~ -
. n,auu 1872 W., nnaa" - Nv ''w LnI,a"u
na. " =
irni.ad Sea- - Sa, nhan u" wv ..n.
s..n n,uand y "a a ~, '"s. 'e!,i ~
D'' o''o"u va Vastly ioue"eu ny tne
heaaihs 'ihes thnn any other. Ihese re-
gtons arc naturally tributary to each other.
and the proposed alliance. by bring
a.. .,.. issu.i., -.
any 'hese siea' inous'riat re.ions INTO moro
intimate relations. cannot fail to be of great
tsaa =, ~ .,i Tra". y, ths ''o on4uens a.'ah,
ssrva thsm' Ths irt taa a Jne' ~ Iv trn ee " n.iu
DO very largo and will greatly increase the
,eyenue Of both svstsms each ~ tha roadS
cen trh = o ta IL, systems atea. .r e a !. OF .he 1oaas
possess. The relations will be very much Of
the nature o, that now axiatin, hatvaan tha
which has proved so advantageous to both
compahies. Much OF the trafle referred to
must be moved by rail-.
THE products Of those manufacturine in
uustrles IS suns'ahtiany aIi-ra'i tIa'he' hence
t ts, great satw aaTat tnsse 9 trn more rso;n intimate late t feIa-
~" .,"aS .,i Wy o.ea. ~. ,"a1 IN aual-
required to reach these new markets. this
alliance will necessarily tend to stimulate all
those industries on tho line by opening up
new markets. and thereby increase greatly the
volume of the traffic. 1t was with this pros.
pect in view that and my associates have
taken II large interest in the stock OF the Bos-
ton and Maine. with nerfect conCdenca TINT
tho slIiance will cre,t,r incroosa i,s xa,uo '""'
'ne aIiiahce VIII sFea'iy increase us Faluo.
There can 10 no doubt tibet the Reading
sytem. comprising as it does 5000 miles OF
road. with one arm reaching to Buffalo and
the great lakes and the most extensive fleet OF
vessels plying these waters. with intimate
traffic relations with the various lines of rail-
road reaching all parts West and Northwest.
and the others reaching the South and South
west through Philadelphia. baltimore, md
Washington. will be, a still! greater advantage
to the Boston and Maine than even the Iaru-
dian Pacific. 1t will in no way interfere with
any OF the existing alliances. but all will be
worked together to produce tho best results
Tor the property. This alliance will also great
" ADD to the passenger traffic OF the Boston
and Maine. not only from the travelincident to
the commercinl and business Interchange be-
tween the regions trnversed bythese lines and
the i'm provod facilities afforded for its accom-
modation. bat through nm efficient and united
Through service. similar to thnt now in opera
and Nav irr.' whirS 10 NOT nvoa,is ~
service in this or any other country. The
alliance, lnNtn.thec control OF the only through |