The sun. [volume] (New York [N.Y.]) 1833-1916, 1914-08-12
NEW HAVEN SUIT
TO Be SETTLED
OUT OF COURT
Continued from First Page.

Continued from First Page.
Haven b. divorced from the New York
and New England Railroad was chiefly
responsible for bringing about the change
OF mind by the New Haven directors
The Government had not included this
demand IN It's original agreement
This line controls valuable terminal ia
ciltes TT Boston Us well rs the Pough-
kecpsie bridge.
The plan for adjudlcating the Sherman
Law suit was worked out at conferences
between Attorney General McReynods
and otHcials Of the New Haven, which
took place IN New York lbs, Saturday
and Monday II was approved by the
New Haven directors AZ meeting I'm
New York to-day.
The agreement will be embodied In
the form Of an agreed decree. which
viii he fled IN the district court In
New York Immediately.
The agreement does no. In any way
AFFECT the decision OF the Department VI
Justice, acting under instructions from
President Wilson TO proceed crimnally
against certain directors OF the New
Haven responsible for the formation {
the alleged transportation monopoly. The
criminal proceedings. n Is learned on high
authority, will he Initiated before the
Federal Grand Jury in New York within
two weeks.
The acceptance Of the January agree
m"nt by tho directors Of the road was
announced to the Acknowledgement in a
message telephoned 10 him this afternoon.
The pleasant spirit manifested by the
New Haven officials in President Hus-
tlss message evidences considerable
change in the relations between the Ad-
m!n'strauon ana these officials Prcsi-
dent Wilson IN his letter to the Attorney
General instructing him 10 begin civil
and criminal proceedings against the road
charged the management with bad fatl,
IN not carrying out tho January agree
ment.
Presidenrs Letter Urging suits.
The President said in his letter:
Their hnal decision m this matter
causes me tho deepest surprise and re-
| greet. Their failure upon so slight a pre-
text 20 carry out an agreement delib
| erat-ly and solemnly entered into an,
which was menifestly in the common IN
terest is 70 me inSTplicable and wtthuu
the slightest Justification
New Haven directors took vigorous e.
ception 10 this statement and contendc.
that the passage Of tire Massachusetts
| law had entirely altered the situation.
The New Haven then contended tina: I,
sell the stock under this condition woul,
greatly depreciate its market value an,
would work a hardship on the stockhold
ers. They proposed that an agreed de-
cree be entered in the New York cour
for carrying ont all the provisions OF III
January agreement save that for the sal
of tho Boston and Maine and that III
Boston and Maine be put In the hands o
trusteerhip for an indefinite time pend
ing the arrival At some conclusion in re
gard to It's sale
II was when this proposal was reJecte
that the officlals informed the Attorney
General that they could not carry out III
| January agreement, and tho suit wa
filed. Since then there apparently ha
been reconsideration Of the entire sit
uaton and the Government now gain
all II us original demands.
1nc agreement now renewed provide
for the disposal under trusteeships Of IN
New Haven's holdings In the Boston an
Maine road. the various trolley system,
the Merchants and Miners Transportatio
Company. the Eastern Steamship Corpo
ration and the Maine Steamship Com
pany. besides the cancellation OF IN
agreement with the Boston and Alban,
The latter cancellation already has take
place