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Show NEW HAVEN SYSTEM ! WILL BEDjSSOLVEB Agreement Is Reached Be tween Government and Board of Directors STATEMENT IS ISSUED Will Not Affect Criminal Prosecutions Heretofore Determined Upon NEW YORK Aug 11 An agreement ha been reached between the govern ment and the New York New Haven &, Hartford Rai oad company for the peace fu dlsso ut on of the New Haven sys tem accord n0 to announcement after a meeting of the road directors here ate today Pres dent Huest s res gned as a d rector of the New Haven as on Satu day le is to beepme pres dent of the Boston & Maine Chairman Ho ard i, ott was e ected pres dent of the New Ha en The es gnat on of John L B ard vas ac cepted Statement as Issued The statement issued after t e dl rector s mee ng sa d K. mee ng of the board of d recto s of the Ne v York New Ha en & Hartford Ra road company was he d th s af ernoon at the Qrand Cent a terminal After th ocJng Presi dent Hustls Nsa d that in pursuance of the hope expressed In h s statement of Ju y 21 that a way m ght st be found to accomp sh the peacefu d s so ut on of the propert es an agree ment ad been reached wh h 3 sub stan a y a renewa of the or gina agreement between e a torney gen era and the company n a 1 respects e cept as to the Boston SL Ma ne stock and s in accordance with the vo e of he stockholde s at New Haven Apr 21 1914 autho iz ng a set ement wi the government Ratified by the Board Pres dent Hustis sa d in conclus on that th s arrangement bav ng been accepted by t e atto ney gene a ad been rat f ed by the board of d e ors at tre mee ng today and that t e members of the board h ghly appre c ated the courtesy of the attorney general and h s co operat on in the r endea or to so ve the p ob em w h out inf ct ng unnecessary oss upon the shareho ders and to effect a re hab tat on ot the property in the in terests of the pub c WILL NOT AFFECT CRIMINAL ACTION WASHINGTON Aug 11 T e dec s on of the New Ha en ra oad d rectors o aree to a peacefu d sso ut on of that system w i not affect crim nal prosecu tfon of the road s d recto s off cia a of the department of justice sa d ton ght. The federa g and jury in New York probab y wi I get the cases ear y n Sep tember Department of just ce off c a s were asked some ime ago f there was any poss b e way to avo d f ght ng thei d s so ut on su t through the cou ts and the ep y was hat the on y way was to ca ry out the te ms of the agreement for d s -eolut on n ade months ago Attorney General McReyno ds however made h s demands rega d ng the separat on df the Boston &. Ma ne stronger than formerly Terms of Agreement In the od agreement the trustees we e o t)d the New Haven Boston & Mane stock fo two jears and a ha f Under t e present unde s and ng the trus ees w ho d tl e s ock for on y one year They wl be given evocab e pro es and exe c se every funct on of majonty stockho de s and owners of the prope tj and the. at o ney genera are ex peered to keep c ose wat to see that hey are n no wav interfe ed w h by the New Haven They a e e pected to d spose of t e stock n twe ve months but fa lure to do so upon reasonab e g ounds probab y would lead to an ex tens on of the time The Interstate commerce comm ss on under the present a rangement s to de c de whe her the New Haven sha 1 re ta n its nterest in its so called Sound steamsh p nes This was t e way th s ma ter wag taken ca e of n the o d ag eeme t but n the b 1 f ed n New York the cou t was asked to take these 1 nes from t e New Haven Separation Is Sought In the govern ent s b it s sought to separate the New Haven from t e o d New Eng and ra iway cons dered a v ta part of its ra system throug Connect cut and Massachusetts Th s was not in the or g na agreement nor in he pres ent one The who e ag eement w be en bod ed n a dec ee wh cl w 1 be accepted by bot t e government and the proper ra oad of f c a s and subm tted to t e Un ted bta es d st let court of New lork for app oval and record NEW DREADNOUGHTS NEARING COMPLETION WASHINGTON Aug 11 Two of the American navy s four new dreadnoughts now bu d ng were near y three fourths comp eted on August 1 accord ng to com pa at ve f gures issued today by the bureau of cons rue on The Nevada at the yards of t e Fore R ver Sh p Bui d ing company arid the Ok ahoma under cons ruct on by the New York Sh p Bu d ng company are most advanced v th a respec ve percen age of comp e Ion of 72 4 and 72 6 The tota percentage of comp et on of the Pennsylvan a bu d ng at Newpo t News Is 42 and that of the Arizona at the New York navy yard is 24 4 |