Burlington weekly free press. [volume] (Burlington, Vt.) 1866-1928, 1896-04-02
RAILROAD MATTERS.
THE GRAND TRUNK NOT TO HAVE
CENTRAL VERMONT TO ITSELF.
Boston aud Maine and Other INTEREST,"
Looking Into tho situntion-Importsnt
Grand Trunk ChanGes-Ths Og-
donsburg Road.

| LOOKING Into tho SttuhtlOn-ImpOrtant
Grand Trunk ChanEes-Ths Og-
donsburg Road.
The comments on the part Of residents
of this State that have followed the an
nouncement of the appointment of receiv-
ers of the Central Vermont railroad can
not be otherwise than gratifying to the
management of that road. The hope has
been freely expressed that the control of
the system. which has been consolidated
and strengthened by President Il. G. Smith
might not pass into the hands of parties
outside of the State and his denial in an
| Interview published exclusively in the
Free Press, of the rumor regarding the
removal of the headquarters to Montreal
has had a reassuring effect.
That the receivership's announcement
has had the effect to direct attention
anew to the strategic value OF the Central
Vermont road as well as 20 its important
connections with through routes between
the West and cities like New York and
Boston, is evident from the following com
fnent taken from the financial columns of
the Boston Advertiser:
Consolidated Vermont 5s were stronger,
with sales at 10. Interests identified with
the Boston Maine and American Ex-
press management have sent an expert to
st. Adams to look over the books and
equipment of the Central Vermont 1t is
known well enough to attract buying Of
the 5s that the Grand Trunk will not
have the entire Central Vermont system
all to itself without counting In other in
terested parties. The Canadian Pacific
is wealthy and works in close conjunction
with the Boston & Maine and Is fighting
the Grand Trunk at every turn. Some OBJ
servers think that perhaps in deal the
N Y, N II. & II. might be allowed to
acquire the New London Northern in ac-
cordance with the agreement between It
and the Maine system to divide New Eng
land business. but the best opinion Is that
the Maine could hardly afford to let the
New London Northern so. Nothing moro
definite than that the Boston & Maine Is
not inclined to allow the Central Ver-
mont to fall into the Grand Trunks hands
by default has yet come out. This is the
reason the examination of the property
now under way Is being made
THE Ogdensburg & Lake Champlain has
a double chance with either the Maine or
tho New York Central and the acquire
ment of large block of the 6s by Chas
Parsons some time ago shows what one Of
the shrewdest railroad men in the country
thinks of the chances Of the line, split or
no split 1t is probable that the Consoll-
dated Vermont IS would be made D. c.
bonds in almost any readjustment that
might be brought about either one way or
another. Guaranteed by any corporation
that has money they would sell back to
their old price at p. c. quite easily"
THE OGDENSBURG ROAD.
Mr.. Louis Hasbrouck who has returned
to Ogdensburg from whitehall, having
| been East on business rs attorney of the
Central Vermont railroad. was interview
ed by representative of the Journal.
lie said that Mr.. c. NJ. Hays of the Grand
Trunk had been at St. Adams for several
days in the capacity of receiver looking
over the accounts of the Central Vermont.
In regard to the effect or the receivership
on the Ogdensburg division, Mr. Has
brouck said that should it be decided by
the receivers to continue the lease of the
Ogdensburg and Lake Champlain by the
Central Vermont. as is probable, it will be
operated as at present, but should It be
decided to throw up the lease it is impos-
sible to say what disposition would be
made of the road.
GRAND TRUNK CHANGES.
That General Manager Charles NJ. Hays
Is making his presence felt in earnest Is
evident from the announcement that TAX
ing effect to-day a number of official
changes will be made on the Grand Trunk
The following are the most important:
w. e. Davis. now general passenger
agent of the Chicago and Grand Trunk, be
comes general passenger and ticket agent
OF the entire Grand Trunk system, with
headquarters In Montreal, in the place Of
y. j. Power who has resigned. T. FL
Hughes. general western passenger agent
! OF the Grand Trunk, with Headquarters in
Chicago, will succeed Mr.. Davis at Chi
cago with the title of assistant general
passenger agent, and his jurisdiction will
cover all of the Grand Trunk system west
of the st. Clair and Detroit rivers.
| al frat tont
the Chicago and Grand Trunk division,
will become first assistant general
| freight agent of the entire system and his
authority will extend over all OF the Grand
Trunk lines west of the rivers. His head
quarters will be continued in Chicago.
Robert Quinn, at present European traffic
agent, with Office in Liverpool, will become
division freight agent at Hamilton vice
John Earles, who retires.
CENTRAL VERMONT-GRAND TRUNK
ARRANGEMENT.
A Montreal correspondent OF the Boston
| Transcript says: THE Central Vermont
has made arrangements with the Grand
| Trunk by which the formers trains may
enter Montreal over the lattcr's tracks.
The connection is decidedly valuable to the
Canadian company giving n direct route
for heavy livestock shipments from Chi
cago to Boston. The Canadian Pacific
sought to get part OF this business by So
curing that part of the Central Vermont
between st. Johns, Quebec, and Boston, in
order to shut out the Grand Trunk Nego-
tiations had advanced so far that a switch
line had been constructed between the Ca
madam Pacific and Central Vermont lines
at lbervllle, Quebec near ST. Johns and
working agreement was looked upon as
probable, and it was stated further that
the Canadian Pacific was prepared to
guarantee to the Grand Trunk $500 900 due
the latter from the Central Vermont, upon
which the receivership was obtained Gen.
eral Manager Hays Of the Grand Trunk
found out what was going on The pro-
posed guarantee by the Canadian Pacific
would not compensate for the loss of the
Boston connection, and hence the receiver
ship, with himself as one of the receivers.
1t was an affective checkmate to the Ca
madam Paciflc's plans. The Vermont Gem
trail remains Grand Trunk line. the Chi
cago-Boston traffic Is retained and
Messrs. Smith and Van Horne are out
played by the former manager of the Wa
bash, whom the Grand Trunk brought to
Canada to resusctiate the road.