The Bridgeport evening farmer., 1913-08-23
Especial to The Farmer.)

Hartford Aug 2S.-The domination of the New Haven company by New York bankers, the slow milking of the property and the superior power in the directorate of groups representing the Pennsylvania Railroad and the Adams Express company, were shown by Morgan G. Bulkeley, president of the Aetna Insurance company, and a former United States senator. The in- surance company with which MT. Bu1keley is connected holds shares of the New Haven company valued at $3, 600. 900.
 The meeting at New Haven to con- eider the issue of $67, ,552, 400 of convert fble debenture bonds was made lively by MT. Bu1keley's efforts to secure just treatment of! the small stockholders, and his protest against the payment mission to the banking members of the directorate and their friends for marketing the securities
 One of the incidents of the meeting was the resignation of De Yer H. Warner of Bridgeport from the dfrec- torate, that his place might be filled by former United States Senator w. Murray Crane, who Is also a former governor of Massachusetts.
 MT. Bu1keley succeeded in having written upon the minutes of the meet ing a, demand for important changes in the management of the company, among which was a. proposed rule to prevent officers and. directors zsthe company seeking the proxies of stock holders, and another requiring a de- tailed report of the expenses and pro- fits made by the steam road property of the New Haven, and each of it's subsidiary properties Independently.
 MORGAN ca.
 A. Nhaxcy Hitler, another stockhold- CT, who took part in the discussion interjected: 9fI heard that the road lost $12,00O,o00 in the Oaklefgh Thorne investment" 'SThat will ap- pear at the annual meeting said Director c. F. Brooker, who was pre- siding. MT. Bulkeley continuing, said he was much encouraged by the mal- content among the stockholders. He read a newspaper clipping of July 22 which stated action was to be taken on the bond issue and said: Now we are confronted with all the plans ot the disposal of the bond and stock issue even before it is authorized by this meeting, and they are underwrit- ten by private bankers We have reached a point, 1t seems to me, where we ought to stop. It Is a wild and extravagant proposition Our present bondb elders and stockholders can dc without the aid of Wall street. One of your directors is to get the financial benefit of it all, and a syndicate is tc do the underwriting and a member o1 the syndicate Is a member of you1 executive committee. I came ready tc vote for this issue, but I want the bondho1ders and stockholders to gel first chance to take the issue. Now we arc told that the executive com
 nittee has already entered into a con- tract which has been approved by the directors to take over that issue and before this meeting has authorized it; and am told of plans of this SO called prospective committee, of which 1 the gentleman who offered the reso- lutions (Elf Whitney) is a member, to keep the financial control of the road where it is; that the office of the head Is to be removed to a neighbori state, and New Haven is to have 2 l nominal office only. Here the direc- tors have made a contract, which dis closes waste of $1,750,0OO of the 1 stockholders money. As I said be. fore, know I can't stop prearrange6 plans of this meeting, but I want to say to you that if you can't do some Of the things you suggest at this meeting, be sure and be here and dc