Norwich bulletin., 1917-11-13
NEW HAVEN ROAD
 MAKES SPLENDID RECORD.
Steady Construction and Road Work Carried On in Spite of Handicaps.

CSrried On m spite Of TandIcaps.
 That the New Haven road has been m aking' d great upDuilding record de- Slite the severe haEdicapS it has been under and has made q surprising rec ord of achievement is the opinion ex- pressed in an Interesting articles pub i;shed recently in the Boston News bureau. The article in part says: No traveller on the New Haven road could fail to notice the steady con struction and improvement work. What. however, is more surprising is to find upon investigation that the New Haven road is doing all it's con- struction work and conducting all its business upon cash basis Y ct out side of equipme ent obligations issued for about so new locomotives and a few cars. ths cSew Haven has made nc security issue for some years and has actually reduced it's indebtedness.
 Economies in Transportation.
 If the stockholders could see all the improvements that have been put upon the New Haven system under MT. Elliott and MT. Pearson. not only to improve conditions of safety and meet ali legal requirements, but to increase economies in transportation and to handle the steadily increa sing busi- resss., they would take heart over the situation and handsomely support the lropoSed authorization of [ per cent. preferred stock. ..ts- The possible sale of that preferred stock in the future to cancel an equal am ount of debt is not the immediate problem. :. The present problem is it's authoriza ton, and what the stockhold- = ets ought to see is the asset value that is being built up under their equity. The future market value of that equity, of colirse, depends not upon New England or the New Haven man agement, but upon any constructive -pclfcy for the upbuilding of a railroad credit that may be adopted at Wa&h- irgton.
 If the stockholders support the di- responsibility for the future of trans portation in New England will rest with the federal authorities. In these times, when the United States is bat world, security holders and equity owners should not lose faith in ulti- mate justice from their own democ racy. ..-r- While stockholders have been wiT11- out dividends for about four years, tke recent circular they received from inc directors showed that the coH4- pany had not been without earning power over all charges. During the filet two years of the non- dividend tre asury situation and made some bet torment in it's financial position. After thorough study of the situa- ton it was determined that whatever
 
 ty and progress of its husiness re- qufI>ed many minor expenditures at various points for the company tD get the full benefit of it's transportation congestion had been eliminated
 Improvements.
 The; following improvements have been made in the past two years on the New Haven road,
 |. First-Fdxtension of private side track facilities in 2s5 individual fn- stances, and at .151 different points. facilities at 30 points.
 Third Enlarged and improved freight yards at 40 stations.
 Fourth s- Extension of 27s passing
 Fifth = Installation of new passing tracks at eight points.
 Sixth-~Extended and improved en- zine house facilities at an expense of about $1 100000
 Under Construction.
 In addition to the above improve ments, the following are, under way: uyes, delivery of which is overdue Eut which are now promised durias March and April. -.
 Second. -- Twenty eight new passing tr acks have been. or shortly will be put into operation.
 Third-Forty two additional existing Eassing tracks have been, or shortly will be, extended to facilitate the movement. of the enlarged traffic which traffic has necessitated cross overs and new yves at various points
 Fourfh--To facilitate the handling of the additional engine power, new tllrntable have been installed and are in service at Boston, New London Cedar Hill. Waterbury, Danbury and Maybrook
 Fifth-Existing tables are being ex- tended at Pro*idence and East Hart ford, and a half dozen other poiV-s will be improved in this respect.
 Sixth-The- strengthening or rebuild ing of 129' bridges is well under way, and should be completed in December
 Seventh-In addition, the Thames river bridge at New London is ready for the ( superStructure, delivery of E WHEN CHILDREN CRY OUT ar nd. fa1. ici, ar, dnxa.t