Forest City press. (Forest City, Potter County, D.T. [S.D.]) 1883-19??, 1914-01-23
new HAVEN AGREES
TO SURRENDER ITS
TRAFFIC MONOPOLY
interstate Commerce Commission Will
Pass m Retention of Steamer
lines-May Drop Grim
inaI Suits.

Washington, D.. c., Jan. 13-The New
York, New Haven & Hartford rail-
road and the department of justice has
mas a preliminary agree
ment, designed to effect a r~eorganiza-
ton of the New Haven and to pre-
vent a suit for it's dissolution under
the Sherman law.
In compliance with department de-
mands the New Haven will dispose of
Its holdings in the Boston & Maine rail-
road, cancel it's joint agreement con-
trolling the Boston and Albany. give up
steamship lines.
me question of its retention of the
so called oun lines of steamships will
be left, for the present at least, to the
interstate commission. I'm
der the Panama canal act the road is
required to give up all steamship hold
1ngs by July 1, unless the commission
finds that their continued operation by
the railroad is to the commercial adj
VantaSes of the people and not in re-
Stra1nt of competition.
1t was conceded that the department
OF justice gained practically every
point 1T demanded.
EIliott's Statement.
Announcement of the agreement was
made in the following statement from
Chairman Howard Elliott, of the New
Haven board:
AN agreement has been reached be-
tween the department of justice and
the New Haven railroad. h New
Haven, in addition to the cancellation
of the Boston and Albany agreement,
which becomes effective February 1,
will dispose of it's holdings in the Bos-
ton & Maine railroad, the various
trolley systems. the Merchants & Min
ers' TRANSPORTATION company, the East
ern Steamship corporation n the
Maine Steamship company, under a
plan, the details of which will be
worked out as promptly as possible
with representatives of the department
of justice by Chairman Howard Elliott
and Messrs. Morfield Storey, of Boston,
and Walker ID. Hines, of New York,
special counsel of the board of direc-
tors.
Steamship Limo Plans.
Concerning other steamship lines.
application has been made, under the
Panama canal act, to the Interstate
commission, and their dis
position will be determined by that
body. Until the plans are worked out
and put into effect the management
and operation of the properties wiz
be continued as at present. The con.
ference Was between the attorney gen.
eral Special Assistant to the At
loliiey Heilefal Il. w. Assist
ant Attorney Jesse Cadkins and Special
Assistant to the Attorney General
Frank M. Swacker, representing the
department of justice and Mr.. Howard
Elliott. Mr.. Arthur T.. Hadley and L.
S. Storrs, representing the New Haven
company"
The announcement of the agreement
does not have any bearing on the much
talked of criminal suits against former
directors and officials of the New
haven road. There has been no de-
cision by department officials upon this
point, and probably there will be none
for several weeks. Some officials are
known to feel that such suits would
avail little. since the men generally un-
derstood to be responsible for financial
operations involving the New Haven
probably would not be reached by the
federal government.