, 1874-06-27


secure 1900 now gold bondH. Tho mortgage
will be recordad In twenty oountioR IN all Of
which Tho Company owns road.
Tho Railway Associntlon of Amorlcs.
4 fow yoars ago Tho General Managers and
surorlnteudonfn of tho rail- oads IN thb United
States aud the CRnatas formed M aeEoolation
known as tho hallway Association Of America.
!tnnod ont complete failure. but little intorent
being taken in ita annual meetings., aud thore-
foro but lst!o good wns acoomplisned. All kinda
OF reasons wore giyon for this laoft OF intoroat
on tho part Of s The meme9ra soMe sa ts'r
dranecrs. wl'lo otllera assorted TINT nt The pros-
ont low rates for freigltts, etc., md tho Annll
nesa. OF tho annual dividends, they
; oon!d not spare THO cash TO 60
Tor tho mere fun Of listening to fow buncombo
speeches.
Although these factc Ind somotl,in9 to do with
tho ia'luro Of tho organization, atill they weto
not the cause Of its disruption. and 1t Is wondor-
ful that tho ratroad managers with their great
ehgaolty could not uotect
THE REAL CAUSE
for this fatal result. Tie faut is 1t has boon
more or 1ess d St. Louis institution, and like
| out a ilzzle. Tho PrcaIdont, a1r. Thomas Allen,
waa q 81. 1.ouisinn, aud alr. Harrv, Sharp. tho
ea1a1icd secrotary, roaldes and hns his
Office at tho same place. Had tho Knli- l
way AS6CC1lEl0u OI AtuCFiCH HEcu u tIL"
| cago affair, tho reauft would havo heon
qnito the reverse. nnd, inBtond of sad failure.
grand s,iccoBe would havo to DO recorded. at
tho Convention hold nbout ycar ago in this city,
COMMITTEE or THREE
wnH nppolutod to 500 what they could find, and
report what should bo done TT regard to tho per-
manoncy Of tho organization. After iuyesti-
eating tho mattor for homo tino, tho Committee
came to tho conclusion that It would be better
to discontinue tho organization. aud tllat, In
esoad, local associations should he formed, which
could correspond with each other, and thus OK
change tloir vicws without tho necessity. or
travelling thousands Of miles md paying high
priced Secretary This was dstrcsssng nows for
htr. Sharp.
TO COUNTERPART TIE REPORT
OF the Committee, lie act to work and prepared
pamphlet sorting forth tho advantages Of
Railroad Clearing House for Tho United slatcn
institution be Immediately formed not omtting
to hint that le could manage 1t better than any
one olse, huviug studied its advnnl ages in En-
gINnd. But tho recommendation fell on barren
ground 1t did not tako with our railroad man- 1
for this country. Still, this did nat discourage
hIr. Sharp, who iB now out again With
ANOTHER CIRCULAR.
recommending .hs reorganization OF tho old Aa.
eocaton. IIa has the Constitution all prepared
and had 1t approved by tho Executive Commit
teo.
Tho following il the circular which was rc-
ceived by tho Railroad Superintondenta yostor-
day:
Inn directed by ths Executive Committee Of H. TIC
Company 10 become u,omber Of the Association.
THE oBJEGTa AND PURPOSES
Of tho Association ~ aia down in tho Constitution
f'trst-Tho improvement Of railroad management by
!ytcoN3-To collect and publish statistics, reports,
and papers relating to railroad economy
1eccd Ill pubiahea wors % and III neccsalo informn-
lion concerning railroad management and the ecoon-
iourtd~To provile means Of ascortaining the
views and desires Of the body Of rairoad tn"nngrra On
any polnt that may be Enlaed by 1cnler without tho
E'ifth-To 1nnntaiu M oihco in which luay he pre-
served records Of general and other consentsous anu
Wheu nocesssIy Ta to sess any aab}ect ot common H.
ter.st 10 tho numbers uf tho Association.
St9th-To tako nuch aet'on as nhy lend to greater
ad as sall tend to ssslemattzo the cnorta mAae IN
that direction. ...,
OF thu Association is fixed at 10 cent? nno oper-
ated; no other asaessnlent will be nia'o without gen.
rie Executive Committee desire me to Hay further
that sufcicnt number Of railroad conpantcs be-
como members Of the Association under t4o reysaed
constitution to warrant Buch Acp, Ii thctr PURPOSE
such Lori orgn"i articles AZ ay b. By rror
matters pertaining to railroad economy such aatia
Hes DO obtucd from authority and rofints Of
s + f.. ssas o IT, T.
10 confined to tho transportaton @nd general nnnaee-
'nsnt departments. By this n.e"na vii ba gather, IN
form convenient for reference all tho cotr1bubus
of experience, and tue discussions OF railroad mute y
which scattered 40 thtnly In various publications.
aud much which iB either iuacce. B:to to, Or does
not under tho notice OF, Tho body Of Eailroad
oilicera.
Tho Executive Committee believo thu. tho rnbllo,-
ton Of such journal III the bent meals OF tncon-
lint A1tlY of professional iuattCTS IlCtlttnt