The Washington times. [volume] (Washington [D.C.]) 1902-1939, 1914-10-17
NEW HAVEN AGREES
TO ITS DISSOLUTION
7lIroad and Subsidiaries Con-
cur in Decree Filed by Attor-
ney General Today.

nal steps for the dissolution of the
\ Sc York, New Haven and Hartford
R road Company and its subsidiary
., tpanies was taken today when At
4 nelly General Gregory fled in the
led States court for the southern
riot Of New York an agreed decree
re- wing out the terms of the disso-
IL on.
agreeing TO the decree the New
n zen Company, the New England
y vigation Company, the Boston Rail
r. r Holding Company, and the Provi-
q ce and Danielson Railway Company,
T. nitted being parties TO combina-
d, rs in restraint of trade and that
by had attempted to monopolize and
lcA are monopolizing transportation by
. lroad. trolley lines, and steamboat
( es within New England"
The terms of the dissolution agreed
c are as follows:
'irst, the New Haven Company shall
7 nsfer to five trustees previously
Is reed upop the Boston and Maine
{ Dck held by il, and the Boston Hold
NJ Company, comprising a majority OF
vch stock. The trustees are to sell
he stock before January !, 1917.
second. the New Haven Company
5
ares Of stock IL held of a number
v small lines which had been leased to
D.. Boston and Maine, the trustees TO
70 such stock.
third. the New England Navigation
,ompany shall transfer to trustees
g~eed upon the shares Of the Connec-
1cut trolley lines it held. which are 10
b. sold by the trustees.
frourth. the New Haven company
III assign to trustees the shares 1t
b DIS Of the Rhode Island trolieys'
u trustees to sell such stock
nth. the New Haven company shall
pose on or before July l. 1919, or
y . shares of stock it holds IN the
: -kshire Street Railway Company,
;. hiect to recent legislation by the
. ssachusetts assembly.
S3Nth. the New England Navigation
mpany shall sell on or before July
1917. the shares of stock it holds
2 the Eastern Steamship Corporation
.syenth. the New Haven company
all sell on or before July i, 1919, the
~ elk IL holds in the Stamford rail-
, ~ the Westchester and the Shore
ue electric roads.
he decree further provides that
o ownership Of the Sound steamship
res by the New Haven shall not be
ssed upon until after the Interstate
g. mmerce Commission passes upon
no ROAD appllCdllOI " iCloih sum
nership
he New Haven company previously
sncelled its contractural relations
With the Boston and Albany, and dis
.used of its interest in the Merchants
nd Miners Transportation Company,
nd the decree provided that relations
Nth thes two companies shall not
q resumed.
AS a guarantee that control of these
rbsidiaries shall not fall into the
ands Of the New Haven company
ain the decree provides that none of
ue stock disposed of by trustees shall
" sold to the New Haven company or
Is stockholders or to any corporation
o he held in their interest. This, the
Iecree says, is to prevent the re-
establishing in any manner of the COM
,Ination and control which it is the
pose Of this decree to terminate.
Today's decree winds up the civil lit
alton connected with New Haven af-
rs Investigation of the criminal
asses Of the situation is being made
the Federal grand jury at New
0rk and il is indicated at the De-
.rtment OF Justice that indictments
Fainst former officials and directors
the road are expected at an early
ate