The Tabor independent. [volume] (Tabor, S.D.) 1913-19??, 1914-01-15
new HAVEN AGREES
to- SURRENDER ITS
TRAFFIC MONOPOLY
interstate Commerce Commission Will
Pass on Retention Of Steamer
Lines-May Drop Grim
inai Suits.

Washington, ID. c.. Jan. 13--The New
York. New Haven & Hartford rail-
road md the department OF justice has
has announced a preliminary agree
ment, designed to effect a reorganiza-
ton OF the New Haven and to pre-
vent q suit for its dissolution under
b 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
its trolley lines and several of its
steamship lines. lay.
The question OF its retention Of the
so called Sound lines OF steamships will
be left. for the present at least, to the
Interstate Commerce commission. I'm
der the Panam canal act the road Is
required to give VI all steamship hold
tngs by July !. unless the commission
the railroad is to the commercial adj
vantages of the people and not In re-
straint OF competition. ~
10 was conceded that the department
of Justice gained practically every
point II demanded. ## It
EIliott's Statement.
Announcement Of the agreement was
made In the following statement from
Chairman Howard Elliott, of the New
! Haven board: f.
"An agreement has been reached be-
tween the department of justice and
the New Haven railroad. The New
Haven, in addition to the cancellation
OF the Boston and Albany agreement,
which becomes effective February /,
will dispose OF its holdings in the Bos-
ton & Maine railroad, the various
frnllav CtycfAY1ou fhn AHaraho, .ka a Nil
ers' Transportation company, the East
ern Steamship corporation and 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 Line Plans.
concerning other steamship lines.
application has been made, under the
Panama n act, to the Interstate
Commerce commission, and their dis
position will be determined by that
body. Until the plans are worked out
n put into effect The management
n operation Of the properties will
be continued as at present, The con
Terence was between the attorney gen.
eral and Special Assistant to the At
torney General T. w. Gregory, Assist
ant Attorney Jesse Cadkins and Special
assistant to the Attorney General
Frank M. Swacker, representing the
department of justice and Mr.. Howard
Elliott. MIR. Arthur T.. Hadley and 4.
.. Storrs, representing the New Haven
company" 'lE
The announcement of the agreement
does not have any bearing on the much
81 fQlka6E nf criminal cIlff0 q 0ofnof RNrrn1.
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.