The daily morning journal and courier., 1904-01-23
ALIEN CORPORATIONS.
THE CONNECTICUT TROLLEY LINES OWNED BY OUTSIDERS.


 by Boston and Philadelphia Capital
 ists-Facts Disclosed by Annual Re
 port Of Railroad ommissioners.
 Hartford, Jan. 19-Few people in Connecticut are aware of the extent to which outside capitalists have acquired control of the trolley transportation in- terests of the state. This is disclosed in a striking manner by the annual report which the railroad commissioners have just issued. In many of the prominent street railway corporations of the state only a small fraction of the capital stock is under domestic ownership. Boston capital is annually securing a large measure of control of the trolley situation in Connecticut,
 An examination of the returns of some of the street railway corporations will indicate the scope of the outside domination of the trolley finances of Connecticut. The Connecticut Railway and Lighting Company, the gigantic trolley combination which has scooped in various trolley properties in western and southwestern Connecticut, and which already operates nearly two hun dred miles of street railway, is under foreign ownership. It is dominated by the Philadelphia capitalists who are behind the United Gas and Improve ment company. The total capital stock of the Railway and Lighting Corpora tion is fifteen million dollars, and only $79, 500 of the amount is held within the state. The company has thirty-seven stockholders and nineteen of them are nonresident Another corporation which is almost entirely owned by for eign parties and which is affiliated with the trolley trust, as the Railway and Lighting company is ordinarily called, is the Meriden, Southington and Com bounce Tramway company. This con- cern is capitalized at two hundred thou sand dollars, and only three hundred dollars is officially reported to be held in Connecticut.
 The Hartford and Springfield Street Railway company, which is under the control of Boston syndicate, has a to- tai capitalization of four hundred thou sand dollars, but of this amount only $16,600 is officially returned as being un- der Connecticut ownership. Of the eighty stockholders eleven reside in this state. The New London Street Rail- way company, in which Boston inter- ests are likewise supreme, is capitalized at two hundred and fifty thousand dol- lars, and of this amount s67, 400 is held in Connecticut, while of the seventy nine shareholders, thirty-six are citi- zens of this commonwealth. The Mont vile Street Railway company and the Norwich Street Railway company are allied corporations, and they are both under the control of a syndicate of cap italists headed by Stillman F. Kelley, of North Cambridge Mass. The capital stock of each corporation is two hun dred and fifty thousand dollars. In the Montville company only twenty-seven hundred dollars of the stock is owned in this state. and in the Norwich company the figure, though somewhat larger, is only $11, 300. Of the twenty-two share holders in the Montville corporation, five are Connecticut citizens, and of the sixty-four stockholders in the Norwich corporation, ten vote in this state.
 The Willimantic Traction company is still another transportation system in which Massachusetts money Is supreme. It has capitalization of two hundred thousand dollars. and of this amount only a beggarly six hundred dollars is held within the limits of Connecticut, and only three of the fifteen sharehold- CTS reside here. The Somers and En- field Electric Railway company is close ly identified with the Hartford and Springfield system, and is dominated by the same Boston interests. All of its capital stock of one hundred and twen- ty-fve thousand dollars, barring four hundred dollars, is owned outside the state. Massachusetts interests also control the Suffield Street Railway com pany. Only twenty per cent. of it's cap italization of fifty thousand dollars is in the possession of residents of the state, while just half of it's twenty eight stockholders are outsiders.
 The climax of foreign ownership however, is reached in the case of the Providence and Danielson Railway company. The company has outstand- ing eight hundred thousand dollars of stock in common and preferred shares and not a dollar of the total is held in Connecticut, and, of course, all of its forty-seven stockholders are non-resi- dents. Philadelphia and Providence capitalists control the corporation
 OLD GUARDS BALL.
 Many notables and distinguished