The Bridgeport evening farmer., 1913-09-06

J. P Morgan & Co. notified the New York, New Haven & Hartford Rail road yesterday afternoon that it would end it's services as fiscal agent at the termination of ninety days, according to a clause in the contract between the two.
 The Morgan firm also sent ninety day notice to the Boston and Maine and Maine Central roads, New Haven subsidiaries, for which it has been fis- cal agent.
 J. P. Morgan presented the firms notice to the New Haven executive committee at the regular meeting in New YorF The matter was referred without discussion to the next meet ing of directors.
 MT. Morgan in an interview at his Long Island home last night, said:
 The action was taken wholly in order to leave the new administration of the road free handed. It in no sense implies hostility or ill feeling toward the road. We are in thorough accord with the new administration and the action was taken simply to leave it entirely unhampered.
 Tt is now up to the New Haven as to it's future banking arrangements. It has a free hand to do what it sees best.''
 Mir. Morgan said further that if the New Haven desired to secure the ser vices of the Morgan firm, or if it wish S1 lO 1lcth0 d new COnIEdCC, Lh0 Ud1k- CTS would consider it.
 President Howard Elliott of the New Haven said he did not know whether or not the firm would continue as the railroads banker under new con tract He would not comment at length on the Morgan letter.
 On authority second only to MT. Nor gan the New York Sun was told that J. P Morgan & Co. were thoroughly tired of being attacked in connection with the New Ravens misfortunes
 At the Pujo inquiry, in certain news papers and at the hands of certain men, such as Samuel Untermyer and Louis Brandeis, said this authority, every effort had been made to fix blame for the railroads troubles up on the bankers.
 The firm has no idea of abandoning the railroad and if the new man. agement is satisfied with the Morgan company's offices the firm will under take New Haven financing in the fu- ture in the past.
 The railroads executive committee received the resignat ton as director of Sidney W..fWinsloW, of Boston, head of the United Shoe Machinery Company, and recommended that the directors make ex-United States Senator W. Murray Crane of Massachusetts member of the executive committee. There was no talk about asking Presi- dent Hadley of Yale to become dtrec- tor.
 President Elliott was authorized to conduct a searching inquiry into the competency of the roads engineers. An expenditure of $365, GOO to rush 1n- stallation of new signals was author ized. Mr. Elliott said he would push the work with all speed. The policy of all steel passenger equipment here after was reaff1rmed.
 J. P. Morgan & Co.'S action will have effect on the New Haven's proposed new issue of S67,552,4OO de- benture bonds. The firm formed an underwriting syndicate to handle this issue, and MT. Morgan said that the syndicate would stand.
 The announcement that J. F. Nor gan & Go. had ended it's fiscal rela- tonship with the New Haven, a reIa- tionship that had continued by direct contract and otherwise for more than twenty years was at first interpreted in Wall street as brought about through the wearin ess of the firm of general legislative and other public at tack upon it in connection with New Haven financing.
 The latest attack was at the stock holders meeting made upon the com mission charged by the underwr1tins syndicate headed by the firm to look out for the new S67, ,552, 400 debenture issue.
 In giving notice of it's termination of the fiscal agency contract the Nor gan firm in no sense is deserting the New Haven in the time of it's financial period of it's life than it has ever been
 MT. Morgan made it very plain to