The daily morning journal and courier., 1899-07-03
THE BIG RAILROAD DEAL.
The Talk About the consolldated Road

Concerning the leasing of the Boston and Albany road by the New York Gen. tral yesterdays New York Tribune re- marks: The keenest interest is being taken in the ultimate disposition of the New York, New Haven and Hartford Central by the Boston and Albany mer- ger has turned a neat corner on the New Haven, which was buying up | everything in sight in New England. The Central is now so securely in trenched in New England, with a Bos- ton terminal, that the acquisition of the Fitchburg is regarded as only matter of time. Influential officials of the Vanderbilt system admit that already negotiations are under way for control of that road.
 According to the Tribune, the Consol- dated road is already spoken for and has it's fate mapped out. The paper says: The New Haven will, it is said
 on excellent authority, be disposed Of by the New York Central and the Penn sylvania, the understanding between which two powerful railway systems IS declared to be absolute. When the New York Central undertook the lease ot the
 Boston and Albany A. J. Cassatt, pres ident of the Pennsylvania Railroad company and s. M. Provost, the third vice president of the same system, were
 called into the meeting and advised of all the conditions of the lease. It was demonstrated to them, it is reported, that it was a move in no way antago- | ,,io into they entered no objection to the trans action. While the New York Central
 has recently made many changes and
 entered into consultations and con tracted leases, the Pennsylvania has
 been as whole inclined to stand by it's
 old and well known conservative pol
 icy The election of A. J. Cassatt as
 president, however, is looked upon in
 railroad circles as bringing to the front
 man of more liberal views, and one who was likely to branch out, and 1t IS understood that he has fallen into the
 Centrars programme of absorption with
 encouraging promptness,
 It is understood that in the plan to
 get control of the New Haven the Cen
 tral interests have the advice and CO.,
 operation of the Pennsylvania, with
 which they are on such good terms, and
 that when the road is finally secured 1t
 will be divided just as the two sys-
 tems may agree. Both have close con-
 nections with the New Haven, and it could be divided between the two in satisfactory way.
 Charles F. Clark, president of the New
 York, New Haven and Hartford Rail-
 T hopnn from E'I1- rope yesterday on the American line steamship St. Louis. When he went away five months ago he was broken in health and worn out. He returns much strengthened, and will at once again assume active charge as president. MT. Clark was much surprised to hear or the Boston and Albany lease. He would not discuss railroad matters. He said he knew of no change in the manage ment of the New Haven and of no plan for the absorption of the New Haven by the Central. John M. Hall, who has been acting as president, came down to meet MT. Clark. He talked a little. "The story about the Vanderbilts ab- sorbing the New Haven is not true, and I don't know where it originated,' he said. "The lease of the Boston and Al bany will not affect the policy of the New Haven. The New York Central, with which we have close traffic con- nections, would gain nothing by taking the New Haven. l know nothing of these reports.
 Tn Wall street Saturday New York Central was strong and steady, while Pennsylvania became suddenly active, and on unusually large dealings for that stock went up almost four points,
 New York, New Haven and Hartford is one of the inactive stocks, little of it being available for speculative uses in the stock market. The last quotation for it was 21S bid 220 asked. It's range this year has been between 199, on Jan uary 19, and 222, on April 20. The New Haven system operates lines of an ag- gregate length of 1,464 miles, of which 1,116 miles are leased lines, and 1t also owns the Providence and Stontngton Steamship line It has two main routes between this city and Boston, the Shore Line, passing through New London and Providence and the line by way of Hartford and Springfield, these two di- visions being operated as one between New Haven and New York Besides these, it has network of branches cov- ering southern New England, and few years ago it secured control of the Old Colony railroad system, with it's several lines in southeastern Massachusetts and it's ownership of control of the Old Colony Steamboat company