New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1895-03-12
RAILROAD INTERESTS.
STEAM LINES AND TROLLEfS.

STEAM LINES AND lhoii'Hi"
WALL, STREET TALK ABOUT THE NEW-hANEN
RAILROAD.
People in Wall street who comment on faii'oi
affairs in all parts of the country are thih'nS WIZ"
amused interest about the news from Coi"ec 'u
that the New-York. New-fiaven ana har,io'u i'a,
road Company is doing all that 1t can 10 hiiue' anu
hammer competition in Connecticut IN the FORM oi
the electric lines A"large part OF New-Jessey' III
Guiding all the region around Jersey ny, ->e
Elizabeth and other well-known citles III '"a' 49,
IL gridroned with electric lines tremendous u"
work OF these lines. with very sIna" meS"eo 81 -
net work. has been spread over the northern an"
,., s,a,ric,e of the State of New-Jersey me
yreot s,ea,n railroad companies, which nave Deeh
doing I'm preyous years enormous SuDurD""
traffic between New-YOrk ana IN" citIes VI w"
Jersey have no, gone TO the Legislature o' w"
Jersey and begged the competition OF 'he eice-
.r,c ii,es he cu off or prevented II Ia Of course
e,dent that when electric lines are run III Co"-
petitlon with great railroad systems OF Steam Iiie'
rho eteon, limos will lose part OF their short-trp
traffic but railroad managers OF brains OF ih''"-
gencc Of ability and enterprise. Ike the hi'h WIN
control and direct the affairs OF the vast fehnsy!
vanto Railroad DO not go to Legislatures appeal
ing TO them 10 save them from the coihpt''i"h
81 the trolley cars The New-York, New-haVeh
and Hartford Railroad. however holds the Lesis-
Iature Of Connecticut and the whole state OF ION,
necticut so completely In It's grip that " n '''
enough TO ask the Legislature 10 reiuse ~ s'"''
charters TO electric Ines which II thinks VIII inJure
It's short-trp traffic or course II s in the interest,"
NJ tho cities and towns and villages OF Connecucu'
that the largest possible number OF eiec'''c "neH
sbau no hu,lt in order TO afford the most extensive
facilities for intercommuncation. II IS YOUTHFUL
Wall street experts say II there IS any o'"e' -,
In the Union in which railroad company "'
have the ofrrontery 60 before Lessla'u'e a,'
ask that the competition OF trolley lines with the
- oral nj ODg'TiCteA
Connecticut IL a peculiar state win pe''"",
I eglsIa,ure and tho New York. NeV-HaVeh an"
Hartford Railroad has he'd that state ior many
wears with a clutch that 1t seems imposs'o'e ~
loosen.
VIII s,,ce, men who are familiar with the az
fairs OF the New-York. New-Iiaven and hartford
Railroad say that the stock OF that road. TO con-
siderable extent is distributed all over me STATE
NJ Connecticut In small holdings. each holder nav
,rg a few shares These holders OF the STOCK Oh
the New-York New-IIaven and Hartford Railro'd
are so numerous in the State. and so widely seat
tered in The Stat hat VIII the PsS SnnerSG they
arr obla MS A rule 10 control the l."gislAture;
H. the NepYork. New-Hayen sn5 H ibs, Pba
rompetitlon Of the trolley lines shall be- oostrue'e"
and hopes that IT. Application W' Gf law that
Wall Street Experts IA railroad ,n aTer pauro,d
the YORK New Haven and HaIttorG r'"tr,oS
,,aars n pail 10 per cent dividends on lts stock
and accun,ulat ID huge surplus IN adi'tion, Dut
ina he
"n1 was paving 10 per cent dividends, thctr t.,
rn-,s nv II was notorious for Overworhlng ~
men FOR cxactng from them wholy 49,
ami excessive hours OF work ana Tor paying 'HrN'
,nis.rly wages II proved some years aBp'
the experts say, that while IN" New oth' ~"
Haven and Hartford Railroad was paying ~ IsI
cant divdends II was overworking its men WIN
90 axcessive hours OF work. and these unfortuna,e
on,nioves " re- so exhausted that they were ph!ss-
r., ,,,alie Ia preVent certain accidents Wnicn %
,ry.d T., recent years this railroad mas apsofpeI
,ns, ~ ne mportan, railroads or Connecucul IIu
The big ola Colony system IN Mas IN YORK
IA Colonv system now part OF the Now lo,H.
~. Raven ana Hartford Railroad: mas man
49, t., southern and southeast Massac
'.', ,h. \av-- York New Haven and ttruoru hrl-
r,1 {. row by FAR the greatest ralroad corporalo'
In Xew- England except; possibly tIe ~. o. 49,
Maine People IN Massachusetts, VINO ~ Ito
I'm" a, ,he Old Colony Railroad say that sihGe
~ 'oid colouy was absorbed by the New 0rh,
rw-IIayen and Hartford the mahaes!n,enm' ia, ra
49,, a nnnttrious and nggardly disposltioh .id'
a, has beeu FAR from liberal IN deNeoPhs w
,owus and villages which are reachru py " M 4
and that generally Its management III It's u e. e.
eei'u,haas,ern Nassachus.tts hal not shown a uis-
,ositinn to treat the public literally ms fau,e
- larry out "A generous policy towart tne pso ,,
~ ,Lorncerstic Of this company. Many % w.
managers are old fashioned managers VINO 90 ho'
hciicve in spending dollar TO earn ter ou. De
live I'm "a Wing the dollar. Inc New toIN ~"
tI,rer ami Hartford Railroad has never been
narT. an" norrpraton in New England. excepting
aprrong us stockholders Its performances WITT
the connecticut Legislature have peeh Wen khoMn WI
In come pars Of Massachusetts IL Is critlcised ana
ensured and denounced with great severity. AZ
viii hardly venture to go before the MasTacnusetts
Legislature with an application 10 oostiuc. %, e.
barrnss competition from eiectr'C iaI" $50.
hui mo Connecticut Legislature Is very inherent
Saphl