New-York tribune., 1910-05-25
EXPLAIN P. R. R. MOVE
pAsd officials Deny That Control
of New Haven Is Aim.
CONFIRM SALE OF STOCK
r,,ser Traffic Relations Between
,he Two Lines Looked for
in Future.

s--,zsios of the Philadelphia report
,,e PENNSYLVANIA Railroad Company
Asan increasing its holdings of stock
= re NeYg York. New Haven G. Hartford
-s,en yesterday by officers of both
is who added that there vas no in
- ~, TIC part OF the Pennsylvania 70
= control Of the New Haven President
-, of the New Haven said:
..r-og- or i've mcnths ago the Pennsyi-
a. railroad acquired about sooao shares
- Haven stock Il has acquired none
,,,s. time SO therefore its total hold
,,ozv amount 10 about 6e.oeo shares. As
- 3 1ittIe less than per cent Of the
-, Nevv Haven stock outstanding, the re-
- control Of The New Haven by the
-.-,sz1vsnis is q piece OF asintnity-
.ss-er The acquisition Of this 5a0go shares
a., PennsvIvanis company it requested
/, receive further representation on
s+-so+orate of our road. We are per
- r-IIiue 20 do this. and another di-
- -ep-eseu-ing its interests. would
=. hesn added a. the last meeting had
-. been a vacancy. When there Is e
.-r.. 2 director representing the Penn
,.-,-ia interests VIII be chosen. This is
a. s-ou1 meaning. however. that the Penn
,,-.ris controls the Kew Haven. Such
-.4.e r-op I'D every once in 8 while. and
arr -iresome as well as absurd"
+- understood that Thomas De Witt
,as- ~ Phi adelphia, who is . director
:, hs Pennsylvania VIII be the repre-
-.--,.,y. II that road 20 enter the board
!, .sa Kew Haven o. which President
..--es cf the Pennsylvania is already 8
nenosT
-. Mutual Life Insurance Company.
-.i.h rnde- the Law must divest itself OF
- ,,s stock holdings by the end OF 1911,
BE Ger wears owned $3.50 shares Of the
a. -ss-e-s stock. and i is understood
.ss- tbs block Is part Of the 5000 shares
-.-t-1lv acquired hy the Pennsylvania,
-A,qh bv that acquisition becomes the
f,.-yss; single shareholder in the New
Haven.
/ rbe fra<fc relations between the Penn
,z4vsz:s and the New Haven have been
,,oss for wears. the interchange Of traffic
,s;,r estimated ct one hundred and fifty
.soussna or more cars year, represent
,nr ire traffic Of New England with the
s v-s=- and South. This interchange. which
,nolu5ss certain through passenger trains,
q u present conducted by means OF car
ts--r soars but with the com pletion Of the
New YORK Connecting Railroad, in the COD
s-ructfon CT which both the New Haven
sns The Pzursy sy-lvania are interested, all Of
ne New Havens passenger trains. except
.base a the suburban service. are expected
n make the Pennsylvania New York Ter
r-iual Station their own terminus, while
,bs freight trains VIII he delivered at Bay
pjdgs. thence TO be ferrieG across the com
lrs-stfvelv short distance TO the Greenville
trs-ss of the Pennsylvania, the Pennsyl-
rv-is-s freight destined for New England
ronts 10 be shipped by the same route. A
suggestion was made by President Mellen
.zp o- three years ago of the possible build
.uE of subway In this city by the New
Hsvsn. and II Is thought not unlikely that
n tine. after the completion of the west
rbss,s- and Port Chester roads. the traffic
g that line and the suburban traffic OF the
vs- Hsxen-s :nain line may be delivered
u this city through such subway