New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1893-03-16
THE CHA IN NEW.ENGLAND.
WHAT PRESIDENT M'LEoD SAYS OF IT.
III PLANS HAVE NOT BEEN ALTERED FROM THE
.TRsT-ROLLI NC STOCK OF THE
EOAD ATTACHED.
ROAD ATTACHED.
IBY TELEGRAPH TO THE TRrpr>E.1

lBY TELEGRAPH TO THE TRIBUNE.
Boston. March 1j.-Ircsidtnt 4. A. Mcleod. Of the
! New York and Kew Fl gland Railroad Company,
was Yorng's Hotel early this morning 10y
n reporter. and asked If he would answer few
questions concerning his election yesterday. lie
replied in the Affirmative. The questions put were
direct ones Mr.. McL' DDS replies were rs follows
| 1.-THE Ncw-York and New England stockholders
vote Yesterday not n mere election by proxies.
cl' ction 10y the real owners Of the property.
Why. a matter Of fact. there stood In that meet
Ing three men who have owned for some time.
and still own, $1,000 shares OF New-YOrk ard
New England stock. and they own II themselves and
| not for anybody else. The talk Of the purchase
Of the New York and New England simply for control
| Is ncnscnSe. think there We're two individual
| holders OF New-York and New England IN my party
who could stand the fire and were obliged TO
sell out, but the control OF NewIork and New
England Is owned to-day by leople whom l repre-
sent.
II never offered the presidency OF Ncw-iork ana
New England TO anybody else. have never changed
nv plans from the first, though people made
Reading 60 into the receivers hands. But the
Reading Is to-day stronger than ever before. ! have
no time 10 dabblc in stocks The idea that l could
operate the details OF these railroad properties, ana
lie dabbing personally in the stock market is nm
absurdIty upon the face OF It. ! give my time and
attention the business which employs me- and Il
my attention should be engaged In the street could
not give il TO the companies represent. Everybody
who wants know this confirm H. BY invcstIea-
ton. The people in Philadelphia know H. and under
stand me. The statement Of the Reading receivers
shows the total liabilities. The footed assets do not
include the bond collatcrals pledged. although the
ccatcras pledged are stated against the collateral
loans. OF course. the coal accounts pledged are In
cludcd In the assets but the securities Pledged arc
not. The simple truth is, as Is plain from the stnc-
mcnt i,sued that the floating assets. such AS
coal and coal accounts. material on hand and what
is due from connecting companies. will pay all the
floating liabilities. within $500 900. and Iince the
sI4.OOo,OOO Of bond coatcrals back In the treasury
Of the Reading company
President Mcleod has issued the following general
order:
George T. Randolph hereby appointed general tranlc
manager u the Ncw.York and NewEneand Railroad. To
take effect once.
All other officers. agents and employees OF the company
will continue o. in their present positions until
otherwise ordered.
\ dispatch 10 4" The Transcript from Philadelphia
states that the announcement that George II. Earle
has been elected a director Of the board II the New
York and New England Railroad !, due TO n mis-
apprehension. Mr.. Earle stated this afternoon that
he did authorize The Of his name, and that he
would decline 10 serve lie Is at loss to explain
the matter
President Mcleod said this evening. with reference
to the sczIr. Of New-York and New England Railway
property in Hartford that It shabby trick and
the work Of his enemies. II the read could not
reense III" property 10 morrow fr nj the sheriff lie
would do 50 from his OWN resources.
Hartford. Conn. March l5-What IS considered here
10 be- movement looking toward placing The New
York and New England Railroad In the hands OF n
receiver madc about 30 o'clock this afternoon.
sheriff Preston and posse Of deputies with sheriff
Tomlnaon. Of Mex Haven. ana two depLdcs went 10
East Hartford and attached the property Of the com
pany at the car-shops and yards. The attachment
Is made al the insiisation II sticlncy. Cunningham
Il CO., Pennsylvania concern with ofrccs In New
York. which IN, large hill for coal against the
pany. The attachment t. for 100000. james H.
Webb. o. the law firm Of Aling Webb q MNrchDiss.
Of New Haven, was with tbe sherns. on the ar
rival of the deputies AZ the yards. En- gneer Burrdgc
running the mogul engine no ~ from the CINE
house. sheriff Tomlnson informed him that " he
put him under arrest. The engine returned 10
the house. Master Mechanic Ilumstonc ordered all
engine, into the round house, and iel"eraphcd IN
superintendent Hammond for Instructions. sixteen
engines were put In the rOundhouse. The force q
employees. 200 men. stopped work and left the ynris
The officers attached all the belonging 20 the
New York and New England Railroad Company. The
officers cndcavOring 10 find partc, receipt 10
the sheriff for the amount Of tie at..hmcnt.