New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1914-01-16
new HAVEN BOAP0
FOR DISSOLUTNM
Directors Unanimous \
Approving Pact with U. s
Attorney General.
WILL REIMBURSE
BOND SUBSCRIBER
Accept designations Of J. p. Mar.
gan and Two Others, but Do
Not Fill Vacancies.

Attorney General McRsynodSs pla, A,
the dissolution OF the New Haven Pa.
road system. as agreed 10 by chsir.r
Howard Elliott, received the unarIrn,
approval OF the board OF directors A 4.
company At a meeting in the m
Ravens Offices IN this city yes,srda, a.
ternoon.
Mr.. Elliott explained In detail the IN
Of the Attorney General, to which he N
agreed on behalf OF the company.
The directors also voted to return
subscriptions received for the NMs
s per cent convertible bonds. the issg.
which was declared unconstitutional y
the Massachusetts, Supreme Court b.
week. Provision was made, however N
an adjustment OF interest to The NJ
scribers on the basis OF 6 per cent
Mr.. Elliott made these snnouncsne1
lust as he was about to catch ne
o'clock train for Boston. where he w
10 meet his family for the first tine =
two weeks. lie also said the dire'sr
had not discussed any provisions y
meeting the si0,0oOoOo notes held W.
syndicate headed by ]. p Morgan saa
fall due May !.
The directors also accepted the re-
nations from the board OF J. p. Mopr
Galen l.. Stone, OF Brookline. Mas az
Edward Miner. OF Moosup, Conn
took no action regarding their succe'va
Mr. Elicit said he did not know WYE
two last named directors rssigneds
cent perhaps that Mr.. Stone was too ~
and Mr.. Miner was not In good nan
Mr.. Elliott is not expected 10 rs'un
this city from Boston until Tuesdss
the meantime. he said. he viii devon
time to the Boston 4 Maine H'uat'h
The dissolution plans OF the Aus''
General. as approved BY the New n'
directors called for the osneehsuH
rho Boston and Albany lease eH".
rehruarv I and the disposal OF the ~.
irss Of the New Haven i'm the soSes
Maine Railroad, the various uolN'
Steamboat lines. the control OF vhN'
held by the New Haven. with "e ~.
,ion OF those water lines the 'e''
of which is now under review by !"
,erstste Commerce Commission
The commission will determine 80
the retention Of the Fall River anu ~
Sound lines operated by the Nc.
will he prejudicial 10 the snippns
travelling public OF New EnSana
railroad releases its doninauns
ownership in the Merchants ana 40
operating twenty-five steamers ="
interest as a creditor in the h
steamship Company. &c which hns
Maine Steamship Company /"
The, details OF the dismemosf"s"
the New Haven system have oess
in the hands of the legal stan Oh ss
many and so intricate is the tSA -
one in authority would hazard
70 when the work will be comp''s -
The directors of the Connecu' 80
many. the Westchester street -
Company and the Milloroek an'
tonic companies also met yes'e'o. 4
only routine business was uansA'"
Elliott said. ..rvs<|
The New Haven directors VINO -
the dissolution agreement al
meeting were: ...,,r
Charles f. Brooker William s ~.~ ~
Newton Barney. Arthur ]. nA'' -
.rt w. Taft. James ;. Ei'on' -
Hemingway. A. Heaton Robertson. IA
rick = Brewster. Henry h Mc Ino,sss
T. billiard. George +. BAKER rdssd y
VII, cuyler, Howard Elliott Eay vsrt
ligan. j. III. Hustis. Francls, ~ M
Samuel Rea. Laurence MinoI W.
crane and John r. Pratt