The evening times., 1900-01-11

! Contains n Guarantee of Per Cent
ON the Capital stock of the Line.
/ NEW YORK. Jan. 11-winiam K Van
/ deTbHt. on his return from a two months
/ cruise TO Mediterranean ports which he be-
/ gan on his steam yacht Valiant on Monday
may complete another colossal achievement
/ in railway fnanciering. the first steps Of
/ which. It was said last night. were entered
/ upon a Few days before Mr.. Vanderbilt
sailed
/ director OF the New York. New Haven
and Hartford Railroad Company is believ-
| cd to have taken to New Haven and Boston
on Saturday last an informal offer from
| Mr.. Vanderbilt which indicates that the
| New York. New Haven and Hartford sys-
TEN may become later a part OF the New
! York Central system. Mr.. Vanderbilt told
/ the director Il is said. that any close OBJ
! server should have no trouble in noting
| the tendency OF railway consolidation
movements 1.-The trunk line territory east
Of the Mississippi and north Of the Ohio
River.
| They meant that the Central system was
/ in position to dominate the Eastern situa-
/ ton. and would do so. and that it might,
/ be advantageous for the New York New
/ Haven and Hartford directors to consider
a liberal offer from those in control Of the
/ Central This director whose influence
I with his associates In the board is a potent
I one. said that IL the offer were large
enough Il would be kindly considered. and
/ he asked what the Connecticut and Boston
people might expect.
II was suggested that a guarantee OF S
per cent on the capital stock might be con
/ sidered. That is as far as the conference
/ advanced il IL said, and the director went
/ away TO talk it over with his friends in
! New England. with the conviction that
Z such an arrangement would be favOraby
/ regarded by the Rockefeller and Morgan in
I terests in the road.
] The fact that J. Pierpont Morgan and
I William Rockefeller are directors Of both
I the New York Central and the New II. zen
/ is regarded As signifying that the important
/ interests represented by them would not
I be ayarse to a plan for bringing the two
! roads into closer relations on terms not
! Instantaneous TO the New Haven. The
/ latter company covers the entire field az
southern New England, but its dirertofs
I cannot tail 10 have noted the trend q all
I way affairs IN the Eastern States, Uhirh
/ in the minds OF well-infOrmet o5ser SEES
z points tC the ulLluEle control D. lAt -
I York Central OF all the New England roads.
a year OF two ago the Vanderbilt inter-
T csts secured control OF the Rutland Rail
I read the plans for the extension and de-
Z veiOpmeut of which have not yet, hoN-
/ ever. been fully worked cut Within the
. last fortnight the stockholders OF the New
I York Central and the Boston and Albany
| have ratified the action Of their respective
I boards Of direC 3rs In making a long lease
/ OF the Boston and Albany 20 the Central,
I although the lease cannot become operative
until sanctioned by the general court Of
Massachusetts,. a sanction which is opposed
by the Massachusetts state Commls sicners
for the FitchDurg Railroad stock, on the
ground that the lease may be hutful to
the interests Of the Fitchburg Road.
The Fitchburg. which al one time seemed
Z likely TO come under Vanderbilt control. Is
now in negotiation with the Boston and
Maine with the object OF having the latter
road lease il. The Boston and Maine al
ready virtually owns the Maine Central
and If il secures the Fitchburg, sep
I which would cut of The Rutland Road
from its hope OF obtaining Boston con-
uection IL is belived in Wall Street that
the Boston and Maine itself would before
long be taken into the New York Central
system.
Rumors that such a move was In con-
tempIation were current only recently. to
and Maine hut its execution is believed
in this city to be only a question OF lime
The New York. New Haven and Hart'c-t
I system operates a total OF 1 i64 miles
made up OF AZ miles Of track owned by
the company. / .025 miles OF leased lines
and twenty-five miles OF line operated un-
der trackage arrangements.
Through securing control Of a large
number of formerly independent roads
Z Railroad system. which in February. 1898
it leased for ninety-nine years and the
New England Railroad Company. q ninety
nine-yeAr lease OF which il effected on
I July 1, 1S9S-the New Haven COMPANY
now has network OF railways covering
the whole southern part Of New England
Its terminal arrangements al this end
OF the line, however. are not believed TO be
as satisfactory as its management could
desire, for, while it has extensive and
valuable freight terminal az Norris Dock
near the junction OF the Harlem River and
Long Island SCuud. it is dependent upon
( the New York Central system for a direct
entrance into Few York city for It's pas-
1 senger traffic. Ks trains using the tracks
I OF the New York and Harlem road for the
twelve miles from WOOdlawn Junction.
( the western end Of the New Haven line.
to the Grand Central Station.
IhlS tact, lt IS pointed out NAV be an
added consideration tending to dispose the
| stockholders Of the New York. New Haven
| and Hartford t. look with favor upon such
| a proposition IS that which Mr. Wander
/ bilt is said TO have in mind for submission
| to them
The stock Of the New York, New Haven
/ and Hartford Railroad Company is an s
per cent dividend payer. It's range in 1899
was between 19S and 222. Ii is an 'fnact-
i've stock" and the most recent quotation
Tor IL is 2l3 bid 2l7 asked
New Haven stockholder Of the road
said last night at the Waldorf:
The absorption is coming sure enough
and It's coming in a hurry. / believe that
il Mr.. Vanderbilt suggested an per cent
guarantee as the price of the New Haven
shares the Central people would get the
system in the course Of few months. The
per cent guarantee would make the shares
exceedingly valuable TO put away while the
years roll by, as the Central would be in
position, through evil as well as through
good report, to make good the guarantee
No one in position of authority at the
Grand Central Offices would talk about the
mooted arrangement yesterday President
Callaway is out OF the city. and Senator
Depew will not return to New York from
Washington until tomorrow.
BiGamist BInckfOrd Not Insane.