The sun. [volume] (New York [N.Y.]) 1833-1916, 1914-07-17
Washington Hears Dissolu.
ton Action Will Be
Filed in New York.
BOARD STILL OBJECTS
TO BAY STATE PLAN
Decides to Take Action to Re-
cover From Billard-No Res
ignatiOns at Meeting.

There were indications after the
Haven road yesterday that fresh ncgo-
tiations in some form have been entered
into between the company. Attorney
General McRcynolds and the Massa-
chusetts 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 and the official
statement issued contented Itself with
saying that they have not closed the
doors to further negotiations" Othee
things supplemcnting this statement
all beginning Monday and ending within
half an hour Of the meeting, were
pointed out as evidence of the fresh
start to solve the problems.
The statement. however, did contain
several other definite assertions.
one was that n committee Of The
directors under advice Of counsel is taxi
ing steps to recover whatever money
may be due to the company from the
John l.. Billiard Company. This was
taken TO mean a lawsuit for the re-
covery Of tho greater part Of the So
100000 which Billiard admitted to the
Interstate Commerce Commission he
made for his company out of his Bos-
ton and Maine transaction OF 1O9.94S
shares, which he bought at l25 from
the New England Navigation Company
with money supplied by the selling COM
pany, disposing of i, later to the New
Haven at profit of s25 share
MeIIen Not Involved.
The statement announced that the
comsany was to get the money from
the Billiard company or persons con-
nected Herewith" When II was asked
whether Charles s. Mellcn was one OF
the persons SO connected the answer
was that Mr.. Billiard had never men,
toned the eX- president as a person who
profited by the deal with him.
The directors reiterated their intrn-
ton not to comply with the dissolution
agreement with the Boston and Maine
so long as the stock option" Foster.
Ellis law of Massachusetts stands In
the way OF stock sales.
They reiterated their intention TO night
off all attempts to force roceivership
and will not apply for receivers them
selves
They declared that no designations had
been presented 70 the board. but did not
say whether or not the resignation Of Mr.
Billiard had been received by any oftcer
OF the board.
\ committee Of three members IL to he
appointed TO take into consideration the
report OF the Interstate Commerce Com
mission on Monday to report conclusions
at some future meeting
Regarding the letter Of Messrs. Whip
pie. Sears and Ogden of Boston that they
were to sue the directors made public at
the same time, It was referred 10 the
counsel for the road.
Seventeen Directors Attend,
day. coming when rumors were freely
circulated about receiverships, dissolution
suits and criminal prosecutions took saw
cnteen Of the twenty three directors NJ tho
company TO the Grand Central Terminal
early yesterday afternoon.
Present we're Charles 7. Brooker. ex-
Senator W, Murray Crane, 7 De Witt
Cuyler, James s. Elton. James $ Hem
mingway, President Arthur r Hadley OF
Yale, acting Chairman James II. fIustis,
Henry n McGIars Edward Millsan,
Francis =, Maxwell. John r. Pratt, Will
lam Rockefeller. A. Ieaton Robertson.
Samuel Rea, James L. Richards, William
Skinner and Robert W. Taft
The absentees were George f. Baker.
who IL abroad Howard Elliott, Who Is In
the Maine woods Frederick u. Brewster.
who is in Newfoundland Morton r. Plant.
u. Newton Barney and MI Billiard,
Mr. Rockefeller went TO tho meeting
evidently by great effort. lie did not LOOK
| well and leaned heavily on his cane as he
walked down a corridor.
The meeting lasted FOR about two hours.
after which those who were not on sub
committees or members Of boards Of sub
sidiary companies went away They
would not say word. The formal state
ment announcing the steps taken In the
meeting came later.
| At the outset /; was said that Chair
| man Elliott. who is up In Maine Il not
| IN. but is taking vacation on leave o'
absence and will return August 10.
II was apparent after tire meeting that