Morning journal and courier., 1893-09-08
CORPORATIONS CONSOLIDATED.

Three New Haven Street Railway Corporations Consolidated Under One ManagemenI-The State Street, l Whitney Avenue and Morris Cove
 KOads.The New Haven Street Rail.
 way Company.
 big consolidation of street railways in this city has just been fully consummated | and the details are as follows:
 The New Haven Street Railway company has purchased the State street and Morris Cove street railroads. The purchase takes with it the control of the Whitney Avenue horse railroad, which is leased by the State street road. The consolidation was practically decided upon and effected last week, but the final work was not com- pleted until yesterday. All the property of these three railways has now been trans one management.
 Tho New Haven Street Railway is an organization which was incorporated by the last general assembly, it's object being the consolidation of the street railways named above and of any other lines in the city, if found expedient and practicable: With the consolidation is contemplated, of course, the extension of the various lines as already has been authorized by the gen eral assembly and the use of the franchises of the several companies which have been thus consolidated; as also the ultimate ab- sorption of the Lake Saltonstall Railway company with its rights and franchises. The road to Lake Saltonstall will be l built, as is now fully contemplated, from Four Corners in the annex to the lake, go | that the road will be in operation next summer. It is intended to have the Lake Saltonstall electric road in operation by
 the 1st of July next.
 The State street and Morris Cove roads defined charter rights. The work is in 1 progress now for the connection of the State street road with the Morris Cove | road. The route Is from the State street ! road through Jame' to Lombard, to Ferry l street, to the Morris Cove extension, It is | also proposed at an early day to build the extension of the Morris Cove road through ! South Quinnipiac street to Grand avenue.
 It is hoped to have this extension built by next winter. A force of one hundred men is now at work in Fair Haven on the State street connection and | in the erection of the new electric power house. The power house will be one of big capacity, capable of amply supplying all three lines with all the power needed.
 It will be large building, taking soc, ,00e
 brick in it's construction. The cost o1
 the contract for the piling work for the
 foundation of the building was SIG, 1000 quite an item in itself. MT. George M
 Grant has the contract for the mason
 work, and will begin work of erecting the
 building next week and will push it rapid ly. It is expected to have it done in time
 for winter.
 To provide means for all this develop
 ment and for work done and to come fl
 the future a first mortgage of 5000, 900 hal i been placed on the entire consolidated
 property. It is placed with the American
 Loan and Trust company of Boston a
 trustee. Only portion of this money will
 be used at present, and the balance will D.
 used as required.
 The officers of the new company hay
 bsen chosen and are as follows: President ! David Corey, who has been president o ! the State Street Horse Railroad compan
 for several months past; vice president, A. Warren, who was for many years presl dent of the State street company; secre l tary and treasurer, George A. W. Dodge who has been manager of the same roa for some time past; directors, David Go ! toy, O' 1A' '" Dooso, AAomon Au'A ' New York, ex-Governor Thomas M. Walle 5 of New London, Charles A. Warren, S , Harrison Wagner, Eli Whitney and Will jam J. Atwater. The new company ha power to increase It's capital stock to tn
 extent of the authorized capital of tn companies 1t may absorb.
 II A large part of the stock of the ne, corporation is in a few hands. Th :, stockholders as a whole, it is learned, al pleased with the new arrangement an l with the plans for the conversion of thei l holdings into the general consolidate
 ! stock.
 The company expects to have the who !. system operated electrically by the comir + winter. The system includes now sixtee l. miles of road. When the extensions al
 completed 1t will operate about forty.