The Barre daily times. (Barre, Vt.) 1897-1959, 1914-01-07
PEACE PLAN
ON NEW HAVEN
After Conference with Nc
Reynolds Elliott Agrees
to Reorganization
COMPETITION TO
BE RESTORED
This Would Apply Through
out New Eng
land

Washington, Jan. AFTER a two.
hour conference yesterday between At.
torney General McReynolds and Chair.
man Howard Elliott, of the New York
New Haven & Hartford railroad, it was
understood that the New Haven will
agree to a reorganization to restore com
petition in transportation throughout
New England.
No official announcement was made,
but Mr.. Elliott will remain in Washing
ton several days and it is believed may
settle details of the plan.
Mr.. Elliott and the attorney general
carefully considered the New England
situation with regard to reorganiza-
tion and after their conference Mr.. Ell
lott conferred with T. w. Gregory and
Jesse Adkins, the special assistants who
have had charge of the departments
investigation.
As he left the attorney generals office,
Mr.. Elliott said he could make no official
announcement.
Things look encouraging" he said.
81 expect to be here several days and
possibly before / leave may have some
thing TO tell YOU
A reorganization of the New Haven
would include some plan for its dis
posal of control over the Boston & Maine
railroad; the cancellation of its agree
ment with the New York Central for
the operation of the Boston & Albany;
the giving up of it's so-called Sound
steamship lines, which operate from New
York to Bridgeport, New Haven, New
London, Providence, and other New Eng
land cities; the giving up of its trolley
lines and its so-called outside steamship
lines which operate from New York
to Boston and from other southern ports
to Boston.
The recent semi-official announcement
that the New Haven would agree that
the Boston & Maine go in the hands of
trustees and that its stock be sold at
the end of a stated period so that con
troll should pass to other hands leads
to the belief that similar plan might
be adopted in respect to the steamship
and trolley lines.
One argument that inclines the at
torney general to favor a trusteeship is
that the New Haven might have diff
Guilty in disposing of its holdings at the
present time. Under such a plan Mr..
could approve or disapprove
the trustees who were selected and pass
upon details of the disposition of stock.
1t was understood that the plan under
would not necessitate
perfunctory appearance in court, such as
was first proposed. The plan first con-
sidered would have led to an agreement
between the department and the road
they would appear in court
and ask approval of decree to which
both parties could consent.
1t is presumed, however, that the
agreement would follow the lines laid
down in the case of the American Tele-
phone & Telegraph company. If that
were followed, no court action would
be necessary, but the department of
justice would reserve the right to file
a dissolution suit at any time if it
found the terms of the agreement were
not being carried out.
Attorney General McReynolds said
that he and Mr.. Elliott had discussed
the New England situation in general
and talked over some OF the plans for
recently announced by the
New Haven. He did not care to com
nent on what the outcome might be or
TO give his views on parts of reorgan-
zation plan, preferring TO wait until the
New Haven was ready to meet the gov
eminent at every step. The attorney
general has set no time limit in which
he New Haven must come to the gov
terms. He was convinced, he
said, that Mr.. Elliott was attempting
10 do what the department wants.