New-York tribune., 1907-06-01
NEW HAVEN MERGER.
Consolidated RaiI5cay Common Stock
TO Be absorbed.
nv -Nlr---h .. t. rr,hr-.

lBy Telegraph 60 Tue TT'buael
New Haven. MAY 2.-rre merger Of the New
York. New Haven < Hartford Railroad Company
with and in the Consolidated Railway Company
was unanimously approved ly the stockholders OF
the Ne" Haven company ar "a sg'C.a. meeting in
THIS ...T to-day. This amendment % the char
Ger OF the New Iiavcu company, which OWNS
"sp'rt. Of Consolidated stock. is contained in ID
resolution, recently passed Hy the General Assem-
bly, Its object is 70 eruhtue the common stock 81
's TWO corpora lions under t.e title Of the New
3'k Ne" Haven s. Hartford Company. with the
bylaws or the Consolidated company and its o.-
fe-'.ss. until The ,~.: nruvaI il-.t!u-
II was l...1"d f-"a So" uar,a ofGe IS t.at The
'''T %. Stock ...' '.e c,iar1f.E .Es
a...'d - .aH. .....3 uu tile N-r I.ra -to... I.y-
change was iu.:leilatpl. connected wIf tu-I..v's
merger Tho CONSOLIDATED c.r.rar, r.aa0r.v tool.
Over U-a NeW England Navigation Cu,.v.r.. at a
valuation Of &aer'prp or exactly the price which
y. W. Morse some time ago offered for the prop
eriE AEains. Ills $-00r, 90 of Consolidated Rail
wa, Company stock was created. which. added to
me previous "ut-tanJiuE SopJtoou makes S3'uct.-o
"' s''cf. ".ra tu the merger uow is represented
by the #'"JVN or stock. snur, for share. Of the
steam corporation. This &aoo15rD of stock while
l"2a|I} oNistanaLuE ie held I'm tI.. NV York New
l'''"A X Hartford Halaoad Non.paay'- treasury
for any legal use whatsoever
Al The special meeting President M-uea declared
mat the stockholders had no reason 10 fear cur
is'lineHt In dividends that Cl. greatest source Of
o'i'"s-ieSs just now Was the demands of the labor
...."l.5 which would cost tho railroad an additional
}S"''" ln the coming Year. and that with every
''''7" in wages Through union labor demands had
come decreased efficiency in service he said.
81 "ppr"Aimat. the surplus over and above all
dividend rrqI.r"ner.ts- The amount of money that
Jas I3s been expended and regarding which tn~re has
L'.Sl.i. ~ counts 1Hd uncertainty as To- the wisdom
~ - -" l'..'f ~ lhe 'omptnN. has been large aa1
nothing fbet na g' 49,. ] can can 'on''tlt "'
p. san frr. ..fr
with sood surplus 70 re,ufolca mat n, leud as
against a recession iu business. and ann unable 70
L,,'l,'l. except iHai the company has been fn-
- $40" d. n great many TRANSACTIONS for any "I-
7'a.IhtE ~ any ''Nos'meut iu any class Of the
The only uncertain. unhappy clements Wit. which
which ", n eos. r,- '-t... ..,..t..- ,-,, ..r
ffegf.t car d,ulrlt-. d,ra.af I.. tI. &r..-t, Am
VII make another <r'.... .rprra-, i'm u..r expenses
Therefore l.r., to look 10 t..- face from Ia.y J.
-.G' l.. 50 50 '4i Jas IL gEtH'l"a Labor Item l-
creased efficiency "Iu. every increase granted In
rsaaaense May Announcement, va- nsa,
to-day that the Providence IS Eluu,<lu~ and tl.e
columbian & Woun-oeEor street railway eor.la-
iirs WsIo T. bee merged u'r. ant ...o... d eor..-
late part o' ne Rhode Island rn.gaay Tire lat-
t,r ts the .o.atas company w.le. operates IL.
street railway properties lr :ar s,ar~ CONTROLLED.
"E the New York. Sew Ha.ya v Hartford Ran.
road
W.as,.5 Conn Nay 7.la rae Superior 'a~.,
to-day application WIS made '.r u.-a.se... :.
chang" 'H. a"n.. ~ ta. T..a.a...n U-nr-u. CONE
PANS -n t." .a-..t...' ..r,a.r Yts comp. 10.
d. r,r'r.. 81 hr the Sew N.re Sew r-.,a
HutE.rd i..Hr.aa ..r........ ... t- u.t.. ...-
- E.H' ~ r..T..s ..--. -.H.in.s '.- r.. s.-.-..
mis- state. rta .s ..t..n. .. ....t,.. ........
'.'b t.. Sew .tat.. corporation. .' .s .r a.ts'a.
company ~ f.. a.r.. ... l,.t t.....rr.....
tr r.. r... 't.r.s ..,.If......r