New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1914-07-22

i',, &c tho Now York. New Haven
4 Hartford Railroad Company
,r,icb. together. disclose the tHh-
- % the directors OF the New
York. New Haven g. Hartford Ma.
road Company 10 comply win anI
terms OF the settlement PropVs
by them and accepted oy US III Wv
matter Of their railroad hoIuinsS
Their final decision IN 'hIs ne,
cor causes me the deepest SUI "a
and regret. Their failure upo" ~
light preteNt, 10 carry Ou' e.
ocreement deliberately ana So
EMMY entered into and when wa.
manifestly in the common lh,eresV
i 10 me ireXplicable ana eh'''eS
without justification. -
You have been kind enough 10
loon me fully Informed OF every
s,ep the department TOOK IN 'nlS
alter and the action OF inc oe-
nartment has throughout met WIN
-, cn,ire approval. II was Just,
reasonable and efficient. IL snouIa
have resulted in avoiding "hH'
must now DE done.
IN the circumstance the course
Won propose is the only one tue
government can pursue. J there-
foro request and direct that pro
ceodinr in equity be filed. seeking
10 dissolution OF the unlawfu! mo-
,o,olv of transportation tacihue5
IL, Nv England now sought 70 pc
r,,irtai,ed BY the New YORK, Ne"
rfs~on & Hartford Railroad Com
oo,v and that the criminal aspects
- CO. nc laid before granu
ary.
,IcRcynolds Recites Whole Case
VI McRcynOlds's letter 10 the Pres
dcc. slows:
couc osys since I reported 20
,ou that the board OF directors OF
no New Haven Railroad had aG-
sod ne that they would not carry
no eject me approved proposal"
,,ade by them last wln'e" lol
br;rrirr the afaj,s Of mat com
,auy .rto harmony "lth the Ie"-
.lal Statutes. ,.ro..
- tb. nrqsiden. Of the company
an INV Q. expressing your views
.r6 r.v own in opposition 10 ths
nosition assumed by the board, \
CEpy Of that letter is attached
saturday last received re-
ICE. "a confer with committee
composed OF members OF the OoSru
an yesterday. Monday. They came
hero ard we discussed the Sl'uS
,icn ! emphasized the position OF
NO government. as outlined IN my
-. ~ Iulv Q. and energetically
coIlcd attention TO the resu!IS
which would necessarily follow al
herence 10 the position taken DE
,bem They refused. however 10
admit any obligation 10 CONFORM ~
The Massachusetts enactment an
firmly declined TO carry INTO ere
their own proposals for al ADJUST
ment. La,.o
During the last year, you nave
heel constantly in touch WIN m, my
actions in respect OF the Ne" no"
ven Road. and you have oeen soCu
enough 10 express satlsIAcIIoi.
herewith. II seems. however, hol
inappropriate again 10 REMIND you
az some aspects of the general SIT
uation. fL
Department Of Justice was calico
20 tho unlawful combinations ana
nopcpolies in which the New ia,
vcn Railroad was the principai
marty. and in May OF that year
proceeding under the sherman law
,vo. i0stltuted. wherein the gov
crrmcu- sought 10 correct certain
~ the existing evils. This SUIT
was dismissed on June 26. 1909.
Thereafter the monopoly proceed
cd 70 strengthen It's hold upon the
carriers OF New England.
Railroads Facing Ruin.
Rv the time your administration
began the New Haven and the
Roston d Maine Railroad had been
roduceJ to the unfortunate condl-
ION now unhappily too well known.
Their securities. widely dlstrlD,
mod among small investors. mad
shrunkcn enormously in vaiue anH1
.Ne commerce and Industries OF an
New England were under severe
sire n. IT,
Office. being convinced that INC
situation demanded thorough
investigation by capable counsel
retained Mr.. T. ". Gregory
we'll known 10 you. and whose
ability. industry and integrity
arc unjmpeachable. In due time
bc reported the results OF his re-
searches. and instructed him %
prepare for filing at the earliest
possible moment proceeding IN
eoui,v 70 prevent further viola
lions OF the law.
Rcfore this could be accom-
,l',bod the railroad company Sc
lected new chief officer and ne
earnestly asked 10 enter upon ne
gotiations with ne LOOKING 20
ward An adjustment without the
necessity OF suit. You have been
familiar with the outcome. and
~ Inc terms Of The plan agreed
ON were publ he'd they became
generally known.
Because Of the important cor
soouences involved directly TO
%cw England and Immediately
- .bc rest OF the union, 10
eeemed most important, first. 10
accomplish. if possi ole. a restora-
ion OF lawful conditions IN the
Transportation facilities Of that
scction with the least possible
further distress TO impoverished
investors and unsettled industries;
md | have acted accordingly.
No Guilty 10 Escape
The criminal aspects OF the
case have been kept constantly
IN minG. much data bearing thereon
we're collected months ago. and
car, hos been c>crc. sed 20 permit
rotaing which might interfere With
urorer prosecutions at the appro-
rri4tc time. We nave not ncld ou'
Ne slightest hope TIA, parties
,.'lty Of criminal violations or the
l.w would escape.
g. April and May last. there
being indication that the Interstate
commerce Commission, BY eXamir-
iu. the,-. might 'mmunlze certl u
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