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Show GETS THE N. Y., O. & W. New Haven System, Through Kuhn, Loeb & Co., Secure Control of Line. NEW YORK, Oct, 20- Objection to the purchase of a controlling Interest in the New York, Ontario & Western railway by the New York, New Haven & Hartford has been removed or overridden over-ridden and the railroad la now practically practi-cally a branch of the New Haven system. sys-tem. A point in the negotiations over which there was a difference involved in-volved the Ontario minority stockholders. stockhold-ers. Some persons interested in the deal insisted that all stockholders should be treated equally and that tho voting trust should not be dissolved, If the property were to be told, to the prejudice of the minority stockholders, Tho New Haven road, on the other hand, took the position that the control con-trol of the Ontario was all that the system required and that if all the stock should be acquired the New Haven would be compelled to Invest about $12,000,000 upon which the return would In no way be proportional to the cost. Kuhn, Loeb & Co., as bankers and managers of a syndicate, owned a clear majority of stock and were not in the position of trustees representing all stockholders. It was understood that a majority of the stock was taken over at $45 a share, provision being made that the vendors and minority stockholders should receive the 3 per cent dividend which It is proposed to declare after the special stockholders meeting November Novem-ber 9. |