The Barre daily times. (Barre, Vt.) 1897-1959, 1911-02-18
NEW HAVEN
BUYS RUTLAND
In Counter Move on Grand
Trunk
GETS LINE TO MONTREAL
BY Way of Bellows Falls, Rutland and
Burlington-Also New Route
to the West by Way Of og-
densburg

New Haven, Conn, Feb ls.--President
Mellen OF the New York, New Haven &
Hartford and Boston g. Maine railroad
companies stated yesterday afternoon
that parties in the interest of the Yer
mont Valley Railroad company have ac-
quired 23,520h shares OF the Rutland
Railroad company from the New York
Central railroad.
The Rutland railroad connects with
the Vermont Valley road at Bellows
Falls, Vt, and runs from there to Rut.
land.
Thence its lines 60 to Burlington,
where they connect with lines now under
the Boston & Maine management ex-
tending into Canada and throughout that
section.
The road was formerly owned by J.
Seward Webb, who planned to get
through line to Boston by securing pos
session OF the Vermont Valley and
Fitehburg roads. but was blocked by
the Boston q Maine leasing the latter
corporation. Later. the Vanderbilts
took the stock off Mr. Webb's hands,
and while owned by the New York Cen
trail the road has been managed inde-
pendently.
According to further dispatches from
New Haven, the object of the purchase,
as stated by Mr. Mellen. is the acquire
ment in the interest of the Boston &
Maine railroad system OF route to Bur-
lington and Montreal by way of the
Rutland road The stock acquired is just
one-h half of that owned by the New York
Central The Vermont Valley railroad
is a corporation OF Vermont, controlled
by the Boston & Maine.
Mr.. Mellen's statement further says:
'The conditions heretofore surround
ing the use by the Boston & Maine sys-
tenn OF one of its principal routes to
Montreal have latterly become such it
was not deemed advisable to be further
dependent upon their continuance
i'The acquisition of this interest ex-
tends the line of the Boston & Maine
practically to the great lakes at Ogdens-
burg and by connection with steam
boat lines controlled by the Rutland
railroad, operating on the lakes, to Chi
cago and the West
This transaction also enables the Bos
ton & Maine to connect at another
point, and with a long haul upon its own
line. with the Canadian gran-carrying
roads. assuring more permanently par
ticipation in the export grain business
OF those roads by way of Boston.
''The proposed treaty of reciprocity
with Canada has largely influenced those
in control Of the properties to make this
investment, because of their hope to Sc
cure larger participation in the revenue
from this business, through longer
haul, and especially also, because OF their
desire to promote the interests OF the
trade of the port of Boston.
''The lines of the Boston & Maine and I
the Rutland are complementary and sup
Elementary, one to the other, and in no
sense competitive, and the service by
the two lines should be augmented and
promoted as a result.
The significance Of the new purchase
of Rutland railroad stock by what is
practically the New Haven road appears
in the fact that it is counter stroke
against the entry into New England by
Nhe AffAilu lIuIk IihuuSAt It's piVpRoEA
extension of the Vermont Central from ,
Palmer. Mass, TO Providence.
The important parts of the Rutland
are those extending northward from Rut i
land and the line extending from White |
Creek. n. V, of l6l miles, reaching /
northward to Noyan Junction, Que,
where. owning traffic rights, it connects
with the Quebec Southern and Canadian
Pacific over line 50 miles long to
Montreal.
The Grand Trunk southern extension
of the Vermont Central is thus contained
between two converging lines which viii
allow of the transfer of Boston & Maine
and southern business to Montreal. The
Rutland also has westward business over
its Ogdensburg line and owns the Rut-
land Transit company. which has fleet
of vessels from ogdensburg, N. Y, to
lake ports,
While the figures are not given out
officially. it is reported that the actual
cost of the half interest in the Rutland
has been S2,500000.