New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1894-01-11
public his honesty and integrity had never been
questioned.
Judge Wallace reserved decision
BELIEF THAT AFFAIRS ARE sEN1NG FOR
TREATY BETWEEN IT AND THE NEW ENGLAND

Is THE NEW-IIAVEN MORE PEACEFUL?
BELIEF THAT AFFAIRS ARE SHAPING FOR a
TREATY BETWEEN IT AND THE NEW ENGLAND
ROAD EFFORTS TO SECURE TIE SEP
VICES OF CHARLES PARSONS.
The presentation of the name of Charles Parsons,
former president of the New-York AMI New-Eng-
land road as permanent receiver Of the company
at the proceedings yesterday gives color to
the rumors In Wall street that a considerable
stockhodlng interest is seeking TO secure Mr.. Par
sons's services again. Mr. Parsons wrested the con-
troll OF the company from the Notwithstanding
Corbin party in 1892 H. undertook to manage the
road on businesske basis. and TO re-establish its
finances he did successfully in the case of the
Rome. WATERFOWL and Ogdensburg road. lie pro-
posed an issue of bonds to place tho property In
excellent shape. and insisted upon the establishment
Of A voting trust for the stock. to relieve the man
agement of constant efforts to wage warfare in
the stock market against the enemies Of the New
England road The intrgues of the Ncw-No
ewHaven and Hartford defeated the voting trust
plan. and the Mcleod party seized the control in
the summer Of 1892 Many New England stockholm
now regre; their lack of appreciation Of Mr.
ParsOnss efforts an their appeal 10 him now may
not meet with response. Mr.. Parsons hin1self yes
terday said that NJ was through with the I"W-
England" and he would not consent to undertake
its management.
But the impression is growing that vigorous
complete wreckage II Is believed that the New
Haven road is prepared TO treat Tor an ainlCdDi'
arrangement with the New England. by which the
latter shall abandon its ambitions to secure an IN
dependent entrance 10 New-York city and the New
Haven shall agree permit It's rival 10 enjoy fair
share of traffic in territory naturally tributary 10
ii. 1t H. said good authority that the New
Haven has abandoned the idea OF trying 10 buy IN"
New England road al foreclosure sale even for IN"
simple cost OF the first mortgage interest If TINS
be true IL follows that the Ncw-ilaVen Will aban-
don any attempt to harass the efforts OF legitimate
security holders to reorganize the New England
road. ana treaty Of peace between the TWO prop
critics would end a strife in the states east OF the
hudson River which has been hurtful To the New
Haven In many respects and has furnished the
basis for speculative operations which at times have
been a scandal in Wall street.
Should the two companies reach a HARMONIOUS
agreement, of course the New-York New England
and Northern enterprise Of Mr. Mcleod would fan
70 the ground. and Mr.. Mcleod himself would be
compelled to seek other pastures. IL Is suggested
that the recent political changes In the Assembly
committee appointments may have had some ini'u-
in altering the attitude of the New-liaVen
the New York and New England. is president OF
important interest in New England Railroad stock.
Chauncey NJ Depew and J. Pierpont Morgan are
directors Of the New-Haven read. and their inilu-
ence would count for great deal In shaping the
policy OF the company toward the New-England
road. Whatever political points may have entered
into the matter. II is believed that there Is good
prospect of an ultimate agreement between the two
roads