The New York herald., 1874-11-15
THB RAILROAD PROBLEM.
Special Meeting Of the Directors
of the New York Cheap Trans
portation Association.
Condemnation Of Railroad Com
binations.

Yesterday a. the general once Of the Cheap
TRANSPORTATION Association, No. ITO Pearl street,
very important special meeting took place OF the
directors to consider the recent reported railroad
combinations. Among the prominent gentlemen
present were Colonel Benjamin 7. Baker, Pres-
dent, and +. B. Thurber, Secretary, and among the
directors, Messrs. J. Seaver Page, James y. Barron
John Il. Kemp. Simon Stern, George L. Trask
John Dwight ana George Brown.
The President called the meeting to order, and
the Secretary proceeded to read report OF the
COMMITTEE ON RAILROAD TRANSPORTATION,
which recited that
In August last a convention of railway managers was
held at saratoga the ostensble and praise
purpose o. naagaratng reforms in the management, q
ssh. have reasonssls rates q .soa
for their investmenis There were runors about
that this conference Of railway magna.es was
@ ne sab ws .e IS NE
ihs ihsm and must %s ana hst Ssiisr nss
ss n New ;ss York; Mss nan i a n me
W. sss
ha true II cannot be long ss,ors me order VII Be given
srsr
% s CIV
Ss n anes .e but late Ind
ssrtes sa he
s ss %ho & s e ana re q w ol
Y sT bends ana a s Ss
journey to Baltimore to induce the PRESIDENT q The
ns sssr wS os =
ss them .o res e 10 fe som shs paSi 81 M any asy
@ these rss has HG
either either desirable safe From the most rsIiaDs asss
Hudson River Railroad not cost stock and bond
s E4s o se Il. M .dak .a nooS @1I
4hs less Of II. IL aSs fsffsa as
Ss s no~ upwa sarFof ~ YasrsS but M ~ e sei
ssss e. nfsxsy'
values Most oi his nhanon has been .eeompshea "
plus iund putting @ into and then ans ISSUING
osK to represent M the value o ess improvsmen,s oI
then forever making the public pay Intel upon be
as ~ s SSss S
sas is's r sss hs
e s o he o fs a ec
fore duties e The public hss maSaas afins
S, ~ s' s"sSS Sy @
upon this point is slip !, rom the. market
c pont ' Sts sy osss Ms
Central Railroad stock which has fallen and three
Changed 'fse
~ hat O0 shares OF Central stock were worth
Now, wltIoa! The q mother penny,
strain, and cannot long oe Sofnso conirssted With the
Ss road but i'm
ios and s nsea na G M
20 reduce st. further their rates Of freight thus Dud
soantry q dis sast Induces iiEs
ssmoTs ana e Coax %
eit, Of ne Baltimore and Ohio Railroad. INTO comb
tremendous development oi our country in this age OF
Of our IN is
a1 5 % e baG be q a oS
e en'e % 5ans o
shn ansrssa @ % other @ dssrisa.ns pon whek 90 ny
ines Ss Il our rs
sas sS @ Ssy sSss,s$
oad na w as a the s
Canal the commsrcs Of New York WI be safe Or many
syers Without aIadns 70 the tact that the trunk lines
a w
tandng lines iEto the alliance spSs @ result n ,he
ne. and we therefore submit the accompanyn ing resolu
lines % they
rnea nys a. habs 81 wn'Ga w esq saSma +
Baker, James Haines Drake. Committee on Railway
transportation.
Mr.. F. d. Thurber, after reading the report, as
sation, presented o resolution which embodied
great praise ofthe meritorous action OF the Balti-
more and Ohio Railroad Company in refusing COM
plance with the combination with the Pennsyl.
Tania Central Erie and New York Central which
would bind still more strongly the iron yoke the
mercantile interests of the whole country IN pro-
ecting the odious railway monopolies under which
general trade was withering and the supremacy
sf New YORK in particular -as a great mercantile
sentre- was departing.
This resolution created considerable discussion,
ur. John H. Kemp and Mr.. J. Seaver Page opposing
It with considerable animation. The latter gentle
man especially. He said tusing almost the fgure
ol the Colossus OF Rhodesl 1--WE must remember
the
LEGS We STAND ON.
Let us be concinatory and do nothing hastily. II
believed 1t TO lie true that the assertions OF the
PRESIDENT OF the Committee on Railway Transpor-
non were correct-that great combination had
been formed--I should go rurther than he, ana
call a public indignation meeting IN order to
srouse
MERCHANTS TO THEIR DANGER.
am In favor, however, as long as We are not re-
tee OF, say, seven sold business men-property
lOlde stO visit these trunk line officials and dts
;;over II these rumors Of combinations are true;
Mr.. ThurDcr IN reply, stated his experiences be-
ore The last Legislature. when they presented q
shusetts--0i the appointment of Board oi Rail
way Managers, who should stand as arDiters be-
ween the people and the companies. The bill was
deliberately referred to committee absolutely
nnder the
CONTROL OF THE NEW YORK CENTRAL RAILROAD,
ana deliberately smothered
MIR. Simon stern eloquently advocated the
tdoption O Mr. fhurber's resolution, remarkng
ihat an anything could make BIN sustain it IL
would be the covert conspiracy maniiestiy appa-
sent on the part OF the companies-men who con-
troed property to the amount OF four or five hun.
dred millions 0f dollars-who gave II out to q
credulous public that they went on to Baltimore
imply 70 pay their respects to Mr. Garrett. Presi-
nent Of the Baltimore and ONO Railroad Company
upon his return rom Europe. IL Is absurd. II Is
time 10 be bold aud outspoken. We know the
Conditions OF this contest
THEY FIGHT US BY FOUL MEANS.
we want no more cancellations and compro.
Mlses What we want Is to show them the people
VIII use the line that will most cheapy do their
business, whether It's terminus Is In Baltimore or
New York"
Colonel Rakar praaidnnI In ndnrsed tho rasoin.