New-York tribune., 1875-01-22
FINANCIAL INTERESTS.
CHANGES IN RAILWAY RATES.


TIE EFFECTs AND CAUSES OF THE INCREASE IN
FREIGHT RATEs-MoDTFICATIoNs OF PASSENGER
CHARGES.
Inc effects OF the increase of the freight
rates by the trunk extent and
strength Of the railway combination which has I'D
ysnoed the tarif made subject OF Inquiry yestor
day. James H. Rutter, general freight agent OF the
NewYork Central Railroad the increased rates
had been in operation only days, and was impos-
sible TO what effect II any the increase OF rates
had had upon sbpnents He did lot think 1t would
have any effect stopping shipments. The railroads
really carrying freight at Summer rates. In 1871
1t was agreed that the rates should be 81 ton on first
class freight Chicago in Summer 81 % Ia Winter.
The present based upon 81 per ton 10 Chr
cago. and therefore Is cents under the Winter
rates He believed that these rates wOuli continue oil
the Winter There had been rate before the
Sumner Of 1874 and to expect the companies to charge
those rates now would be unreasonable. He had not
heard the report that the Michigan Central Railroad
refused TO aequiesce in the increase.
A representative Of the Michigan Central Railroad
said he hal received direct advces from the Com
panys oces concerning refusal 10 agree 10 the ad-
vance OF rates, but he thought the rates were low
enough for Winter. He not very confident Tint
they would stand under pressure, although he believed
that all the railroads would much freight a.
they could conveniently carry at the Increased rstea
one Of the officials at The offices Of the Baltimore and
ono Railroad Company said that the Company naa
agreed increase Of the rates FOR freight In conse-
quence OF the outcry OF other lines that they we're
compelled to carry freight at lOes The Company nid
not entered into the combination aud vas not bound oY
any Of the rules which the Bard OF COmnissonrr 70
might adopt but under the belief thai the 10 cent rate
too he understood thai tine officers OF tue Co-
pany had agreed advanced rates durlng the
present severe weather. wlch was very trying upon
the lines running TO the NJrt-Wrst lie did IOI lAe 70
how long the present would continue n tufce
atnOugn he expected ~ caT complaint sOon from mo
larR shippers
La regard reported reduction OF passenger ratea
10 the Wes j. +. HiCk I1e agent uf he Grand IlubA
Railway Company IN TINS city, said at Ae nad received
HiOrmAtIOD Through unOgiI sour tnat the pa-seu-
rates nad been greatly reduced from Buffalo 10 tue
West, ana that persons tahing uckets to Ban ohi
Railway Of Canada, wOdI from O. 70 81 according
JO dis ance. TIE former rates from BdtilO Detroit
had Deen ks7 1rstciass, and s. Tor second Case
These rates wCte reduced 10 s. aud 81 respectively
but he had t.at day Deeu iu4JriDed tIat a fUrtheF
reduction 10 q for nrstclSs, aud 81 fcr secOH! class
had been Tie from DJifIlO 10 'h:raRO
had been redaC Cd. No de- rease lad bcen ulaui
the rates OF freight, Daa been iI.urmtd
he had yet receiN ed oic Information aui nor ln@
him 10 reduce the rates Tor IA Ousn tickets fToh Ne-
York although he expected TO receive C OAe oI the
OF the MCDxan Central ana Great Western XII
way OF Canada said he had nesrd Of the reduction OF
received Odici j information autI0rZlnL HIlA 10
make reduction in Ehe prices from thIz city IL was
not at al unlikely, he added, tnat tile Great stern
Railway would reduce tHcIr rates from 5uspeh -lon
Bridge, IN order cOmpete with the Grand Trunk iii-