The Bridgeport evening farmer., 1913-02-07
TO INVESTIGATE
R. R. MONOPOLY
Rep. Wilson Introduces
Sweeping Measure
in House
Committee of Nine to Sum-
mon Witnesses and See
Records
Ry our starr corres>)

Hartford. Feb 7-Searchlng investi-
cation into the affairs Of the New
Haven road. particularly the steps by
which the New Haven has become
monopoly, is provided for in a sweep
ing resolution introduced in the House
today by Representative Lynn W. Will
son Of Bridgeport
M wilson's bill provides for an in
vesdgating committee of nine MEM
hers of the House, which shall inves-
tizzfe into the relations between the
New York New Haven & Hartford
corporations. owned controlled or
leased, as the case may be- and also
into the several steps by which the
New Haven has come to control its
subsidiaries Particular attention is
directed to the merger of May 81,
The committee Is authorized to com
pei the presence Of witnesses, the dis
closure of records accounts. etc, and
70 engage legal assistance
The bill. in full, follows:
Resolved, That committee of nine
naembers. to be selected by the House,
be. and is hereby directed to make an
certaining the relations of the New
York, New Haven & Hartford Rail
road Company to its several subsfd-
i7ry corporations, owned controifed or
leased as the case may be, and the
relation Of the said subsidiaries TO 1t,
with especial reference to the merger
ton known prior to that date as the
New York. New Haven & Hartford
Railroad Company, became the Con-
Sozidafed Railway Company, under
me name New York. New Haven &.
Hartford Railroad Company; also inc
to the several steps by which under
suhsIdfaries were formed organized
and acquired by the said New Haven
Company
investigate the several steps by which
the said Consolidated Railway Com
pany wEs formed, and the effect OF
Company Whether 1t has resulted
IN the Suppressfon OF competition by
prsvenxing the construction Of new
lines or steam railroads. street rail-
ways. or steamship lines Whether
the said merger and the steps preced-
ing ana succeeding it have resulted in
suing OF large stock and bond issues
not representing real values.
said committee snail investigate the
form OF control between the New HaI
ven Company and its subsidiaries, and
rhsir mutual financial arrangements
and whether there are interiocking di-
tons upon which the stock and bonds
OF mergexed or acquired corpora tionS
have been taken over by the New Ha-
And into the condition of the equip
rnent. road beds and operation of said
railroad and street railway lines in
and disasters occurring upon the lines
owned or operated by the New Haven
company and its acquired; owned or
controlled corporations, or companies,
since May 81, 1907
Said committee shall also ascertain
# as one of the results of said merg
ers, consultations or combinations
with the Consolidated Railway Com
pany, or other companies or corpora
New Haven Railroad that existed prior
to May 81, 1907 have been diverted
into the possession of other persons.
corporations. or companies, whether
street railway companies, steamship
companies. or officers and stockhold-
said committee shall ascertain SO
far as possible the effect of said merg-
nrs and combinations upon the value
of the stock and bonds of the New
Haven Company, and upon the in
come and expense of said company,
and whether or not 1t is the cause OF
a deficit in the dividend account of
said New Haven company, and wheth-
-er or not the revenues derived from
transportation of freight and the car
interest and dividends upon stock and
bonds issued for trolley and steam
said COMMITTEES shall inquire into
1he effect of said merger of 1907 and
its president and succeeding condi-
1ions upon the revenue from taxation
derived by this state from the said
New Haven company and it's affiliated
properties and shall inquire into tho
of Railroad Companies" the same be-
ing Chaper 2s3 of the Public Acts OF
1911 to ascertain the effect of such
statute upon the tax revenue of this
state. and to inquire If this statute
was changed after its passage and be-
fore 1t was engrossed, and if so, by
whom and to what extent, and the
effect of said change.
said committee shall report to the
House all the facts and circumstances
disclosed by the investigation herein
-,-oxided with such recomm menda tions
as it may deem advisable, and said
COMMITTEES as a whole. or any sub
committee thereof, is authorized to
inquire into the matters herein re-
lated and to employ legal and clerical
assistance, and to compel the attend
Huce or witnesses and the production
of books and papers directors min
tltez records of stockholders meeting
Of any or all of the corporations above
enumerated which shall be within this
state. and may administer oaths tc
witnesses
The cost and expense of said com
r,fftee shall be paid from the con
tsnzent fund of the House of Repre-
sentatives which expense shall be
paid on the audit and order of the
Chairman OF the committee.
CAUGHT IN Betting
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