, 1873-09-29
additional stools. which represents tho amount Of
capital titus plt into tho rDnd.

and troiEht3 A.wror messengers, a}1 centa
iinllo for lilo oiylt montha o,,tlng July, 1879
Q:wWhHt ia tho percentage OF insrcaa1 Of
t Varies according 10 lilo severity Of tl,o
Hoaaon, but sometimes wo oarry freight In
wintor Of no moro than running expenses.
Wo aro alao ofton blocko1 Ia our business
hero by lack Of trannportson East, aud Inst win
tor We brought; md delivered to Eassorn lines
100000 buahels Of grain. wl,oreas'wo ought to
have givo, IL 900 006 bushels
Q.-What twou1dbo tho advantage Of improving
tho Miasissippi nivor2 A.-Vory littlo If my.
Tho condition OF tho mouth Of tho rivcr pro-
vents any amount OF commerce going TINT way.
MI. JOHN NEWELL,
President OF tho Illinois Central Railroad Com
pany said thai. the origin of tto complaint WAS
in Europe, left n worry small margin to tho farm
or. Tho fnota Of tho discrimination nro those !:
Wo charge only fair focal rate, but, at cortain
competing points, NO aro forced to sako freight
unfair discrimination. The fact Is. TINT our
saa tas It a''' eompet,ug q5s o0' points ts es ss
aro unrouuonably low. Tho average earnings
Of Of roaas d.. in Tiff l,', State are about asoo9
lown or Wisconsin. Tho Eastern trunk roals
oiton carry at tho ratio Of mills per ton per
mile, and It is probable TINT u doublo-traok
freight railroad, running freight trains alono
Of botl, pasaongor and freight traffic is about q
por cent Of grosH earnings, and tho proportion
Of coat Of full freight IL probably about CO por
cont Of tho gross freight earnings.
Mr.. Novel; holds that tho wator lfnos can
carry oloaper than my otlor way: Taking 0
mills nor hundred OIL corn, and reducing to price
por. bueliol. 1t would bo about 25,2 conts .por
bushel to tho Atlantic by all rail, while tile like
&,4n H., No1r ~ .tn1
andmalo as much rs tho railroads can. Thon cont
transfer OF Buffalo, / cent insuranco, aud II
cents to New York by canal, mako Is centa
in nll. From Buffalo to Montreal tho
laid down in nTontrcai. Now, tahing oairo as an
equivalent to Chicago for shipping to tho sou
board, and Tho rate from Cairo to New Orleans
at couts. VIC lavo tho various rates Of conta
to Now Orleans, Il conts by boat to Montreal.
1s BY boat to Now York, and 25 conts BY all rail.
Orleans, would DO III oxcesB Of TINT from Now
York by about 7 contB, which would mako the
Now OrloanB route cost equal to Il conts. Now,
THE DRAFT OF WATER AT NEW ORLEANS
Ia mover ovot 20 or 81 feet and generally not
moro than 10 or II, so that yessola Of toop
draft cannot get up, and unless they aro deop
drlft they cannot carry grain economically on
the ocean. Thoroforo, unless tho channel is
used Corn canuot, like cotton, bo lightorod,
sinco It won't pay to lighter 1t.
Tho Increase 10 the produce Of tho State has
not beon 50 por cent In ton years, while tho rail-
roads have more than doubled. Now, tho locnl
residents have beon a1owed to vote bonds to MD
railroads, sometimes as high rs $4,000 por milo,
often $4,000 per milo, aud the contractor pooll-
OTIS this amount M clenr profit, building tho road
by tho sale Of tho bonds of the Company.
Mn. II. E. sAn1EANT,
General Superintendent OF the Michigan Con-
trai Ilnilroad Company, gavo as hs Judgment that
ton miles por hour, Including stops, was tho most
economical epeod for freight trains. Ho thought
q through line Of double track for freight
difficulties Sol Of Engineering S' to bo ovor- @
that it could carry freight for would be trilo
iess than ! cont per ton per, milo,
but It would depend e. good 1,9 deal
through linca have boon constantly reducing
rates, and tho reduction Of local ratcs during
tho last years on tho Michigan Central has
heen 81 nor cont.
Mn. G. n. GRAY.
Asst. General Freight Agent Of tho Lake
Shore g. Michigan Southern n. II. Company,
gave some information relative to the manner in
which tho through rites were decided upon for
tho railroads and fast freight lnoa,, but nothing
n1R. G. E. CULVER,
President Of tho Board Of Trado. was tho last
witness, and llo morcly gayo tho COMMITTEES III
formation Of tho 1nnnnor in which trading was
chants In tho Board Of Trade. The subject ia q
worry familiar ono in Chicago, though ap-
paront'y now to tho Committee. On
hearing all tho Information TINT they desired
from Mr. Culyor, the Committee prepared to
break up Senator Davis was anxious to got
| more members present ut next meeting, but rs
Senators Sherman, Amos, and Cassor1Y oil had
elections pentns and aa Conk!ing Was looking
did not acom much prospect Of moro
full attendance On adjourning, it was in
formally understood that thoy should moot Oct.
1G ct tho Fifth Avenue Hotel, Now York, md
| proceed thence to Richmond, Va. thonce to
Cincinnati, St. Louis, Now Orleans, aud, possi.
bly,, st. Mark's, Fla.