The Sentinel=record., 1914-07-14

raj road corporat1o mas 1t is personal | ly to rob an individual."
 Of all the millions lost to New
 Haven stockholders, the commission estimates that possibly $S,000, 900
 may be recovered by proper action.
 Evidence in it's possession tending to show violations of the laws of New York, Massachusetts and Rhode ls- land has been turned over to the proper executives in those states. The department of justice has been furnished with a complete record of
 the testimony secured by the com mission, but there is no federal stat ute under which the government can aid the stockholders in recovering
 any of their losses. A suggestion is made that any expenditures in viola tion of the antitrust act were beyond the powers of the directors and raises the question of whether the directors may not be he'd personally responsible to satisfy any losses wlich resulted.
 ll it's investigation the commission found that the New Haven had 336 subsidiary corporations, many ot which served no purpose except "an evil one" The report, pointing out that on the New Haven board were representatives of the Pennsylvania Railroad, the New York Central ran, road, the United Steel Corporation the Standard Oil Company, the Pull man Company and many other inter- ests, says that interlocking directo-
 rates of this sort cannot be too strongly condemned.' This, it was
 suggested at the capitol during the
 day, probably will have it's effect
 upon the trust legislation now before
 the senate, and may end the talk
 about leaving the provisions aimed
 at interlocking directorates out of all
 the senate antitrust legislation.
 The commission discusses the
 question of immunity which may
 have bee lgiyen to witnesses against
 criminal prosecution by the govern
 ment which led the department Of
 justice to urge caution in the conduct
 of the inquiry. It declares that only
 such witnesses as seemed necessary
 were summoned and says that evi-
 dence of "wrongdoing such as was
 disclosed is difficult to obtain; that
 such transactions are conducted ia secret and in the darkness" and
 finds full justification for it's action in the resulting discoveries.
 The insuring of honesty through the management of the greaat rail roads of the country is a most i'm. portaat question before the people
 today" says the report in conclu-
 sion, and only when through expos ure of wrongdoing and awakened pub lie conscience, coupled with effective laws that results are produced, may railroading be placed on the high level that it should occupy. The rev citations in this record make it essen tial for the welfare of the nation that the reckles sand profligate financier- in gwlic hhas blighted this railroad system be ended, and until this is fully done there will be no assurance that the story of the New Haven will not be told again with the stock. holders of some other railroad sys tenn as the victims"
 Evidence that agents of the com.
 mission did not have an easy time se- curing information was filed with the report. July 9, D. E. Brown, account ant of the commission, wrote to Commissioner McChord, who has di rected the investigation that his er forts to get at facts about the New Haven had not been met in a friendly spirit by ]. P. Morgan x Co. Brown wrote that full access to the Morgan records had not been granted him as had been promised, said he was un
 able to say whether he had been al lowed to inspect all New Haven transactions on their books and was
 given only such correspondence as the firm submitted
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