Show A Constructive Department of Justice The history of the tho New Haven n presents presents pre pre- no exception to tho the rule rulo that monopolies monopolies mo mo- in time fall of their own weight and decadence This is illustrated illustrated illus illus- by br b a comparison of tho the financial status of of tho the properties involved in 1892 and now no In 1802 1892 tho condition of tho the New Haven Hayen Ha Haen yen ven was first class in every respect Tho The stock sold Bold readily in tho the neighborhood neighbor hood of per share its dividends for years cars had been Deen substantial and re regularly regularly reg reg- WRT i paid and its securities were regarded re roo as aa gilt edge in every respect In 1013 1913 it ii quit j yin dividends has hits a largo floating debt and its stock has recently boon been quoted below 70 per share During the tho period in in question its ita investment in its railroad property increased increase whilo while its campaign campaign cam can of general acquisition of transportation trans trans- or and aud other properties proper- proper tics ties increased it its direct liability by not including an assumed 1 contingent liability of In 1892 92 the Boston Maine railroad the tho lar largest cst of tho the systems controlled by tho Now New ow Haven Havon was prosperous and ita its stock tock was quo quoted ed around per share After its control was acquired by bv the Now Haven Havon it ceased paying paving dividends after an unbroken record of four sixty years and ann its stock has been quoted on tho market below 10 0 per pera a snare rare In 1892 the tho original steamboat corn coin panics were generally pro prosperous sonic some paying dividends as ns high hi h as ag 20 percent per pcr percent cent and anel tho stock of some Bome was Quoted coated at almost t. t fabulous figures figure Today nono none of those acquired by the NewHaven Now New Haven IIa are aro pa paying dividends iden 8 and the stock of tho the Merchants and Miners and that of f the tho Eastern Steamship corporation corporation corporation corpora corpora- tion arc are not quoted noted on tho the market The Tho Massachusetts and Now York trolley trolly lines are aro paying 4 no dividends the tho Rhode hodo Island trolleys paid a dividend divi- divi i dead of about 2 per r cent rent last year ear while the Connecticut trolleys paid about 4 9 per cent Tho The above ahoe results are aro not the product product prod prod- of government go interference but resulted resulted re re- largely from noninterference From the July number of the North American Review Re |