The Richmond Virginian. (Richmond, Va.) 1910-1920, 1914-07-17
NEW HAVEN ROAD
TRIES To ESCAPE
FEDERAL ACTION
Develops at Directors Meeting
That Fresh Negotiations
Have Been Entered Into

New York. July 1s.--There were In
rectors of the New Haven road today
that fresh negotiations In some form
have been entered Into between the
company, Attorney General McReyn-
oids and the MASSACHUSETTS authorities,
whereby federal action will be at least
postponed.
Neither President Hustis. acting
chairman In the absence OF Howard
Elliott. nor any member Of the board
would admit this much, ard Vie OF.
fetal statement issued contanted itself
with saying that they have not CLOSED
the doors to further negotiations"
Other things experimenting this state
ment, all beginning Monday and end
ing within half hour of the meeting.
were pointed out as evidence of the:
fresh start to solve the prohlems
Contents Of Settlement.
The statement, however. did con-
tain several ether definite assertions.
One was that committee OF the di-
rectors, under advice Of counsel, is
taking steps to recover whatever
money may be due the company from
the John L. Billiard company. This
was taken to mean law suit for the
recovery of the greater part OF the
2.Tna. 900 which John I. Billiard testi-
fed 10 the Interstate commerce COM
mission ne made for his company out
of his Boston and Maine transaction
| of i0s,94S shares, which he bought at
las from the New England Navigation
company. with money supplied by the
selling company, disposing OF 1t later
y -. 4 ~E4 -
share. The statement announced that
the company was to get the money
from the Billiard company. or persons
connected Herewith" When 1t was
J asked whether Charles s, Mellen was
! one OF the persons SO connected. the
answer was that Mr.. Billiard had
never mentioned the former pr Sidert
with him.
Oppose Memberships.
The directors reiterated their fnten-
ton not to comply with the dissoiu-
! ton agreement with the Boston and
Maine so long as the stock OPTION
stands In the way of stock sales. They
reiterated their intention to fight of
all attempts 10 force a receivership
and will not apply for receivers them
selves.
They declared that no resignation
had heen presented to the hoard. but
aid not say whether the resignation OF
Mfr. Billiard had been received by any
officer Of the. board.
A committee OF three members Is
4 10 be appointed to take into considers
I ton the report of the interstate com
merce commission on Monday. to re-
| port conclusions at some future meet
ings.
rfA nudan ~ RaEtfn
made public at the same time. It was
( referred to the counsel for the road.
Refuses 20 Talk.
The Importance Of the meeting to-
| day, coming as II did wAaen ramors
| were freely circulated about reeeiver@
ships, dissolution suits, criminal pros
1 ecufions. took seventeen OF the twen-3
/ fy-three directors Of the company to-
| the Grand Central terminal early.
| Present were Charles r. BROKER. W.
| Murray Crane, r. Dewitt Cuyler.
/ James S. Elton. James s, Hemingway.
/ Preaident Arthur T. Hndley. Of Yaaes
Acting Chairman James III. Hnsfis,
!, Henry X McHark. Edward Milltgan.
Francis r. Maxwell. John a Pratt,
! Wilifam Rockefeller. A Heaton Rob-
/ ertsen. Samuel Rea, James =. Rich
ards. William Skinner and Robert T..
] Taft
The absentees were George r. Ia
1 ker. who Ia abroad; Howard Elliott
] who Ii In the Maine woods; Frederick
\ r.. Brewster, who Is In New Found
] land. Morton r. Plant, d. Newton
4 Barney and NJ. Billiard
Mr. Rockefeller went to the meet
\ Ing evidently by great effort. He did
4 not look we'll and leaned heavily on
| his cane As ne walked down corrl-
/ dor. x
The meeting lasted for about two
hour& = fftr which those who were NOT.
| boards OF subsidiary companies. want
! away. They would not ~ 8 word