Norwich bulletin., 1911-02-25
SEA VIEW ROAD
 HAS CHANGED HANDS
Providence and Danielson Line Has Secured Controlling lnterest-Grand Trunk May Be Interested.

The story to the effect that the Sea View railroad, which runs from East Greenwich to Wakefield, R. l., had been sold, was substantiated by the announcement of D. F. sherman, pres ident of the Providence & Danielson railroad, to the effect that he and. sev- eral associates had purchased the con- 1 trolling interest in the road from Am drew Radel of Bridgeport, Conn, for merly president and the largest stock holder in the Sea View.
 Following the change of control a directors meeting was held in Provi- dence Friday at which MT. Sherman was elected president of the Sea View road, and Franklin A. Smith, IT,, sec retary of the Providence & Daniel son, was elected treasurer
 The other officers, Louis A. Bell vice president. and W. A. Clarke. gen. eral manager and secretary of the Sea View, both of Wakefield, were re- elected. The officers and T. F. l. Me- Donald of Providence, attorney for the road, comprise the board of directors
 MT. Sherman said that it was the intention of the new management to continue to run the road and to spend considerable money for it's improve ment and operation to benefit both the stockholders and the patrons. The of7 fee of the company has been removed from Bridgeport to Providence, where
 
 is the Grand Trunk lnterested7
 When asked if the purchase of the road had any connection with the plans of the Grand Trunk in Rhode Island MT. Sherman would not commit him self, but he said the Grand Trunks interests in Rhode Island will not be injured in any way by the change of control of the Sea View.
 The Grand Trunk charter in Rhode criy O 1~iO far1 ir1rr into Beast Greenwich where the Sea View railroad connects with the lines for Providence There are also about 20 miles of bay shore around East Green wich that might be utilized as a ter minal where it would be possible to connect with the Grand Trunk.
 Furthermore, the Sea View has charter rights to Westerly. where it could connect with the Norwich and Westerly railroad, which has. rights into Connecticut, and the Grand Trunk through its subsidiary goad. the Gen. tral Vermont, runs to New London.
 MT. Sherman's announcement has naturally created deal of talk and there is much speculation as to who is really behind the move. If the Grand Trunk is furnishing the money, the control of the Danielson and the Seaview, together with the Norwich and Westerly, which so far as known is controlled by Morton F. Plant, would give the Grand Trunk trackage from Connecticut to Olneyville practically paralleling the Shore line from New London.
 However far-fetched this view of the deal may be, it is simply one of the points brought out in the specula- ton that the announcement of the change of control of the Sea View has caused.
 Attorney T. F. T. Mcdonald of the Sea View said that his road was go- ing to oppose the application of the Peacedale Manufacturing company to have its charter rights extended to permit of the selling of electricity in the South county.
 The Peaceda1e company asks for an increase of $1,000,000 in its capital stock and surprise is expressed that for the purposes stated. One million dollars would more than cover the capital stock of the Sea View, which is only $750,000.
 Of course MT. Sherman has not told the whole story, and the meat of the deal lies in the identity of the per- sons who are behind MT. Sherman.
 Grand Trunk Talk.
 Representatives in the general as- sembly from the towns of South and North Kingstown and Narragansett knew nothing of the reported sale of the Sea View railroad. Thursday morning one of the South county as- semblymen said that he had heard that the Providence & Danielson road had taken over the Sea View and that the sale might be portion of the plan of the Grand Trunk road to secure rights in this state. Under the char ter of the Sea View road a provision is made that gives that company the right to condemn. for eminent domain. any land it desires.
 Just what use the Grand Trunk road would have for the Sea View is not certain.
 The committee on corporations of the house is to fix a date for public hearing on the act increasing the cap- ital stock of the Peacedale Manufac- turing company It is said that dur ing the hearing some important de- tails concerning the Sea View and Narragansett Pier roads may be brought out.