Burlington weekly free press. [volume] (Burlington, Vt.) 1866-1928, 1914-10-22

decree in place or the Snares SuTTeHler'''
PROTECTS POWER SUPPLY.
After the said shares of the Con
nccticut company" the decree con-
tinues shall have been transferred
to the trustees, the Navigation com
pany shall cause the Housatonic Pow
cr company to make an agreement
with the Connecticut company, which
shall be satisfactory to the trustees
and which shall provide for supplying
the Connecticut company with the
necessary power to operate Its lines to
the extent Of tho ITousatoniC Power
companys capacity for a period OF
twenty years upon reasonable terms.
and in case the defendants and trus-
tees cannot agree upon such terms
the same shall be fixed by order OF
! this court
Control Of the trolley lines in Rhode
Island covered in the decree is pro
yided for by the establishment of an
other set of trustees. They are John
. o. Ames. Rathborne Bardner. John p.
Farnsworth Theodore Francis Green
and Charles c. Mumford all of Provi-
dence. r. I. To them the New Haven
company is commanded to turn over
I
the Rhode Island company. and the
Navigation company, the decree or
ders. shall assign and transfer to them
9.133 shares In the capital stock Of
the Providence and Danielson Railway
company, bonds Of that company to
the par value of 100000 1000 shares
! in the capital stock of the Sen View
Railroad company. and bonds of the
| L. g
$500, 900. All of these companies are
referred to in the decree as the troll
/ Icy companies" The same trustees
ship conditions are imposed ms in the
other sections of the decree The
date set for the closing of this condi-
ton by the trustees is July !. 1919.
Each body of trustees" the decree
further provides. IN electing directors
of any company which 1t controls and
. in all other action shall exercise all
the powers herein vested in such body
| so as to assure for the company or
companies a manas ement solely In the
interest Of such company without re
gard to the interest of the New Haven
company or any other corporation or
person, but with due regard for the
public interest The trustees are or
dered to pay their expenses out of the
net income or dividends received, but
if there are no such dividends re-
Ceivcd, but If there are no such funds
the New Haven, or in the case Of the
Connecticut company, the Navigation
company is to pay a sum to be fixed
/, by the court or agreed upon the par
ent company and the trustees"
SALE OF STEAMSHIP STOCK.
The seventh article Of the decree Jtipu-
lates the sale before July l, 1917. of 1900
: shares of preferred and 10000 shares OF
. common stock in the Eastern Steamship
corporation and bonds of that corpora
ton to the par value of $500 900 held by
1t, and pending such sale the defendants
of the New Haven company and the Navi
} cation company are enjoined from votini
upon any capital stock of the steamship
: corporation "at any meeting for any pur
= pose"
Disposal of 53,9S1 shares Of the capita
stock of the Berkshire Street Railway
, company and $500 shares Of the Vernon
company. owned by the New Haven com
? pany, Is provided for in the order tina
t they shall be sold before July l, 1919.
Z The New Haven company also is ordered
4 to sell before July |. 1919, five Thousand
shares OF the capital stock OF the New
y York and Stamford Railway compan.
n and bonds to that company to the pa
g value Of s67s,o0o the rights 80 the capita
o stock and other securities of the West
y chester Street Railroad company whei
= the same may he issued" and the naviga
d tion company is specifically ordered T.
sell before July |, 1919, the rights to tn
capital stock and other securities Of tn
.. shore Line Electric Railroad company
4, when the same may be issued and gol
II. notes of the New England Investment an
o, Security company, a voluntary associa
II ton, to the par value of $l3, 100, 600 no,
&C owned by it.
"a ut appearing that there Is now pend
he ing before the interstate commerce con
mission an application of the New Han
IT, en- company under the act OF Congres
n approved August "a. 1912 known as Il
I'd Panama canal act, for authority to retail
H. stocks and other securities of the Ne
ne England Steamship company and II
OF Hartford and New York Transportatic
es company, the court reserves this matt,
for further order to 10 entered afte Il
ne decision Of the commission"
" SALES BY DEFENDANT BARRED
Il. Pending such decision. the decree e
.r. Joins both the New Haven and q
m navigation company from selling any
VI the properties of either Of the cor
To panies referred to.
Of ut appearing that the New Hav
NJ company has cancelled It's contract wi
m, the New York Central and Hudson Riv
Railroad company for sharing In I
Hyn ial H.
he Boston and Albany railroad" the deer
ed states. land has disposed Of It's interes
.se in the Merchants and Miners Transpc
re- tation company under circumstances a
nd proved by the attorney-general Of
ist United States. its directors, office
he agents and employees are perpetually c
ir- Joined from renewing said contract or n
M other OF like purpose and effect and frC
he again acquiring an interest In the Nj
chants and Miners Transportation co
ate pany and from again acquiring shares
,rk securities in any Of the corporations
,llc associations shares or securities OF viii
u.s. have hereinbefore been ordered dispos
ige Of
for "Any party may at any time apply
ion the court for such additional orders as
he may deem necessary fully to carry
or, this decree The Boston and Maine Ra