New-York tribune., 1875-02-03
FINANCIAL INTERESTS.

CONSULTATION CONCERNING FREIGHTS.
THR MEETING OF RAILWAY MEN TO DECIDE oN
HARMONY or ACTION-vIEwS OF BEPRESENlA-
TIvES or INTERESTED LINES.
A very important meeting OF rallroau olh-
csls VIII be held to-day at the ST. Nicholas ho'e' lor
the purpose OF regulating possible, the question Oh
freighs - the Saratoga compact has iDeen ionu 10
work disadvantaGeOusly to some railroad companies
and has instances been indrecuy II hot Openly
disregardcd IL was found necessary TO call this meet
ing In order 10 secure some amicable arrangement.
Representatives several Of the railroads Interested
arrived IN this city yesterday. and an informal meeting
OF the presidents held last evening 10 consult as
70 the best means TO be adopted 10 secure har-
mony of effort larger number OF represen-
tatyes Is expected to TODAY, and the meeting is
lxey 10 DO very largo although not perhaps 80
harmonious might be desired by those who are III
terested the trunk lines. TRIBUNE reporter con-
yersea last with several Of the railway repre-
senta,ives Although tho majority very reticent
on the subject OF the business which had called them To-
cether they all agreed that was necessary that some
thing should be done speedily the carrying trade OF
not few roads would be entirely ruined
Commissioner wadsworib OF Chicago said that he had
beon invited to New-YOrk 70 attend the meeung; pu'
as he had not seen any Of tho other commissioners
no bad no positive knowledge OF what the business
was to be He supposed il for he purpose OF coming
10 some amicable arrangement as TO the matter OF
freghts lie did not see how tho rates could DO madS
any lower on EastbOund freight. He knew nothlng OF
the West bound business. The companies were no"
carrying freight cents per 100 pounds from ChcaGo
and that did not pay running expenses. great many
false reports had been sent TO Eewfork from Cnoago
relative To onarres between different rsilroad oompa-
pes which had no existence except in the mind 81 the
person sending the report Tho first iutimaton OF such
ousrrels was generally learned In Chicago from the
NewYork press. IL true that rates had Deea re-
duced from IS cents TO 32 cents tins had not arisen
H.. had bpau m
He believed that no otner Commissioner from the West
had n town bat himself, aHicusn 0'Aers "c'o
g r. Grcggs Of the Indianapolis BLOOMINGTON and
Western Railroad said that MS Compdny had heeh com
PEELED abide by the rates hxed under the oaraosa
compact although he psrsoDalJ wa "S,I} tpcraiIv
tue system. IL unjust TO the railroans gene,at
Freight had hauled bs ROAD at chicago rates
for 29l mcs, thc prorae not Deug su,ent 70 py Sop
ordinary working expenses nu ' a. ne was Vea,aes @
fixed by are Western COmuis>"ueiS AT 81 cents Per
100 the total rate Chicago was less than three
might result IN some better arrangeiaen5 but hs was was
nfcad would not what win the cfaDgers' V une
panic nBd multiplicity Of other causes, there ntI not
Sosn money made IN the railroad business Io' Tie
AZ lie Ra road Commissioners office in Broadway It
was reported yesterday that he Eatern
I n " Saicrsto1d however that the rates for
wert-bOund freights would Oe mantalned. several OF
the fegnt agents said that, ali hough the hoped tns
rates nilat he maintained, tney afraid that with
Boston. Baltimore and New Orleans Offering greater
come by way Of Sew-York alter a few months, unless
some change was speedily made one OF the lre.ght
agents showed the reporter copy Of letNr sent 10
him by c. ". Hubbard & Coz brokers IN soda ASH, ana
had beeu received by them from one OF thelt Gus
tuners. The following l. a copy of ne letter: -.
NEw ALBANr. Indiana, Jsu. II, 1873.
G. W. Co.. Neg York k.-iRSTLEhKSi When
S3 paid 25 from Sew Oeans ana
carriage m'de 30 cents Now New
Is ohr Tor months al not
ss ~ cer. advanced 10 Al cents The eject
NeNOda-s, Which We row oonR tDo
you charge the prohibition rate MeMe 10
recep 1h Au for the above reasons decline to
wats yoa en- Offer Tor NewYork II will TO deliver
EewOean AeSOneanS vii make y0G tn oHI oi
Respectfully w y ps FA.N
The freight agent said that in this way the trade OF
Eew-YUk diverted into other channels, as unuer
tae decision OF the CommlSsODers and with the hlgh
rates OF Wharfage etc, t was impossible Tor Nun 10
make any ohcI which would compete with tho now
ann