The Bridgeport evening farmer., 1914-07-17
New Haven Board
 Says No Surrender
 Of B. & M. Holdings
DIRECTORS TO FIGHT GOVERN nfENT IF DISSOLUTION SUIT
 IS PRESSED.
President Husts Announces That Road VIII Oppose Receivershtp on the Ground That It is solvent
 May 60 After Billiard

New York July 17-New Haven railroad directors decided yesterday not to surrender control of the Boston & Maine.
 Unless Attorney General N1cRey- holds recedes from his ultfmatum the government will today prepare to sue for the dissolution of the New Haven system
 The directors win also begin to clean house themselves As an evil dence Of good fadth they have taken steps to recover from John T.. Billiard the $2,74S.000 alleged to have been pany deal
 MT Ballard was one of the five ab- sent directors at yesterdays meeting The others were Howard Elliott, chairman; D. Newton Barney, Fred erfck E. Brewster and George F 8a- ker
 William RockefelIer whom physi- clans have usually kept from the wit ness stand. attended the meeting, He walked slowly. but wdth a firm gait.
 Asked for reply to the charges that the New Haven was wrecked while under the domination or him. self and Morgan, he replied:
 ssI never talk about business.s'
 His voice, though not strong. was loud enough for court stenoglapher ana fully disproved his phys1cianss statements that he cannot talk above whisper
 The tnterstafe cosnrnerce coan11liE- sion s scathdng report was discussed and referred to a cornmittee Of three-
 Although the report expressly charges that the directors of the Nor gan -ArelIen Rockefeller regime were responzible' for the loss oc $85, 465' '000. the ofnrial statement issued by Fres- ideht ETustis, who presided in place of Chairman Elliott, dismissed the sub ject without comment
 When MT. AGcReynolds was ir New York Tuesday 1t Is said he was ih conference with representat lives of the New Haven Whether MT McRey- holds agreed to their dem lands is not known, but many in Wall street be- lieve some new plan Is being c0nsid- cred by the department tof jl1stice
 The belief was strengthened by the statement from the directors yester- day. which said:
 sThe directors have neither reeeded from their position Cof refusing eo sell the Boston & Maine stock). nor closed the door to further negotiations.
 The New Haven directors again raised the point yesterday that the string attached to the sale of Esoston 5 hEaine stock by the State Of NLassa.- chusette would seriously impair it's value.
 New Haven attorneys ,are said to have advised that even if the govern u1eiat brought suit to co1npeI the sale of Boston e Maine, the attorney gem erhl would not be able to prove tllat the New Hayenss present operation Of the Boston & Maine violated the Shex- man act
 The directors discussed the conten- plated suit of stockholders for the re- covery of S125,00o. GOO from the direc- tors, because Of alleged faithleesless to their trust. and referred the letter Of Whipp1e Sears & Ogden, Of Bos- ton. attorneys for the stockholderas committee to counsel.
 The advisabtl1ty of federal rssceiv- ership to tIwart the government 5 dIs- solution suit was cohsddered It vzas finally decided to fight the govern ment in the courts
 The directors will not apply for nor will they consent to a receiver.shf ID, ,'' explained President James Fl. Hustis. The company is solvent It is earn ing it's fixed charges and Is able to meet its current obligations prompt Iy.'
 Brooker. Ansonia. Conn; w. Murray Crane, Dalton. Mass; T. De Witt Cuy- Ter. Philadelphia; James S. Elton Wa terbury Conn: James s. Herni nyzBay, Dr. Arthur T. HadIey and James H. Hustis, New Haven: Henry K Afc- Hsrg. Stamford; Edward MhlIfaar Hartford Francis T. Max1vell, Rock vile. Conn. John T. Pratt Morton < Plant and William Rockefeller, New ven; Sanduel Rae, Philade1phia Janles I.- Richards, Boston; william slxi11- ner, Holyoke. Mass, and Robert ". Taft Provfdeuce