Morning journal and courier., 1892-12-17

sffectually prevent the lease of the road to the New York, New Haven and Hartford n any event.
 Friends of the Boston and Maine deal claim either that the Boston and Maine has secured the few shares necessary in addition to those already secured in order to give them the controlling interest or that there will be no trouble getting them. |
 Among the Springfield stockholders who | Insurance company, 700 odd shares; Mar | win Chapin, 200 shares; Springfield Fire | and Marine Insurance company, 500 shares; W. c. Simonds, over 150 shares, and others in smaller amounts.
 F. H. Prince of Boston has conducted the negotiations with all the Springfield parties. --.-...- ..-
 He says that the stock was purchased for about $310 per share and for cash. CONFIRMED BY BOSTON BANKING HOUSE
 PAID $31O PER SHARE.
 BOSTON, Dec. 16.-Banker F. H. Prince of this city confirms the report that he has bought controlling interest in the Connecticut River railroad in the interest of the Boston and Maine and the New York and New England roads. The stock was purchased for about $310 per share and for cash.
 CONFIRMED BY PRESIDENT CLARK.
 BOSTON, Dec. 16.-President Clark of the New Haven road is in Boston this after noon and states that he has no reason to doubt the claim made to him by parties in terested in the Boston and Maine that they had secured control of the road in ques- ton.
 lo~1r =, 4o4o k1,okk i, T4, necttcut River management made @ fair and square bargain to lease their road and promised to recommend the carrying out of the arrangement to their fellow stock holders, and their subsequent action looks rather singular, especially that of the gen. tleman who promised to turn in his own proxies and to secure the Boston proxies the following day, but instead proceeded to work in the interest of the opposition. The Now Haven people do not propose to contest the possession of the River road at any such price as it now commands in the market, as it's control would not warrant it.
 Colonel E. c. Smith, president of the Central Vermont, who is in the city, gays the change will not affect his road, except to bring it into closer relations with the Boston and Maine railroad, with which his road is on very friendly terms. President Clark of the New York and New Haven was interviewed tonight. He said: q really have nothing of any con- sequence to say about the matter. It does not make any differ ence to us. The Consolidated road has no anxiety to possess the Connecticut River road and we shall be able to get along | very we'll without them. They had wanted us t9 have this road for some years would 20 into partnership with tAem and 1 give them the same dividends we are pay ing ourselves. We would not give them any preferences over ourselves, but if they wanted to lease the road to us under these | terms we could take it.''
 Mr. Clark told of the steps taken by the Connecticut River company towards leas- | ing the road to the New York and New Haven, and expressed his disappointment that they should after agreeing to a trade l nullify it in this manner.
 WHAT VICE PRESIDENT FUTILE SAYS. Vice President Futile said last evening | in an interview: I can add nothing new to the story about the Connections River road | matter. If the Boston and Maine have it, and we suppose they have, it gives them | access via their Central Massachusetts road to Springfield and other local points on the Connecticut river road. We only know what we do about the matter from the press dispatches, which seem to come from Boston and Maine sources.
 l SOME PAID AS HIGH AS $315 PER SHARE BOSTON, Dec. 16.-Lee, Higginson & Co., are also identified with the deal, which 1 was consummated at 2:45 p. m. to-day. As high as $315 was paid for some of the stock.
 THE RusTNEss DoNE OVER THE ~ D D D BOSTON, Dec. 16.-The Boston News Bureau says: The action of Vice President F. H. Prince of the New England in pur- chasing the Connecticut River road after it had been unanimously leased by the direo- tors and turned over to the operating de- partment of the New Haven road is re- garded as the most brilliant railroad coup ever made in the New England railroad field. The Connecticut river road is, the main north and south artery of central New England, and it's acquisition would have been of value to almost any line in New England, from the Canada Pacific to the New Haven road. It's lease by the New Haven was another direct blow at the New York and New England, which the New Haven so long desired at its own price. The Connecticut River road deliv- CTS to the New Haven at Springfield from fifty to sixty-fve loaded cars each day and receives from sixty five to seventy five per day.
 The Massachusetts Central delivers to the New York and New Haven at North ampton from seventy five to eighty five CATS day and receives therefrom an aver age of about no cars.
 The Boston and Maine delivers to the Norwich and Worcester at Worcester be- tween seventy and eighty cars and receives seventy five to eighty-fve cars.
 These estimates are only for loaded cars. They show in @ measure the importance of the Connecticut River to the internal traffic of New England.
 SURPRISED THE NATIVES IN BOSTON.
 NoRTHAMPToN, Mass. Dec. 16.-The pur- chase of controlling interest in the Con- neoticut River railroad by the Boston and Maine road surprised the natives to-day. It was suspected by some of the directors that such a move would be attempted, but they did not think it could possibly suc- ceed. The change ofsowners and failure of the Consolidated to complete its lease of the River road is very much regretted by leading citizens here, as it was thought that this oity's interests would be best served by union with the Consolidated
 
 grade crossings in the city and given Northampton one depot and better facili- ties everywhere. The officers of the Con- solidated road were in town to-day, look ing over the ground for the purpose of de- ciding what they would do when the lease of the Connecticut River road made by the stockholders of the Consolidated, which was expected to occur December 23. It was hinted that the direct route of the New Haven and Northampton railroad to Northampton would be abandoned and the Mount Tom branch of the Connecticut River be used instead.
 Entertainment at Harmonic Hall.
 The entertainment to be given at Har- monie hall Monday evening, December 19, promises to be an event of great local in- terest. Prominent New Haven society people will take part in 1t. Miss Story of ! New York Is training tho actors in the | three plays: 'Tn Honor Bound" "A Marrow Escape" and My Lord in Livery.n