The daily morning journal and courier., 1900-05-17
GETS WINCHESTER R.R. The Fair Haven & WestviIIe Company Now Has Con-
 tro| of the Line.
DEAL CONCLUDED IN BOSTON
THE MAJORITY OF THE STOCK 4C-
 CURED YESTERDAY.

of the 44,277 Shares of the New Eng
 land Street Railroad Company and
 Is,954 Shares Out of 32,OO0 of the
 Winchester Avenue Company.
 The important announcement can be made this morning that the Fair Haven and Westville Railroad company has acquired the controlling interest in the New England Street Railway company, which company owns the controlling in terest in the stock of the Winchester Avenue Street Railroad company of this city. This important deal was consum- mated yesterday in Boston by Presl- dent Parmeee of the Fair Haven and Westville Railroad company, together with George D. Watrous, counsel for the Fair Haven company and one ot it's board of directors, and samuel Hemingway, president of the Second National bank and also a director i'll the Fair Haven and Westville company. These three gentlemen went to Boston Tuesday to complete the transaction for the transfer of the control of the New England Street Railway company to the Fair Haven and Westville company, an agreement for the transfer having been made a few days ago in this city. The visit to Boston was to transact the nec- essary technical details for the consum- mation of the deal
 By the transaction completed yester- day the Fair Haven and Westville Rail- road company becomes the owner of the New England Street Railway company and all it's assets. Its assets consisted pf, the controlling interest in the stock of the Winchester Avenue Street Rail- way company. The Fair Haven and westville company now. by the deal made, is the owner of thirty thousand shares out of the forty-four thousand two hundred and seventy-seven shares of the New England Street Railway company, and is the owner of seventeen thousand nine hundred and fifty-four shares out of the thirty-two thousand shares of the Winchester Avenue Rail- road company.
 The Fair Haven company, therefore now controls the Winchester Avenue line. which operates the West Haven lines to Savin Rock as well as the line out College street and Winchester ave nue. Tn other words, the Fair Haven and Westville line now controls all the street railroad lines in New Haven as well as the lines to Savin Rock and the lines to East Haven Center, Mansfeld's Grove and Cosey Beach, Saltonstall Lake. Morris Cove, Lighthouse Point, Montowese, the lines to CenterV1lle and Mount Carmel and the DixWell avenue and Shelton avenue lines into Hamden and the George street and EdgeWood avenue lines.
 This is a deal of far-reaching import ance as it means the absorption and control of all these lines under one management--the lines of the Fair Ha~ ven and Westville and the Winchester Avenue being now combined under one control. The controlling interest in the Winchester Avenue lines was purchased of George A. Fernald &, Co, the Boston bankers. who recently bought up this controlling interest in the New England Street Railway company.
 This deal. as above referred to, was practically consummated a number of days ago, and only awaited the finish ing touches. Messrs. Parmelee, Hem ingway and Watrous returned from their Boston trip last evening all well satisfied with the successful outcome of the transaction.
 Tn last Saturdays issue mention was made of the election of new officers of the New England Street Railway company. These officers were named for the positions by the Fair Haven and westvile company, which had already acquired practically the control of the New England Street Railway company. George A. w. Dodge of Boston, who was elected president of the New Eng land Street Railway company, was for merlv secretary and treasurer and gen. eral manager of the former New Haven Street Railway company, which was ab- sorbed by the Fair Haven and West vile company year or two ago. Col- onel John J. Whipple of Boston was elected vice president,
 The winchester Avenue Railroad companys capital stock is S600,0 600. and its bonded indebtedness is $500,0 the bonds bearing per cent. interest. The company is paying per cent. dividends upon its capital stock. It has paid as high as 10 per cent. dividends. The orig inal part of the Winchester road was the old New Haven and West Haven or Savin Rock street railroad. Later a line up Chapel street to College and thence by other streets to Winchester avenue to the Winchester armory was started, and the company operating it absorbed the West Haven or Savin Rock road. The parties interested were mainly the same. The capital stock of the Winchester avenue line has been increased several times to pay for eX- tensions and improvements.