New-York tribune., 1907-10-30
MILLBROOK co. SOLD.
n. T., n. III. 6 HI. BUYS 1T.
Noe Controls Connecting Roads Be
t7Ceen Nee York and Ne5o HaUen.

After long pending negotiations the Millbrook
Company, which is the holding company for the
New York Westchester & Boston and New
YORK & Port Chester railroads and their as
sociated companies. finally sold yester-
day TO the New York, New Haven & Hartford
Railroad Company by Oakleigh Thorne and
Marsden J. Perry, who obtained control of the two
roads in November, 1906. The sale price was not
made public. The purchase of these roads by the
New York. New Haven & Hartford marks the
last step in the acquisition by that company Of
various connecting electric lines between this city
and New Haven.
The Millbrook Company, under It's charter, has
considerable powers in the way of construction Of
lines extensions OF lines and holding powers. Tn
der the laws of the State Of New York the New
Haven company can control the Millbrook Com
pany a holding corporation. where II might not
be able to buy a railroad system directly. II is
believed here also that this step is preliminary to
the establishment in future years by the purchas-
ing company of a large terminal of its own, or AT
least of much more extensive New York terminal
facilities. to which the six-tracking in the
Harlem region gives also an additional clew.
The holding corporation owns completely the New
York and Port Chester Railroad and large ma
jority of the stock of the New York. Westchester
& Boston Railroad. These have under them num-
ber of associated companies, and the combination
whole owns extremely large charter rights Civ
ing substantially exclusive power to build standard
electric roads between the Harlem River and the
Connecticut line.
The New Haven road intends to construct this
system the conditions Of the money
market allow and traffic tusties IT,
The combination finally consummated pro-
vided for four-track rapid transit line between
l17th street, the West Farms terminal of the SUBJ
way. and Mount Vernon, New Rochelle Port Chester.
White Plains and other large towns in Westchestel
County The total capitalization Of the two com
panies was 500 250, 900 in stock and $4,000 900 r.
bonds. Among the men interested n
panes prior to their being brought together were
John w. Gates. Charles ". Morse and Charles T.
Barney
II appears, however. from a statement made last
night by large minority stockholder OF the New
York. Westchester & Boston company that litlga-
and that the New York. New Haven & Hartford in
buying the roads has also brought lawsuit This
minority stockhOlder stated that he had obtained a
temporary injunction, which afterward made
permanent by Judge DAYTON. restraining the Board
Of Estimate and Apportionment from granting per
mission to the New York & Port Chester to take
over the located line Of the New York Westchester
& Boston in The Bronx. and also restraining tho
two roads from entering into any agreement 10 do
so, This case will come up for argument in the
Court Of Appeals November O. In the mean
time all work on the roads has been discontinued.
The stockholder said that his for taking
this step that the Westchester company had
expended 100000 its located line In The Bronx
while the Port Chester company had not spent "A
cent in that territory and that he did not purpose
to sit idly by and let the latter company through
some capitalists arrangement. take possession Of
property In which he was large stockholder while
he could do anything to prevent II.