The sun. [volume] (New York [N.Y.]) 1833-1916, 1870-07-02
THE GREAT RAILWAY DUEL
THE TIERCE sTRUGGLE BETWEEN
TIE GEhNIS.

The Origin OF the Cattle wnr-Uow vnnder-
bin IL Carrying Fisk and Gouid's Grain
still Further Reduction in Passenger
Rntcs-IIow the Lake shore Folks Manu-
fRcture Dividends.
The triangular duel between the grand trunk
lines is still the principal topic OF conversation in
railway and financial circles. The opinion prevails
That vanderbilt MAZE Tremendous mis- take in in.
volving himself In a contest with two such formida
bic adversarics a. the Erie and Pennsylvania Central
and the probabilities are that he will be pretty badly
used mp before he gets through with them so far
1t would seem that the Erie people alone are more
than enough for the venerable Vanderbilt, they
having 30 successfully chcckmaied his every move
ORIGIN or ruE CATTLE WAR.
Under the arrangements heretofore existing the
cattle trnnic from Buffalo was equally divided be.
tween tho Erie Pennsylvania Central, and New
York Central and the recent rupture resulted from
Nlrdorbilts undcrhand attempts I, get than his
share. The Commodore's first move in this direc
ton was tn ontor into contract with one OF
tnc 9rEc, clt,lcshippers Of TIE Pennsylvania Cen
tra by the terms Of which q large amouut OF stock
was 10 be diverted TO the New Yors Central That
arrangement completed, tho next step toward secu-
ring monopoly OF this important business was the
reputation Of the arrangements with competing
liues Vanderbilt, OF course expected the Ponnsyl.
vana Central folks TO yrumble little at being thus
cheated out OF their third Sat he fattored himself
they would not dare tn fight about Il ana to their
making common Cause with Eric against his high
handed proceedings. he never dreamed OF such n
thing. The Commolore's wnrmest admirers must
admit however, that he has pursued very narrow
ana ncar-sighted policy IN this connection.
ourwITTED AGAIN.
Exascerated at the hum.liatinr discovery that
Gould aud Fisk had taken advan age of the ruinuus
reduction Of the Central rates. and lad prolted
enormously by getting large quantities of stock
hauled to their Weehawkcn depot al his expense,
Vanderbilt yesterday issued order forbidding hi.
freight agents from taking Erie stock at any
lie hntg had 40 Ih.Er
last ca,tlo shipment before the order was issued.
II row transpircs that Gould and Fisk purchased a
oi Nanderbilts intention to reduce his rates, and
realized very handsomely by having II tran sported
over the Central ni ridiculously low charges.
PASSENGER RATES.
still further reduction In passenger rates seems
probable. At present the Eric line enjoys the
largest share OF travel between this and the West
PREVIOUS 10 the present rupture 1t has been custom
srv with The three great lines to make difference
of about 81 IN favor Of Now Yors as against Boston
The Central violated this arrangement by reducing
the Boston rate without consulting with the other
lines. The ohjcc, Of THIS dscrimna IN favor OF
Boston was TO prevent the Pennsylvania Central and
The Erie people have always favored New York,
and by way OF coune balancing tie rates they made
a corresponding reduction in their Western rates
mus maintaining difference Of 81 in favor of New
YORK; hence the rapid increase of their passenger
trafnc Finding their interests suffering BY the VII,
orous opposition their opponents are making in this
direction. the Central people are now anxious TO
back out q, their special ARRANGEMENTS for Bo-toh
AVID go back to tho old rates; but nasmuch as Tho
Centra commenced the fight the Erie aud Ponnsyl.
vanis Central chiefs are determined TO punish them
without mercy.
MORE WATERING.
Parties Interested In the Lake shore and Michigan
southern are lightning to that this road ever
fell into tae clutches OF Tic Vanderbilt party The
dividend NJ rer cent which was declared a week
aso has produced anything but the desired effect,
since some Of the principal stockholders have de.
cited to institute proceedings for the purpose Of
asccraining whether the Directors have legal right
TO pay dividends by increasing their bonds. ID is
notorious that the road Is not In condition to pay
dividends and parties IN interest naturally object to
this method OF mOrigasing tie PROPERTY.