Pawtucket tribune. (Pawtucket, R.I.) 1890-189?, 1893-11-27
A COVETED PRIZE.
Boston and Maine Gets The
Concord and Montreal.
MAINE CENTRAL IN IT.
Long Fight For Supremacy
Ended at Last.
The Canadian Pacific Likely to Secure an
Entrance to Boston.

bObION, NOV. no ucWs VI ~ pOWcT-
full railroad combination has Just leaked
out. Three leading railroads In two states
are concerned in It,
The trio comprises the Boston and
Maine, the Concord and Montreal aud the
Maine Central, with another In view yet
unnamed. The Concord aud Montreal
railroad as now made up comprises the
Concord rHiroad and the old Boston. Con-
cord and Montreal railroad, the formar
having forme ly operated 35 miles OF road
from Conc rd to Nashua, N. II. In the
course Of time IL took on several leased
lines. including the Concord and Ports
mouth railroad, the Nashua and Acton
railroad aud the North Weare a Sun
cook Valley railroads, which it helped to
COZ struct
IL had and now maint aims the control of
the Merrimack valley Later, about six
years ago. the Concord railroad and tie
Boston, Concord and Mont cal railroad
were consolidated under the name Of the
Concord and Montreal railroad. The
road was rich and valuable property and
has been for years a cove ed prize, much
sought fr by other C rporat ons, par
ticul,rly I g Bost and Maine, it's priuci-
pal rival in that state. The result has
heen ser es OF legislative bat ties between
the two roads that have attracted the at
tention OF railroad a d business men all
over the country. So intense has been the
struggle that the two roads have exp Ell
fortunes in the warfare and have practi-
cally controlled mt only DO b legislative
boiies but the governor as we'll
Jones' Hard work.
-Four years ago truce was declared and
the two corporations have since that time
worked more harmoni ,usly In the mean
time Hon. Frank Jones, president and
leading spirit OF the Boston and Maine
road, has become the purchaser and holder
OF large blocks Of Concord railroad stock
aud Is now one Of its heaviest stockh hold
ers. Under his management the Boston
and Maine has extended it's connections in
different directions and states until the
Concord road has been practically bottled
mp, having no terminals except those
under the control of the Boston and
Maine.
Thus placed at disadvantage, some of
the leading membars of the Concord rail-
road directory decided IL was best for that
road to cHpi ulate. and several months o
committee was appointed from each roai
to consider the advisability and terms of a
lease Of the Concord to the Boston and
Maine. Tnis joint committee held several
meetings in this city, and matters were
progressing smoothly when a change in
management, by which Mr.. Jones retired
from the presidency aud directory Of the
Boston and Maine, made u suspension of
NEGOTIATIONS necessary.
Under the new management a new
committee was, however, appointed on The
part of the Boston aud Maine, aud the
deal took on new life and energy. The
Boston and Maine men were ready to
lease, the Concord men ready to be leasel,
and such progress has been made that
nothing but the agreement upon minor
formal details and the passage of the
necessary papers remain to be done to AZ
compllsh the union.
BY the terms of the agreement the Con-
cord railroad will p 81 into the control OF
the Boston aud Maine for long term Of
years. The Boston and Maine railroad
will guarantee to the stock no ders Of the
Concol d railroad such a sum as will equal
the dividend of 10 Ter cent for years paid
by the Concord railroad. 1t will guaran-
tee to keep In It's present repair aud eaici-
eDcy the roadb,d, it's rolling stock aud all
OF its property, and to operate the same In
a manner equally advantageous to its
stock holders aud the public. Tue con-
summation OF the deal will end the bitter
warfare in New Hampshire, and prove a
serious blow to the personal ambition OF
the men "ho have been the leadiu spirits
In the strife
Covers Much Ground.
These memhers OF the Concord direc ory,
heau.d by Jonu II. Pearson Of Concord,
N. H., one OF the managing directors of
the road, will he obliged to retire from
active psrtic patton ia its affairs. 1t is
understood thai they will be replaced by
Frank Jone. aud others who have in tie
past been a sociated with the Boston and
Mine. BY tn accession to its passenger
and freight raffic Of eastern New England
it will have no competitor of consequ, nee
In either Maiue or n W Hampshire or he
upper Connecticut vail y Its connections
on he east will reach New b unswick
aud OIL the tn touoi the Dominion aud
the Grand Trunk system.
1t l. but natural tuat such q cons Ida
tion should lead to reports OF other and
equally important railroad deals, and IL Is
ALREADY sug4 e,ted that the next move will
bring about railroad business agreement.
IL nothinZ more, with tbe Read ng or
Mcleod interes 8 In fact, some people
who have be, n watching he receDtSc iols
of this somewhat erratic r 1 a. ma n 20
eau see he iius hand OF Mcleod through
out the euti deal, the consummstlon OF
which IL outlined above.
A railroad man VINO has q repntat on
for Looking iuto the future, and WAC five
years ago announced the union OF the
Boston and M.dns aud G ncord aud
Montreal n imminent, said; "rue
ncord and Montreal aud Boston
ami Maine deal means in tue near fu-
turs that the coItrol Of these important
properties will pas nto the hands or The
Csnsdlan Pacific railroad. This Dominion
corpoi sion has long been seeking. by a
buslnrss Az gr,ement or utberwise, to secure
an -u rance into Boston. The men VINO
will controi tie consolidated corporation
are o. tue most fire. ,dly terms with ,n.
Canadian officials, an = union OF Interests
Will follow ~ . mat er OF course. This.
and this alone. lead. me to regret the steps
thai havs han n