The Bridgeport evening farmer., 1913-06-28
NEW HAVEN'S
 BOOKS TO BE
 THROWN OPEN
Stockholders Will Investigate Interior Workings of the Road-Directors Give
 Consent

George von L. Meyer, former Secre- l tary of the Navy, and chairman of the sub- committee of the stockholders pro- tective committee of the New York, New Haven and Hartford railroad, and the other members of the sub- | committee had a conference with a subcommittee of the board of direc-
 tors of the railroad in New York yes terday afternoon.
 After the conference, which lasted about an hour. Mr.. Meyer said that the demands of the subcommittee that they be allowed to examine all the in | terior workings of the railroad had been agreed to by the directors. Mir Meyer will report back to the committee which he represents on Mon day morning at 10 o'clock in Boston, l and at that time ways and means of ] obtaining information, with 8 possible view to fighting for changes, will be
 formulated
 l With Mr. Meyer on the sub-commit- itee of the stockholders committee were l Charles Stone of Stone & Webster, B. i w. R. Thayer, Eli W. Whitney and F. | w. Matteson. The subcommittee rep resenting the board of directors was Charles S Mellen, president; William Rockefeller, Samuel Req of the Penn sylvania Railroad, J. Pierpont Morgan 1 James s. Hemingway, Edward Milli- gan, Charles F. Brooker, Sidney w winslow and Theodore N. Vail. MT.
 Vail is the only director on the sub
 committee who is not a member of the
 executive committee of the board of directors.
 Have 25O, ,OOo Proxies. l MT Meyer and his associates repre- sented the owners of between 250.0oO and sO00O0 shares. On Wednesday the
 figures were 250,000 shares but since I then they have been increasing slowly, 1 although no new appeal for proxies.
 has been sent out. MT. Meyer said.
 that his proxies came from several 1 thousand stockholders.''
 MT. Meyer, it was agreed in the con 1 ference should meet the newspapermen
 afterward and the others bound them 1 selves not to discuss the meeting in l any way.
 tsThe committee was appointed by our regular committee to meet a l committee of the board of directors 1 said MT. Meyer 'eThis move was talk
 en at the request of the executive com nittee.
 I .sI stated to the members of the l committee that we had been appointed l to ascertain if we could have put at l our disposal all the information de- sired and figures and facts, and asked l in what spirit our requests would be received.
 I ..Mr Me1len, speaking for the com
 rnfttee, told us that we would have placed at our disposal the books and accounts and every opportunity would ] be granted to us to gain any infor ma ton. no matter what we desired. and that we could go at our examination without any restrictions.
 I I've shall so report back to our full
 committee and next Monday morning 1 we shall organize ways and means to get the information we want I Can you tell us of anything else that transpired?'' he was asked Not Ready to Criticise.
 s.No, except that made the request, and it was received in good spirit. The
 rest of our talk was informal conver- sation. We are not prepared to make any criticism or make any recornmen-
 dations until we have studied the af- fairs of the road intelligently and
 have got certain facts and figures
 which the directors have agreed to
 put at our disposal. This may take weeks or days or months"
 tfDo the facts and figures that you 1 are looking for bear on the finance of the road?'' was the next question.
 They cover everything said MT. Meyer. we will look into every de- tail of management and operation. In order to get at the physical condi- 1 ton of the road the accounts must be examined"
 Does that mean that you will put experts to work on the books?"
 'sIt might mean so; that is for the committee to decide next Monday
 morning, when we report back to the larger body"
 1 esIn the discussion with the direc-- l tors was the Stamford wreck taken up?'' MT. Meyer was asked.
 stNo,'' was his answer; mo details l were taken up. The directors have 1 given us all the opportunities which we have asked for, so now we have to 1 organize and get to work. No one can tell how long it will take to get all the information we desire"
 One Fifth of Total Stock. 1 The holdings which he represents, I said MT. Meyer, make about one-hfth of the total stock issue. He himself is not a large holder of the stock, he said He said further:
 | s'I feel that we are approaching this l question with an open mind, not pre- | judiced for or against the management | We have asked the subcommittee of l the board of directors to make it easier l for us to get together, as in the sum | ner time 1t is hard to get large | body of men together"
 | On Wednesday MT. Meyer said his committee did not representNJ. P. Mor- 1 gan & Co.,, or the Pennsylvania rail- | road When he was asked yesterday if their proxies had come in to his committee since, he said they had not and pointed out that MT. Rea, presi- l dent of the Pennsylvania, and MT | Morgan were both on the sub-connmtt- tee of the board of directors whicz
 was appointed to meet him.
 cLEANEAsY. THE BEST HAND | SOAP.