, 1860-02-20

FINAL PROCEED INGS.


t1E llnflA11s1EalE&ta.1
The Chair stated that the meeting had been
called to adopt uniform rates OF freight from
Cincinnati to Western and Northwestern points,
which now became necessary By the opening Of
the Loganspors, Peoria and BurlingtOnn Kali
road.
TIE question was asked By the Chair whether
the Logausport Road had made through rates,
and if so, whether any gentleman had them.
Mr. Lord replied that ile rates had not yet
were to be; the meeting could not very well f1
through rates, as the Logansport Road was the
shortest line, mud would have tho right to make
them. After some discussion, yr. Lord offered
the following resolution, Which he thought
would meet the point:
R.solctd, That the lines represented here
agree to adopt the rates made by t,ogauspott,
Peoria and Burlington Railroad line to all
points where they compete, md pro. rata tile
same to Peoria and points west Of that.
Mr. Moore Of the Chicago, Alton St. Louis
Road. could not agree 50 far as his road was
| concerned to the adoption of this resolution.
1t would not be their interest to pro-rate with
the lines round by Chicago when they had
| mo1e direct connection with 1odiauapotis W
the Logansport road. Newas, however, willing
to ugfee to the proposition, provided Bloom
ington, Atlanta. Lincoln and Springfield we're
omitted, and he would giye the roads pro-
rating with them special arbitrary rates to this
point.
| Mr. Lord then amended his resolutions by
adding md pro.rate the same through indt-
annapolis, Lafayette aud Michigan City, to
which they are the shortest hne;" aud that It
should be understood BY the Cincinnati agents
OF the lines reaching Chicago, to except the
points named By Mr. Moore in their contracts,
and to which they should be furnished with
sse:ial rates.
rnls resolution, as amended, wns then
adopted.
| The transportation Of grain from Chicago ia
Cincinnati was next brought up. L was stated
that wheat was being brought to Cincinnati at
the oes ea5g sss
| Mr. Lord said the Illinois Central had made con
tracts at 90 cents, and that the wheat was conf
| ing over hts road vim Mattoon.
1lr. kuowlton stated that both the Michi9ar
Central and Michigan Southern Roads had re-
fused to contract ut 80 cents, rs the rate had
been fixed at 50 cents.
Mr. Lord replied that the rates between Gin
cinnati and Chicago were much higher in pro
portion 10 the New York rates. Soc from Chi
cago to C;ncinnatl was equal to SIC from C'n
cinnati to New York, whereas. the cut rent ratt
was only soc. Lie thought Soc paid the road:
| very well, but he should b. opposed to making
the rate any lower. lie said the rates of freigh
on grain between the two cities ought to b'
regulated, in measure, by the market price:
, | in those cities. His road had taken to Cincln
natl. for consumption there, several thousane
bushels Of Milwaukee aud Illinois wheat, bough
. | ia Chicago, which paid the roads Soc per hun
ired pounds. Had the rate been Soc, not ON
pound Of This wheat would have gone forward
u there would then have been no margin i,
. favor Of the miller. lie was in favor oil makiD:
| rate that would command the property. 81
long as it paid the road fair profit for its trans
poItalion. lie had for months declined all,
: through Eastern freight ut the present rates
!, aud could not loach this wheat except ut III
rcnunesative prices.
; Nr, Lil!ev asked how the rates were to b
regulated between the screra1 competing hne:
!, and what should be the minimum price.
, 3lr. knowlton suggested that the matter b
left to the Chicago agents Of tue several lines
who were on the gruunt. and that they coul
: meet and ayree among themselves when occa
sion required, upon rates- They could be COS
) erued by circumstances, and it the rates wer
made too low it remained for the lines to carr
the property or to decline it, or they nligl
.;Ye the agents rates beluw which they slioul
| not 90.
Without adopting any resolution to that ettte
, tie proposition OF suggestion seemed be agree
!. to By those present.
Tie next mattel discussed WIS propositio
by Mr. knowlton. to make uniform throus
: | rates to Philadelphia and Baltimore, via. tn
several lines out OF Chicago.
: IVES suggested that 1hs could not well
done at the present meeting, rs I'LL the line
: | we're not represented. 1t was, however, unde
| stood that in the meantime tue lines fcpre>en
ell should consider the rates agreed upon {
Clica % last september, in force until anotht
. meeting should he held, to adopt ne. rates.
. The Convention was in session trom = to
= the afternoon, aud adjourned as all RHilroa
:, | Conventions DO, without accomplishing inucl