Waterbury evening Democrat., 1908-02-27
BOTH CLAIM VICTORY
Report in the Famous Railway Merger Suit Was Filed in
 Court To-Day.

both principals claim in their favor
 was filed in the supreme court to-day , in the suit of the attorney general ol
 Massachusetts against the New la
 ven railroad company, better known
 as the merger suit. The report was
 confined to statement of facts, there
 being no finding on law questions.
 The attorney general holds that the
 facts found are in accordance With
 the claims of the commonwealth or
 Massachusetts in the suit. The New
 Haven road states that the report IS
 in it's favor, because the actions or
 the company referred to in 1t are not declared a violation of the Massa- chusetts laws.
 Boston. Feb. 27.-That Massachsz setts railroad companies in which the New York, New Haven & Hartford railroad holds stock, have elected their officers and conducted thelr business in accordance with the laws of this state, is the principal finding of Winfield s. Slocum, the master ap- pointed by the supreme judicial court in the suit of the attorney general or Massachusetts against the New Ha- ven road, which report was hled Tn the supreme court to-day.
 The master declined to find upon the evidence submitted to him that the New Haven company was control- ling the election of directors and se- lection of officers in the railway com panies and also declined to ma that the New Haven was operating the railway companies.
 The report contains no finding by he master that the New Haven con- 1any has violated any state laws ana is against the contention Of the at- ,rney general on every issue,
 The subsance of the report is .as ,ollows:
 The directors of the New Haven acquired the stock and control or the Worcester and Connecticut East ern railway. which afterwards be- came the Consolidated railway and which acquired additional powers from the general assembly of Con- necticut and did acquire the stocks, bonds and securities of the street railway companies named in the in- formation, excepting of the Spring field Street Railway Co. The New Haven directors holding the entire stock of the Consolidated, elected its directors and corporate officers ana substantially the corporate directors of the New Haven. The Consoll- dated acquired all the stock of the Worcester and Southbridge, Worees- ter and Blackstone, Webster ana Dudley, Worcester and Webster ana a majority of the capital stock or the Berkshire Street railway. As holders of such stock it controlled inc election of the directors and cor porate officers of these companies. The Consolidated Railway Co en- tered into agreements for the organ ization of the Springfield Railway | companies, and made an agreement 1 with that association guaranteeing | certain dividends on it's preferred | stock and guaranteeing a price upon | the preferred stock, the Springfield | companies did not acquire a major ity of the stock and securities of the Springfield Railway Co.
 The Springfield railway companies, by It's holding of the stock of the Springfield railway company, elects its directors and corporate officers majority of whom are directors and officers of the New Haven and of the | Consolidated Railway company. Up- on June 25. 1906. the voluntary asso- ciation, known as the New England Investment and Securities company was formed and the Consolidated railway company sold and conveyed to 1t all of the stocks, bonds. and se- curities which 1t held in the Wor- cester and Southbridge Street Rail- way company. the Worcester and Blackstone Valley Street Railway company. the Berkshire Street Rail- way company and the Springfield street Railway company. An agree ment as to the guaranty of the stock of the New England investment and Securities company was made be- tween the New Haven railroad com pany. the Consolidated Railway com nany and the New England Invest ment and Security company. Most of the trustees and officers of the New England Investment and Security company are persons who are direct DTS and officers of the New York. New Haven and Hartford railroad com pany and of the Consolidated Rail- way company.