The Sentinel=record., 1914-03-22


 raod shall be permitted to retain the Sound lines will be submitted to the l interstate commerce commission for the determination under the proyi- i sions of the Panama canal act.
 6. "The Berkshire troll ays shall he sold within five years from July 1 1914.
 '. "A decree embodying the fore going shall be entered in the United States district court for the south ern district of New York. Ihe decree further shall provide that on apiiica- tion of the New Haven railroad for the trustees and for good cause shown the time within which any of tte above mentioned stock snail be soil may be extended by the court.
 "Trustees satisfactory to all par ties have been suggested Those pro- psed in connection with the Boston and Maine stock have sig1iiied their willingness to serve and their names are:
 Marcus P. Knowlton and James l.. Doherty, Springfield, Mass; James l.. Richards and Charles P. Hall. Boston, and Frank P. Carpenter, Manchester N. 1T. Names of the others will not be made public until acceptance by them is fully assured.
 "The essential reason for placing the property in the hands of trustees is to secure their immediate inde- pendent managements.
 "The outlines of the proposed de- cree and trust agreements have been discussed and are understood. Their verbiage remains to be worked out, but no difficulty is anticipated in that respect.
 "This statement has the approval of both the attorney general and the representatives of the railroad"
 Chairman Elliott said:
 "Tn the judgment of the directors general business and financial condi- tions in New England were such that it seemed wiser to make settlement rather than face a general disaolu- tion suit
 "The financial conditions confront ing the company are most difficult, but it is hoped this adjustment with the government increases the proba' bilfty of handling 'the matter success fully and this vital question will be raken in hand by the directors at 'once."
 Tonight's agreement marks the sec ond victory Attorney General Mickey saolds las won without litigation in his efforts to have "big business" ad- just itself to the Sherman antitrust hct. The complexities in untangFing the New Haven were said to be vast fly greater than in any previous nego- citations.
 The announcement shows that with in the last few hours the New Haven was grained certain concessions for which it made a strenuous fight. The length of the trusteeship for the Boston and Maine stock owned by the New Haven was held to be one such concession, the decision to leave the disposition of the so-called sound lines of the New Haven to the inter state commerce commission another.
 The department, however, it was pointed out, has arrived at definite understanding for the dissolution Of an alleged monopoly which has been hanging fire and under investigation for years and for which once was in the courts as violator of the Sher- man law, but which never before nas been brought to the point where such demands were made it and accepted,
 Before the announcement was made public tonight the attorney general had a talk with President Wilson and it was understood outlined to him the plan which later was ratified