New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1875-06-12
THE RAILROAD WAR.
CONFERENCE OF OFFICERS OF THE WAR
RING COMPANIES.


RING COMPANIES.
TIE vrCK-PREsIDENr OF THE BALTIMORE AND OHIO
ROAD IN CONSULTATION WITH COL SCOTT AND
OTHER REPRESENTATIVES, OF THE PENNsYL-
vANIA CENTRAL-A MEETING A MANY HOURS
DURATON-AIL THE POINTS OF DIFFERENCE
THOROUGHLY DIsCUssED-A BASIS OF AGREE
AKNT DECIDED UPON TO Blk SUBMITTED TO THE
DIRECTORS OF BOTH ROADS.
speculation on the Stock Exchange yesterday was
favorably influenced by the statement that Thomas
A. Scott and Andrew j. Cassatt President and Vice.
President of the Pennsylvania Railroad and John
A. King, Vce-Presidcnt of the Baltimore and Ohio
Railroad, were in this city to hold conference for
the adjustment of the differences between the two
roads, 1t was asserted that the purpose of the
conference was to end, II possible, the
RAILROAD war, which has proved 90 disas-
trous to the railroad enterprises of the country.
Messrs Scott and Cassatt were at the Brevoort
House and Mr.. King at the Fifth Avenue Hotel.
They received numerous callers. 1t was said by
some railroad men that their intention was to refer
the matter to competent arbitrator, with Hugh j.
Jewett OF the Erie Railway Company as one
of them. Application to Mr.. Jewett, however,
failed to elicit any information the subject
The conference between the representatives of
the two warning railroads was held during the
day and evening at the Fifth Avenue Hotel. The
Baltimore and Ohio Railroad was represented only
by John King jr., the Vice-Prcsidcnt while the
Pennsylvania Railroad Company was represented by
COL Scott, the President, A. j. Cassatt, the second
Vicc-Prcsidcnt, and Mr.. Green, the Assistant
President. Neither the New-York Central
nor the Erie Railway was represented i'll the con-
ference, which began at 10 o'clock in the forenoon
and continued without nterlnssion until o'clock
in the evening, when the members of the confer
| nd for xrbi aofn
vatcly in Kings room. The points OF difference
tuay existing or supposed to exist between the two
companies taken up one after another and
discussed, and the basis for permanent arrange
nent between the companies agreed upon. This
is to be submitted to the respective Boards of Direc
| tors within the next ten days.
Mr. King in answer to the inquiries of O reporter
of THE TRIBUNE last evening, said that the meeting
had been most harmonious, and he had very little
| doubt but that permanent arrangement would be
made between the companies that woud end the
present railroad war; and restore the business of the
conflicting roads to a proper standing. He did not
think it would be just to the directors of the road he
represented to make public the details of the pro-
posed agreement; but, after it had been submitted
to the Board, he had no doubt but that the public
would be fully informed on the matter. Although
he had been one against three i'll the confer
of the Baltimore and Ohio Railroad Com
pany had been properly guarded. He conceded
in all that President Garrett had said in his address
TO the directors and believed that the principles
cnunciated therein would be carried out to the letter.
He felt confident that if the respective Boards of
Directors Endorsed the action Of the members OF the
Conference, the railroad war would cease but on the
part of his own road he could not say what 20 80
men would be likely to do. The proposed agreement
was In his judgment. equitable one, and ought to
be productive of peace. Neither Mr. Jewctt nor Mr..
Vanderbilt was at the Conference, and he had not
sought the influence of any NewYOrk companies.
As those companies were not directly concerned in
the sub. ct of dispute he did not think it would be
right for them to take part in the discussion.
Col Scott declined to give any information about
what had been said and done in the conference, and
to furnish any details relative to the proposed basis
of agreement, on the ground that the matter had
not been laid before the directors who he' thought
ought to be informed first. He knew that the pub
lie were deeply interested in the question of railroad
troubles but he was of the opinion that those
who managed the railroad were also as much
if not more interested in the matter. He refused
even to give any opinion to the probable effect the
proposed agreement might have on the question OF
the railroad war. He said the meeting had been
harmonious one, and all the questions at issue had
been thoroughly discussed. The basis for perma-
nent arrangement between the companies would be
submitted to the board of directors of the Pennsyl-
vana Railroad at the earliest possible moment, aud
he supposed that the same course would be adopted
by the representative of the Baltimore and Ohio
Railroad Company. lie declined to say anything on
on the question of Mr.. CARROTS speech.