Connecticut western news., 1906-08-23
SOLD TROLLEY LINES
TO NEW ENGLAND SECURITY co.

N. Y., N. H. & H. R. R. Go. Evades
 State Inquiry by Disposing of Its
 Electric Roads-Public Doubts Gen
 uineness of Sale.
 The New York, New Haven & Hart ford railroad, has disposed of practically all of its Massachusetts trolley hold ings to several individuals who have formed voluntary association. An important letter from President Mellen says that neither the New Haven road, nor the Consolidated Railway Go. holds any shares in the newly formed volun- tary association.
 MT. Mellen has now formally informed the railroad commission and the attorney general that his railroad company has disposed of the stock of all its Massa- chusetts trolley companies, saving two, the Worcester 6 Webster, and the Web ster 6 Dudley Co.,, whose lines have been leased by the Consolidated Rail- way Go. of Connecticut the evading 
 street railway business in Massachusetts and Connecticut - by special provision of the Massachusetts legislature.
 The steps which the attorney general had taken in this matter, which is now given so quick a turn by the backing down of the railroad corporation from the position which it has held, are or dained by law. It is required that if, in the judgment of the board of railrord commissioners, any railroad corporation has violated a law, or neglected in any respect to comply with inc provisions of any law of this commonwealth, that board shall give notice thereof in writ ing to such corporation, and thereafter, if such violation or neglect continues, shall forthwith present the facts to the attorney general for his action. Because of the manner thus provided, Attorney for the return of Chairman Jackson from his European trip. The attorney general and the railroad commission have since been busy, with the effect of making the New York, New Haven 6 Hartford Railroad Co. much less sure of the ground which it had taken in absorb ing street railway companies in Massa- chusetts.
 The very important letter which the Massachusetts authorities have received from Mir. Mellen makes the announce ment that the acton of the Consolidated Railway Go. in disposing of its holdings has been under consideration for some time, also that the shares have been placed in the hands of a banking house for sale, and it is the hope and belief that they will in time become widely distributed.
 The letter of MT. Mellen makes no reference to any action being taken by his company with regard to its holdings ill Connecticut street railways, nor could any such statement have been made there with propriety. MT. Mellen does not particularize as to the "volun- tary association" nor the banking house in whose hands the shares of these Mas sachusetts street railways have been placed for sale. The Massachusetts news bureau, however, says that the new vol untary association is to be known as the New England Security and Investment Company.
 According to information obtained at 1 Boston, the transfer is said to involve the street car lines owned by the New Haven road i'll both Massachusetts and , Connecticut, with connecting lines to Rhode Island and New York A report 1 from New Haven, however, indicated the probability that the Connecticut lines might not figure in the transfer, due, it was said, to the fact that under the charter of the Consolidated Railway Co.,, the holding company of the New York, New Haven & Hartford Railroad Co.,, such a transfer would be unnec- essary.