New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1914-07-18
Negotiations for Peaceful
Dissolution of the
System Ended.
STOCKHOLDERS SUE
FOR RESTITUTION
Seek S102,000,000 from the
Roads Directors and May
Recover S3O6,O00,000.

Washington, July 17.-Negotiatiors
between the New Haven railroad and
the Department OF Justice to effect
peaceful dissolution Of that system ap-
parently came to an end to-day, aud
unless there are unforeseen develop
ments the government will tle its Sher-
man law suit TO force a dissolution
next week. The bill against the New
Haven practically is complete, and I'm
ishing touches will be put on 1t at
once. Before it is filed Attorney Cen
eral McReynolds will confer with Pres
dent Wilson, lay the whole New Haven
case before him and ask for Presiden-
tial approval.
Mr.. McReynolds is understood to be
unwilling to take the case into court,
but to feel that there is no other solu-
tion of the problem of untangling the
New Haven. His ears are not closed to
further negotiation, but it was the
opinion at the department to-day that
the New Haven had rested its case.
Official Notice Received.
Official notice of the action of the d.
rectors in New York yesterday, refus-
ing to accept conditions laid down by
Massachusetts, for the sale of its bos-
ton & Maine stock. came during the
day. There was no intimation of any
plan for complying with the govern
ment's demand that the Boston IL
Maine stock be sold, and it was he
general feeling that the matter was
closed and that only the conference be-
tween the President and the Attorney
General remained before the filing OF
the bill.
The New Haven Is not expected 20
offer any great resistance to the suit
II was reported tonight that the gov
ernment's bill might not be fought at
all. and that the New Haven might eveh
confess judgment and put it up to the
court to determine whether a dlsso!u-
tion should be ordered. This would
contribute to speedy determination
Of the case in the District Court. So
far as the department is concerned, /.
is understood that when suit is begun
it will be pressed to a conclusion as
rapidly as possible.
Extent of Bill Doubtful.
There has been some doubt here as
to how far the governments bill may
go in asking for disintegration of the
New Haven and its subsidiaries. At
one time the bill contained a provision
asking for the separation from the New
Haven of the old New England Rail
road. which runs from Boston down
through Wllimantic, Hartford and
Danbury to point on the New York
Central, about fifty miles from New
York. This road never had a direct
entrance to New York, but connected
at several points along its line with
Line" 1t was assimilated by the New
Haven many years ago, and Is now
considered a vital part of the system.
Over the road for many years some of
the New Haven's finest trains were run
between Boston and New York.
There is some question as to whether
the Sherman act will apply to the New
England road, and it is possible that
this feature will be eliminated from the
bill. II it Is retained and the govern
ment should carry the point the New
Haven would be stripped to It's shore
line and few feeders projecting north
into the New England states which it
traverses.