New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1875-12-31
POLICY OF TIE TRUNK LINES CRITICISED.

POLICY OF TIE TRUNK LINES CRITICISED.
REPORT OF 1IIE DIRECTORS OF THE CHEAP T"ANS-
FORMATION AssoCIATIoN-SPEChL CONTRACTS
CONFERENCE.-THE MANAGEMENT OF The NEW
YORK OBSERVATION-DISCLOSURES AS TO RATES.
At n special meeting of the Board of Direc-
tors OF tine Cheap Transportation Association yesterday
the report OF the Committee on Claims ana Grievances
relative to the determinations In freight against
this city, was adopted. Referring to the recent interview
between prominent merchants and railway officials at
the Grand Central Depot, the report says;
Your Commit tee must dissent from the unquallfod eN
plossons made bcha OF the entire neiGanIIlo com
at The recent interview the effect that, as merchants
tfS g nniformv of raies &C. Your CoInlntee
IN favor of rates low that they viii moi pay ar ana
even liberal return ON capital actually invested nor alS
they favor of tstes 50 high that eis per cent dvii
ends be pad upon capital OF twice thr amount eyer
pd In hv stock ana bOndhOdcrs AZ IL the case WIN the
those who have actually invested their capital ana
injuries f6s other Gs Gwas the natural deycopnent
of our commerce and ia unjust to that interest
pressed by MIR. Vanderbilt that the special contracts
with large shippers properly protected new OK t
ess Your Committee believe that not only dOes tlls
practice OF giving special contracts not protect New
York commerce but It is direct premium 90 oGrr G
would come to this market a great majority % tno
tnrts and because thev sell goods to many dncrcnt
places which not competing points, can ger lChc' 40
believe that there can be good reason given for cha
ing one shipper % cents per hundred and another 20
cents for the same goods. III reesonaDlc quantities sns
to the destination IN the saGa tram ana tnat us
arbitrary exercise Of this great power mas ALREADY uNeh
much of commerce to other roinsIhas much 10 DO
with The decreased state OF business and real estae lnlor
ess and iuIn shes another GOOD reason why thesc great
seni-pubio institutions should De Ghdef sucI sup'i
vision ana control as Wouiu pottv, ahV 'ie " u M ~ V
the stOCkhOld0rS aud the puhhc We alSo u" ''o
that furnishes satisfactory reason WY eGrah p
pcnt citizens invariably side Win the ldhIOdus "uth
questions OF rates arc d8lialcl
With respect to an assertion which Mr.. Vanderbilt Is
stated TO have made that tho Cheap Transportation
fiya of he Ian ID. in
terests Of NewYork nor tie directors thereof dsnter
estcd in their action" the report has the following:
Considering that the members OF the Association snip
minority OF The freight carried out 81 TINS Guy not Oy
on Mr. vanderbts road but on the Other tlhs hes, W,
think that il may be considered fairly representative OF
s commerce and Of the dsntec sickness OF action on
Association, the gentlemen in ucat BE quIt wing
would come with better grace aud with greater .3Tce
from other quarter than from q Inll. "hcn
sgnazed obtaining control OF one Of our tiuhh hos
by wat ring it's stock to tine extent of nearly MY millions
Oi dollars upon which the pubic nave pjd dS IN
ci wears amouptin TO about $50 100000 ihs"asdone
al time WHOM values vi ali kinds were great 'n' ihccd
BIS the war and on the plea that al Otnti - u prop
oyt had advanced; now, however, that Other ~ pcriy
has declined, and ali interests are depressed ana ule-
munerutivc, the NewlOik Central sun imposes rates
which yed s accustomed per cent on lS ehc >'ock'
and s marGet price consequently renaln, a1ovr par.
This family have used their great political power 10 OBJ
tain from tho L@slNlithff d IL" !.
charge the exclusive 81 one OF the finest avenues III
this CITY and not satisfied with this. obtained another
law compelling the CITY to p3y them S3,2VOooO toward
lifting ii Tor tcir which competent engineer.
estimate esd T%' sGci0" We are F nma that
single baYnace, known as the hudson ENer
Badge Company" ut Albany, took from the pOci-
els Of the stockholders OF that ROAD land III,
directly from the public IN The year ia alone Upward
of million OF dollars than the interest Oh Tie cost
of said bridge. The Bridge Company Is not 40 many
people suppose component part Oi the New-l oih zen
tr Railroad but controlled by tno Nandcibts ana IS
one OF The Credit MOber institutions by which the reye
MUGS of tuat road kept down to point tha VIII ohY
weld Der cent on It's H. Every ton OF freght pass
inT m bridge we are informed, pays toll OF % cents
and this tariff yields net income larger imam lht vi
ti, OF he lar9, st houses ia this CITY, How
many such institutions there are attached 10 lhB iO"d
we do not know, but there IL tho wagner Drawing
room and sleeping Car Company" the "Starln ElVcr
and U,rDOr Transportation Company, Whlch hahuIes
rre PORTION Of the freight passing over that road ana
there are doubtless others when nave not come 10 our
untice IL /. notorious that the NCW1 OK tchfal IOdu
s .huped The legislation OF this safe Tor several years
many members are elected in IT. interest us agents nave
aesteJ i'm making up the committees and no measure
couId even be reported II COLsdtrtu ahtaSOhSlC
10 the interests Of That road -. -
the report makes following suggestions concerning
freight rates:
I'm regard TO the rates ruling Is probable they
will mol he long maintained as Ire OASIS Oh ~ 20, ~, ~
aud cents hundred 10 chicago Iof Hlot, stconu
third fourth and special classes respectively are 700
low fair basis at this tlmo WOuld DC ~ AZ! o. ~
aud % on both east and weslbound Freight at ~mch
rates a road honestly capitalized aud managed cOIu pay
liberal interest tho investment Ills estimate INC
result OF careful study during term of years aided by
sevpt.I lie most eminent Railroad engineers I'm
form rates ike these would soon Dund up large anu
steady traffic which would ill many vi the chs tnt are
now naulrd pack the West eDpfy and tnls IN the hd
pav DOt carrier and merchant better IMAM Tie pocy
uI,ed in the past OF making nominal rates Oh De5
nt ,a rs cents 81 for frstcdss IeBhI 10 Chlcdho,
and then cutting under by making speclai cehactS win
favOto shippers at perhaps 0netu W one iVui I'll noSo
TatOs.