The Rock Island daily Argus. [volume] (Rock Island, Ill.) 1872-1873, 1873-10-04

The recent election for directors Of the
Toledo, Wabash q Western K. Il. result
ed in a change of the directory, by about
1900 majority, every share OF stock being
voted upon. The great object of the
change was to divert business to the Cana
da Southern-a shorter line to Buffalo.
But the Chicago Times makes it the occa.
sion Of a column Of rejoicing in the inter
est of Chicago, as the 7. ". 4 W. had
been cutting rates aud drawing business
away from Chicago The Times heads its
article rs follows The Dread Toledo -
The Railroad that ha. been Stealing
Trade from Chicago; Marked signif-
canoe Of the Recent Electiouo Of Directors"
The Tracy men come into Power, aud
Change Of Management Expected ''No
more Cutting Of rates And in course of
the article, after complaining about traffic
being diverted from Chicago, the Times
says
The chief opponent with which Chica-
80 roads have had IN contest in the past
bash aud Western railroad This road is
one Of the most important, wealthy, and
INSCRIPTIONS in the country. Crossing
the State of Illinois and through its most
pOpul1us districts, it has entered into com
petition with the north and south roads
running FROM this city, and at POINTS on the
Mississippi with roads running east and
west At these points, every means open
b. a skilliul railroad operator have been
adopted to deter shipments to or from the
east taking the Chicago route. Away out in
IOwa.it has competed for business with the
most direct routes, and, by an utterly reck
less aud INSCRIPTIONS policy Of cutting
rates, has been able 10 divert much of the
business that belonged properly TO this
city When the new railroad law was
passed, the authorities Of the Toledo and
Wabash road at once determined To avail
themselves Of the advantages it offered
them as a road running for hundreds Of
miles outside the State line, ~ cut rates
on through shipments, while observing the
letter Of the law 50 far as inter State ship
ments were concerned. The rate to TUle-
do on stock was put at n price but little
above what il cost to ship it from one end
Of the Illinois branch to the State line
and through shipments OF merchandise
from Toledo Pittsburgh New York, and
other eastern points, were given a freight
rate against which the Chicago roads were
unable 10 compete, except at great dis
advantage. The general freight agents Of
this city grumbled and growled, but Mr..
Carson, the general freight agent Of the
Toledo road was hump backed, and ex
pressed no sympathy for his less favorably
situated brother agents. The lllinOi,
roads, in Difference % the wishes of the
Legislature, decided to abolish the invidi
Gus pass spstem, but the Toledo road f1i
a long time refused 20 enter into the ar
raugement, the only security for the con
tinuance of which was its general adoption
by all the roads Scarcely, however, haC
a week passed after the new regulation.
went into operation, than the authorities %
the Toledo road, IN direct defiance Of thei
agreement, began to reissue stock passe,
to the shippers along the line Of thei
road
All Of which, though good tor shippers
was bad for Chicago roads.
The Times concludes its article as fol
lows:
The new board is composed Of men VIII,
are all more or less favorable 10 Chicag
interests aud who, while devoting them
selves assiduously to the promotion Of tn
legitimate interests of the Toledo and Wa
bash road, will not, as in the past, endeay
or TO bolster up the freight and passenge
receipts by pirating on territory tributar.
in every way to Chicago. The anew boar
is composed Of Tracy men. 1t comprise
the veteran John r. Tracy, who alread
holds controlling interest in the Chicago
Rock Island 4 Pacific road, in the Canad
Southern, in the Toledo x Canada South
ern, ia the Chicago 4 Northwestern, an
in perhaps half dozen other lines T. l.
Gable. old Peter, one Of the shrewdes
Of the veteran railroad men of this State
and who sits ON the board by virtue Of hi
being u Tracy man; Milton COPYRIGHT,
member OF the executive committee of tn
Chicago 4 Northwestern road, who, whe
Mr. Tracy voluntarily retired from tn
presidency, continued In his position as on
Of the many representatives Of the Trac
interest, still holding the control of tn
vast Northwestern railroad. j. ID. Cox
ex-Secretary of the Interior, well known a
an out 9nd-out Tracy man, was also place,
on the board, and after the election wa
elected to the, position Of president. TIL
other directors, without exception, wer
the same kind Of color, and render il al
kolutely certain that the fortunes of I'll
oledo a Wabash road will hereafter /
eeSed BY men with very different ain