New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1907-06-12
MELLEN URGES MERGER
LUCIUS FUTILE AIDS HIN.
If Ne7C HaUen Had Not Got b. s
". Central Would.

Boston. June 1.-THE merger hearing at the State
House to-day brought before the legislative Com
Enttee Railroads the two leading authorities IN
New England OBSERVATION-DISCLOSURES S, Mel
len. president Of the New York, New Haven &
Hartford Railroad and Lucius futile, president of
the Boston & Maine Railroad. both OF whom gave
their of the direct and Indirect, lead
ing UP to the control Of the Boston & Maine by
the New Haven road. Both presidents agreed that
Massachusetts laws were sufficiently drastic
10 safeguard assa chusetts interests and said that
at the present legislation was necessary It
was anDounced that later, possibly next year the
New Haven road might ask the Legislature FOR Its
approval OF the merger.
The two railroad heads were heard at the after
nam session the morning being given 10 William
q Lawrence, OF Medford. a stockhoider IN the
Boston s, Maine. who made long ana FeneileH.
sreach In opposition 10 the merger. in course or
which he asserted that the stock or TWO OF inc
,,t,.,a,a-,, cor,nenies OF the New Haven road was
considerably ''watered." At the conclusion OF the
addresses OF the two president IN the afternoon
7 D Brandeis the attorney for MI Lawrence
again addressed the committee, and at the request
~ some Of the members presented second Dill OF
NAVAL nature which, he claimed. would prevent
4,,r+rer consolidation OF Massachusetts railroads
~ even their being controlled by OUTSIDE c"hP@-
MES. 49,.
The addresses Of the two presidents were the
features Of the day Mr.. Mellen told the commit
toe e., resnonse TO questions. that II the New ma
,.er road had not secured control Of the Boston q
Maine a few weeks through the etoF's OF m
terests that were identified with or faVoraoie 10
the New Haven road. the control OF the boston q
Maine would have been secured os '''e NV
Central Railroad Company
Interests favorable the New Haven road' ne
said now control approximately loo'Voo 'iai -,
poe,on z, Maine stock. Mr.. Nellen was eNceeuinslS
ga-cast,c IN some Of his remarks claiming tha'
:, o-,+t,r ~ the merger Of a Vindictive
,o,rra and showed his resentment by refusing 10
ba examined by Mr.. Brandeis
Mr. MeIen told the committee at the outset, N
.r,s,ver 10 the stock watering arguments W Nj
Laurence that there not one doI!aF Oh 'ie
caDital stock Of the New Haven ROAD tlat uu NJ
.,r.ser+ more than 100 cents. He said that SINCE
INV 1903 the New Haven road had eNpeHue"
more than $50 600 600 in improvements anu !" ''
oo,r,+ies Of other companies. he dec!areu Uia'
10 nd kent every promise which he had maoe 70
=, I.1a+,,rA at a hearing a year ago. when ne
"a nat he would not attempt 10 secure any more
trolley lines in Massachusetts, he huiiii''eu'
.,.ar that since then the New haven lo"u '
- control Of the Rhode Island Company
ard had found in treasury the STOCK Oh 'io IA
80 Eoivav which had trolley line running
80 NIaesacb,setts. a similar conhltloh ~
~ tho purchase Of Connecticut company '"S '''s
a limo near the Massachusetts border an ''''
purchases, however, were mehe Si"'' ~
LEGISLATURE began IT'S session. 49, - ..
70 ,s,yar 10 questions by the committee as 10
~, roathod employed in obtaining control OF .e
Roston &, Maine President Mellen sald '''t Ia
ottention was called TO the fact that certain 'o0
,1.-s o@ the Bostors & Maine desired 10 sen
| ioiue' .o+s ~, a brokerage house in Boston.
- = a1so told that unless the New Haven road
octad quickly another railroad. which no di.e,
-rord admitted was the New YORK central 49,
an+,re the Boston & Maine. Stock OF the DUSTIN
O. Maine road to the amount or l1V" shaie' Voc VOC
then taken up or acquired pS ht'''
~ the New Haven road
Senator Vahey who spoke yesterday in OPPOSE
.,on "a +hs merger was permitted by the commit
tee to ask Mr. Mellen number Of questions. nj
Vabev tried obtain from PRESIDENT Me'en q
| -ro,,isa that no further effort would be MADE by
+r,a,d1, interests TO obtain additional Boston q
! -. -, until The New Haven road had asked
~ 7 legislature to permit the merger. Mr.. Meleh
aid not see how he could control the acuoh Oh III
d,,tdrals even though they might De iaVo' "'ie "
- aI,bouph he admitted that those interests
would not have acted in connection WIN ule p'e
-. ,Eat,a a. he (MeIlen) had not requested IT,
and he believed that those interests at the annual
meeting of the Boston e. Maine ROAD "ouio we
FOR the directors whom he might lhuio"''
disagreed with Mr.. Vahey in that tHeIe "'S '
law in Massachusetts which would prevent an IN
di,5duaI from gaining control Of the Boston q
Maine in the interests of the New Haven road
II think there is such law" said Senator
Vahey land If I were the Attorney General
would invoke it"
PERHAPS that IS why you are not the attorney
| General" quickly replied Mr.. Mellen
AS the laugh which followed President Melen 8
retort the Senator subsidized Mr. Brandels jumped
10 his feet and began 10 ask the New haven presi-
| cent a question. Mr.. Mellen interrupted MIN ao-
ruptly and with considera BILE warmth said that he
| would not supply the other side with ammunition.
| The president then. bowling to the committee.
/ turned his back the Boston lawyer, and push
| ing his way through the crowd left the room ana
| the State House.
| President futile then addressed the committee.
He said that the indirect cause of the passing OF