The Bridgeport evening farmer., 1913-08-23
the1n at the next. :

them at the next
 Director I. Dewitt Cuy1er of New
 York, said he could not let the re-
 marks of MT. BuIke1ey go unchalleng- ed. ''If we didn't provide for the pay ment of $40,0O0,000 in December it meant a receivershfp for the road. [ Now, the stockholders can't take up this issue of bonds and stock. They haven't got the money
 MT. .Bulke1ey replied: "'The public is Jumping at the chance to buy it. am willing to trust the bondholders and stockholders to furnish all the money legitimately needed. And let me tell you, you will go a long way
 before you find a man who will deveI- op physically the road as the man you have allowed to retire.
 MT BuIkeley said: s"Fhe financial policy of this road for 10 years haa been rotten (applause1, and it will not improve unless there is somebody to say something about it. I don't want to see $2.0G0. GOO thrown away reckless ly. approve of the issue but disap-l prove of contracting with a syndicate of bankers which is not legally obliged to take a dollar of it.,' Henry Fleisn- ner, 2d, of New Haven, a lawyer, asked MT. Brooker why the bonds were not offered to stockholders, and the reply was that the matter was closed. Au- thorization Of the bond issue was giv- en. 912, 754 for, and (, 354 against
 J. H. Hustis, vice-president Of the Boston and Albany, was appointed 8 yiee-president of the New York, New Haven and Hartford railroad at meeting of the board of directors held yesterday in connection with the meet ing of the stockholders. His appoint naent is effective September L He will be in charge of all departments with headquarters in New Haven. Later when the bylaws of the company have cd fn M 1iott to become chairman of the board of directors, MT. Hustis will become president of the New York, New Ha- ven and Hartford The resigna ton ot De Yer H. Warner of Bridgeport as a director was accepted and w. Murray Crane of Dalton was elected to sue ceed him. Theodore N. Vail, was named l 8 member Of the executive committee President Elliott, who takes charge September 1, was absent He left last night for Dublin, N. H., to spend the time until September 1 with | his family.
 President Morgan G. BuIke1ey of the Aetna Life Insurance Company, who is at his summer home at Fen
 wick, was asked to comment further on the '-New Haven road situation and he said:
 -1 think after yesterdays experi- ence that the stockholders of the road will get the idea that they've got | something to say hereafter. When people representing the Pennsylvania railroad come with 5O.OOo to TO- 900 shares of stock, and when people rep resenting- the Adams Express and oth-
 CT companies come with 40,0o0 to 5O,- 1 900 shares of stock. it would seem that the small Connecticut sharehold-
 CTS will have little to say unless they combine.
 'I went there as a. business man ! and on a business mission as it was my duty to, representing as I do, a company owning between 5000 and S. l GOO shares of stock, and with an in- 1 terest in the road of $3,ooo, 900. If a vote had been taken at which those
 present had the right of casting votes
 as individuals rather than stock, the vote would have been very different. ! It is my E belief that the protective committee was created by the bank
 CTS who formed the syndicate. Some l of them are not even interested in the road as holders of stock to any appreciable extent. got all that
 fought for when I secured the inser- ] ton of my resolution in the minutes of the meeting.''