The daily morning journal and courier., 1907-10-30
New Haven Road Secures the Entire Thorne-Perry Holdings in Mil
 brook Co.
ANNOUNCEMENT IS
 OFFICIALLY MADE
Step Preliminary to Establish ment by Consolidated of its Own New York
 Terminal.

nouncement was made to-day that
 long pending negotiations were con cluded to-day by which Messrs. Oak leigh Thorne and Marsden J. Perry have sold to the New York, New Ha- ven and Hartford railroad their entire
 holdings in the Millbrook company,
 which company owned the New York, Westchester and Boston and the New York and Portchester railroad and
 their associated companies.
 Oficial details obtained in this city last night of the sale by Oakleigh Thorne and Marsden J. Perry of the
 Millbrook company to the New York, New Haven and Hartford railroad corporation, show that it is a transac- r tion of the utmost importance and magnitude in it's bearings upon rapid transit in the upper part of New York ! city and also in it's bearings upon ter 5 minals lower down. The transfer was H Etli dlllSC0 M ct llulIlOCl VI IlOlllllD cl5O I and has been in the hands of a com mittee consisting of four of the most prominent directors of the New York, New Haven and Hartford Railroad company. The property was paid for nearly year ago and therefore in wolves the creation of no new obliga- tions on the part of the New Haven corporation.
 The Millbrook company, which is bought out, is holding corporation that owns completely the New York Ind Portchester railroad and a large majority of the stock of the New York, i. Westobester and Boston railroad. These have under them a number of associat- q ed companies and the combination as a whole owns extremely large charter = rights giving substantially exclusive power to build standard electric roads
 between the Harlem river and the Con- necticut line. In the Bronx a consid- } erable amount of money has already been expended for the purchase of real ty for one of the lines, and the ulti- mate plan contemplates considerable k number of four track standard lines connecting with New York subway sys- tems. The New Haven road intends to undertake the building of this extensive system, as soon as the conditions of the l money market allow and it Is called for by public convenience.
 NorthWard the proposed system will extend to New Rochelle, Westchester, Mount Vernon and White Plains. It
 will connect with the Harlem river
 and Portchester railroad which is own
 ed by the New York, New Haven and
 Hartford railroad company, at West Farms, and southwark it's most imme-
 diate connection will be with the sub way at 177th street.
 It Is claimed under the charter, that the Millbrook has the only legal privi- .ilege of any such line in reaching the
 subway in the region where 1t Is sit-
 uated. One of the motives of the New
 Haven railroad in buying up the sys-
 tenn has been its possible serious com
 petition in northern New York city and
 up to the Connecticut line.
 The Millbrook company, under it's
 charter has considerable powers in the
 way of construction of lines, extension
 of lines, and holding powers. Under
 the laws of the state of New York the
 New Haven company can control the
 Millbrook as holding corporation
 where it might not be able to buy a
 railroad system directly. It is be-
 lleved here also that this step is pre-
 liminary to the establishment in future
 years by the purchasing company of
 large terminal of it's own or at least
 of much more extensive New York ter
 minal facilities to which the new six
 tracking in the Harlem region gives
 also an additional clue.