Morning journal and courier., 1893-02-09
THE OLD OLONV DEAL.

| There has been "a hen on" in the Con- solidated railroads nest for some time, and 8 very important matching has taken place Moreover, 1t Is not believed that any chicken thief will succeed in getting away with the product of the ''set" | this time.
 The people of New Haven have watched l the progress of the deal between the Con- | solidated and the Old Colony with the deepest interest. So intense has been their | interest that ths newspapers of the city have felt obliged to do their utmost in l order to relieve the suspense of their readers. We fear that in doing 1t they have occasionally deprived some very eff cient and tired gentlemen of much needed very hard for these gentlemen to tell the truth without telling it. But the battle is over and We hope they will now get few nights of unbroken rest, They deserve 1t, for they have worked hard and have been as courteous to the persistent reporter as anyone could be expected to be when sud denly called upon in the dead waste and middle of the night to stand and deliver. They have also shown great ingenuity in 50 handling the truth that they did not drop 1t and break 1t beyond repair.
 The new deal is an impressive one and a necessary one. The Consolidated greatly needed an entrance of its own into Boston. By this plan 1t gets the most direct and the most natural enc for it. It also gets much more that is worth having, for the Old Col ony company is sound and prosperous, and it reaches into much valuable territory out side of Boston. The deal Is in no sense a speculative one, and 1t Is not to be carried out in speculative way. In this fact lies its safety. Tho taking in of one pros- porous and paying railroad by another for mutual protection and benefit is 6 very different thing from the wild gobbling pro CESS that has burdened and even bank rupted many of tho railroad companies of the country. There is apparently nothing in this deal of threatening nature to the stockholders of either company. It is ap- parsntly thoroughly wise and safe move. The management of the Consolidated rail road has never been speculative. The smallest stockholder has been ss we'll | looked out for the largest, and they have all had some pretty fat pick | ipg. The directors of the road have not moved the stock up and down in Wall street, but they have managed 80 that 1t has moved pretty continuously and surprisingly up. They have the entire confidence of all the stockholders but MT. Good win, and we sometimes think he be- lieves in them, but feels obliged to be a pessimist as 6 kind of set of to the en- thusiastic optimists whom he finds him self surrounded by at the stockholders meetings, and who have had their optimism sbundsntly justified and encouraged by big dividends, bigger "rights" and start ling increase in the price of their stock.
 It is a wonderful record that ths Consol- idsted Railroad company has made. It has had but one really serious setback in its long career, and that (the Schuyler fraud) is now almost forgotten. It has gone from glory to glory and from money to money. It has dropped fat ness" for all who have had faith and money to buy its stocks and bonds. It Is now blossoming out and showing It's full strength and resources Say what any. body may. it is the pride of Connecticut and especially the pride of New Haven
 where it's headquarters are located and fol
 which 1t has done much. May its shadow never grow less nor its management change from legitimate to speculative one.
 Great benefits 10 the public are oertsir
 to come from the new deal. What thu effect of 1t will be on the stock of th'
 Consolidated road tims alone can tell
 Those who have been selling 1t short anc
 publishing ali kinds of yarns intended tt
 be harmful have found that the stock
 holders do not scare costly. They will no
 bs scared as long as the directors of thu
 company buy only valuable things that vii
 nearly or quite pay for themselves ant
 will add to the earning power of the com
 psny.