New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1895-07-12
NEW-ENGLAND AND READING
WALL STREET TALK ABOUT THE RE-
PORTED DEAL
IMPossIBII1TY OF SECURING CoNfihMAiio'
GENERAL FEELING THAT THE coMBlNA'
o., ,.or ,NppocapYE


GENERAL FEELING THAT THE coMBlNA'
11oy IS NOT IMPROBABLE.
7. vas imnossble yesterday TO obtain here
confirmation OF the report thai me plans nave Deeh
,orfec,aa FOR the carrying out OF a great railroad
t., NV which tho interests OF the Ncw-York and
Hew-Ene.and and the Reading airoads VIII De-
come united by traffic arrangement win 'hose
OF the New-York Central. Boston ana Albany! anu
New-York Haven and hartford ra''roa'S
through J. p Morgan and his associates VINO are
said to have secured control OF the Reading Rail
road as we'll as OF the NewYork and New-thginho
Tho carving through Of such deal wouiu De
revival but under far different auspices OF the
famous scheme OF a. A. Mcleod. when ne I'eu W
combine the Reading with the New-forK ana We"
England and Boston and Maine ROADS IN one s'ea'
system The Mcleod scheme contemplated ss'
ten, reaching from Philadelphia across the huoson
and Central New-England into Boston, and thence
northvard. taking in the Boston and Name. ana
southwark the Old Colony system
But the combination now sn'd TO pc con.e,p.''s.
by T. =. Morgan and those Interested wiz" NM "
outlined would BE- even greater ana NOR az
portart than the scheme evolved by MI "o M.
for II contemplates not war. but peace ana ANNA
,,on with the great New-York Central ana new
uaven svstems Interests represented by MT MOT
gan are closely identified with the Jersey ce",' d,
and other great coal roads. anu ha''"o"' " '
direction could also he arranged
n combination
Reading system secure outlet for It's coai III
owrny,ond territory but (, would make the
controlling interests masters OF the "-rns'a''"
ro,e sltuat,on and have an important bearing OF
Western rates
weu-,rformel men in Wall Street and railroad
circles Yesterday were not disposed 10 ru'cuc '"e
story: in fact they were inclined to du'te inc op
s,.a Onr,on. v.re EXPRESSED that something OF
the kind was quite possible. though II would be
serious turn OF fortunes whee' 10 h"u MI ''o'e'
to whom. than any other man was uue' inc
failure OF the Mcleod scheme. Adopting !" es
sentiai features the very plans "n'" "e'o ~"
vanced by Mr. Mcleod two years ago ana ehoen
IN disaster The Mcleod scheme connected the
Rcod,ng and the New-York and New England sys-
tens by means OF the Philadelphia. hea'ins anu
New England road. a small ROAD running ACROSS
the Poughkeepsie Bridge. The first mortsagc bonus
NJ the road were guaranteed by the Philadeipha
and Reading Railroad Company should com
hina,lon such as reported become fact. the Pha-
delpha. Reading and New-England Is likely again
70 be the link connecting the Reading ana New
England.
That interests headed by !. y. Morgan now con-
troll the New-York ana Now England road was con-
nr,nei on Tuesday by Vice-Prcsdent Hall. OF the
New-York Ncw-Haven and Hartford who said In
an interview had with him In Ne~-Hnven; The
New-Engand road was bought by Mr.. Morgan 'or
his own use and for the use OF his friends. 10 SELL
10 give away 10 do what NJ wanted 10 "i'h'
and wagon and ne will dispose Of 1t rs he secs Mt
Wall Street generally translates the friends OF
Mr. Morgan In this case to mean the Standard on
Company interests. and more especially "illiam
Rockefeller. The same interests are known 70 con
troll the New York. NewHavcn and Hartford roah'
OF which the ew-England has long been "a weaker
rival Vanderbilt and New-York Central interests
are also strongly affiliated witb them
For some time past {, has teen understood tna'
Mr. Morgan was going 10 interest himself In the
troubled anthracite coal situation, Executive o'-
ncers OF other coal roads have long been pointing
at and complaining that f. was the Reading that
was the disturbing factor IN the situation Ihey
have said that with the Reading In strong hands
tho coal troubles would be settled quickly the APP
pcarance OF Mr.. Morgan last Monday at co oI,
encc with the Reading Reorganization Committee
has been accepted as an Indication that ne VIII uh.
derake the reorganization OF me great nnnhtSp,
nroperty But runors have been going around that
Wr Morgnns Interest in the situation is OF much
closer character than a mere general intention OF
The control by him OF the England road
secHT S by kong ina anu GSden i he rep
rcsanis have the control nov OF majority OF tn'
s,ocS sells Il il now rumorsi tina, something
similar has been occurring In the markci IN con,
cang Of Reading Ncw-York houses SAID
have Dough, 1900 shares OF The stock ana now
issue This is the nrs, time that ihe control OF
Reading has not been held IN hsIasIessi and
Read,ns REORGANIZATION Committee said yesterday:
I'M
,bo. large purchases OF Reading stock Tor some
lime nast represent buying by Msrgan-Rockefeller
IT, and am inclined TO think that some such
reported tran agreement IL By no means impos
other Wall Street and railroad men. obscrvan; OF
affairs expressed similar opinions
aD "a, The Once OF J. T. Morgan co no afrma-
ton or denial OF the reported pending Reading
Eew- ENGLAND combination could be obtained j. J..
Morgan. IT,. said: The nrm has no statement 70
make we nS % wo a na@e Nine az for f anR"
else They vii, be getting mp connection next:
s,nnose between New-England and Union Pa
cilc' - -, -, 49,, ,
;ioned in connection with the control or the Read
ing and the New-York and New ENGLAND A. MS
office I'm the Standard Oh Building. his private sec
rciary speaking for him. sad he had no connection
whatever with the matter. William Rockefeller
sent word through his private secretary. that al
he knew OF the rumorcl combination was what lie
saw In the newspaper
President Clsrk OF tho Newyork. New-Iaven
and Hartford Railroad " In Europe. Vice Prssl-
dent Hal was In New Haven yesterday after
noon and said. II am unable 10 say anything con-
ccrning Ncw-York and Ncw-England AFFAIRS at
present" ,
He declined TO talk further. The Impression In
New Haven Is that there II a deal Oh.