New-York tribune., 1902-12-09
THE TROLLEY TRUST.
Plans Of the EUIns- HIdcHcr Syn
dir0fc.

E,D-IIav.n. Conn. Dee S (SpecaD.-rhe plans
Of the new Interstate Railways Company, as an
uounced in The Tribune Saturday morning are
certain to have al important influence over me
C-onnocticu+ electrj. road situation. The United
Gas Improvement Company OF Phadeiphla, "hiSh
is said 10 be OF the foremost interests III uc
new trolley trust. OWLS to-day something over -
per cent of the electric road trackage III this state
and in the coming legislature Will make q strong
arten1pt to get more charters, Strongly cnrenchea
in this State already, the United Gas Improvement
Companv otherwise known as the EIkins-N Nldcner
Syndicate will be able to make important con
nectfons with their holdings in New-fork. New
Jersey and PENNSYLVANIA. The probability Of a
steam road interest in such situation would thch
be strong. Already in this State the Ne"-fiaNth
road has fought every inch of ground gained by
the syndicate. Through trolley business Is not the
feature that troubles the roads 1t Is the loss
of the station TO station business that eats most
notjceably into their income.
The entry Of the Elklns- Widcncr syndicate into
trolley monopoly has been watched with appr"heh-
sion for some Time by people in this State Three
wears ago the first purchases were made In Con
necticut and since then steadily increasing list
of companies has come under It's control Al ths
time the United Gas Improvement Company con
trolls Or owns outright in Connecticut the trolley
roads of Bridrepnrt New Britain, Norwalk. South
Norwalk Greenwich. Derby. shelton. Milford
Naugatuck. Waterbury, WcstPort saugatucH'
Southington and Plantsve. the electric light com
nanies of New Britain, Greenwich. Milford, Nausa-
tuck Norwak and South Norwalk and Waterbury
and the gas companies of Greenwich and Norwalk
Unsuccessful efforts have been made for the last
two years for the gas. electric light and trolley
companics Of New-Haven, Meriden, Stamford ana
Hartford. while companies in Mddletowh ana Forl-
land Norwich and Danbury are cohtroiied py
friendly capital Tho United Gas Improvement
Company Of Philadelphia operates in connecticut
under the corporate title of the Connecticut f'ali-
way and Lighting Company and now owns loI
miles Of street railway trackaSe In the state Inc
annual report Of this company. just issued SHOWS
S50O00O0 in capital stock. funded dent OF $'''''
o0, and total undivided profits on June -" I'o- vi
s9907 The gross earnings Of the companies LOT
the wear were $lll377 from railways, $29'l5' from
electric lighting plants and SCOT 40 from plants
A total Of $1sl5.3si The operating expenses were
1896 sol of which $sl672i from railways Less
taxes the net earnings amounted to Soh'So"' INC
construction and equipment valuation was $2i'Zi5"'-
This aggregation of capital III tonhcctlcuL ii'i-
ways all supplied ny Philadelphia and Ne"-AorN
promoters, who after more properties III inc
State Ultimately Is intended by the company 10
build power lsm the uousatonic River that
will supply the entire system with electric power
Smaller pIants at distributing points and finally
owned roads In the state Legislature the pur, ,,
DC ses of this corporation have already been shown
10 be these. and the opposite met with mas beeh
should the same interests that cor.trol the Con
recticut street railway situation carry through the
and inaliy also take over the inter
80 re" IN Pbadepbis and Ne~-York city already
nartly controlled by interests identical with those
said 10 be behind the present move the result on
frterstate electric transportation would be meal
BUSINESS men in this state. and those who have
been on the inside OF legislation affecting the
headings of the L. G. l.. in Connecticut. have long
been of the opinion that such move was in
# it is carried through @ @ II N
from, the result in this State. With the Pennsyl-
tana road behind the New-Jersey consolidation for
the pIrpose of brea king down rivalry for through
ann 'intertown business, the element of cOmpeti
fion ie removed With the same interests behind
the Connecticut end of the deal, competition at
once arises with the New Haven road. which has
already shown desire TO hold in check the rising
syndicate In the last legislature the struggle be-
tu,een the Philadelphia capitalists and the Con-
solidated road sharply fought. and the outlook
je for harder attic this coming winter. when the
trolley trust attemots to complete its through troll
lev line from Waterbury to Stamford. Whether
the larger question of the NeW-Haven road and the
PENNSYLVANIA system enters into the situation is
of course mere speculation, but there those
who affect to see straws in the current that
point to a Pennsylvania -New-Haven combination
+hie