The daily morning journal and courier. [volume] (New Haven, Conn.) 1894-1907, 1895-06-05
LATEST RAILROAD NEWS
An OLD, OLD STORY AGAIN FLOATED
IN VAIL STREET.

The Consolidated and the New England
neutrality-suspicious. in New England
stocks-AnnuaI Meeting of the Air Line
Co.--The Consolidated Roads Smaller
Branches.
Vice President Hall Of the New York,
New Haven. and Hartford railroad said
last evening to Courier" reporter re-
garding the appended dispatch that it
was the old, old story on the subject
revived, a story that has been made
Ito do duty so often in the past ten
years in the history Of speculation in
the New England's stocks.
New York, June A report is in
circulation in Wall street to the effects
that interest friendly to New York
Central and New York, New Haven
and Hartford companies have acquired
sufficient stock Of the New York and
New England company to control that
corporation and that in a short time
the board of directors Of the New York
and New England will be changed to
accord with.the new state Of facts.
For some weeks past the stock Of the
New England has been quietly alb
sorbed by brokers working in the in
terests of banking houses identified
with the Vanderbi1ts and New York
and New Haven interests and in this
way a sufficient amount Of stock has
been obtained to secure control.
1t Is not likely that the authoritative
announcement of this fact win be given
out, as the plan of reorganization of
the New England railroad has not been
carried out
When spoken to regarding the above
report Mr.. Depew said he knew of no
such acquisition of the New England
road by the Consolidated and Wander.
bilt interests.
AIR LINE ROAD ANNUAL.
At the annual meeting of the Air Line
Railroad company. held in Middletown
yesterday, the following board of direc-
tors for the year ensuing was chosen.
president, Charles P. Clark of the Con-
soltdatedt vice president, Judge John M.
HaIfs Fl. B. Hammond of New York,
Governor o. Vincent Coffin, General T.
j.. Watson of Bridgeport, Hon. Henry
@. Robinson of Hartford, Leverett
Brainard Of Hartford, Silas F. Loomer'
of Willimantio, W. L. Squires, treasurer
of the Consolidated road.
The only change in the board from
last years membership was the election
of Treasurer Squires to fill the vacancy
caused by the death of Hon. Benjamin
Douglass Of Middletown.
HHH MERGER OF NEW YORK AND
NEW HAVEN BRANCH LINES.
"A dispatch from this city to last.
nights New York Evening Post says:l
The bill in the legislature which has
passed the senate, and, as amended in
the lower house, provides that any rail-
road company, after acquiring three
quarters of the stock of any wharf,
bridge, ferry or other railroad compa-
ny, may take the rest by appraisal, is
exciting much comment among holders
of branch-line stocks of the New York
and New Haven company, of which
large amounts are held by the greater
corporations under the recent plan of
exchange when the per cent. deben-
lures were issued. One of the most
prominent railroad lawyers I'M the state
says that undoubtedly the stocks of thejl
leased branch roads which the New Ha-,
ven company holds would be aVaila'ble'I
under the proposed law, but expresses |
the belief that the law itself is uncon- |
stitutional.
The last report of the Connecticut |
railroad commission shows how large |
an amount of branch and leased line |
stocks have been exchanged. The fig |
ures are annexed for the most import |
ant roads:
New York and Northampton-Tota1 |
shares 24,600, exchanged 24035.
Boston Air Line-Tutal shares SO, 636, |
exchanged SIPS.