New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1893-03-11
DIVIDING AN EMPIRE.
THE STRUGGLE FOR CONTROL OF NEW
ENGLAND TERRITORY.

CONFLICTING STATEMENTS ABOUT TIE PLANS
AND PURPOSES OF THE M'LEoD AND
AN11-MLEoD PARTIES IN THE
EASTERN STATES.
poston March 1O-"Thc Glcbs' says that whiie
President Mcleod tisapproves of any sort OF S'ac"'
AZ coming from him. his friends here thnk IL Is t"c
IN saw something and President Mcleod VIII not uens
any part of the following First, Mr.. McLeoi VIII
remain president OF the Boston and Maine system anu
Int one member Of directory is opposed 10 MS cong
go s.cond the Boston and Maine STOCK which he hei'
at the time Of the Reading trouble has not al an! mc
been offered to the New-IOrk Ncw-liaven ana Mart
ford or TO any else, but has been taken care vi
nv his friends and Is under his control; third VT.
Mel cod will be elected president Of the New-Englana
road next Tuesday unless he decides not to take he
Office fourth. the propositions OF the New fcrN >e"
Haven and Hartford committee TO the Boston ana
Maine committee fer traffic alliance VIII De ree0ou
unless they are very materially mo'lncd.
II has been asserted In New-York and elsewhere
that an agreement was reached at the New-iork con-
serence which would defeat McIeods plans ana that
the agreement would be ratified by the two boarus OIL
Directors ut meetings 10 take pace oa'ur""s' nv
Boston and Maine meeting will be held on oa'uru"s'
md when II Is held the committee VIII Simply MAN"
Its report of the Consolidatcds propositions winch
viii no discussed and rejected, and then the Boston
and Maine people will try their hand at making
propositions. A., ,.s,
"The Globe. gives the following history OF the last
meeting OF Boston and Maine directors: Inc iI>i'"
ton of Mr.. Haven. from the Ncw-ioiK' Ne"-i'"''"
and Hartford people, was presented ASKING ior III "
Inc to talk over some traffic arrangements MI
Mcleod sat ut the table and agreed with the o'her
directors that as they did not know what New-aVeh
wanted, 1t would be we'll to find out. Acco'o.nsV
no apponted the committee which went 10 New-icr"
listened to the NewLiaven people and came BACK
They had no proposition to make, maze none anu
tho NJ
people they were many, but instead Of proposing 70
Iiyide the country up between them and the Boston
and Maine and leave Mcleod out In the colo, the
principal point In regard to the Whi'e MOUNTAINS
and other passenger traffic Mr.. Mcleod was gus
toned as TO where he stood In the Reading anar. lie
frankly explained his position and explained IL !"
such a way that the member Of the Board VINO
had frankly suggested that Mr.. Mcleod had bett,r
GO withdrew his suggestion and the Board indvdia N
and as q whole expressed themselves as having the
greatest confidence In and sympathy for the p:eSi-
dent and that II, should lie sustained
As TO ex-Presdent Frank Jones's POSITION MI.
Jones has said that he had securities that he would
sell rather than desert a man when he was down.
II Is further stated that the ILL., 900 shares OF
New England stock which Mr. Mcleod held have been
sold but not TIL after the transfer books were coscd
and that the Reading rcceivership was due entirely
to the influence OF the Morgan people in preventing
loans 10 Mcleod.
day gives the following with regard to New-Eng
land Railroad matters and to-morrowS meeting OF d.
rectors:
1--WE have good ground for believing that tattle
of railroad receiverships NAV follow the battle OF
railroad treasurers IN this acknowledgements
Reading contest. The purchase Of 24c36 shares OF
Boston and Maine stock by the Reading Railroad Com
pany has been indcrscd by Its Board OF Managers.
The purchase Of the NewYork and Northern 1.-THE New
York and New England's rntroncc into New-lorh'
vas not offered to the Sewlavcn. In whose interest,"
It Is believed have been purchased, but was ten
dered to the Manhatian and as the trustees OF tha'
cenpanys treasury rejected IT, 1t has, We are informed
been put upon the NewYOrs Central, and that rail-
road treasury will probably take care OF It,
Railroad treasures now pretty vel niieo up
and We hear OF orders from both Reading ana new
Haven curtailing expenses. Tomorrow Inc New
Haven and Boston ard Maine boards will both meet
and ratfy for division OF territory nnoer
which the New-Havcn will have the right TO buy the
Boston and Albany without the interference OF the BIOS
ton and Maine treasury, and everything IN Nc"-fis-
land south of It, leaving the field clear far as Bos
ton and Main, Is concerned for the NewhaVeh u
tight 1t out with the New-tngand
"The New Haven agrees not to purchase secufluce'
roads or business interests in the NewEngand north
Of Boston and Albany, which means that the Boston
and Maine Is free 10 buy the Fchburg ana neht WIN
the Concord The Vermont Central, crossing both
these territories, be taken by neither. Bos-
trains and Pullman cars will go into the Newiork
Central depot for first time In history. and Wag
ner cars will 60 to Bar Harbor or ST. J0hn JOINT
trains will be and prorate OF cars Will be upon
q mileage basis. President Mcleod. Of the Boston and
Name approves of the contract and never objected
as has been stated from New York. to appointment
OF the Conference Committee Each company Will
maintain rates. and the traffic managers VIII make
their own agreements but In OF differences
reference Is TO the Board OF Directors and not 10
arbitration.
Tho compact Is for one year, and IS Terminated
on years notice. II the directors cannot agree
the years notice will be given.
1--WE informed that the New-lIaven mas con-
tracted for the purchase OF the Boston ana ALBANY
that the Reading interest controls the New York ana
New England through proxies and will take posses,
with by applications for recevcrship or legal con,
test In. the interest of the New-liaven. Railroad
treasures having been got into shape, an effort
will be made TO Gust Mcleod receiver OF Reading
TO make another midnight receiversIp for the New
York and New England. We believe both sides are
prepared for this recevership Tne Readng interest
has the proxies TO control me election. but not the
cash to hold the stock under such fire, but a re-
Ownership II not In cwiaven interests. will play
been maturing for three past. II there is a
fight next week New England, and the court
intervenes. Mr. Parsons would probably be the most
satisfactory receiver fer those who believe In the
NewEngland as property naturally tributary TO This
port, and 1t is moi believed that the appointment
or Reading"
QUIET FEELING IN WALL STREET.
THE MONEY MARKET EAsIER-A READING
STATEMENT DEMANDED.