The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1854-12-13

VIE :. xisdssvlls; Insurance and Banking CompAn, q
The Cleveland papers give the following .ummaryo
the proceedings Of the railroad convention lately heidi
that city,
Resolutions were passed that no runners should be
employed commission allowed for procuring passsn
gers that except At certain cities named Of which Gin
vt the depot and In the judgment OF this convention
general ought 10 be issued after the first Of jan
ns next y any company except to the president ss
agents. and lost baggage masters roads with which
any such company may have ticket freight arrange
to be ssued upon the Of the saperntendent
Of the road BY which the said agents and baggage
Lsngthy resolutions were passed upon the subject Of
essnt pssssngers The sixth declares that the fare
New York TO sandusky sl4 es: Cleveland SIS; Detroit
Sls Chicago ga Ipdsp.pos go; Cincinnati s,s 80;
and Bslefontane sls Dayton via sandusky 49, Toledo
yiIis Ohio and Mssissppi Sai; Ioui.vs, isds.n.po.
committee was appointed to settle all matters con-
nected with claims for patent rights
formed Why the rates of travel were advApssd. Prom
the statement this subject gather that ths com
m,' a:s sss
been IMPAIRED frauds have been perpetrsted reports OF
companies received with disrust and dividends with
susp ion, and few investments are now made In such
securities with any expectation realizing regular and
certain dividends.
Dividends have been paid before they were earned.
Competition has brought prices below remuneration.
"1hs popular opinion that reduction Of rates leads
10 increased business and enlarged receipts Is rars
true The experience OF most roads indicate that the
rates have been too low for remuneration Temporary
advantage to the public is sometimes purchased BY in
jury TO the stockholders The expenditures have
Gently increased the higher prices OF labor and
rial On the same grounds the companies wi ,: led to
pe the m.s 10 esg M the
pensaton being often below that Of freight. The fol
lowing resolution Is good one:
Thatt be recommended to the several companies here
represented to memorable their respective Legislatures
toprovde suitable penal enactments for the punish
ment Of railroad employees TO whom entrusted the
enforcement Of rules and regulations for the preserva
ton Of persons and property and who by wfu neglect
disobedence OF such rules and regulations produce
coll ons other accidents, by which life is taken
imperilled, or property destroyed.
II resolved That the tariff Of freight between New
York and Poston, and Cincinnati shall not be less than
the following rates list class 81 75 I'd class, 81 90
30 class, 81 Fecm the same places to Chicago. s2,
to Louisville via Tnoanapos, 81 So 81 20, and 81 az
provided that the prices from New York and Boston to
Cleveland and vice versa On freight to ard from In
dianapolis, be the freight to and from Gin
cinnati.
1t also resolved That neither Of the lines win give
guarantee to trar sport merchandise from New York
Boston to Buffalo Suspension Bridge Dunkirk IN less
time than six days, Sunday excepted; Cleveland eight
increase sy II Ans r that the
foregoing prices and conditions shall not be altered with
out the consent Of all parties IN interest," the calling
OF convention at convenient point, to annul or
nd the same for the calling Of which convention at
least fifteen days notice shall be given.
Any company desiring to withdraw, make any
change, thirty days notice are to be given
The convention adjourned to meet Mt the NonOnga-
hea House, Pttsburg, the second Tuesday Of March
next.
There present the representatives Of thrty-one
different roads including the Boston and Worcester and
Western, Mass New York Central New York and Erie;
Baltimore and Ohio Buffalo and Erie; Cleveland and To-
ledo; Chicago and Rock Island Michigan Southern and
Northern; Cleveland, Columbus and CINCINNATI Little
Miami; Hamilton and Dayton indianapolis and Bellefon
tame, and Ohio and Mississippi.