The Portland daily press., 1893-03-07
RAILROAD RUMORS.
Peace Or War Between Two Great
Corporations.
THE NEW HAVFN MAY ENTER NEW
HAMPSHIRE AND MAINE.

A Reported Alliance Between the Boston
& Maine and the Great Connecticut
Road-The vanderbilts Have Their
Grip on the New York and Northern.
BosToN. March 6.--The Boston News
Bureau says: At the meeting of the
Boston 6 Maine railroad directors week
ago today, Director George G.. Haven,
presented a request from j. Pierpont
Morgan, that a committee of the Boston
& Maine board be appointed to consider
the railroad situation In New England
and see if an adjustment Of differences
between the Boston & Maine and New
York, New Haven & Hartford Railroad
Companies could be arranged Such
committee was appointed and will hold
a conference with the New Haven people
in New York this week, meeting COM
mittee of the New Haven board. We
heard several reports that the New
Haven directors are prepared to submit
an offer for the purchase of the Boston
& Maine road; other reports say New
Haven desires an agreement with the
Boston 6 Maine, whereby the freight
traffic of that system shall pass over the
New Haven road, and still others that
the New Haven desires to negotiate for
the purchase of the Connecticut river
from the Boston & Maine. Yet another
report is that the New Haven desires
distinct understanding as to whether 1t is
peace OF war in New England between
the New Haven and Boston & Maine in
terests. The key to the present situation
will probably be found in the
fact that the New Haven realizes
that it has not yet secured the
New York and New England or broken
the power of the Reading Railroad COM
pany. The Boston & Maine railroad, we
understand, now gives to the Old Colony
railroad a traffic amounting to more than
$1. .0OO. coo per annum. If the New Haven
road, now probably to control the Old
Colony, becomes aggressive, it may en-
ter New Hampshire and Maine, but
would, of course, sacrifice the present
business had from that territory through
the Boston & Maine.
The committees appointed by the Bos
ton & Maine and New Haven roads are
rs follows: For Boston & Maine, Messrs.
Haven, Jones and Lawrence, for New
Haven, j. P. Morgan. Rockefeller and
Bishop. These committees Will meet
this afternoon. The conference is ex-
pected to continue for several days.
The Vanderbilts will soon have possess
sion of the New York and Northern rail-
way, the control of which was recently
purchased by j. Pierpont Morgan from
William C. Whitney and Col. Oliver 81.
Payne.
Chauncey M. Depew this morning said,
I'VE are willing to take the New York
and Northern and always have been. 1t
is now only matter of satisfactory
terms"
..Will Vanderbilt acquire the New
York 6 New England to use with the
Northern in making UP line to Boston?'
was asked. esa
ssWe would not take the New England
as gift" said Mr.. Depew.
The formal transfer of the Northern
will. it is expected, take place in few
days.
NEW HAVEN, Conn.,, Harch 6.-Both
President Clark and Vice President
Tuttle, of the New York & New Haven
railroad, left town early this morning.
Their views of the Boston News Bureau
Boston 6 Maine story cannot be OBJ
tained. All the local directors of the
road, too, are out of town. It is believed
they are in New York.
A reporter called at the residence of
President Clark last night. The presi-
dent said the rumor which had rppeared
in the papers with regard to the consoli-
dated roads wishing to purchaae the
Boston & Maine property was absurd.
Upon other points he maintained a dis
Greet silence.
A director of the road, believed to be
N. B. Trowbridge, was next seen, and
without hesitation broad denial of the
rumor was entered.