The Washington herald., 1914-10-18
new HAVEN ROAD
IS UNSCRAMBLED
Three Sets of Trustees APP
pointedto Dispose Of
Stock.
ARE T0BEc0ME OFFICERS
Government Suits Against Rail and
Trolley Lines Dismissed-Parent
Company Disposes of Holdings. (
ARE TO BECOME OFFICERS

New York. Oct. 1.-THE decree agreed
upon for the. dissolution OF the New
York, New Haven and Hartford Rail-
road Company was filed today in the
Federal Court ahd was signed by Judge
Mayer. Under the terms Of, the decree
three sets Of trustees are appointed to
take charge of the disposal Of the Sc
curities various companies. held by the
New Haven. -
The first set of trustees is to take
charge Of the New Haven holdings OF
the Boston and Maine Railroad. The
second set is toS have charge OF the
I. New Haven holdings OF trolley lines in
New Hampshire. and the third OF trolley
holdings in Rhode Island.
Attorney General Gregory states that
the trustees are to be made officers OF
:, these properties and viii have charge OF
the disposition as provided for by the
decree.
Trustees Effective at once.
The first set Of trustees is Marcus P.
Knowlton. Henry B. Day, James L.
Doherty and Charles P. Hall. all of
Massachusetts; Frank P. Carpenter. Of
Manchester, n. H
Acting as trustees they will have trans
ferred to them Immediately by the New
Haven s1.O65 shares Of common stock
and 24I,ss9 shares OF preferred stock. be-
ing all Of the common and all but ap-
proximately 5000 shares Of the preferred
stock Of the holding company, the latter
being holders of 6,54S shares Of the pre-.
ferred and 219.lS9 shares of the common
stock Of the Boston and Maine Railroad
Company r
The second set Of trustees Is composed
Of William c. Noyes, L. B. Brainerd.
Charles Cheney, G. Z. Hill and William
w HYDE.
The navigation company in accordance
with the decree will at once assign and
transfer to these men as trustees 100000
shares of the capital stock Of the Con-
necticut company. -s- -.
The third set is Rathbone Gardner, ].
o. Ames, J. P. Farnsworth, T. F. Green,
and c. n. Mumford, all Of Providence.
As trustees they VIII have assigned to
them 96,S5 shares Of capital stock OF the
Rhode Island company and the naviga-
ton company VIII assign to these trustees
s,1S2 shares Of Providence and Danielson
Railway; also, $500, 900 bonds OF this COM
pany; 1000 shares of Sea View Railway
Company, and 500, 900 bonds Of this COM
pany.
Court May Extend Time.
The decree stated that the New Haven
has cancelled its contract with the New
York Central for sharing the financial
result of the operations of the Boston
and Albany Railroad and has disposed
of its interest in the Merchants and
Miners Transportation Company.
The time within which the sale Of the
holdings is to be made, the decree states,
may be extended in each case fixed by
the court, for. good cause shown upon
the application Of anybody or trustees,
but such application is to be made not
less than four months before the expira-
ton of the period then fixed, except in
an unusual emergency.
The court found that the defendants
are parties to combinations in restraint
of trade and commerce among the sew
eral States and with foreign nations and
had attempted 70 monopolize and now
are monopolizing, a part of such trade
and commerce. 81. 30
The defendants represented by Moor
field Storey, acquiesced in the filing of
the decree after a stipulation had been
suit against all the defendants, the New
Haven, the New England Navigation
Company, the Boston Railroad Holding
Company, and the. Providence and
Danielson Railway Company.
The navigation company shall sell on
or before July !. 1919, the rights to the
capital stock and other securities of the
Shore Line Electric Railway Company,
a New York corporation. and gold notes
of the New England Investment and Sc
curity, Company to the par value of $l2,-
70q O00