OCR Text |
Show NEW 11 TO HAVE ONE MORE CHANCE Conference With Attorney General Monday, Further Delay Improbable WASHINGTON July 18 The New ilaven railroad is to have one more chance to avo d an ant trust su t At torney General McRcyno ds today agreed to a conference Mou lay w th a comm tteo of the road s d e tors President Ell ott of the New Haven made the appo ntment but his tele gram d d not give the names of h s comm ttee nor expla n what new plan might be ottered The only po nt n controversy between the department and the ra lroad is how ts Boston & Ma ne stock shall be sold The Massa chusetts leg slature put a cond t on on the sale of the stock The cw Haven directors have agreed not to accept that cond t on and Mr McRe no ds s n s st ng that the oond tion be accepted How the committee expects to compose the d ff culty no offic al here today wou d predict It was corta n however the department would not agree to any eolut on providing that the Boston & Ma ne be sold Both the attorney general and Pres dent Wilson have taken the pos t on that the Massachusetts condit on s not unfair and does not violate the d ssolu t on agreement between the depart n ent and the railroad It was po nted out that the Jew Haven committee might ask a delay n til next winter so the Massachusetts legislature m ght have an opportun ty to remove the cond t on Altho gh Mr McPeyno is has stayed his ant trust suit for n ny months and spent weeks in conference it was understood here today hat he would not consent to such a delay Failure of the committee to present some plan acceptable to the lepartment probably wo Id be fo lowed aln ost immediately by the fil ng of the long delayed laws t NEW YORK July 18 Su t in equ t was instituted here today in behalf ot erta n m nor ty d rectors of the road an 1 the corporatio to compel them o answer charges of maladn in strat on and m suse of funds The su t wh ch ia brouvht by the law firm of Rob nson & La ber of th s c ty s somewhat s m lar to the act on n Boston wh ch den ands rest tut on of $306 000 000 of wh ch more than $100 100,000 was alleged to have been m s used One of the two c aims mado asks that the indiv dual defendants be com pelled to account for all b ms of money and shares of stock misapplied and n is appropr ated anr" all profits wh ch they rece ved by reason of unlawf 1 acts Tl e da m asked that the defendants be enjo ned from further management of the system |