The daily morning journal and courier., 1907-12-12
above proves conclusively that the banks are in a flourishing condition NEW MJVE IN
 R. R. DISPUTE
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company's consent that MT Mellen had recently secured the Boston and Maine shares, and also because after the experience In Massachusetts with the Boston and Albany, opposition to control of the Boston and Maine by the New York Central would be bit. ter, if not fatal in that state. The theory that the Grand Trunk might be seeking control was also rejected promptly for many reasons, chief among which was the meagre physical connections that system has with the Boston and Maine
 AS result of various conjeetures opinion in railroad circles here at last focused on the conclusion that the interest seeking the Boston and Maine shares was the Canadian Pacific. The strong financial condition of that com pany with it's 5000 miles of railroad and through continental, lines and it's connection at such junction points as Calais, Yanceboro, Me, Mattawankeag, Me, Cookshlre Junction, P. e., sher- brooke, P.J., and at Newport, Vt, gave strong plausibility to this belief.
 Accepting this theory railroad men here are discussing a number of inter- esting phases of the proposed sale There is high authority for stating that before any sale could be made to the Canadian Pacific or any other company the New York, New Haven and Hart 1 ford corporation would feel compelled to offer the Boston and Maine first to | the New York Central The New York Central, 1t will be recalled, withdrew opposition at the time of the Boston and Maine purchase by the New Ha- ven, and made that purchase feasible. Asa matter of courtesy therefore, l President Mellen would undoubtedly 1 feel compelled to give an option to the l New York Central before offering the 1 Boston and Maine stock to any rival interest of the latter company such as | the Canadian Pacific to certain ex- | tent Is.
 Other points of interest raised In con- nection with the negotiations are, first the attitude of Massachusetts, and sec- ondly the attitude of the federal gov ernment. Tn railroad circles here, while it is thought Boston would be ! favorable to the plan, there is consid- erable doubt as to how Massachusetts loutside of Boston would regard it. As to the disposition of the federal gov. ernment, it Is regarded as not unlikely that 1t would view with disquletude the entry into an important section oi the country of so large a railroad in terest as the Canadian Pacific; partlc- ularly in view of the Canadian Pacif1c'l close connections with the Canadian administration.
 1t is definitely ascertained here that the negotiations nave Seen in progress
 but very few days and have not beer discussed by the New Haven's boare of directors, a number of whom it k found positively, had no knowledge ot the proposition made to President Mel len The board of directors meet next
 Friday, when the proposition will prob ably be raised before them. Tn view of the past policy of President Mel. len it is not regarded as likely that the proposition will be accepted, as it would Involve the surrender of 8 large part of the territorial control for which President Mellen has been striv. ing so long.
 A director of the company speaking of the matter expressed strong dis belief of the acceptance of any offel however high, for the Boston and Maine stock but added that it might be taken into somewhat serious con sideration in view of the attitude oi consolidation in Massachusetts and Northern New England while he would not admit that the proposal had come from the Canadian Pacific, he added that the New York Central would be likely to oppose any transfer to in- terests rival to it's own, and that in the present friendly relations of the New York Central and the New Haven, suct opposition could not be disregarded.
 It is also ascertained here that the New York, New Haven and Hartford company will not part with it's Bostor and Maine shares without compenine the purchasing interest to take ovel with them the Massachusetts trolley, nIzo o,,5 x..IlI rpafaaf He c4no,,, -osy..-..