Norwich bulletin., 1912-05-10
Application of New Haven Road Finds Favor With New
 York Public Service Commission.
MINORITY STOCKHOLDERS SEEK TO BLOCK IT
Have Obtained Court Order to Prevent The Transfer-
 Would Eventually Mean New All Rail Route From New
 York to Montreal-Commission Believes Project Will Benefit Localities on Line and The General Public.

Albany, N. Y, May 9.4The New York, New Haven and Hartford Rail- road Company was authorized today by the public service commission to acquire control of the Rutland Rail- road Company from the New York Central and Hudson River Railroad Company.
 The New Haven's application had been opposed at hearings before the commission by Samuel Untermyer, representing minority stockholders on the ground that their interests would not be fully protected.
 Court Order to Prevent Transfer.
 An application by the New York Central Railroad to purchase control of the New York Ontario and West ern Railroad Company from the New Haven was denied recently by the commission
 Representatives of the minority stockholders of the Rutland obtained court sorder in New York yesterday to prevent the proposed transfer of control.
 The commission was unanimous in granting the application today giving It's reasons as follows
 The Commissions Reasons.
 1-That the acquisition of the stock of the Rutland Railroad Con- pany by the New Haven Company is not believed to be in violation of the statute of the United States common ly known as the Sherman law and is not in violation of the principles laid down in any decision of the courts to which it's attention has been called
 A New Throuoh Line.
 "2-That the Rutland Railroad in connection with it's subsidiary water line, the Rutland Transit Company, is natural route between New Eng land territory reached only by the New Haven road and the west and northwest. That the operation of the Rutland by the New Haven will in effect constitute a new through line from New England tG all points by the Rutland Transit Company
 Will Increase Competition.
 "3-That the New York Central, which at present controls the Tut- land, is to a material extent a com petitor with the Rutland, while on the other hand the Rutland is by it's con- nection with the Boston and Maine a natural extension of the New Haven system as at present operated and that the natural effect of the control of the Rutland by the New Haven will be to increase competition and induce a very considerable increase of business over the Rutland from and to New England points.
 Will Benefit Cities and Villages.
 "4-That if such anticipated in- crease of business over the Rutland is realized it will afford additional facilities to the public and be of very considerable benefit to the cities and villages reached by the Rutland in New York and Vermont.
 Will Benefit Minority Stockholders.
 "5-That the commission adheres to the principles laid down by it in the Ontario and Western case that in transfers of control of subsidiary railroad 1t should recognize and pro- tect the rights of minority stock holders. That it does not follow from this principle that in every case the purchasing road should offer to the minority stockholders the same price