Connecticut western news., 1913-08-28
ELLIOTT'S ADDRESS
New President Of Consolidated Makes
 His Bow to Stockholders.

tNeW TFeSluent or SOnSOHuatsu makeS
 His Bow to Stockholders.
 Mir. Howard Elliott. Prasident aleot the New York. New Haven tS Hartford Railroad Company, who is co assume hIs duties on September 1, in an address to the special meeting of the Stockhold- CTS of the Road. held at New Haven on August 22, said:
 "Mr. Chairman. Ladies and Gentle man. Stockholders of The New York, New Haven and Hartford Railroad Company am not yet an officer of your company, although was elected a director few weeks ago pending the time when I will become your officer and your servant.
 "On and after September 1, shall come to New Haven and take of my coat and go to work. I shall endeavor to perfect an organization, if one does not already exist, that will attend closely to all of the details that are so important to you as owners and to the public that the railroad serves. Little matters such as those mentioned by our good friend Mir. Davis should be attended to, and yet you probably do not realize the enormous amount of detail connected with road the size of the New York, New Haven & Hartford Railroad. The engines of the New Haven road every day run 120, 900 miles, or five times around the earth. It means a great deal of atten- tion to have every little detail attended to, but we will try to do it and we will try to see that the scrap is picked up and either sold, or, as is sometimes the case, it is cheaper to bury it rather than to pay the labor cost of moving it.
 "I listened with great interest to what Mir. Hitler said about the stock holders. I am told there are nearly twenty-five thousand stockholders of this company and they have a duty and they can exert an influence themselves to help to the management of this com- pany, because directors and officers of late years have been sorely beset in try. ing to do their duty to the owners and to the public. We have had to meet rate reductions; we have had to meet increased cost of labor, increased cost of material, and demands from a luxurious people for better facilities. All of that has created Q problem that is most diffi- cult to solve because there are only one hundred cents in a railroad dollar, just the same as in any other dollar. But it will be my aim to see that every dollar received into this oompany's treasury. whether from earnings for service per. formed, or from advances by stoclrhold- CTS, or from loans from others, IS ex- pended with the greatest care, with the greatest prudence, and that the railroad will be managed solely with the idea of economy and efficiency SO as to safe- guard your interests, not only now but Tn the future. because the railroad has got to go on forever and if 1t should happen that in trying to protect your future there is some disturbance for the present, that is something to be patient about
 "The stockholders can do great deal of good, each one of them in their own circle, in trying to present to their legis- lators, to their members of congress, to members of commissions and to all who go to work to make the different laws under which the railroad is trying to operate, the stockholders can do good by pointing out that there are two sides to this question and that the side of the l stockholders must not be lost sight of in considering the question and in making demands upon the railroad that the officers and directors are most anxious to meet if they can but they are torn be- tween the force of trying to protect the stockholders and trying to give the pub lie what they need and should have But you can do much good by using your influence, each one of you, in your own circle to point out both sides of this question.
 "I am very glad-although am not an officer of this oompany-to have had the chance to say these few words and can assure you that at the next meeting of the stockholders, held sometime in October, if there is not a room large enough in the New Haven offices to re- ceive you we will find one somewhere. where you can say what you want and where the officers of the company will try to tell you to the best of their ability what you desire to know. thank you very much.