Pawtucket tribune. (Pawtucket, R.I.) 1890-189?, 1892-11-05
A TALK WITH M'LEOD
About the Maine-2 Heading
Railroad Alliance.
PROPERTIES NOT JOINED
But Will Each Derive Advantages Of
Great Benefit.

president Of the Boston and Maine anl
The Phiial phia 1lin railroads, il
in Boston. Hn visits Boston to look over
Boston and Maine property and other in
terests with which he has lately become
identified. Most of his time on this
visit will be devoted 10 an inspection Of
the mort hern and Eastern depots, the new
terminal acquisitions of the Boston and
Maine railroad system and the situation
generally in that direction. II IL proba-
BILE, however, that be will find an oppor-
tunity 10 look over the Offices, depot,
yards and rmiunls Of the New York and
New England railroad, before lac leaves
Boston.
To reporter las. evening he talked
quite freely aud impressed the interviewer
with his frankness and evident sincerity.
what is there new in the stuationr"
asked the newspaper man.
Nothing. am simply here to get nc.
quainted with the properties in which we
have lately become interested"
What changes do you contemplate"
THAT question is too early ~ answer.
shall first become acquainted with these
properties and with the subordinate oii-
GERS who have served their company long
and faithfully, and who are. no doubt, per-
erty, and shall not make any radical
changes"
But, Mr.. Mcleod, ia not the public,
Judging from the current gossip, still in
the dark
Regarding the Alliance
between the Boston and Maine and Read
ing systemsY
II hardly think such Is the case We
do not in any way amalgamate the two
properties Each company maintains its
fndeIfpndence; each will give 10 the other
what IL can with ADVANTAGE and TO do this
IL IL believed that general direction If
the business interests of both companies
will best serve to accomplish these re-
suits.
Reading interests, believing i'm the
great value of the Boston aud Maine rail-
road system, and of its advantages as
New England connection, have purchased
largely Of the stock of that company aud
have received recognition in the manage
ment of that cprpOratiOn
Both comptuies will naturally hold in
Innate relations with each other, aud
each will in turn be of mutual benefit to
Hhe other Business which today the
Reading is unable 10 secure by reason Of
an absence o, proper eastern connections
and terminals, is now possible; the Boston
and Maine ia return securing large
volume of new traffic and
UnequalIed Western Connections.
In other words, each gives something to
the other, which neither has today"
"IIow about che feeling that The Read
Ing will control u large portion of the coal
traffic of the New England states, result
ing in an advance in the price of that COM
modity?"
''The Philadelphia and Reading railroad
will unqus~' ionably bid for its r,lir share Of
the coal business Of the New England
q ates. but II IS the intention of the man
agement OF both the Boston aud Maine and
Reading companies TO so conduct their
business, which includes coal as well as
other trailic,as 10 me. with the approval
OF the communities they serve, az well ~
the stockhold ~ whom they represent"
"How does the New York and New
Engl..J railroad stand ~ regards the
PhilaNelphia and Reading and Boston and
Maine systeusy"
"The New York and Now ENGLAND can
be made "a connecting link between the
two great companies and rs such would
be valuable"
This s,otcmant has been made. Nr.
Mcleod, tha, uujerthp mana cement Of the
Philadelphia and Roaling, so much blsi-
ness can he T. rowu over the prop rty that
a dividend "au he earned and paid on the
common stock within year"
while L may be said thpt many OF the
friends of the companies are pretty largely
Interested in the stock Of the New York
and New England railroad, they do not
control its management and operation,
and therefore
No Promises or Predictions
astothe future of th" property bv outsiders
should have any wei lht. feel justified,
however In Slyirg ut ~ the interchange
OF business between the two great systems
of the Reading and Boston and Maine
raj lroa > viii he large IL the proper ar
rang meut ran he made with the New
York and New England road, and n very
consilernblr Of it will pass over il, as tie
connecting link. it certainly must prove
OF advantage TO that pronertv
another port. Mr.. Mcleod. which has
received extensive circulation, is that the
Philadelphia and Reading Railroad COM
panv is - gu rantce the fixed charges and
dividend on &c preferred stock Of the New
York and New England company. How
is that"
The alliapc' does not contemplate the
puaraute 10y o-e road 70 the othe" Of any
thing except TIE general direction of a
affairs OF eacH which we believe viii bring
TO all, under their So, arate organ. n.zHtions,
better results than have heretofore been
accomplished. think that covers all the
details not generally understood at this
time"
President Mcleod leaves for Phi'alcl-
phia this att, rloon.