New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1875-04-07
RUPTURE BETWEEN THE PANAMA AND
PACIFIC NAIL COMPANIES

ABRoGAuoN OF THE FREIGHT AND PASSENGER CON-
TRACT-1HE CHINA TRAFFIC TO GO OVER THE
PACIFIC RAILROADS AND PACIFIC MAIL TO RE-
CEIyE ONE-HALF OF TIE RECEIPTS-THE PAN
ANA RAILROAD COMPANY THREATENS TO START
A RIVAL LINE.
A bitter wGr has been inaugurated between
The Panama Railroad interest the hand and the
Union Pacific and Pacific Mail interests on the othcf
!, VIII be remembered that when Sidney Dillon ana
assoeiates entered into the administration OF the Pacific
Mail Steamship Company. almost the first act was 10
endeavor to arrange working basis which would be
generally satisfactory. While the representatives. OF
The several companies agreed that such an arrangement
would be desirable, yet there was such conflict OF
opinion as TO would be proper division Of profits
that the conference terminated and at the annual cleo
ton OF directors OF the Panama Railroad Company on
Monday all the Pacific Mail representatives. were
dropped from the list
At the organization Of the Board yesterday Trenor
". Park was elected President, j. c. G. Mccullough
Vice President and W. J. Emett Secretary and Treas
urer Almost immediately after organization the
Panama Company passed resolution giving notice TO
The Pacific Mail Company that. at the expiration OF 90
DAYS the present contract regulating the division OF
profits would be abrogated. The Pacific Mail directors
caused word 10 be sent TO the Panama Company that
they would waive the 90 days notice Treferrng that
tso contract should be abrogated Immediately,
tb intention being TO ship the Chinese freight over the
Pacific Railroad instead Of by OF the Isthmus as
now allowing the Pacific Mail Steamship Company one
half the receipts for freight between China and New
York for all the freight thus carried The Panama PEG
nile not 10 be outdone threaten the Pacific Mail people
with rival line OF which shalt be run IN the
interest OF the Panama Railroad This condition Of
affairs becoming known the street, caused consider
able comment and induced q selling movement which
affected the prices Of the several stocks
The principal cause OF the trouble between the ce1p
MES was the following agreement proposed by the Pan
ANA Railroad Company:
AID agreements verbal heretofore made 70 be sbo
rated and ali the after The Let day Of
ApT terl " Ne done uuder this agreement , II,
The Railroad Company 10 TRANSPORT All passengers The
Fcco and from Sew YORK for $4,000 month
beyond 900 For passengers other IMAM uoas ~ l. "
~ go each same as TO other INES TIC FAnanA a
g. T Panama Il 4 transport all through freight between New
York aud Frsnesoo and Sac ffanco and that hs
snd lighter The fGnams o TIE sum oi
$4,000 monh unless tEe amount sh-I exe sVvO ns Per
and 6eLona 1000 tons per nosh 70 ne pa 10Y
other points FROM other points than through
Eh be divided heretofore AID Ash'eIAse settled On
The Paese Ms, Steamship COMPANY their coal from New
IoE To- Panama via rfrosd ana 70 pa{ y y. tYD s,.
,lp Company Offices Panama without eut and give As Po
Nal steamship Company market Tor he Of co.. St Panama to
The P.nAm. Railroad COMPANY. and the Pacific NAL steam,
,p Compsny divide banrss brt"eeh lhe Az
New YORK NJ Pacific Steamship Comvaty 10 receive 66 pei
oH and tie Panama Railroad COMPANY 33 per cent Of lie cI'
iaas 70 bt ssre,l upoa b. the parties. .
TIE PsasmA Railroad Company VII contract with Dor cary
'r o 0ter hines routes OF the Fsch hA
tkp COMPANY Tor ghs cEepi At
locs % ~ sail nos AZ srv r- be per above
-les spc as noted n tbs contract S0a' INC e'hssA "a
payme be made tie ca. Cfeseh month FOR earnings Of The
UeoetIg month
u The PehSh s,e.msp Company 20 transport be officers and
f7 O. - Panama RSibosd COMPANY At 8 each Nssfok 70
raa.s Pana sesYo sna the Psnsna Rslro.d omnsny
.-l;s l. sfs IL - - -