The New York herald., 1875-07-14
CHEAP TRANSPORTATION ASSOCIATION.


ACCEPTANCE OF THE cHARTER--TERMrNAL IA
cILITIEs-ADDREss or PRESIDENT BAKER.
The Cheap Transportation Association held
meeting at No. ITO Pearl street yesterday after
noon. BENJAMIN p. Baker, President, In the chair
The minutes OF tue last meeting were read and
adopted. On the suggestion OF the President the
charter recently signed by the Governor was read
on motion OF Mr.. Henry, article OF the by.aws
was altered so that mo contracts shall be made
for the expenditure OF moneJ beSon1 the amount
In the ressury.n
The President made tire following address
when was received with applause
GESrLKMEN-on the occasion Of accepting charter
few words ron the President may be IN order in r..
sonay been ASKED what are the onecis o. The Cheap
what DO You Rope to secomps6i Our printed ted state
meat Of "oojeess as published IN our constitution ami
cienty explicit Commercial are, as a general
sars 70 beco e smiSr with the inaer WORKINGS Of
oar asspostS5gn system wign
unfavoraby upon not only our city's commerce. but
20 S % q rsesaS tas sS Dc Ire
p
sgae the affairs Of tue road and who that the posi-
could well be. Interests cross and conflict with each
Ava pawer hse Se se I5 b
wilderils TO an outsider 6ut one purpose Is always
one effect Is always lisibe--wreck ana run there
have Of money % purposes for which It
such as that OF renting the Pithole line. eleven
r SO G ns ana Re nS
line for $SQt0.O, the one being yalueless and the
have been freely decreed where no surplus earnings
" to The President Tor Sss at tne instance c creditor
ior $SCl II cost the Audnnc an ana Great Western ne
berry has regned one Instance beng gwen
persons eng .ged In workng II, including chief en-
Eineer with sa.ary Of 5000 per annum an, 60,
such frauds ihese and It believed thai is fu OF
hsse M b Be nesa as
zeal shUw the them qR SS o SuSe Spn f
the Union Central Pacific railroads shows that the
toc xhoders in the Atantc and Great Western which
% have been issued by the Union and Central
Pacific railroads Of which not 0nehalf were ever paid
pay dividends the entire mass Of obligations thus
the nerest of powerful rings of ndiSd1ss
10 the great detrmea Of the public Acts giving mil
tSee rings have been obbed through Congress and the
IL Se oa P Raread S eSe
mas area Snethird larger than The States Of ssssa
Pacific nearly much more while the Northern Pacific
Unlimited amounts Of public LANDS and money
s { snd soS Ssd any ~ g @
posed which would protect the p9ec interest There is
from subseryient LEGISLATURES a5oyins the grossest
G Ps wsnss Capital h
OF remission OF taxes on railway properly the establish
which reVenaes nave been diverted from eslmate
and other acts q axe Axe n5sss 5shdias 70 enrich
show the necessity Of organized body whose bust
public in our uansp portation system.
snee ITS org has tried to do ana while doubt
less owing to nsxperience ana want OF data we have
have ample ca use for sncGnTiqgemeprt
Ms.sacnussss Of Which Mr. Charles Francis Adams Jr
we 1a s lGewse Scss on @
part OF the community secured The sense Of ac-
the necessity Of dealing equitably under heavy re.
Which e Exists between fsoad
and a manufacturing eompany-al these material prin
Ssccosniion Of these PRINCIPLES incident to the
w se item # h s Of pOpa anger w w Sey
very naturally proSosed, ,o e74k n.. ..o, ...o.
that much lower rss,s for ransporaon prevsIsd aaf-
s OWING 10 al and improved manage ment the
net earnings Were nsary equal to those q the previous
suit ofpuoc opinion being brought to bear upon ihe de-
Mobiiier fast freight lines constructing companIes
bridge an sqppy AMI s0sesas % wTe HneT s
rich themselves at the expense OF the stockholders are
eeenomieal infringement lover rates can
given TO the pubic without deriment to he interest
Now venture TO assert that thl. association has had
Brought about these results than any cause. The
@ I T wh ths S hHe % So
Throughout the land both hroush the medium OF
documents which have issued, have all had their
influence. and where before people were uniformed
and consequently Indifferent they now to some extent
they I'm with all others OF the mercial
Gpcing and consuming classes ply In il
We have been active in advancing our local interests
The OF elevators, toge sher with the
OF grading gram which is assured fact and
Of the greatest steps forward which New York has
reduction Of the terminal charges grain the reduc
water fronts rapid transit &c All these we done
our best ard and with more or less We
have consistently advocated the construction of trunk
line OF railrosd 10 the West to be but on hardpan
the commerce OF New York as the Baltimore and Ohio
Ia in the interest Of Baltimore While the times have
been propltous for the Launching Of such project
data showing the cost and capabilities OF such
a road, alf Of which point In the strongest
freight at half the average rses which have been
charged during the past i've years by our present
fated trunk lines, aud yet pay fair rates capital
commerce can be Appreciated BY anv merchan who
has endeavored 70 hold bis trace in the lace Of lower
rates OF freight other trd proper
the consideration OF the merchants and real estate
owners city. In conclusion, may say that
I'd have gained experience, knowledge and friends.
We have ample announcement 70 eontnus in our
nope for better results in the future
Resolutions OF coincidence were passed In refer
ence TO the death OF Mr. George L. Frank, ana q
copy ordered to be sent to the family. After the
acceptance OF large number Of new member
ships and reception OF partial report from the
delegates to the National Board OF Trade and
report from the Bunker Hill Visiting Committee,
the association adjourned.
HEALTH DEPARTMENT.