The news-democrat. (Providence, R.I.) 1906-1909, 1907-10-30
PERRY AND THORME SELL
To NEW HAVEN RAILROAD
Continued from Page One).
S4O.OoO. 900 CAPITAL.

When Messrs Thorne and Perry gained
control the Westchester road had al
ready spent 81. 10000 I'm construction work
IN the Bronx and Mount Vernon. with
graded roadbed practically from one
Hundred and Seventy y-seventh street 10
tine Mount Vernon line. and many steel
bridges over the highways In place. POS
sibly 100000 had been expended upon
the properties before they took hold, the
bulk of the amount by the Westchester.
Not much has been done on the con-
struction OF the road since the consonua-
ton Dick a Robinson, the Westchesters $
fiscal agents, were dissatisfied with the
plan to tie the Westchester up with the
Port Chester in the construction or
single route, and they brought an ACTON
against Mr. Thorne and Mr.. Perry. An
Injunction was obtained by the plaintln,
and that Is still in force. argument on the
appeal having been set for some une
next month.
THE Westchester road when II was ta-
ken over by Perry and Thorne was capt.
talzed for $4,000 900 In stock and $20.OW,VO
I'm bonds. The Port Chester was capi-
talized at s25o,OOo. IL was intlmated al
the time of the purchase by Perry anu
Thorne that they were acting Tor lne
New Haven, but this was denied. The
present developments substantiate the
theory then held.
ven's acquisition of the Millbrook com
pany is embodied in "A statement made
public by the New Haven's press rep
rcSentative, as folloWS.
NEW HAVEN EXPLAINS
'The Millbrook company has been own
ed by the New York, New Haven and
Hartford Railroad company practically
for over a year, and the action is mere
ly the formal transfer TO the New Haven
company from the people who have been
handling II for the New Haven companys
accounts. The transfer involves no new
obligations nor additional expenditures by
the New Haven company at this time.
The MillhrpOk All OF the
New York and Port Chester Railroad
company. and very substantial major,
ity OF the New York. Westchester and
Boston Railroad company.
This transfer was arranged for several
months ago and has been In the hands
OF committee, comprising four or Inc
most prominent directors OF the New Ha-
ven road. The properties have under
them Il is understood. several associate
companies, and the combination taken as
n unit owns extremely large charter
rights. giving IL substantially exclusive
power TO build standard electric roads
between the Harlem river and the Con-
necticut line. The ultimate plan contem-
plates n considerable number OF four
track standard lines. connecting with the
New York subway system.
The New Haven road, II Is understood.
| intends TO undertake the building OF this
vast system as soon as the conditions OF
| the money market permit, and II is called
| for by the exigencies OF public convent
4
| remote future.
ITS RAMIFICATIONS.
Northward the proposed system will
| extend to New Rochelle, Westchester,
| Mount Vernon and White Plains. IL will
| connect with the Harlem River and Port
Chester railroad already New Haven
property, at West Farms. Southwark the
One Hundred and Seventy-seventh street
connection with the subway will be its
! extent.
IL IL claimed that under the charter the
Millbrook company has the only lega
privilege OF any such line In reaching the
subway in the region where IL Is situ
ated
One OF the motives OF the New lIaver
| road In buying up the system has beer
| its possible serious competition In north
ern New York city and as far north az
the Connecticut line.
The Millhrook company, under It's char
ter. has wide powers In the way OF con
| structing lines. extending lines and hold
, ing rights. Under the laws OF the stat
OF New York the New Haven road ma,
| control the Milbrook corporation. whcr
IL might not Toe able TO buy the ralroa
! system directly,
IL is believed i'm New Haven that th
| step is preliminary 60 the establishment
in future years by the purchasing com
pany OF a much larger terminal OF Il
| own. or at least OF much more extensiv
New York terminal facilities