Norwich bulletin., 1913-09-06

tive committee. The committee au- th0rfzed the president to install, with out stint. safety appliances and signals to ensure the safety of passengers.
 No Reasons Given.
 Ne reason was given by officials of the New Haven system for the with dFaWaI of J. F. Morgan & company as fiscal agents of the road. The an- neuneement of the withdrawal was made by the executive committee at the eohe1usion of it's meeting today and some little time after J. F. Mer- gan had left for his summer home. Other members of the Morgan firm had only eenjectures were offered as to the reasons for the aetien.
 The letter notifying tfe committee of their intention te sever financial eennectieRs with the New York, New Haven and Hartford sailFaad was pre- scented by MT. Morgan personally and was addressed te President Elliott, Fhe letter fello#si
 The Morgan Letter,
 "Tn the existing financial agency agreement between ourselves and your company it is provided that the ar engagement shall continue until the lapse of 90 days after either party shall have given notice to the other of a desire to terminate the same.
 We hereby notify you that it Is our desire that the arrangements be ter minated upon the lapse of 90 days from this date, or at such earlier date as shall be agreeable to you"
 Roads Financial Agent for Years.
 Action on the letter was deferred until the next meeting of the board of directors. Morgan told the executive committee that similar letters had been sent to the boards of directors of the Boston and Maine and the Maine Central railroads, New Haven subsidiaries
 President Elliott, who today attend ed his first meeting of the executive committee of the New Haven system, declined to discuss the action of the Morgan firm and referred all inquiries for information to MT, Morgan, For many years the Morgan firm has act ed as the financial agent for the New Haven read and within the past few months 1t had undertaken fn under write the issuance of $67,0o0,000 six per cent, debef1tuFs bonds, which issue was to he ussd principally fer refund ing purposes and q portion for better ments and improvement WerK.
 Recent Wreck Discussed,
 Much ef the time ef the committees s meeting today was taken up with a discussien of the WallingfoFd wreck: The committee Yeted te reaHrm it's resolution adopted by the board of di- Teeters on Oct; IT, 1912, in which the president of the eeraPaay was in- stFueted te cause the most searching investigation into the competency of engineers employed by the read and that there should be nothing undone which in the judgment of himself and his associates will eonduce to greater safety in the operation of the railroad and that there shall be ne limitation placed upon the installation 9f signals. safety appliances or anything else that will ia his judgment, or that of his as seefates, improve the safety of the passenger travel upon this company s iinas.a
 The Anal paragraph of the reaHrmed resolution declafes that F'the policy of this coIaLlpafnify is that all passef ger equipment purehased in the future shall be of aIr steel type.
 S3es, zee for New Signals.
 4his resolution Mas first adopted in which nine persons were R1lled and fifty -inJllred.
 Eresfdnnt- Elliott made q statement to- the cornmitrse today in which The declared that he ha3 on Wednesady without knowledge of these resofu9 lions, ordered the prosecution of the work of installing signals between New Haven and Springfield pushed as rapidly as possible. The committee appro1ed~ the expenditure of $365 ,oe6 for tbls purpose,
 After tl1e tconlmittee meeting Presi- der1t Elliott said that the company waa
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