New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1914-07-18
new HAVEN WAITS
WASHINGTON MOVE
Contest with Federal OFF,
cial Considered Draw
in Financial Circles.

After their action OF Thursday IN
deciding to stand on their position
in regard 10 disposing of the Boston
e. Maine, officials of the New Haven
Yesterday were waiting for some move
from Washington. Officially nothing
was forthcoming. Unofficially it be
came known that the views OF the
members of the board as expressed
at the meeting had been transmitted
to the President and TO Mr. Mickey
nolds.
In financial circles the opinion pre-
vailed that the contest between the
government and the directors was
prettv much Of a draw, with the posi-
ton favoring the New Haven, If
either side. There was no DISPOSE
ton TO criticiso the management for
the position it had taken to conserve
the interests of the stockholders IN
the New Haven and Boston d Maine
companies.
The proposition that the Attorney
General. representing the President
has made to the New Haven is I'M
derstood to involve the acceptance by
the road of the Fisher Ellis bill.
passed in the closing hours of the
Massachusetts, Legislature, which
gives Massachusetts perpetual OPP
ton on the Boston e. Maine, the ad-
ministration on its part promising 10
use it's good offices with the next ses-
sion Of the General Court of Massa-
chusetts to amend the law so as to
make il more satisfactory TO the New
Haven.
This would leave the actual situa-
ton, so far as control of the Boston
& Maine is concerned. exactly where
it is until the Leg stature meets next
January. The directors OF the ROAD
EXPRESS inability TO see where any
thing is to be gained by agreeing 70
the Presidents wish, especially AS
there is no very good reason Tor
thinking that the President can carry
out his part of the programme.
New Haven stock was strong yes
,erdav. though il was still apparent
that there was a large short interest
outstanding. that for the present At
least had become locked IN. ne
stock continued TO loan at premium
Boston SPECTATORS who were sup
posed 10 have had advance informa-
ton Of the filing of a SUIT IN thao
city were borrowers
The dispatch from BOSTON that 'u'
granddaughter Of Ole Bull. the famous
violinist. was the nominal plainuh III
a suit 10 place the New Haven IN me
hands Of a receiver. and TO recover
from the directors vast sums which, II
was alleged. their carelessness or
neglect was responsible for the loss Of
by the company, created not a ripple
in the situation. This is the SUIT
which Sherman l.. Whipple has been
threatening 20 bring for some time.
The real plaintiff is believed to be a
Boston banking house that has had
considerable TO do with New Haven af-
fairs.
In this city Alvin G. Cass, lawyer,
Of Sc william St. arranged TO meet
Joseph W. Folk, solicitor OF the Inter
state Commerce Commission. on Mon
day in Washington and present 10 him
evidence bearing upon New Haven al
fairs. Beyond saying that he repre-
scented some stockholders. with a
grievance, Mr.. Cass refused to discuss
the matter or say who he represented.
Wall Street had the impression that
they were in some way associated with
the Charles W Morse interests.
Morse, who blames everybody as
ISOLATED with the old management Of
the New Haven for his being sent to
prison at Atlanta. has been behind
much litigation aimed at New Haven
steamship interests.
James II. Hustis, acting chairman
Of the New Haven. was busy at his Of
fees during the day. He did not get
around TO appointing the committee 10
reply to the Interstate Commerce
Commission. but will probably an
nounce its makeup early in the week,
when he returns from New Haven.