The daily morning journal and courier., 1905-01-05
Head of the Pennsylvania Road Enters Board of
 the Consolidated.
TO BE AT JANUARY MEETING
WILL ACQUIRE BLOCK OF STOCK
 BEFORE THEN.

Statement That His Membership Only
 Means Representation of the Great
 Exchange Through Business of His
 Road With That of the New Haven
 He Has Not. However, Until the
 Present Time Joined the Directory of
 Any Railroad Not Owned or Con-
 troIIed by the Pennsylyania-Mr.
 Todd Also to Enter the Board.
 President Charles H. MeIlen of the Consolidated road officially announced last night that President A. J. Cassatt of the Pennsylvania rail- road had been elected director of the New York, New Haven and Hartford railroad. MT. Cassatt will take a seat with the board of directors of the New Haven road at it's regular meeting to be held January IA. It was also stat ed tonight officially by the New York, New Haven and Hartford railroad that First Vice President Percy R. Todd also has been elected a member of the board of directors, and he will attend the meeting of January IA with MT. Cas- satt, who will acquire, before taking his seat, a block of New York, New Haven and Hartford treasury stock. It will be, however, only of sufficient size to give him and the Pennsylvania interest a respectable representation in the board. and in fact will be smaller than at least one individual holding in the company. As regards any question of control, the Pennsylvania holding will be insignificant. The entrance of Mir Cassatt into the New Haven company has no relation of any private or joint control of the Lehigh Navigation com pany as has been reported. It. however, probably has a very important relation to the recent acquisition by the New Haven of the Ontario and Western road, which was opposed by MT. Cassatt and other trunk line presidents Mir Gas satt's acceptance of the new position in dicates strongly that those former and somewhat conflicting trunk line inter ests have now been harnlonfzed, par ticularly as regards coal traffic and coal rates
 It was stated by an official last night that what Presidents Cassatt's acceptance of the New Haven director ship probably means at bottom is the representation of the large interests of the Pennsylvania which are connected with through freight traffic. Some time ago 1t was stated authoritattively that the interchanged through traffic in freight of the New Haven and Penn sylvania roads represented fifty per cent. of the New Haver's exchanged through business. This, however, has been somewhat reduced, probably, since the New Haven's business via the Poughkeepsie bridge developed, but still forms a very large fraction of the exchanged traffic. The representation of this great interest on the New Ha- ven board was natural and will certain ly tend to harmony ard to an increase of business between the two large sys- tems which have each great and fairly complete territorial control.
 The New Haven board of directors has power of increasing its number to twenty-one, and President Cassett and Vice President Todd go in as two ad- ditional members to the nineteen al- ready chosen, MT. Todd representing Connecticut and the control of the cor poration still remaining with Connec- ticut's representatives in the director rate.
 New York, Jan. Alt was generally reported in financial circles to-day that President A. J. Cassett of the Penn sylvania railroad will shortly be elect ed a director of the New York, New Haven and Hartford Railroad company as the result of accumulation of New Haven stock by the Pennsylvania. Tn railway and banking circles this report was considered highly significant Pres ident Cassett has up to the present time joined the directory of 10 road not owned or controlledAb Aby the Pennsylva- mia system.
 The $S0,000,O00 stock of the New Ha- ven is held largely by investors throughout New England and practice ally all the directors of the company live along the road.
 In quarters usually well informed it is believed that the intention of the Pennsylvania railroad to enter the New Haven management will realize the comprehensive plans formed with the purchase of the Long Island in 1900 to gain an entrance in New England.
 Philadelphia, Jan. 4.-While official confirmation cannot be obtained of the rumor of A. J. Cassatt, president of the Pennsylvania, will enter the board of directors of the New York, New Ha- ven and Hartford Railroad company, it is believed in railroad circles here that the story is correct. Friends of MT. Cassatt say that the fact that his com pany owns large interest in the New York, New Haven and Hartford com pany makes his election to the board of that railroad a logical conclusion. {.
 
 Germany to Send Turner's.
 Berlin, Jan. 1.-The German associa-. ton will send a squad Of eight repre- s.a,,4o five erxrI,,,,a ctS fa niYaata in