New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1914-01-11
Agrees to Give Up B. & M,
B. & A.. TrOlleys and
Some Steamships.
RETENTION OF SOUND
BOATS NOT DECIDED
Question Left for Inter-
state Commission to
Decide.
HALTS IMPROVEMENTS
HALTS IMPROVEMENTS
Held by Administration To Be
Another "COnstitution Of
Peace Victory.
IFrorn The Tribune Bureau. ,

NNNN
From The Tribune Bureau
Washington. Jan. lO-lt was an
nounced late to-day that an agreement
lad been reached between representa-
tives of the Department of Justice and
the New York, New Haven & Hartford
Railroad by which that road would re-
organize and release certain of it's rail-
way. steamship and trolley holdings
without the filing of suit by the At
torney General
This agreement in the administra-
tons opinion. constitutes the second
victory under President Wilson's con
stitution of peace" 1t follows the re-
cent separation. without litigation, of
the American Telephone and Telegraph
Company and the Western Union
The New Haven agreement. by which
the Department of Justice seeks IA res
toration of railroad and steamship COM
petition in New England, is outlined in
a statement issued tonight by Howard
Elliott chairman, and Arthur 4. Had
ley. of the New Haven board of
directors.
"An agreement" it says, has been
reached between the Department of
Justice and the New Haven Railroad.
The New Haven, in addition 10 the
cancellation Of the Boston q Albany
agreement. which becomes effective on
February !, will dispose Of its holdings
in the Boston & Maine Railroad, the
various trolley systems, the Mer-
chants and Miners Transportation
Company, the Eastern Steamship Cor
poration and the Maine Steamship
Company, under plan the details of
which will he worked out as promptly
as possible with representatives Of the
Department Of Justice by Chairman
Howard Elliott and Messrs. Moorfield
Storey of Boston. and Walker ID.
Hines, of New York. special counsel OF
the board of directors
Up to Commerce Commission.
Concerning other steamer lines, APP
plcation has been made. under the
Panama Canal act. to the Interstate
Commerce Commission, and their dis
position will be determined by that
body. Until the plans are worked out
and put into effect the management
and operation of the properties will be
continued as at present.
The conference was between the At
torney General and special assistant to
the Attorney General. +. W. Gregory;
Assistant Attorney General Jesse c.
Adkins and special assistant TO the At
torney General. Frank NJ Swacker,
representing the Department of JUS
tice. and Howard Elliott, Arthur T.
Hadley and l.. S. Storrs, representing
the New Haven company"
A supplemental statement was made
public at Chairman Elliott's headquar-
ters late tonight. as follows:
Mr.. Elliott said that the result of
the negotiations for the last six weeks
with the Department of Justice meant
tiiNl6tS III AtAN 5'H'l di
structure of the New England trans
portation system. He believed. how
ever. that these could be brought about
without serious dislocaton if all par
ties interested would work together
and have patience.
Attorney General Fair"
The Attorney General while very
properly insistent upon an arrange
ment which conformed TO the law as
Interpreted by him. was broadmnded
in considering the business and COM
mercial welfare Of New England and Of
the railroad in New England. He
stated frankly that he recognizes the
obligations incumbent upon the direc-
tors TO conserve, just as far as cir
will permit the full value
of all OF the properties, and so far as
the department properly may will help
the directors to discharge their obliga-
tjons i'm protecting the stockholders in
working out the details Of the plans
for the various properties.
.'rhe New Haven management. while
il could not agree fully with all the
views of the Department of Justice.
nevertheless felt that I'm the interest OF
2 pcaceful solution of the New England
railroad situation, 1t was wise to yield
and 10 work in full harmony with the
department in bringing about an ad-
ustment. While that is going on, the
New Haven management hopes that all
interested. whether owners, employees
or natrons OF the road. will cooperate
in every reasonable manner TO maintain
the integrity and welfare Of all the
properties.
The general business and trans
portation situation in New England is
difficult. but the properties are in
herently sound. and with courage and
patience will. without doubt. be made
Continued on third page, third column.