The Barre daily times. (Barre, Vt.) 1897-1959, 1914-03-14
NOTHING IS
DECIDED YET
In New Haven-Boston &
Maine Railroad Con-
ference
NEGOTIATIONS
TO BE RESUMED
Trustees Term Of Service
the Principal Bone Of
Contention

Washington, March 1.-THE success
or failure of the plan for peaceful dis
solution of the New Haven system
hinged last night largely on the length
of the trustees service and the divorce
ment of Connecticut trolley lines.
After an all.day conference between
the roads counsel and attorneys for the
justice department no agreement was
reached. The conferences were resumed
o-day.
Ii compromise is found possible it
probably win be on two-year basis for
trustees with the right OF a two-year
extension on the courts approval. Re-
ports from New England that many
banks have taken up their cudgels for
the New Haven was received with in
terest. Several communications We're
received from banks suggesting the de-
partment might show more leniency in
the Boston a. Maine matter
Further delay on the part of the road
may lead to the filing of an antitrust
suit for dissolution by courts decree.
The principal points of difference, it
was said, involved the length of service
of the trustees, who are to take over and
dispose OF the Boston & Maine stock
now owned by the New Haven and the
disposition OF some of the New Haven
trolley lines.
Mr.. McReynolds prefers that the trus-
tees shall serve not more than two years
with a possibility of two year con-
tinuation, if court shall find the first
period insufficient. New Haven repre-
rentatives were inclined TO insist upon
three years trusteeship with the OPP
tion of three year extension if found
necessary.
Inability TO get together on that point
may lead TO breach. The financial
condition of both the New Haven and
the Boston & Maine figured largely in
the attitude OF both sides in the con-
ference.
Representative Andrew J. Peters, has
laid before President Wilson the New
England view of the New Haven Boston
G. Maine case. Mr.. Peters has carefully
represented the extreme delicaey of the
situation and has urged the economic
and the political Importance of the pres
ident interesting himself in the negotia-
tions sufficiently to make certain an
agreement which will avoid receiver
ship for the Boston & Maine 1t has
been felt here for some time that an APP
peal must be made to President Wilson
ii the interests of the New England
public are not to be sacrificed through
the unfamilarity of the advisory Off
Gals in the department of justice with
the real situation as it is understood
in New England.
Strong representations have been
made to the attorney general upon this
point also.
Many think that the department of
justice could we'll afford to fix the period
of trusteeship at three years from Jan.
l, 1914, with the privilege of renewal
upon application at the end of that
time. This suggestion is intended to
cover the express desire of the attorney
general to avoid any defeat of his plans
by possible change of administration
in 1917. Advocates of this plan declare
that it would afford fairly reasonably
TO all interests
1t is understood that a tentative
agreement has been made as to the per-
sonnet Of the board of trustees.