The Bridgeport evening farmer., 1914-01-07
NEW HAVEN ROAD
 TO BE SH0RN OF ALL ACQUISITIONS
Railroad, Trolley and SfeamshiD k Lines Must Be Dropped
Attorney General Approves Prih. cip!es' Points Of ElIiotfs Tentative Scheme
 for Changes


 Washington, Jan. 7--The New Yorl. New Haven and Hartford Railroad l5 to be dissolved in accordancs with Che demands of the government
 James c. McReynoIds, attorney gen eral, has approved the salient points of a tentative scheme of dlagolutlon laid before him by Howard EsIIiott. president of the road Thia. became Known after a. two f1ourer conferarcs Hott While no official statement FaE made, it is understood that only a few details remain to be cleared up.
 Mir Elliott saw MT NcReynolL1 yesterday morning. In the afternoou he conferred with IT. w. Gregory s1.f- ciaI attorney for the Departnaent or Justice ,wfo, with JezSe C. AdtIns. ag- sSstant attorney general worked uD the case. They dAScussed various phases of the case and later both aaRf Mir. McReyno1ds and aasured hlu fhat they were making progress toward definite understanding
 Just exactly when a full Agreement will be reached is a matter Of epecl- lation. MT McReynolds declincd rc venture an opinion. Mr. Elliott 1sIu four days,f by which time 1t fg beIievsl a working program VIII have been ar- ranged.
 Whether or not criminal proceedlnrr under the Sherman Antf-Trust lr-
 will be instituted agalnst CharIes 1Tel- len, one-time president of the lIe- Haven, and his assistants who tlIt up the system. probably will not U determined until the dErgoInfIrr scheme is completed. Thfs steb har been urged upon 1lr 16cHeyuoldr rsr nas assistants The attorney 8eneIal believes that the most Inporta11t thl1r to be considered now, foweVer. sa fee dissolution of the system fn order ld restore competition in the traHc 1l New England
 Officials of the Department of J-ls- t1ce hesitafed about dfscussinG tLlr phase of the case
 Things look encoua rin e,' add trr Elliot when he left the attorney rlr- erals office alter the nnorninw conter- ence. TT expect to be here Tor e4ver.I days, and possibly befors leave will have something to ten E0u- MT. McReynoIds after the c1nfarar-. was in the same frame Of n1ind. Ir
 made it plain Eaat prcepects are r,or for an early settlement Of 9he care The attorney general explained t.rl the government has not cMar9eI Ifr stand regarding the demanda that t11 New Haven give up 1ta stean. trol1se and steamship holdinEs. I7e fhlrIal ll likely that the dissolution wIur bs urf through at once and be1ieve1 ftrf - lsett1ement out of court would be more aat ttsfactory than 7f9Sa ttCm1 o1lrlI might drag on for an 1ndennits l1- riod.
 | Reor ganizatfon of the New EIa-rr system means the yielding 0f ila c1r- tro1 of the Boston and Maine Er1- way. the cancellation of ifs aereefn-rl
 with the New York Central for Irr operation of the Boston and A81anr lines, which operate between lrere
 York city, Bridgeport New Haven. New London 6Erovfdence ana ofher cities in New England. and the Eivinr up Of it's trolley line interests It is thesriT9 ention of tne Depart ment of Justice and New Haven oll- ciais to withhold any definite etsfe- ment ,of the, d5ssoIution4 scheme unfii erything i4 fully worked out Tb1rr Is a general fn1pressfon here. houever. That the various companies under lTcrr Haven control will De placed fn faa standing that at the end of a. ntafrl period the stock Of these corp0ratsprr is to be disppsed of to persons who have no interest wharever ln the New Haven line.
 One of the chief arguments for Chin arrangement, is that an order to ttirr-r these properties on the market at QUO time and force their innnedlale neir would send prices to figures mr1h lower than their actual value me ll- E0Iueyr KcnoEAI a[e-lAlIl-l LAl- NNlAIIaa. system of ownership and the fact tlgl much of the stock is held by small if- vestors. many of whom have thcir zu- tire savings at stake Several hun dred letters have been received Mt flc Department of Justice from fne hold CTS of one or two shares-mauy teilluT pitiful stories of sacrifices to buy what at that time were cous.derel egilt edged" securities.
 MT. McReynolds Is anxious thnt these small investors be protectca. and it is understood that he favcfH any scheme of dissolution that rrorll save their holdings.
 when a final agreement is reached it is believed that ene case win t= taken into court. probsbly in New York city for the entering of a -cor- sent decree'' Owing to the EreatIv involved ownership 1t 10 thought tt'l course would be preferred to that f1I- lowed in the dissolution Of fae Asler- fcan Telephone and Telegraph Com pany. when there was no court ac- tion.