The Wheeling intelligencer. [volume] (Wheeling, W. Va.) 1903-1961, 1914-07-21
M'REYNOLDS TO INSTITUTE
SUIT AGAINST NEW HAVEN
FINAL EFFORTS To SETTLE
PROBLEM WITHOUT LITI-
CATION FAILS.
Federal Grand jury Will Be Asked
TO lndict Certain DirecuOrs-Win
Test Sherman Law.

WASHINGTON. July eO.-Civn suit
10 separate the New York. New Haven
and Hartford Railroad company from
It's subsidiary rail. trolley and steam
ship lines viii b, brought by Attor.
ncy General McReynolds in the United
states district court AZ New York
within the next few days
hnal enort today 10 settle the
problem without litigariOn ended in
failure although the attorney general.
! W. Gregory. special assistant in
charge OF the case AMI committee
Of New Haven directors were in 'on.
ference many hours. The committee
came 10 discuss the salo Of the Boston
4 Maine stock owned by the New
Haven. II desired this sale to be
made free Of conditions imposed by
the state Of Massachusetts and said
20 have declared that an unconditional
sale Of the Boston & Maine stock
Gould insure a price $40. 1000 900 above
" hat the New Haven might otherwise
hope 10 get
The New Haven case will be laid
before President Wilson and the cabi
ret tomorrow and a detailed cNplana-
ton of the course pursued By the de-
rartmert in its long NEGOTIATIONS with
tho railroad 10 untanEle IA out of court
probably will follow. II Is not doubted
that tho departments course will be
approved.
To indiet Directors.
There IL little doubt here that on
the heels OF the suit will come an
cfOrt 20 have p Federal grand jury
In New York return indictments
against many directors of the New
Haven Who served In the DAYS when
u wac building up a system which the
attorney general holds Is a combina-
lion in restrain Of trade Both the
civil and criminal actions will he
taken under the sherman Law. and
the whole case is regarded by the de.
partment as the most important un'
dertaken in this administration.
Never before has any administra-
tion planned 10 prosecute criminally
men OF such prominence in the finan
cial and business world. and the out,
come OF these proceedings may deter.
mine the value Of the Sherman law
as a criminal statute.
To the civil suit the New Haven h.
not expected to make any strong re-
sistance. except possibly 10 attempt
10 prevent the State Of Massachu-
sets from intervening TO preserve
certain rights II holds with respect
10 the Boston & Maine
VIII Charge Monopoly
In the governments bill the New
Haven will be charged with being a
monopoly I'm control OF New England's
transp portation. with being COM
bination In restraint OF trade and in
violation Of the Sherman law. The
department f. expected 20 ask for
more than II hoped 20 get through its
agreement for the peaceful dissolut-
ion Of the system made with Chair
man Elliott and New Haven attorneys
last March.
President Hustis. A. r Hadley. 4.
NNaNN-HHF fHfHufnH NFl--g.TH
counsel for the road were the com
mittee that made the final report 10
settle the case without LITIGATION
They spent several hours AZ the de-
partment. but their suggestions we're
not accepted and IN a statement is-
sued a. the close Of tho day President
Hustis plainly indicated that flinr OF
the government suit was expected.
The stumbling block IN the neRotia- -
lions has been over the disposition Of
the Boston & Maine stock controlled
by tho New Haven