The Salt Lake tribune. [volume] (Salt Lake City, Utah) 1890-current, 1914-03-20
POUR IN
FROM CONNECTICUT
Continued Agitation of New
Haven Railroad Affairs
May Result in Disaster.

WASHINGTON, March l9.-Ihe in
terstate commerce commission IL tag
ing preliminary steps TO detGTnlne
whether investigation or new haven
financial affairs is necessary 10 ae'
velop information called TOT IN feeo,
lution by Senator Norris, WHICH "ae
passed on February Z.
what became of New Haven money IN
vested in various enterprises, whether
anv persons authorizing these invest
ments are liable to punishment,
whether any money. so invested can pe
recovered for stockholders and wna1
ture transactions of a like character
The senate, however, especially pro.
vided that the commission need not
dunlicate the work of its original M
vestleatlon. Some commissioners are
of the opinion that the opinion asked
already had been developed as lar as
! the commission may do so ana tna1
further inquiry is unnecessary.
No Conclusion Reached.
II has not been determined whether
bearings will be held or whether VII
nesses will be summoned.
| NEGOTIATIONS between the department.
If Justice and the New Haven railroad
Will be resumed tomorrow. 1t was be-
lieved today a settlement woulo oe
reached within few days.
f NJ. Swacker of the department OF
Justice, returned today from New Eng
| land where they have been gathering
] first.hand information about men sug.
pested as trustees for the Connecticut
and Rhode Island trolley lines, which
! the New Haven is to give up. Ihey
declined to comment on their trip, but
- Il <hot fho u n n
aud the New Haven were about to
agree on the personnel Of those boards
/ lnat has been the vital point in the
efforts TO reach settlement and II
it is cleared up little difficulty IN ar
ranging other details is expected
Business Men Protest.
Protests by banks, trust companies
and boards Of trade IN Connecticut
against continued agitation OF New
Haven railroad affairs were presented
to the senate today by Mr.. Brandegee
OF Connecticut. The general tenor OF
the protests was against dissertation OF
steamship aud trolley lines and the
New Haven and against agitation be
cause of losses TO savings banks, trust
companies and endowment funds OF
charitable and educational institutions
Of the state.
Senator Brandegee said be did not
feel at liberty to confer with the at
torney general on behalf of his con
stltuents,' because the duty rested with
the attorney general alone to determine
whether ac1lons should be brought
under the Sherman law.
"The directors Of the road are en-
trapped" said the senator. '' AS Gus
todians for the stockholders they vii
be censured if they part with property
they are not required under the Law
to give up. If they. resist the course
of the government, they may plunge
the property into years of litigation. -
A great transportation system, domi
mated by one strong man is always II
some danger. His death may disar
range it. J; PierPont Morgan 5or, sor,
Haven & Hartford railroad. HI
largely shaped its policies and directed
its finance. His death unshipped tbs
rudder. The boat is now lying IN tho
trough of the sea.
The federal authorities seem to bt
asking too much. If it is deemed
necessary to require the sale of any Of
the property Of the road, it ought tc
not to the best advantage at least al
fair price. 1T is no case for ar
auction sale, rain or shine, under rec
flag
Governor Baldwin condemned tht
tendency to govern by federal com
missions and Investigating agepcie!
composed of men who know little oi
the wants of community.
OF the trade regulation bill the
governor said that. judging. from
newspaper reports, "it would be un
favorable to the commercial dealings
of Connecticut with her sister states
It has been stated that it is to apply
to all interstate corporations with 8
capital of FIVE million dollars and such
other corporations as the board may
think proper to include. That strike:
me as too great q power to leave with
anv board -