The daily morning journal and courier., 1906-11-12
WILL COST $5OO,OO0
BIG NEW BUILDING FOR TRoL-
 LEY COMPANY.

To be Erected at Chapel and Union Streets-WiII be Used in Part for Ad-
 ministratiOn Building - Other New Haven Road Notes. l It was learned authoritatively last evening that the Consolidated railway will erect in the near future big troll f ley depot building at Chapel and Union streets which will be the transfer or i terminal point for trolley traffic in this city, and for administration and other office purposes. It will cost together l with connecting improvements about i half a. million dollars and the money for the same has been appropriated. The | building will be five stories nigh and | will span the railroad cut distance of about 32O feet south of the Chapel street side. Plans for it are now being made. It will not be used as a new de- not for the steam road. It will adjoln 1 the Ford building on the west, which the Consolidated road now owns sub l feet to a lease to the Ford company. It is generally expected that the New
 Haven road will have the Connecticut
 Railway and Lighting company in
 short time probably by lease Philadel-
 phia papers say, speaking in regard to | the U. G. I. of that city that the U. G. I. has practically consumnated leasing
 the c. R. and l.. Co.'S property to the New Haven road.
 It has just been learned that if the board of rapid transit commissioners in New York act favorably on the appli- cation of the New Haven road for franchise permitting it to extend it's
 main line from Woodlawn to West Farms that company may become a bidder for the proposed Third avenue subway, contracts for which are to be advertised as soon as the board of es- timate and apportionment decides In what form the contracts shall be let.
 While no assurance has been given of- fieially by the New Haven road that 1t will bid for the Third avenue subway line many persons well informed re- garding the situation expect that it will. There is every likelihood also that the Rapid Transit board will grant the franchise.
 President Mellen of the New Haven iroad in an interview Thursday in Providence, R. L, admitted that the matter of acquiring the seventy miles of street railway lines known as the Ray system including the Woonsocket, Columbian, Providence and Burrillville socket companys lines is under consid- eration.
 President Mellen also said that he knew nothing of any negotiations for the purchase of the Uxbridge and Blackstone lines for the New Haven lroad's interests.
 President Mellen was asked: 'fAre ne- gotiatlons pending for the purchase of the Ray systems of street railway lines by the New England Securities com pany?"
 President Mellens answer was: "Only such as may be speculative re- sulting from some one looking over the property possibly with a view of bring ing the matter to our attention later"
 At the meeting of the New Haven roads directors Saturday the report of the earnings of the main road already published was made.
 A report of the gross earnings of the New York, Ontario and Western for the three months ended September 30 show that there were $2,36S,642, an in- crease of SPELL net earnings, $924, ,7S6, an increase of $222,S6O. The operating ratio was 61 per cent, a decrease of 6.3 per cent.
 The large increase in the earnings of this property since it came into the possession of the New Haven railroad system is regarded as a very fine show ing.
 The directors also granted several pensions to old railroad employees as a reward for long and faithful service. |