Daily Kennebec journal. [microfilm reel] (Augusta, Me.) 1870-1975, 1911-02-18
Buys SIice Of Rutland Rail-
road Of n. Y. Central.
Counter. stroke Against Grand
Trunk Entering New England.
Southern Railway Declares Divi-
dend, First Since Oct, 1909.

New Haven. Conn. Feb. E.-Presi-
dent Mcllen of the New York, New
Haven & Hartford and Boston &
Maine Railrods, this afternoon stated
that parties in the interest of the Yer
mont Valley Railroad Co. have ac-
quired 1880 IL preferred shares OF
the Rutland Railroad from the New
York Central.
The object Of the purchase, accord
ing to Mr. aIclleE's statement. is the
requirement in the interest of the
Boston e Maine Railroad system of a
route 10 Burlington and Montreal BY
the way of the Rutland road. The
stock acquired is Iust one-half of that
owned by the New York Central. The
Vermont Valley Railroad is Il cor
poration of Vermont controlled by the
Boston & Maine.
Mr.. Mellen's statement further says:
The conditions heretofore surround
ing the use hy the Boston & Maine
system. of one OF its principal routes
To Montreal, have latterly become
such il was not deemed advisable to
be further dependent upon their con-
tinuance.
The acquisition of this interest eX-
tends the line of the Boston q Maine
practically to the Great Lakes at Og-
densburg and by connection with
steamboat lines controlled by the Rut-
land Railroad. operating on the lakes
to- Chicago and the West thus en-
abling the Boston Il Maine to assure
To the port OF Boston Il larger per-
eentage of the grain carrying trade
fran ctiDn 9tSn enables the lSDS-
ton & Maine to connect at another point
and with a long haul upon its own line
with the Canadian grain-carryins roads,
assuring more permanently parucipa
zion in the export grain business Of these
roads by way of Boston.
The proposed treaty OF reciprocity be-
tween Canada and the United States mas
largely influenced those in control OF the
properties to make this investment be
cause of their hopes to secure larger par
ticipation i'll the revenue from the busl-
ness. through a longer haul. and espe-
cially also. because of their desire to
promote the interests of the trade of the
port of Boston.
The lines of the Boston X Maine and
the Rutland are complementary and sup
Elementary one TO the other ana IN no
sense competitive. and the service of the
two lines should be augmented and pro
NOTED as a result.
The Significance of the new purchase OF
Rutland Railroad stock by what Is prac-
tjcally the New Haven, appears III the
fact that it is a counter stroke against
the entry into New England by the Grand
Trunk through It's proposed extension OF
the Vermont Central from Palmer, Mass,
to Providence The important parts OF
the Rutland are those extending north
ward from Rutland and the line from
White Creek of I6l miles reaching north
ward TO Noyan Junction, where, owning
trafIice rights, 1t connects with the Que
bee Southern and Canadian Pacific over
a line SO miles long to Montreal. The
Grand Trunk southern extension Of the
Vermont Central is thus contained be.
tween two converging lines which Will
allow of transfer Of Boston & Maine and
Southern business to Montreal. The Rut-
land also has westward business over its
Ogdepsburg line and owns the Rutland
Transit Co., which has a fleet of vessels
from Ogdensburg. n. Y, to Lake ports.
While the figures are not given out Of
CONTINUED on Page Twelve)