The Birmingham age-herald., 1913-11-18
knowledge of Railroad Eco
nOmics Potent Factor in
Adjusting Difficulties
is DOING HARD WORK
ON THE COMMITTEES
Some Gossip About Attitude of At
tOrney General Toward the New
Management of the New
Haven System
BY HOLLAND,

New York, November 16-(Special)
When Arthur Twining Hadley. president
of Yale university, was elected a dlrec-
tor some weeks ago of the New York,
New Haven and Hartford Railroad CON-
pany, hasty surmise explained for many
persons the choice of President Hadley
as due wholly to sentimental reasons.
The presumption with all who did not
know the fact was that those in au-
thority in the New Haven company were
persuaded that the identification of Pres
ident Hadey, of Yale as a New Haven
railroad director would be regarded by
the public as an evidence that the New
Haven management was anxious to Sc
cure the good will of the public.
No doubt that was the desire of the new
New Haven management and is now bnt
it was not for that reason that President
Hadley was chosen director. He was
esteemed highly competent authority in
certain departments of railroad econom-
les. He began his career after he was
graduated from college as a lecturer upon
railroad administration. He was asso-
ciated as editor with the authoritative
railroad publication and he was, for some
years, commissioner of labor in the state
of Connecticut.
=. Already the wisdom of selecting Presi-
dent Hadley as a member of the director
ate has been made apparent to the New
Haven management. The public will
probably never know what his labors are
now and how far they have already
served to bring about satisfactory rea-
tions between the federal government and
the New Haven Railroad company Under
the chairman of the board, Howard FL
lott, President Hadey has been work
ing in committees and some of his work
is of very complicated character. Some
features of this work involve political
in the sense of administrative or legsa
tive--considerations Much of it entails
a thorough understanding of sound rail-
road economics. The management of the
New Haven Railroad company already
speaks with gratifcation Of the mastery
ability which President Hadley has shown
Ia this committee work. Commendation
of that kind has been heard from the
chairman of the board, Howard Elliott.
What Is He Doing?
Inc eldllOuS Oh tie NEW I1dNcH
road company to certain proceedings in
the department of justice at Washington
are In some respects the most peculiar of
any of like character, involving possibly
dissolution of corporations, with which
the department of justice, acting in obe-
dience TO the Sherman law. has yet been
brought I'm contact. To dissolve the Union
fic as to separate into integral
and independent corporations two that
haratofofa haap 11nita1 i'm the TfOipn
Pacific company was a far less difficult
proposition than the New Haven situation
presents. For in any event the Southern
Pacific company and the Union Pacific
We're not likely to suffer pecuniary loss.
There was always bound to be a good
market outside, that which the Union Pa
cifc stockholders represented, for South
ern Pacific stock.
So, too the dissolution of the Standard
Oil and of the American Tobacco COM
panies did not entail any losses through
the refrigeration of what had been sub
ordinate corporations under the control
of the Standard Oil or the American To-
bacco company.
The New Haven company situation is
entirely different. Attorney General
James c. Reynolds, after careful exam
nation of the reports which have been
put before him. found that. as a lawyer.
he must regard certain transactions en-
tered into by the New Haven company in
earlier years than the present as Illegal
under the Sherman law. AS the admins
trative officer of the department of JUS
tice, he may find 1t imperative to go to
the courts to ask that this corporation be
dissolved so that certain corporations and
properties of which II some years ago
obtained possession shall be severed from
it and re-established upon perfectly in
dependent foundations.
Attorney General and New Haven Co.
Meetings held recently between repre-
sentatives of the New Haven company
and the department of justice at Wash
ington served greatly to establish good
understanding. If the New Haven com
pany's representatives went to tho de
partment of justice somewhat apprehen-
sive lest an opinion which in some quar-
ters prevails that the Attorney General
is a very rigid, heartless and narrow
minded officer of the law, completely
subservient to technicalities, were cor