New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1911-04-25
N HAVEN IN ALBANY
,.smes Half Of the Task OF
Paying Dividends.
uope OF PROFIT LATER
!. Three Lines in New England
W. Now Outside Influence Of
Mellen Road.

= April ci-The railroad map OF
,,.s,and was revised again to-day in
MN ,-.ct,on OF what many consider ulti-
,r,scation for a greater portion or
cav ,,s.r,ct when the announcement was
.ha, a still closer bond OF unity had
s'" Hanged between the New York,
F'H ,,oven & Hartford and tho Boston e.
Wv railroads. without disturbing the
' of the lease Of the latter road to the
work. Central Railroad.
". ,bs present the tie between the two
-, IS largely a financial one, the
haven assuming. after July l. half the
a, having per cent dividends to the
e. Albany stockholders and in re-
s-.csivjng from the New York Central
80 interest In the net results OF the OPP
..fon Of the Albany.
Ss..ss.a,n traffic arrangements between the
:. ,oads. negotiated a few weeks ago. are
.,sa 70 become closer. President c. :.
~, Of the New Haven road was in the
oftce when the plan was made pub
- hut Immediately confirmed the re-
I'D followed II with a statement.
President MelIen's Statement.
-, statement OF President Mellen fol-
rss:
-. agreement contemplates in no way
y control OF the management or inter-
- with the Boston & Albany Rail
INT does make the New Haven
a.,sr in the financial results achieved Dy
Z. arrangement Of the property.
~ si,uation was about as follows: Inc
| -, & Albany has for many years cost
lDT
.s,.y IN the way Of deficit after paying
:. rsrtal provided for In the lease. IL
~ iSseirahle that this deficit should be
49, possibly eliminated. and probably
| 80 INTO a profit, and 10 secure THIS re-
-, the cooperation or the New raven
- because the latter company had
-. amount Of business II could easily
.ovs- the Boston & Albany road If SUM-
~. ;nducenent were made 1t so 10 do.
"a, ",nducsment" was made by giving
%su, Haven a half interest in the net
80 from the operation OF the Boston q
n.ny and il IS believed the New Haven
~ secure 10 the Boston & Albany sum-
~ ~. h,sirese 10 wipe out the denclt accru-
| 81 .,oro its operation and. indeed. secure
ss,asfahle return from that operation In
as future TIT 49,. uu. ro,icv note
~. " ,4vsrsion from the New Haven OF the
=. psrhor Express, the Portland Express
~ .bs American Express trains from me
~, =; the New Haven 10 the lines or the
r..,on & Albany between Worcester ano
s--ngssi These are heavy and profltaole
$50 and will give the Boston & Albany
uS--' ,c,si6erable additional revenue.
lis believed that the opening up OF US
Va n ire New Haven. between Pittsneld
~ yTth Adams. for which the New
i,srs, ito nav liberal rental, viii I'M
,-ors tbt financial results accruiDg from
~ o,sratjon OF the Boston & Albany
sriE4risA the diversion Of the Hanpoen
r.rraai 10 become a connection OF the Bos-
.c~ . Albany, using its lines into spring
s.,a instead Of connecting with the con
,s,fscut River Railroad. using It's INES 10
~ zane point. .,r
o,ter pieces Of the Boston & Albany INES
ii he used by the New Haven trains on
stisfactYrv rental basis. giving TO the Dos
1s Albany a considerable additionai
-renue Il IL believed.
Additional train service is In contempla-
-cr from different parts OF the New Haven
rssr 10 the Boston & Albany, which must
ysjlt In a largely increased traff1c over
al road and the corresponding benenclai
~ results. 49,.
There seems no good reason. when the
vr lines are we'll developed and are earn
r. as they Will after their establishment
NV the cooperation OF the New haven
|eouli not result in a material beneht 10
Es Boston & Albany Railroad. and " one
kf Of tie Improvement accrues 10 ths
rv Haven the latter will be well rewarded
- ifs cO-operation.