Newark evening star and Newark advertiser. [volume] (Newark, N.J.) 1909-1916, 1914-01-07
REORGANIZATION
GETS OPPOSITION
Boston Chamber of Commerce
Protests Against New Haven
Giving Up Ships.

| WASHINGTON, Jan. 7.-Reor.
ganization of the New York, New
Haven and Hartford railroad took q
new turn today when a COMMITTEES
representing the Boston Chamber oil
Commerce presented the views of that
organization on the whole Transports
ton problem in New England to At
| torney General McReynolds.
| The committee was introduced by
Senator Weeks and consisted of
George Hutchinson, C. F. Weed and
| Russell Robb. T. w. Gregory, the
special assistant who has had charge
of the New Haven case, was also
present.
| The Boston committee told Mr. Nc
Reynolds that it had no objection to
a separation of the New Haven from
the Boston and Maine, the Boston
and Albany railroad and from its in
terstate trolley lines. But it was said
| to have taken the position that the
question of the disposition of the New
Ravens steamship lines should be
solved by the Interstate Commerce
Commission. The Panama canal act
gives to the commission authority for
/
such action
Chairman Elliott, of the New Ha-
ven, did not appear at the conference
today, and it was said he was work.
| ing on a draft of an agreement COM
plying with the demands of the de-
partment of justice for a reorganiza-
| ton.
, About the only point left in doubt
today, it was said. was the question
IA hnVu n "a 70 tho itnf a To and
intrastate trolley lines controlled by
the New Haven, but it was believed
that point would be adjusted before
Chairman Elliott leaves Washington.
The encouragement went over con-
ditions in New England with the bust
ness men and discussed how reor-
ganization of the New Haven would
affect that section. He told his callers
he was anxious to better conditions
and that all the department wanted
was restoration of competition.
The Bostonians declined to COM
ment on their visit further than to
say that it had been satisfactory.
Attorney General McReynolds said
the Boston business men discussed
particularly the extent of holdings of
Boston and Maine stock and stock of
other corporations affiliated with the
New Haven in that section. They
We're fearful of the effect a receiver
ship for the Boston and Maine might
have on business conditions in New
England
In answer to a question the attor-
ney-general made it plain that the de-
partment has not yet determined
whether it would prosecute criminally
former officers and directors of the
New Haven road That question, he
said, would be settled after the reor-
ganization problem had been worked
out.
The department of justice issued
this statement:
1.-The department of justice is con-
stantly receiving letters inquiring why
it does not direct the prosecution of
officers and directors who have been
responsible for the financial irregu-
larities in the management of rail-
roads, as disclosed from time to time.
''These inquiries proceed from mis-
taken but a very common view of the
powers of the department of justice.
There is no law under which it can
prosecute the officers, directors or
other agents of a railroad company
for improvident or dishonest manage
ment of the financial affairs of that
company since Congress has not un-
dertaken to regulate the issuance of
securities by corporations created by
the States, or the conduct or fiduciary
relations of their officers, but has left
those matters to the States, respec-
lively