The daily morning journal and courier., 1899-10-06
' THE CONSOLIDATED ROAD.
Connecticut Control of Directorate
 Distribution of the Stock.

Connecticut Control of Directorate - Distribution of the Stock | The proxies issued for the annual cleo | tion of directors of the New Haven Railroad company, to be held October IS, are being returned in the usual num- Der and blank form, indicating almost | conclusively that the old board of di- rectors with possibly one or two addi- tions will be reelected, and that there will be no contest, so far as the stock holders are concerned, over the election of 8 successor of President Clark. The matter will rest, therefore entirely with the board of directors. They will hold their regular monthly meeting on Sat- urday of next week, and it has been reported that they will choose a new president then. A choice at that time, however, is not likely, and it will prob ably be made by the directors after the annual meeting
 A dispatch to the New York Evening Post has the following: The matter Of preserving control by Connecticut board and Connecticut president has aroused considerable feeling in the state and has been advocated vigorously by several newspapers. Vice President John M. Hall is the candidate on whom the local sentiment naturally centers, and the impression prevails here that he will be chosen, tempered however, by some doubts as to the attitude of J. Pierpont Morgan and the Vanderbilt in terests in the matter, and their influ- ence, if opposed to Hall, on some of the Connecticut directors. The latter, If they hold together, can elect the presi- dent; but at least one of them has been opposed to the policy of President Clark and is assumed to be opposed to Judge Hall also, who is President Clark's can didate
 Many runnors are afioat here as to candidates of the Morgan and Wander bilt interests, one of the latest bringing in the name of President Baldwin of the Long Island Railroad company. High officers of the company here pro- feSS absolute ignorance of the matter, but there. has come, in effect from a director of the company, forecast of a conflict in the board over the presi- dency
 In view of the local aspects of the matter, the distribution of New Haven
 
 cially about year ago that of the $50, 437 GOO of stock then outstanding, $16, 317 300 was held by 3,345 holders in Mas sachusetts, SIP, ,363,O00 by 2,624 holders in Connecticut, s17257,700 by 1,455 holders in New York state-mostly in New York city-$23SS, 400 by 43S holders in Rhode Island and $2,110,000 by 646 holders in other states Since the statement was made some 13,000 shares of New Haven treasury stock have been marketed in Boston, part of which, it is under stood, was transferred to New York city purchasers. Recent drift of the shares has been steadily though slowly to New York, but a large majority still remains outside that city, and it is stated au- thoritatively that twenty y-five of the lar ges shareholders of the company own less than one-eleventh of the 546, 414 shares now outstanding.
 The complications over the Boston and Albany lease and possible failure to ratify it are regarded here as tend ing strongly in the direction of New York Central plans for New Haven con- trol, and as bearing, therefore, on the election of President Clark's successor.