Waterbury evening Democrat., 1903-03-25
VANDERBILT TO REST.
Control of New York Central Passes to
 Other Hands.

tuner k1QnQS.
 NEW YORK, March 25.-Control of the New York Central and direction of it's operation, so long vested in the Van- derbilt family, have passed into new hands, according to information re- ceived yesterday from trustworthy sources Control has not been wrested from the Vanderbilts. There has been no friction, and the change that has been or is being brought about is along lines approved by William K. Wander bilt, head of the Vanderbilt family and since the death of his brother, Corne- l lius, the dominant factor in the sys- | tenn.
 The new control is vested in the com | bination known as the Rockefeller Pennsylvania Morgan interests, For a | long time the New York Central has been operated in harmony with the Pennsylvania. In fact, the Vanderbilts are the largest individual owners of Pennsylvania stock. The lease of the Boston and Albany road was not con- cluded until A. J. Cassatt and the rul- ing forces in the Pennsylvania ap- proved. The lease of the Long Island road by the Pennsylvania was not made until the New York Central had had a chance to become half partner in the enterprise. That the Central de- clined to enter into the agreement did not keep back the Centraps consent to the lease, however. The Central and the Pennsylvania jointly bought the Chesapeake and Ohio. The two sys- tems have been. operated in absolute harmony.
 The control of the New York, New Haven and Hartford has for long time been with the so called Rockefel- r-Pennsylvania-M Morgan combination, and it has been reported that the roads partition between the Central and the Pennsylvania would be effected, each taking the divisions most closely allied with the other.
 For some. time William K. Wander bilt has found the management of these great properties irksome and confining. He has never had so deep an interest in the New York Central as his brother Cornelius.
 Tn giving up control, it is announced, there is no surrender of interests in the properties The Vanderbilt family will retain large holdings and have a voice in the management, although the responsibility will be shifted.
 There have been reports that there will be merger of the New York Gen. tral and the Pennsylvania and that the New Haven will eventually be taken into the combination. This is declared A In 0+ ,+v.,rA fo two properties can best be operated separately at present. A merger may come later, but it is said that 1t is un- likely in the near future.
 Stockholders Favor Expansion.
 PHILADELPHIA, March 25.-The stock vote on the proposition to in- crease the capital of the Pennsylvania Railroad company from $251, FOG, ,00o to S4OO, 100000 and to increase the bond ed indebtedness of the company, taken yesterday, resulted in unanimous ap- proval. The shares voted numbered 2,S92, ,452, more than 70 per cent of the outstanding stock. The vote was the largest polled on any proposition in the history of the company. The voting slegalized the action of the stockhold- CTS at the annual meeting March 10. when the increase in capital and bond ed indebtedness was authorized.
 Army Revfew FTfgR5sned Chinamen.
 VICTORIA, B. O., March 25.-Ac- cording to advices received from the orient, the grand review of Chang Chih Tung's modern drilled soldiers in the Yangtse provinces, together with the Nangang and part of the Peiyang naval squadrons, was a great naval and military display, but it was disas- trous to the populace, and large num- Der of lives were lost. When the sham battle started, panic seized the whole populace, report having been spread that an invasion was to take place. So great was the panic that suicide was resorted to-, and it is reported many children were drowned in order to get rid of them to allow their parents to run the faster