The Providence news. (Providence [R.I.]) 1891-1906, 1899-10-11
NO CONTEST IS LOOKED FOR.
The Old Board Of Directors viii Be Re-
elected Without Opposition
RESIGNATION OF PRESIDENT CLARK
viii Re Accepted al November Messing Of Direct
cH-Wce President Hall Almost Certain 10
&c Chosen 10 Succeed Hin.

New Haven. Conn. Oct ia week
from today. on Oct. is, the annual
meeting of the stockholders OF the New
Haven road Will be held and the in
coming board of directors for the year
ls99-l90O. 1t is generally understood
that at that meeting there will be no
contest of any sort and that the old
board of directors will be elected. At
the next regular meeting OF the direc-
tors. on the second Saturday OF Mo-
vember. the board will organize and
Will then accept the resignation of
President Charles Il. Clark and elect
the successor. The choice OF the board
VIII undoubtedly be the vice-president
of The road. John NJ. Hall. President
Clark will not. however. retire from ac-
tive participation i'm the affairs OF the
railroad. ever which he has presided
for thirteen wears. He will retain his
position as a director OF the company,
and will probably be also elected presl-
dent emeritus and chairman of an ad-
visory committee.
CLARk'S SUCCESSOR.
While it is true that at the time of
President Clarks resignation the mat
ter OF the successor was much in
doubt. IL can be stated now ON the
highest authority that the selection is
practically decided. and that Judge
Hall VIII be the man. That there Will
be no outside interferences us assured
The matter has been thoroughly can
Nassed and there is no question as to
where the directors stand. 1t Is Mr.
Clarks 5 wish that he be succeeded by
Judge Hall. and If the election OF the
latter were 10 be forced. President
Clark would have influence enough To
force IL. 1t is Mr.. Clark's wish To re-
tire easily and gradually from his po-
stion. and to have his present vice.
president assume the duties of the Of
flee SO that things NAV be run as they
have. and he himself may have a prom
inenh part in the management. That
this viii be acquieSred in by the direc-
tors is assured.
Since the resignation of Mr. Clark
there have been various rumors To the
effect that the New York Central own
ers would take "A hand in the new dis
position of things. and would swing the
road over to Sew York interests at the
coming stockholders meeting These
rumors are denied authoritatively how
ever. and from such sources that there
- -eaff-he- He- doubt as 10 their mistaken
basis.
DO NOT CONTROL.
In the first place there is not enough
stock helC in New York 10 control the
situation. If the New York Central gen
tlemen desire To control it. and in the
second place there is no reason TO sup
pose that they do according to railroad
officers here. The consolidation of the
two roads would be TO the gain of
neither. it ia claimed. and could not be
managed at least at the present time.
combine which is much more likely
Is that OF the New Haven and the Bos-
ton and Maine and this may be the
outcome of a year or two more of the
New England railroad. At present.
however. there is no chance. say those
IL high places. for any combination.
The New Haven railroad is satisfied to
remain as it is Talk of a Pennsylva-
MIA alliance is said to be equally unre
liable. BY the terms of the lease Of
the facilities of the Grand Central sta
tion at New York the New Haven road
gives up it terminal at Forty-secCnd |
street whenever II forms any coalition |
with another road and this would be |
suicidal u he New Haven. At pres
ent the New Haven and the Pennsyl- |
Vania have very close freight arrange |
ments ana talk of any move that would |
leOpardlZe ttOSe interests iS regarded |
here as aePsense.-7At-the same time |
friendly relations Of the New York Cen !
tral are 10 BE- kent intact and it is evil |
dent to the New Haven directors that !
anything that would iniure either al |
lance is out Of the question.
VANDERBILT INTEREST.
The influence Of Vanderbilt stock I'm |
the New Haven IS stated here By rail- /
road officers TO he nothing The belief |
that such a control was i'm the hands |
or the New YORK Central interests. IL |
is said here. is due 10 the Joint occu- |
plncv OF the Grand Central station bv |
the two roads The station property Is |
a separate organization and a corpora |
ton bv itself
That tie stock held In New YorI, is |
I'm no case sufficient % swing the road |
over. is seen from the amended fig |
ares taken from the 1898 report af /
Presde0t clark and the figures as they |
stand t0dav Since 1898 there has becn /
an inCreaEe Of 81 600 900 I'm the out
standing CaDital stock
Massachusetts,. 1899 SIS 000 600 1SqS
tlS 600 900. Connecticut 1900 St7 900 600.
1898. $40 nm mn: New York 1899 81 0O0
mo- 1908 81 nm OO0. Rhode Island 1899
81 000 200. 1SoS. 81 600 o00: other states.
1899. $4,000 600: 1895 g. 000 600.