New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1911-09-15
NELLEN BLAMES PAPERS
GAYS Resignation FaIk Started
from Malicious Story.

..on. Sept H-Charles :. Mellen.
s,asnt OF the New York, New Haven
hartford Railroad. in formal state
y, to-day gives his version OF the way
rhich the report Of his retirement
Tined circulation. He denies there is any
- Of fact for that rumor and says he
M intention of resgning. Mr.. Melien
-, senics that there is i'm sight any pos
~ reason FOR expecting a reduction
,he New Haven's s per cent dividend
=. statement in part follows:
$50 dav last week. there was received
Nr Mellen through the roads press de-
.r,ent an article from a newspaper,
80 FOR reasons that will occur TO all
;. Sces not wish 10 name, full Of insinua-
- and iunuendo regarding his connec-
- With the New Haven railroad and
gs.s;nc that his early retirement from the
S~si5encv was a foregone conclusion, or
.sss 10 similar effect.
Us article was presented 10 him with
= -eouest from the paper that he affirm
w,,berwise comment on the report of his
el,rsneut He wrote upon the request
~, be was TO retire. but the date was not
- MT. Mellen saws that he was on
.,n road extremely busy, and nettled at
- article which he regarded as malicious,
"a the request for a statement. under the
t.ss.,rnstanCes, he deemed impertiuent. He
.saa.,sts II the people had been miSled. for
,u"xas far from his disposition 10 be
n.,sv 10 any deception.
me dividend of October ]. 1911, has been
\ a.rlsred and has been amply earned. IN
- something occurs more than he be-
49, is likely to-unless there Is some
| -,,srlysm in business impending which he
sen,of foresee-the question Cf a reduction
.scnd never be raised. The matter of a
.esuction Of the dividend has never, TO his
r,oxledce, been considered in the New
a,reu board and has never been discussed
IN him by any of the directors.
ur. Mellen later sent out the following
sstenent concerning the absence OF Cen
sd Manager Higgins.
NJ. Higgins has not resigned as general
ssRsger Of the New Haven road. but has
-ceived leave OF absence at his own re-
s,ts until December 81. 1911. It is only
hir to say, however, that Mr.. Higgins
riShed 70 resign. but 7 tried 70 persuade
nm not to-. aud he has consented 20 hold
~ matter in abeyance until later date,
Shen he viii advise me Of his ultimate de-
sso1.
M. Higgins had trouble enough of a per-
sanal nature 20 make a much strOger man
sssr troubles he has had none with his
ugssident and will carry with him wher-
exc, ne goes my earnest good wishes for
N that makes for his happiness and pros
Nfty-
nauiel Willard. president OF the Baltimore
Ohio Railroad Company. who. according
% recent rumor. may replace Charles S.
yelIen as president Of the New York. Now
haven & Hartford. denied yesterday re
port from New Haven that he was 10 at
,snd the coming meeting Of directors OF
N. New Haven. and that he had been or
was about 20 he elected 70 the board OF
that company. re said that he had no IN
t,ution Of becoming either a director or an
officer Of the New Haven. adding:
Z came 20 the Baltimore & Ohio he
taus. liked the road, and intend to stay
with H.
View Haven stock Yesterday sold down TO
iEs. which is said % he the lowest price
II has touched since 1874. I'm the panic Of
N n went "a 1878.