New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1914-03-20
Elliott and Attorney Gen
eral McReynolds to
Confer To-day.
CHAIRMAN SAYS HE
IS HELPING PROBE
Rails and Steel Cars Authorized
by Directors-New Fund
Plan Is Approved.

! Chairman Howard Elliott, OF the Ne"
, t5oven will have a conference with At
| tornev General McReynolds, in Washihs-
ton to-day. at which, 1t is expected III
,,-oo,,o,. will he reached regarding the
unscrambling of the New Haven road.
Negotiations between Mr.. Elliott ana
/ 49,. ,+.orrev General have been in prog
ross for several month, the points at issue
heirg the naming Of trustees for the Dos
/ TON &, Maine and the trolley companies
| and the length Of their terms d,
NJ Elliott talked with the ooard u
directors Of the New Haven lor "'o' =
than five hours yesterday afternoon a,I
af,or the conference said he was ilOIe
/ borof,,l than he ever was that ne anu
tho Attorney General would get tose'"1-
to-day. 1t was intimated by nm tna' io
expected that an agreement "ou'u
reached lie declined, however "
the names of the trustees VINO "o"'0
probably be selected
Mr. Elliott said that as soon as ne an
the Attorney General came to an as'
r,ort be would call a meeting Oh inc
stockbolders Of the road and lay the piah'
before them. -,,,,-, mill
II is probale that President Wilson WI,
to,.o an onnortunity to see the fruits "a
tho conferrees' labors as soon as d"
/ agreement is reached.
II il is approved by the President inc
will be little left TO be done peloie .,'o
>-o,,, Haven starts out to comply WIN INC
Conditions of reorganization.
,rhe New Haven road, Mr.. Elliott saiu'
ooptinued to show a decrease IN s'oS7
earnings so far this month, although INC
eooond week showed up better than inc
erst This condition, however dld ho'
,ro,,o,t the directors from authori|ih7
tho issue Of $4,000 per cent equip
ment notes, to run for htteen years
, The proceeds of the notes VIII De useo
- purchase some new steel pasSe"s7-
cors and for electric equipment oet"ee',
Nou, york and New Haven. The ooa'u
| aleo anproved the purchase OF l9'V" 'oi''
If steel rails for the year 18Th
No arrangements, Mr.. Elliott said' hau
beer made TO take care Of the No'o" wv
notes which fall due May is.
Wien asked II there was any truth N
the report from Washington that inc ~
terstate Commerce Commission cohteH'-
mates another investigation or the ne"
| YORK Westchester & Boston Railroau'
Mr. Elliott said that he did not KNOW:
"rbe investigation now being made oy
= 49, rr+oretate Commerce COMMISSION
ha said "refers TO matters that look
r,,co nrior 10 my association with the
| Eaw Haven company. We have tod the
| commission and its examiners that we
would co-operate with them in obtaining
! facts"
The directors OF the Central New Eng
| land Railroad also met yesterday an,
authorized the purchase Of 1900 tons o.
steel rails in 1914.
Mr. Elliott left for Washington on IN ;
midnight train last night.
Washington. March 19.-To-morroW
| conference between the Department OF
Justice and the New Haven Railroad IL
Is believed here, will be final, and set
Element is expected in a few days.
r. w. Gregory. Jesse G. Adkins and T.
NJ. Swacker. of the Department oil JUS
tice. returned to-day from New EnglaHp'
where they have been gathering nforma-
ton about men suggested as trustees ID'
the Connecticut and Rhode Island tro'Iey
lines which the New Haven Is TO give
nm II was understood that the depart
rent and the New Haven were about 10
ogrea on the personnel of those boards.
Tho Interstate Commission is taking
preliminary steps to determine whether
= further investigation of the affairs o.
the New Haven is necessary uhder inc
resolution of Senator Norris. some OF inc
commissioners arc-of the opinion that t'e
information already at hand IS sufficient.
Protests by banks, trust companies am
boards of trade in Connecticut against
continued agitation of New Haven Rail
road affairs were presented 10 the senate
to-day by Mr.. Braudegee, of connecticut
New Haven. March 1o-"Rather than
surrender 10 the demands of the Attorney
Goneral of the United States for the dis
memberment by agreement or any part
OF the New Haven Railroad system the
New Haven Chamber Of commerce To-
day passed resolutions, calling upon the
President and directors Of the railroad
"to resist to the utmost such demands
and compel the Attorney General TO argue
his case in court
The resolutions say that the present
plans Of the Attorney General mean the
destruction of the present transportation
system of New England with consequent
paralysis of the business and manulact-
uring interests md unjustitiable loss to
thousands Of New England stockholders"