The daily morning journal and courier., 1899-06-30
ALBANY MERGER. AND FUTURE OF THE NEW YEN ROAD.
York Terminal COntract-Presi- s0lidated and Its Possible Union
With the PennsyIvania.

VI Clark and the DirectOrate-Thc solidated and Its Possible Union \ 4 With the PennsyIva
 Y A special despatch to the New York | Evening Post from this city yesterday
 afternoon says as follows; Assuming
 the coming merger of the New 4ork Gen.
 tral and Boston and Albany railroad
 systems to be at least highly probable
 the future of the New Haven, with its x almost complete territorial control Of
 lower New England, is naturally sub- < ject of acute speculation i'll this clty. The new merger would leave the New
 Haven between two larger systems-the \ Pennsylvania on the south and the Gen.
 traI on both the south and north-Witn X close connection with each. In the X rapid progress of railroad consolidation B the ultimate merger of the New Haven \ is regarded here as certain to be with 2 one of the two rival systems, each of which may seek the control.
 s The question is not new one It was raised as has been stated by President Clark not long before he sailed for Europe six months ago, and at tune
 when the Central was first reported to < be seeking control of the Fitchburg sys- Atem. At that time MT. Clark suggested
 the transfer of the New Haven to the PennsylYania as being probably contln- rent on any other large trunk line get
 ling Judgement in New England terri tory, especially should railroad bridge
 be built between Poughkeepsie and New
 York over the Hudson. At that tune
 there was some friction between the
 Central and New Haven which, it was
 reported extended to the Clark men
 and "CentraI men in the New Haven
 directorate, the chief opponents of MT.
 Clark in the board being, as was then / stated, J. P. Morgan and W. D. Bishop
 1f Bridgeport Since then it is under
 stood that the relations of acting Presi- dent Hall of the New Haven and Presi-
 dent Galloway of the Central have be-
 come very amicable, and the old friction
 Of the companies, if existing at all' mas
 been in the background.
 AS bearing on the future merger of
 tfe New Haven with either the Penn
 svlvania or the Central, the New Ha-
 veri's terminal rights in regard to track age on the Harlem road from WoodlaWn jSSsto the Grand Central station and the oc- IMNuQduCy anu Use Ol tue 6tdNioli ebl VI S<Nl s4reme importance. Those rights of the lssNew Haven are perpetual and guarded
 by a very strong contract, when pro- ;SViies for the occupancy of the station .}6or certain sum as rent and tor the AAlse of the Harlem tracks to the station si0n payment, as is stated, ot twelve cents && passenger, under the latter proviso the HgfVew Haven paying the Harlem now 8about $420,000 year. The contract in SFegard to occupancy of the station was &eomewhat revised and strengthened 4Mhen, a few months ago, the New Ha- EWen's separate occupancy of the station Twas given up for joint occupancy of the
 first floor with the Central and Harlem Accompanies.
 s The contract however, though very Sfuicid in favor of the New Haven as S8eparate corporation, provides that the saQew Haven under lease to another com- Stbarly-not the Central or Harlem-shall Hose its contract rights in the terminals, and the same abrogation follows the for 99naI consolidation of the New Haven SVvith rival of the Central or Harlem KThese provisions were put in the con- s#Tact it is said, by Commodore Wander 5bfIt. who feared certain results of the Building of the New Haven's Port Ches- Ter branch. If the Pennsylvania, there | !4ore, should either lease the New Haven Sor consolidate, it will, if the Central should so elect lose all the New Haven's 1present terminal privileges on the Har- Idem road and at the Grand Central sta stion But such would not be the case Mere the Pennsylvania to buy con- l |krolling interest in New Haven stock. 1The bearing of these facts on the future |pf the New Haven is obvious. Another point of interest in the pres Ant situation is the standing of President | sClark himself in his own board of direc- tors. It is known that towards the lat | fer end of last year and almost up to Hhe time when he sailed for Europe | Where was some disagreement in the l sboard, and that the committee having | The matters in charge vetoed some of | Mr Clarks plans for expenditure. in acluding one of considerable importance, i Involving control of a new line, but the | mature of which cannot now be made | KlDfic Friends of MT. Clark, on the | iother hand, asserted that the disagree ITnents were of a minor character, and | 'Hid not affect the board as a whole, | IMhich was strongly in MT. Clarks in Herest and would follow his advice in Ghoosing his successor should he retire. Might may be shed on this phase of the matter after his return. All local re- ports including those coming from per- sons in position to know fully the facts hgree as to his present good health and reasumption of the active presidency of the New Haven company as soon as he returns.