New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1893-03-12
AN ALLIANCE FORMED.
NFWENGIAND RAILROADS AT PEACE-
REPORTS OF COMMITTEES OF THE BOSTON AND

REPORTS OF COMMITTEES OF THE BOSTON AND
MAINE AND yrw-HAyEy LINES RATIFIED.
The warfare between the Boston and Name anu ~.
New-York New Haven and Hartford railroads, ""',"
was precipltated by the influence OF Preslde,' ~ -.
Mel cod OF the Philadelphia and Reading mas peen
Terminated In It's stead has been estaDiisneu al
alliance that will bring the two systems i''o LA"
and will reduce the Mcleod element In the bos'o"
and Maine TO a subordinate position as factor 10,
creating disturbance and controversy III 'ne ~
situation OF the New England states
Yesterday meetings were held III bos'oh VI
d,rec,ors Of the Boston and Maine and at the oranu
Central Station Of the directors OF the Newman
road, to receive the reports oil the speciii eo,''
OF the respective companies on the SUBJECT VI f
sible alliance. The Boston and Maine co'nN'
was composed Of Frank Jones. chairman OF "e
ecutive committee: George G.. Haven ana Sa""'i
Lawrence The New-IIaven committee con'is. ', VI
7 ptorpont Morgan william Rockefeller ana Within
D. Bsbop On last Monday the two committees 'o"
ferred In this city, and agreed upon the reco''''
lions 10 be submitted to their respective o"a'"'
ros stated at the Ncw-IIaven Office yesterday 'h"'
kilograms had been received from Boston, 70 the e..
that the Boston and Maine directors had aPpro''' Wv
report OF their committee. The Ne"-""'e' vs. ~
assembled nj and approved Inc 'ePo'' VI ~
Morgan Rockefeller Bishop committee.
Th. apreomcnt thus ratified provides TOT di'isio"
~ New England territory and close trafhc aihahoe
between the Boston and Maine ana inc w" A.,
oads II ,s the understanding that the two roads
shall interchange business as closely as po'''''' ",
I'LL nro,cct each Others traffic by all means avail
allie No details are made public, but these WI" W
tbc matter OF future arrangement by subordinate OH
ors Tho arrangement provides that the territory
ror,b NJ the line OF the Boston and Albany Railroad
shall be considered belonging to the poS'o' anu
Maine while the territory covered by inc poSo' '''
Albany and The country lying south Oh 'ha' roa" "'
bc left undsturbcd to the Ncw-lork, New-hA'eh "''u
rar,ford The action OF the New-IIaven board was
unanimous -
,,.,no and the Ncw.Ilavcn roads will probably end Mr.
MI cod influence I'm Boston and Maine affairs. Inc
,rrs ~ tho treaty II observed In good fath VIII
nrevent any attempt OF Mr. Mcleod to nniagonzc 'he
yewIIaven interests II IS believed 10y w"ilIhior''"
railroad men that the retirement OF MI McLeo" "o"'
tho presidency OF the Boston and Maine ~ "o" III
eyitable This occurrence may be postponed LOT so'
lime because II is no, yet evident that ne ms o0"
forced 10 sell the Boston and Maine STOCK "m'n ~
nurchas.d with n view TO assuming control OF tha'
,d put even II Mr. Mcleod retains the tte' ne
has evidently been shorn OF his influence. 'i'e wv
,,v ~ alliance with the New Haven could not nave
been carried through.
Interest in railroad circles will now be fixed upon
the meeting OF the stockholders oil the Me-" 'o'" ,,'
New.Engand Railroad. 10 be held next TUESDAY W
Mel Gods friends still assert that he VIII s"'''''
Charlie, Parsons in the presidency. shonid tN pio'
IN be true the victory may be- n barren one Inv
NewYork and Northern IS held in the Interest OF inc
New Haven Road and the Vnnderbi's' ana 'he w.
York and New England, TO obtain mn eh'rhh'c NV, ~.
Sou.y or,, CITY, must devise new plans. IL may "'
longer look either for the backing Of the Boston anu
Maine II Is possible that In any event 'hc ''""e
mower that the Reading receivers NAV auehp. " ~
crcise ut the New England meeting may Dc 'ha''n-'
II * generally believed In Wall street 'ha' P''' VI
the New England stock bought by Mr. McL'od anu "''
friends and accepted by the Heading receivers III :.
uoh,,,v Of ,be Reading Company has been soid ana
that therefore. Tho proxies held IN inc "oL''u VI
Reading interest do not all represent actual OWNERSHIP
should no contest be made over tie New orh anu
Now England presidency the now management wiz
undertake 10 conduct It's affairs with hosuic '''''
around It and it, Eastern ally standing aoo''
The repor OF the Reading receiver " MAD" p"p"'
at once might clear away much oil the mystery ''"
.rroundinc the prospect, OF the New York and New
England road There Is general reluctance MINUS
neope interested in Reading 10 take action unui me
receivers furnish some idea TO how TIE hhh"''"'
affairs of the company are complicated By the ''n'
action OF Mr. Mcleod IN IN" New'tnghhu STATE
The first public notice gwen OF an orghhhau'" pS VI"
Reading income bondholdcrs has been gwen III '"' ~"
nonnccmcn, that a provisional committee mas o''.i
,ormod composcd Of George Coppen. Of Naiiiann'
ybolps 4 Co.; william Mertcns, OF L. Won hnhhatn
a CO..: John d. Probs. Of J. d. Probst q 90. isAar y
-eligman, Of j. 4 ". >enemnn q 20, anu g., =. M
nedv Tod OF J. kennedy Tod " Go. Mr M"fteis W"
ier,ay said that the committee was no, hc',ss a. a.,
verse TO Mr.. Mcleod. but hnd Simply Been ,op""o9 c
a.. ,ro,ection of the bondhOlicrs. No phn Oh u,
lion had been decided upon and no steps couin ~
,ivrv bc taken until the receivers gave some "e' :"
tho financial condition Of the properly. -, ,,,.A
FIX senator Plat was ,ccn lasi ev.nng o, "a" owncr
,tn q, "a 600 shares Of Boston and Maine Faii
road stock he said Yes. have seen N" S,ory nu,
~ ,,'nr. ~ The PROPERTY. tn. whole story Is
airr",Ion II IS true that the Reading Railroad ms
some stock. stated ana INTENDS 10 Keep IT, '"'
| have none"