The Bridgeport evening farmer., 1914-10-28
''NEW HAVEN
 ROAD TO CUT DIRECTORATE
Seventeen Members will Constitute New Board, After Election at Annual Meeting Today.
Chairman Elliott Questioned As to Manner of Norainat- ing Board and Radical Change Is Suggested

OuduR0 LIS 9ASSOSVON
 New Haven, Oct Stockholders of the New York, New Haven & Hartford Railroad met in annual meeting nere today and cast their ballots for a board of directors of IT, which is less in number than formerly, and upon the question of approving the action of the directors in executing an agree Eaent settling and terminating the suit of the United States against the com pany heretofore pending in the United States district court for the southern district of New York
 When a. recess was taken until later in the day, to permit the counting oi ballots, the expectation was that the following directors would be chosen: Frederick F Brewster, Benjamin Campbell, Arthur T. Had1ey and Ell Whitney of New Haven; w. Murray Crane Of Dalton, Mass; T. Dewitt Cuy4er of Philadelphia; Howard. Ell 9iotf James L. Richards and Joseph B. Russell Of Boston; J. Horace Hard ing and John T. Pratt, of New York; Frank w Matteson. of Providence; Francis T. Maxwell of Rockville, Ct.; Augustus S. May, of Bridgeport Hem ny K. McHarg, Of tSamfprd; Edward ATiIIhgan of Hartford and Harris W hit temore of Naugatuck.
 During the discussion of various matters by the stockholders it was
 
 that the secretary had in his posses sion proxies representing $50. 600 shares of stock or 100, GOO more than a ma- JorIty and it was understood then that the proxies would be cast for the pre- pared ballot. Beside the election of directors, the stockholders voted to approve t1ae annual statement of the directors for the year ending June 30 za914 authorizing a change in bylaws go thai the board shall consist of 1T
 
 vidfng for an executive comnnittee of nine members with such powers as. should be delegated to it by the direc- tors
 When the meeting was called to or Ger by President Howard Elliott, much less than half the seats in the han were occupied. 4 number of directors had front seats. After Secretary A. .fFs Clark had read the call, William L.. Barnett. offered a motion to accept the report of the directors which had been printed and distributed- Presi- dent Elliott said that opportunity was afforded to discuss the report.
 Hagop Bogigian, of Boston, called attention to that portion Of the re- port reviewing the negotiations of the department of Justice with the dfrec- tors and asked for further exp1ana- ton of this matter
 MT. Elliott said this was fully gone into at the April meeting. MT BogI- gian asked If 1t were so that the gov ernment had made confiscation of property Mr. Elliott said it was not SO What had been done was shown by the decree which had been filed in court as the result of the nego- tiations.
 Mr. Bogigian then asked if the agreement was ass favorable as the one spoken of in April. MT Elliott said the directors believed it was
 Much better?'' asked MT. Bogi- gian. I said better replied MT. Elliott.
 MT. Bogigian asked who norrainatea the directors, referring to the ns= of names on the stockholders baIiot MT. Elliott replied that the names were suggested to the directors. No one had the power to nominate a list.
 MT. Bogigian asked further if the new list was made up of men who are free from the ibid influences MT. Elliott did not understand what was meant but he said that years ex- perience convinced him that every director had been high minded and energetic in his desire to serve the company to the best of his ability
 Mir. Bogigian said that he and his friends were willing to trust the prop erty to MT. Elliott. He said the pa pers had printed much about the di- rectors being tsdummies. 2 He want ed a real director not an ornament. MT. Bogigian told of instances where persons had suffered by depreciation of the stock and added:
 Our experience has been bitter.'' ''
 He was followed by A. Maxey HiI- Ter, of New Haven. who offered the following resolution:
 'sResolveds that hereafter, the board Of directors of the New York, New Haven & Hartford Railroad Company shall consist of IS direc- tors who shall be elected annually by the stockholders of the said New York, New Haven & Hartford Rail- road company.
 ssResolyed, that hereafter the New York, New Haven & Hartford Rail- road company, through it's directors, officers, or employees, shall not send circulars to it's stockholders solicit ing proxies for a prepared list of di- rectors to be revoted for an annual meeting and that in place thereof circular with blank forms shall be mailed to each and every stockhoIdef asking them to nominate one or more stockholders of the New York, New Haven 6 Hartford Railroad company for the position of directors of the said company and that every name so nominated which shall receive a total vote of five hundred (500) or more shares of stock in the New Ycr1s, New Haven G Hartford Rail- road company, shall be printed on a paper ballot and submitted to the stockholders at the annual meeting and out of the said Hist the fifteen (15l names receiving the highest number of votes shall be elected as directors of the said railroad com 1snz for the ensuin g year,