Waterbury evening Democrat., 1892-10-27
THE READING ALLIANCE|
A Most Important Extension of
 the Trunk System.
DETAILS OF THE CONSOLIDATION.

The Entrance of the P. & R. into the
 Boston x Maine Has No Speculative
 Significance Hard and Soft Coal Traffic
 Will bs Benefited-Advantage to the
 City of Philadelphia.
 BOSTON, Oct. 27-The friendly alliance made yesterday between the Boston & Maine and Reading systems will un- doubtedly ly be very remunerative to both companies. It may be of interest to know that the aggregate mileage Of the allied roads will exceed 5000 miles, and that the combined system will carry oA it's pay rolls over 130, 900 employees.
 The meeting resulted in the resigna- tion of William T. Hart, a director of the Boston S Maine, and the vacancy was filled by the election of Archibald A. Mcleod, president of the Philadelphia & Reading Railroad.
 President Frank Jones, of the Boston & Maine, then rendered his resignation, and Mir. Mcleod was unanimously elected to the presidency in his place.
 The position of chairman of the Board of Directors was created, and Mir. Jones was chosen to fill it, being charged with the executive management of the Boston & Maine system as heretofore.
 The Reading will now distribute its enormous merchandise and coal traffic into New England over the Boston & Maine system, and Boston will be made the centre of the distribution.
 For some time minor details of the new relationship have been under considera- tion, but they were not fully formulated until last Monday, when President Me Leod met representatives of the Boston 6 Maine railroad in New York and mat ters were brought to a satisfactory con clusion.
 Mir. Mcleod was reluctant to take upon himself the cares aud responsibili- ties other than those now resting upon him; but after looking over the situa- tion carefully and believing that such an alliance would be greatly to the advant- age of both properties, he decided to take hold and to give whatever assistance he could to the practical development, and he trusts the successful operation of the property.
 After he hrrived at this determination he enlisted many of his friends and asso- ciates of large means, whose financial strength will be of great benefit to the property.
 It is said that the New York & New England road will be used as Q connect ing link ill certain directions, and, further, that the entrance of the Reading , speculative significance, but is entirely for the development of the property; also, that the large expenditures recently made ! by the Boston S Maine in the acquisition of the property of the Mclean Insane Asylum at Somerville and elsewhere were unquestionably made with this pending alliance in view.
 The effect of this alliance will not only be an advantage to the anthracite, but tC | the bituminous coal traffic. Apart, how i ever, from the coal interests, the consoli s dation means a most important eXten | sion of the Trunk system, which tht \ Reading management has developed. Ii ! means a new and great independent lint for the transportation of wheat, oil
 manufactured goods and general mer l chandise.
 | The advantage to Philadelphia, not l only as a manufacturing, but 8 commer
 cial centre, will be incalculable. Witt
 it's independent roads to the lakes by tht
 way of Buffalo, to the West and Soutl
 by way of Pittsburg and Baltimore, Phila
 delphia has, through this new Readin! 4 alliance, likewise it's own direct road t. !! New England and the Canadas.