The Bennington evening banner. (Bennington, Vt.) 19??-1961, 1913-03-28
c. T. OFFICERS FOR MoNTReALi
Officers Said to Be Considering Stop
ping Long Distance Operation.

ping Long distance operation.
Boston, March 26.-The Boston
Transcript prints the following:
In view of the recent occurrences
in New England in connection with
| the Grand Trunk and its subsidiaries,
the Central Vermont and the South
ern New England roads, and on ac-
count of the English directors recent
ly repudiating some of the acts and
promises made in this section by the
late President Hays Of the. Canadian
| system, a telegram from London is
| of special interest because 1t an.
| nonnces that plan is on foot TO
| have the main Offices transferred
from the English capital to Montreal
If the officers had been In Montreal
| while the negotiations for extensions
in New England were in progress 1t
Is to be believed that the president
and other officers who were making
rosy promises to this section in re-
| turn for charters would have been
enough in touch with the directors to
have avoided the present situation
which has so stirred Massachusetts
| and Rhode Island. The London tele-
gram says:
The agitation is being revived
here to have the head officers of the
Grand Trunk Railway Co. transferred
to Montreal. The chief arguments
for keeping the control over here is
that the very large majority of the
capital is held here. The Grand
Trunk is wholly English as regards
rs nil oil anH
much as the great Argentine rail
ways are very successfully operated
from London, there does not appear
to be very much basis for an asser-
ton that control from a distance is
| bad control.
On the other hand, it must be ad-
| mitted that the experience of the
stockholders of the Canadian Pacific
| and the Canadian Northern compan-
| les has been more satisfactory than
that of the Grand Trunk stockhold-
ers, but the troubles of the latter
date back to its early days and would
| probably have been the same If the
| domicile of the directors had been
in Canada. The transference of the
officers from London to Montreal now
would not alter the past history of
the Grand Trunk.
There is, however, another view of
the situation Since the construction
of the Grand Trunk Pacific line,
which is, as it were, a subsidiary of
the Grand Trunk, it begins to look as
if. the tall is going to wag the
dog" The Grand Trunk Pacific is
a Canadian concern and has a Cana
| dian board, and. although it is now
the tall of the main line of the
Grand Trunk railway, it will no
doubt in time become the more i'm
portant part of the whole system.
| There would therefore appear to be
| some reason in suggesting that a
Canadian board should be formed to
control the whole system
That, however, seems hardly prac-
| ticable because it would mean sup
erseding the board in London. The
London directors can hardly be ex-
pected to pack up their belongings
and emigrate to Canada. Moreover,
it is improbable that a majority of
the stockholders on this side would
pass a resolution banishing the di-
rectors to Canada against their will.
1t Is not expected that the agitation
will come to anything definite during
| the present generation. 1t must be
| understood that the agitation does
not suggest that there is any dissatis
| faction with the executive manage
ment in Montreal.