The Olneyville times. (Olneyville [Providence, R.I.]) 1887-1917, 1913-05-09
GRAND TRUNK
MAY BUILD YET
Hope for Palmer to Providence
Extension Not Abandoned
HEADS OF ROAD CONFER
Meeting Called Mainly to
Consider Financing of
the Project

Boston.-"The Grand Trunk has
not abandoned hope of building the
Southern New England line from
Palmer 10 Providence" declared Cy
Warman, general manager OF the
Grand Trunk, at the Touraine, after
a conference of high officials of the
Grand Trunk railroad and its sub.
salaries, the Central Vermont and
the Southern New England.
Mr.. Warman, who was spokesman
FOR the party, said that the confer
ence was called mainly TO consider
the question OF financing the Palmer
Providence line. Beyond that he
would say nothing. asking TO be ex-
cused from discussing the matter
more intimately, because OF "the deli
cate situation"
When asked just what was done
here or what is likely TO be done here
or elsewhere in the immediate fu-
ture. Mr.. Warman repeated his dec
laration that there was nothing more
to be given out at this time.
or the officials who gathered at the
Touraine +. J. Chamberlain, Vice
President NJ. NJ Reynolds and Mr.
Warman of the Grand Trunk came
down from Montreal on the Grand
Trunks official car, "Bonaventure," ="
picking up at ST Adams Vice-Presi-
dent and General Manager G.. c.
Jones of the Central Vermont. At
the hotel they were joined by John
5. Murdock, vice-president of the
Southern New England, who came up
from New London. and former Gov
f. c. Smith, Central Vermont di-
rector, who came over from New
York.
President Chamberlin held a brief
conference with President Percy X.
Todd of the Bangor & Aroostock
railroad, but Mr. Warman said that
their talk was purely personal and
that no significance was To be attach
ed TO the fact that both Chamberlin
and Todd left for Portland, Me, with
In two hours of each other. Large
blocks of stock of the Bangor d
Aroostook are reported to be on the
market.
Speaking Of rumor that there was
a possibility of Grand Trunk-New
Haven financial alliance as far as the
Palmer-Providence extension of the
Southern New England railroad was
concerned, Mr.. Warman said:
THE New Haven railroad is not
being considered in any manner as
far as the financing of this extension
Is concerned, or in any other matter
In which the Grand Trunk is inter.
ested"
Notwithstanding all that has been
said TO the contrary" declared Mr.
Warman. "the Grand Trunk has new
er abandoned its project of the Pal.
mer-Providence line. The construc-
tion work on the line was stopped
only because of the impossibility OF
financing the enterprise.
"We still have hope that we shall
be able to raise the money, even
though the state of Rhode Island has
turned down our offer 10 give il the
line and the work already done by
us on il, amounting 10 nearly $500
600, TO either operate on its own ac-
count or to lease to the Central Yer
mont"
Mr. Warman would not state
whether or not any Of the officials
had conferred with Boston financial
men. nor would be indicate whether
or not they were going to New York
in their efforts to raise money. He
declined even TO express an opinion
as TO whether or not the outlook for
success is any brighter.