The Manchester journal. [volume] (Manchester, Vt.) 1861-current, 1911-02-23
Nrw HAVEN Bt,s RrrL,sp.
Gtts Iinc 10 Montreal ~ WAY oi
HrlIous rslls. Rutland and iiur.
iingion---,l~a Noa Kpote 10
The West bs va, ~ Og,iensharK.

New maven. Aunh., rep ih
President Mellen uf the Nv York.
New Haven Hartford and Bos
ton 4 Maine railroad companies
stated yesterday afternoon that
parties In the interest OF the Yer
mont Valley Railroad company have
acquired 23.62ois shares Of the
Rutland Railroad company from the
New York Cenual railroad.
The Rutland railroad connects viii
he Vermont valley road at Bellows
Falls, VI, and runs from there te
Rutland.
Thence It's lines 10 TO Burlington
where they connect with lines nov
under the Boston 4 Maine manage
ment extending into Canada aud
throughout that section.
The road was formerly owned BY
W. Seward Webb, who planned tC
get through line to Boston by
securing possession OF the Vermont
Valley aud Fitchburg roads. but
was blocked by the Boston a Maine
easing the latter corporation. La
Ter, the vanderbilts took the stocl
IF Mr.. Webb's hands. and while
owned by the New York Central thu
Dad has been managed independ
entity.
According TO further dispatche.
from New Haven, the object of th6
purchase, as stated by Mr. Mellen
the requirement In the interes
# the Boston q Maine railroad sys
EN- Of route to Burlington ant
Montreal by way OF the Rutlant
Dad. The stock acquired Is jus
me-half of that owned by the New
York Central. The Vermont Val
icy railroad IL corporation OF Yer
mont, controlled by the Boston &
Maine.
Mr.. Mellens statement furthe,
says:
"The conditions heretofore sur
'ounding the use by the Boston 4
Maine system OF one OF its prlnci
lal routes TO Montreal have latter
y become such Ii was not deemed
advisable to be further dependen
Ipon their continuance.
"The acquisition OF this interes
xtends the line of the Boston
Maine practically to the great lake.
It Ogdensburg and by connection
With steamboat lines controlled b,
he Rutland railroad, operating oil
he lakes, to Chicago and the West.
This transaction also enables
he Boston & Maine to connect al
mother point, with the Canadian
,rain-carrying roads, assuring more
permanently n participation In tn,
xport grain business OF those road |
~ way OF Boston.
"The proposed treaty of recipro
,ity with Canada has largely influ
,nced those IN control of the pro
)ertles to mako this investment, be |
'ause OF their hope to secure lar
ger participation in the reyenu,
rom this business, through long
n haul, and especially also, becaus,
their desire to promote the inter
SITS Of the trade OF the port of Bos
on.
"The lines OF the Boston d Maine
md the Rutland are complementar.
md supplementary, one to the othei
md in no sense competitive. ant
he service by the two lines SHOULD
)e augmented and promoted RS
esult"
The significance Of the new pur
,hase of Rutland railroad stock BY
What Is practically the New Have.
DAD appears In the fact that 1t Is
/ counter stroke against the entr!
nto New England by the Crane
Trunk through its proposed exten.
lion OF the Vermont Central from
Palmer, Mass. TO Providence.
The important parts of the Rut'
land are those extending northward
rom Rutland and the line extending
from white Creek, n. Y, OF 1G1
miles, reaching northward to NoyaI
Que, where owning traffic
tights, II connects with the Quebec
Southern and Canadian Pacific over
, line SO miles long to Montreal.
The Grand Trunk southern exten'
sion OF the Vermont Cenrtal Is thus
contained between two converging
lines which viii allow of the trans.
Ter Of Boston a. Maine and southern
business to Montreal. The Rutland
also has westward business over it,
ogdensburg line and owns the Rut-
and Transit company. which has o
'leet OF vessels from 0gdensburg
\. Y. to lake ports.
While the figures are not giyer
lut officially, II is reported that the
actual cost of the half interest In
he Rutland has beel $500, 900.