The sun. [volume] (New York [N.Y.]) 1833-1916, 1914-03-21
Elliott and McReynOlds Diff
fered as to Trustees
to Sell Lines.
70 CONFER AGAIN TO-DAY
Agreement to Re Submitted to
Wilson Provides Time
Limit on Sales.

w,sHrSoroN. March 2o.-After day
q, conferences between Attorney-Generai
v,R.ynolds and representatives OF the
New Haven railroad all doubt had disap-
,s,red that n satisfactory agreement In
,.ra-d TO the dissolution OF the big rail-
,osa system will be reached. The clearing
.w.v Of all clouds was indicated by this
statement issued at the Department OF
Justice late tonight:
The representatives Of the Department
=, Justice and Of the New Haven railroad
.,,,e that negotiations are progressing In
,s,isfactory manner. and II is believed
,,,, all details will be satisfactorily ar
.,,sed at an early date. A further state
men, may be given out tomorrow"
. rhi. statement was Immediately inter-
,,.,ed as an assurance that all the vital
,cln,. in controversy have been settled
And that an agreement Is assured.
There had been some differences be-
tween the Governments representatives
and Chairman Elliott Of the New Haven
" N. course of the day In regard to the
,erronnel OF the trustees who are
10 have charge of the sale Of the roads
,-olley properties in Massachusetts. Rhode
Island and Connecticut. After to-n.ght's
conference, however. II Is believed that
all these difficulties have been cleared
away and that only minor details now
r,main to be passed upon.
ruo Siuuj0rawt Conferences.
ne fact that the negotiations had
reached their final stage was indicated
to-day. when the Attorney General and
Mr. Elliott had two long conferences with
out the presence Of their assistants who
thus far have been entrusted with the
handling of negotiations.
After these conferences the two chief
. figures had consultations with their as
s.an,s on the details of certain pro-
visions which 1t developed had not been
,noothed out TO a point where ANAL agree
merit upon them was practicable.
II is understood that the Attorney
General and Mr.. Elliott will meet again
tomorrow In the hope that by that time
the minor differences which now exist
. will have been eliminated and the plan
80 !roned out that II can be submitted TO
President Wilson for his approval
Briefly, the plan on which an agreement
,oon will be announced il understood to
b as follows:
Tn Boston and Maine stock II TO be
~, into the hands OF five trustees. who
ne to dispose of il within two and half
ysar Il practicable, but their term OF
service may be extended by the Federal
courts to which the reorganization de-
| tuee is 10 be submitted"
Two Sets Of Trolley Trustees.
ne Rhode Island trolleys and the Con-
n.ctIcut trolleys are to Be put into the
hands OF two sets of trustees who are to
have definite terms OF service In which to
dispose OF these properties The Massa-
ehusetts trolley Lines will be disposed Of
BY The y W Haven itself
The Merchants and Miners Transporta-
lion Company, the Eastern Steamship Cor
pofstion and the Maine steamship Com
pahy are 10 be disposed OF by the road
according TO the agr ement announced by
MI Elliott on January 10.
The petition of the New Haven to re-
IAN the so-called Sound lines IL pending
before the Interstate Commerce Commits
toh Should the commission order these
ines sold the New Haven Is to sell with
uem It's ext nsive water terminal prop
tries Should the commission approve
u me petition the Department of Justice will
reserve the right to seek their dissolution
from the road under the terms OF the
Sherman act.
I" soon as these provisions are incor-
i0'a'ed In definite agreement sane
uoh'd by the Attorney General and Mr..
.-''Ou or by the President the only ac-
"on "hi'h will remain for the Department
'stcs viii be the presentation OF the
1"sement TO a Federal court in the form
'a a decree.