, 1875-02-01
RAILROAD NEWS.
Indications of the Approach
ing Conflict.
Annual Report Of the Directors Of
the Illinois Central.
Philadelphia, Wilmington & BAL
timure.
DRIFTING INTO WAR.
cAVsEs or nEpEcEb rNEIaHr RATES.

DRIFTING INTO WAR.
CAUSES or 1.EpCcEb rNEIuHr RATES.
It is tho opinion Of tho leading railway
managers in Tits city tint. II tie present fight
among thn various rai!suailn leading 10 tito East
tho,sll continue for any leugth Of tinio, ma
jur!ty Of tic runsu Wit be compelled to 60 into
tho iIanss Of Ilocoiyors. Since the commences
mcnL of the fight railroad stocks have largely
.epreciatod and tho credit Of thu roads las been
severely shaken. Tho stock Of Tho Lake Shore
Il aichiga,, southern Michigan Central aud
iistnburg Il Fort Wayne Railroads. hmro eoue
down from i 10 ce.ts, anu that Of tho Toledo.
Wabasl, Il WcBtcr1, hns:fallon within tho last fow
monthn from, nl1out 10 conts to about 30. Thorois
T. very utleaHY foeling In regard to this ron mid
It Is hclievod bg sorlo TINT 1t will
10 upabls to pay tho interest on It's
bonds. In fact, every road belonging to tho sar-
a:oga combination slaa suffered ntnc1 it n!Enotl
tho agreement. Thcro fs q growing feelinE
n.nouy railroad men that tho present Htato Of af-
lairs would not exist had tho combination noycr
1ecn formed. leading New York railroad
manager raid. only il few days ago, that any
combination ot p,ll'c carriers war, III lis orin-
ion, contrary to public policy. Tho great grain
growing region of tho West aud Nortawea. l,ilst
aYu an ouHy otitIcs to the scaboarl and to the
manufacturing diHtrctB Of tho East. To provide
this uuk!ot Il gloal many railroads Ind to be
PIT it, operation, ana these roads
necessarily intct:ect ono aaother. and
cact ll.ace Of intersection became
roint Tor competition, hrcsusv producers, IN
shipping their goods, uSpccteI ono roHt or tho
otlcr tu urer tliem special advantages. lha
| INFECT u tne coa,bnAIiol WAS to do away en-
| tirelY with thiH lealthlnl conapelitun aud to
| c.tubllrA liked rates by which all roads should tu
| hound This waH d great mistake II tho Hull
| ayers Of The soass could not arrange th2ir own
| biisluexl md mako their OWL agreements no
| Commissioners could ilossil'y do it Tor them.
Railroads should not conablus against tic farnl-
! cru and producing caHsoh es they were doing in
this CAST, bGcausu tut was oppressed to tio public
Eool n'd detrimental to all classes., The rail-
| rual business wus nnw in q very bad condition.
| Jne yoar 1875 would bic, in the matter OF
reye,luc no moro favorable to tho railroads than
nas tho yenr 1871, md On this account tho cnn-
| paficH should practice moro strict cconoMy, mn
tLo;, p:;jrt: tiisldo:a cut Of tho proceeds Of tile
| eno OF bt:Illa runuuA dt9ca''nt.
I An eltpre will Lu malo Wednesday at Nov
| YurI. to polster up tho auratoga combination,
a1ld tho rrssont unsettled atnto OF Affairs Will
bo lss.,sI ns VI, argument by tho Commissioners
and the friends VI sLo continuation To show tint
| tho only saiyation in in a:,ain uniting toEother.
/ t)r course II al the roada could bo induced to
joiu tllo combination, nothing could prevent
item from nlalins their ratcs na higl! III they
wished. Eut Tho sann d!tlcultiea tho coin-
Ilultion hail to encounter in tho Begin
ming it will have 70 encounter, this
|
,niict, opPosol combinations HOW al i: hah baun
bufure, aud there IL not tho leaBt prospect that
| ii vii lenyB its proseilt indofendc1:t position.
| tl'hc Granl Trunk aud Grcat Western railroads,
| which iunc; the combination short time ngo
have Withdrawn, n1li hc1o is possibility that
lltry will eSrr rc.ontcr. a deadly feuti has junt
broken out hotwe@n tho management Of tLcso
Two lncs, which LAS already brought down tho
! rates ietwoen Detroit aud uGta'o to am:'at
nothlng. This wur may lust for q yoar or 'nore
nnl NiIl undoubtedly compel competing tn1B to
hrinl, tluwn thelr ratcB, If they wAut to do any
business. Thn adsbelonEtng 10 tho combination
ara nlanaclsa, atlu cannot compGto with these ill.,
dependant roalH, aa tloy have to stand by the
| 1ateb established by thu Commissioners. They
cannot compote, although such competition may
he necessary to thur o1lstcnco. 1t II this forced
which has hurt this Eastern roads 80 much TINT
nj la.e tAov were comveled to break t1leir nut,a-
clos. an1 act Independently of eacA other.
llonco tho commencement of Tho late war. which
haa brought tlown freight rates. to ruinuntly
low tlsusoa. 1,.t nat only tho action of n fow
independent ruutIs actH AgnuAt conlbipGtion oE
this kiul, tho independent faht-tseiGht liues
alo in greas measure calculated to
uceot nny combination ma1e for thc
purpopo IT maintaining high rates. Most OF tho
fast Height lines mrs managed by n!itl ltt,-
der tlio control Of tho various roads over Which
they run, 1uE tltore nro still fow WHICH nre iil-
dependent concerns. antl recoiyo commissions
from the roads ovor which they run. Il il
cIGmeil TINT tho present break tn rates Ia cltirn
IL tito to tho action Of OF tloHo faBs freight
rufnM,rs. tncinuati 4 II. I.oujH Iioilrond. TLin
lno, it III ssatca, receives from tho load pct-
rcn:aSo Of 10 ccnta on it's business. As tho OK
rnnses Of lhe me, s caeu'asea oy thn eost & OF
etet .'p'' Ato .t .',i. ~ IN ~
Gttt VI So"In sAoHA ttto t@t'u4"t 1ahen - 'nS
rpaGbs ad Sill MAKO pfont OIL
CeIth. lNla III JUST "llnk lLla Lijo
| bns doue Tu ret d lnrEo amount Of 1utHingha 1T
mat1n coutraetu ut as eontY. while thu regular
a ,r.rs IN saTta tri,o i,n,r,rn anil ytor Ifn,o,,
t't...' "o ~ ~ 's ~ , ti il, .t.. 1Ssn. 49,.
ttlu't "a'e' t'i s 49, tI ~. r. r. ~ ~ " y? ~, ~
~ Cu1ca55o 1sHaioau, ate bAM u it]fo Apuo luo
rutlla thug. Consequently tho lallioalA Which
Ausiness. lad to 1et!uco their rateB also. Tl"re
i h,r1Iy noEsili1jiy thai tl,o nrcs chi
n.a.o " T m Va. .'i 'ns I'M ,'ar oa W. H.
. fha1a MaKo ", si1tls Att.1 ~! tlas th uo
ttctr blblilcaa po.ter IHeu9e!Seb tuaii Co'n1:S-
HNEogs Can do it For tlgfn. Iiio onty way TO get
over tho present stato Of affurA, In tho opinion