IN RE NEW YORK, N. H. & H. R. CO.

No. 16562.

54 F.Supp. 631 (1944)

In re NEW YORK, N. H. & H. R. CO.

District Court, D. Connecticut.

March 6, 1944.


Attorney(s) appearing for the Case

H. J. Wells, of New Haven, Conn., for bankruptcy trustees.

Robert H. Hopkins, of Boston, Mass., for City of Boston.

Major Fred N. Oliver and Willard P. Scott, both of New York City, for Mutual Savings Bank Group.

John L. Hall and James Garfield, both of Boston, Mass., for the principal debtor.

Foley & Hoag and F. A. Boudreau, all of Boston, Mass., for Boston Port Authority.

Colonel Henry W. Anderson, of Richmond, Va., and Curtiss K. Thompson, of New Haven, Conn., for the Institutional Group of Boston Terminal Bonds.

Joseph B. Ely and Richard Ely, both of Boston, Mass., for Protective Committee for Old Colony Railroad Company Bonds.

Mudge, Stern, Williams & Tucker and Paul D. Miller, all of New York City, for the Group of Banks Holding Collateral Notes of the Debtor.

Davis, Polk, Wardwell, Sunderland & Kiendl, Edwin S. S. Sunderland, Judson C. McLester, Jr., and Spencer Byard, all of New York City, for the Insurance Group.

Root, Clark, Buckner & Ballantine and Owen D. Nee, all of New York City, for Bank of New York, Trustee under the New England R. R. Co. Consolidated Mortgage.

Frank & Gonnet and Arthur Frank, all of New York City, for Protective Committee for Holders of First Mortgage Bonds of the Boston Terminal Co.

Stewart & Shearer, McCready Sykes, and Francis R. Curry, all of New York City, for United States Trust Co. of New York, Trustee of Harlem River & Port Chester Mortgage.

Henry S. Drinker, Jr. and Edwin A. Lucas, both of Philadelphia, Pa., for Pennsylvania R. R., Common Stockholder.

J. J. Kaplan, of Boston, Mass., and Parker McCollester, of New York City, for Boston & Providence Stockholders Committee.

Robert E. Smith, of New York City, for Protective Committee for Holders of Common and Preferred Stock of New York, N. H. & H. R. R.

John B. Grant (of Watrous, Gumbart & Corbin), of New Haven, Conn., for City Bank Farmers Trust Co., trustee of the First Mortgage of the Central New England Ry. Co.

Robert H. Davison, of Boston, Mass., for Webster & Atlas National Bank of Boston, trustee under the Indenture Securing the Boston Terminal Company Bonds.

Damon E. Hall and Rutherford E. Smith, both of Boston, Mass., for Savings Bank Group Committee Boston Terminal Bonds.

Appleton, Rice & Perrin and Clifton S. Thomson, all of New York City, for Bank of the Manhattan Co.

Beers & Beers and William L. Beers, all of New Haven, Conn., for Bondholders Committee Boston & New York Air Line Bonds.

FitzHugh McGrew, of New York City, and Frederick H. Wiggin, of New Haven, Conn., for Bankers Trust Co., trustee under the First and Refunding Mortgage of the Principal Debtor.

James L. Homire, of New York City, Cummings & Lockwood, Counsel of Record, and Frederick Miles, all of Stamford, Conn., for Reconstruction Finance Corp.

Charles A. Coolidge, of Boston, Mass., for Old Colony R. Co.

Robert T. Bushnell, Atty. Gen., and Arthur E. Whittemore, Sp. Asst. Atty. Gen., of Mass., for the Commonwealth of Massachusetts.

Ferdinand D'Esopo, of Hartford, Conn., for Ferdinand D'Esopo, Jr.

Davies, Auerbach, Cornell & Hardy, H. C. McCollom, and Herbert A. Heerwagen, all of New York City, for Irving Trust Co., as Trustee under Collateral Trust Indenture of The New York, N. H. & H. R. Co.

Roland H. Parker, of Boston, Mass., for Special Railroad Commission of Massachusetts.

Bentley W. Warren and Donald C. Starr, both of Boston, Mass., for Boston & Providence R. R. Corp.

William J. Kane, of Baltimore, Md., for Railroad Credit Corp.

John E. Westerlund, Jr., of New York City, for New Haven Refunding Bond.

Edgar Turlington, of Washington, D. C., for Housatonic Bondholders Protective Committee.

Cornelius Hearn, Jr., for Cornelius Hearn and others.

Daniel Pingree, of Andover, Mass., for Group of 5 Old Colony Stockholders.

Guggenheimer & Untermyer and Hays, St. John, Abramson & Schulman, all of New York City, William H. Foulk, of Wilmington, Del., and John H. Breen (of Hays, St. John, Abramson & Schulman) of New York City, for Independent Bondholders Reorganization Committee.

Harold E. Staples, of Providence, R. I., for Rhode Island Hospital Nat. Bank.

Charles S. Clark, of South Duxbury, Mass., for Town of Duxbury.


HINCKS, District Judge.

The plan contained in the Fifth Supplemental Order of the Interstate Commerce Commission, which is now under consideration, leaves undisturbed New Haven equipment trusts, $15,000,000, and certain secured bond issues, $21,500,000. In addition, it deals with claims against the New Haven, secured and unsecured, amounting to upwards of $325,000,000.1

The only creditor opposition to its disposition of this great...

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