New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1874-01-31
RAILROAD INTERESTS.
A CONTEST TERMINATED.

THE EASTERN RAILROAD WAR WITH THE BOSTON
AND MAINE COMPANY ENDED-AN AGREEMENT
BETWEEN IrtE ROADs-CHANGEs IN THE BOARD
or GOVERNMENT.
TRoh An OCCASIONAL CORRESPONDENT OF The TRIBUsE.l
Boston, Jan. 30.--The long existing and
hardought railroad between the Boston and Maine
and Eastern Railroad Companies, 1t is believe has
terminated by an amcablc agreement, mu
tually advantageous TO the competing corporations,
which it 10 the ardent desire OF the President
Mr. LOthrop. TO present for ratification nc the
annual meeting Of the Eastern Railroad Company on
Monday next. IL then ratified by the Eastern Rail
road, the Boston and Maine stockholders will hold
meeting probably merely formal one, to ratify the
agreement their part This agreement, 1t Ia directly
stated by the Presidents OF the respective roads
business between the roads not
After the protraced discussion action Of the Legs
ature Of last year had subsidized nothing Of any import
done concerning tho adjustment OF the difficult
TESLA number Of Influences have working bring
about Of the difficulties, and IL finally
agreed that the best would DO to appoint COM
mee Of conference on the part OF both roads, to con-
sist Of five from each corporation. Tho Boston ana
Maine named its President N g. White, and Messrs NJ
s. Bradlee George c. Lord, Samuel G. Spring. and
James r. Nichols Of the Board OF Directors;
ana the Eastern road. Its President, Thornton X.
LothrOp, and Messrs Samuel Hooper, John Woodbridge
Franklin Haven and b. F. Stevens of the Board OF d.
rectors. This Joint Committee has held q number OF
meetings, at whic. all OF the members have been pres
ent except the Hon. Samuel Hooper, whose duties at
Washington prevented his attendance, save at one
meeting. OF all tho plans submitted, that
basing the agreement division OF tho
net passenger receipts was received with the
most favor aud ID the plan adopted. The
difficulties OF arranging an agreement on such oasis
OF course the percentage that each road TO re-
ceive. The rolling stock land, and roadway, with the
usual stations aud sheds, were considered Of equal
value each road but the Eastern road has debt
100000 greater than that OF the Maine corporation,
the Maine Committee Of the opinion that
its road should receive o larger percentage
than the Eastern On this point all the debate
has turned Tho agreement, which tacity assented
committee meeting to-day, VIII return about 10
per cent to the Boston and Mano Company and about
OF per cent il the Company can earn It, when the
agreement goes into effect to the Eastern Company.
The Eastern Committee claims that the agreement Will
save annually 100000 the two roads, but the Maine
Committee is not sauguine, and estimates the
saving at about 10000 for tho hrst year,
and probably when the agreement is in perfect
working order. The freight department will be left
alone and no efforts made az have been made during
past years to control such business II to take its
natural course.
Nj Lothrop the President Of the Eastern road 1t is
said, will resign at the annual meeting Mr. John Wool
dredgc of Lynn is prominently named his
ticket The annual report is to be issued the
ing the meeting is said that the reports OF
the roads lately consolidated with the Eastern road
not as favorable the directors had hoped Therefore,
1t is delayed. Monday however, will ALL and the
public will know the results OF the Committee meetings
IN favor OF an anieabe settlement Of the existing diff
culties.