New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1875-03-17
FINANCIAL TIL EMES.
THE RAILROAD WAR.

RATES BY THE THREE TRUNK LINEs-THE ACTION
OF THE INDIANAPOLIS AND ST. PAUL RAILROAD
STILL DIsAPPRovED oF-vIEws or PRESIDENT
JEwETT OF TuR ERIE ROAD.
The railroad war eliminated yesterday in
general reduction OF rates for freight from this city pf
the three trunk oes and tariff will 60 into ehect
this morning with the following rates to Chicago; frs
class freight rs cents per 100 pounds instead OF g. as
heretofore second GLASS; 70 cents per leo pounds third
class co cents per pounds fourth GLASS; as cents per
100 pounds fifth class IS cents per 100 pounds; conse
sugar. molasses. and strip. 80 cents per ITO Pounu'
Rates other points West will be gagged by tho aooo
schedule. From inquiries made among the heiSn.
agents yesterday this tariff is higher than mas oeeh pau
In several instances during .he past week; for' ho'~ih
standing the statements OF the general freight agents W
the contrary. large quantity of drsicass lresn' ns
been accented by agents OF the three trunk lines lot
several days lower rate than 70 cents per loo
The agents OF the Baltimore ana IOhio ROAD III this cy
said they were ready meet this reduction by carrying
freight at lower than that quoted in the reduced
ls they therefore not afraid OF losing any OF
their customers In consequence OF the new tarn. Inc
publication OF the reduced tariff after all, was only
legazng the rates which, according to Nce-Presideht
Vanderbilt have been charged TO large shippers ior
some time 1t has not prevailed during the whole
Winter II will. however enable the freight agents 10
do openly what has heretofore been done under the
name and disguise contracts, through tho fast
freight lines.
The conflict between the Baltimore and Ohio and the
Pennsylvania Railroads still continues, but without any
change rates beyond that mentioned IN the ABOVE
tariff Nothing Official has been received In TINS CITY
with gard to the proposed settlement OF tue oucu
ties between Canadian railroads. and the
agents stated yesterday that the low rates still pre-
vailed between Buffalo aud Detroit. The agent for the
Michigan Central Railroad said he had received no int
nation that the cutting" OF the Lake Shore and Michi-
gan Southern Railroad had had serious effect on the
operations Of that line nor that any change OF rate
would be made. The Indianapolis and St Louis Rail-
road continued yesterday TO sell tickets from ST. Louis
TO NewYork for So Notwithstanding the circumstances
OF the officers Of tle NewYork Central and Erie Rail-
roads but nothing has been decided by either OF the
NewYork Companies TO the course which should be
adopted by k for the purpose OF stopping the con-
ic IL appears the Western roads have the right
10 fix the rates for east-boGnd passengers and should
the connecting lines not approve thereof. 1t would re-
quire the lapse OF several days, which would 10 occu
pied IN correspondence before anything like compulsory
action could be the roads at the eastern end
OF the route. President Jewett "f the Erie Railway
Company said yesterday that neither the New-York
Central the Eric Companies approved OF the cutting
OF rate. and that they had not authorized it in any
way.
A TRIBUNE reporter called at the Erie Railway Com
pany's o,e yesterday TO ascertain the views OF the
officers of that Company with regard TO the railroad
war. Hugh J. the President. said he had no
He had endcayored TO bring about reconciliation De-
tween the opposing companies; and the correspond
enco had been published, the effect OF BIS mediation
was well known. lie supposed it would have to be lett
20 time, and that the conflict would come to an END
when beth oOntes ants began to take calm and
sensible view of their own actions Tde Erie
Company could do more in the matter unless 1t
went into the conflict opponent, and that was not
deemed advisable. The Erie road was certainly New
York road but would not be wise to carry all kinds Of
freight at uOuTemuncratye rates for the sake OF New
York. The Erie Company would do and had been
doing, ali 1t could TO build mp and uphold New-York.
and when New YurG interests were Threatened by any
sacrifices FOR tn, sake YORK. This denc'd
the fact that suEIr c1ee, molaSse ana sirups were
being the road 10 Chicago for 80 cents per
100 pounds a price that did not pay the carriers;
but as Baltimore was also large
lde at the son1ation of NowYork merchants. and
s an 1 wda SS be So 10 aS
rates for shipping such goods the hs E Es
YORK merchants anu The mercantile community IN GEN
cra When the Boston rate to Clcago was fixed at 70
cents Per 100 pounds waie from Nowf0rk u per lO(
pounds was charged understood that the Grand
Trunk ana the Boston aud Albany roads would restore
get those roads make the rate uniform with New
York the Wy 1k companies lowered t9er ttr mo 10
New York to Chicago This reduction Will 10 into effect
Mr. Jewett SABINE surprised to find that Mr. Van
dor had slated that freight Lad been taken Tor some
time past at basI. OF 70 cents and that contracts had
been made with Shippers. hen 1t the understand
ing that 10 such contracts were to DO made GA the
part OF the Eric lrOId Company he cOuii state that
had never bought to MS knowledge mat any
contracts had been made behalf OF the Efe Company
with any shipper, Largo small. lie had noticed that
MIR Vanderbilt had said that the Erie road mad guaran
feed TO the Transfer Company at New6urgh profit OF
10 per cent 10 order to make the NewE1gdnd oonnec
lion complete. He uid not know where Mr. Vanderbilt
could have obtained such niorn1on as 1t was not cor
rect. There guarantee OF any Kind in the
matter Each parry Interested would share in the
profits pro rata. He SAW no reason at present
why the NewEI gland connection with the Erie road
should b. Toll working operation by the middle or
April; but the branch from Newburgh TO Belydere
would he a matter for tho future although there was
possibility that being also IN WORKING order Dy Dec
l. Toe Erie Company was trying To do paving Ousl-
ness while willing 20 act fairly by The New YORK meI-
chants: bat the rates or freight had been lower this
Winter than ever before, aud the Winter had been q
very sever one The should be uniform from all
the Atlantic Sc ipOrts, but 1t did not seem possible TO
make all the railroad companies see the matter IN TINS
light Tue Gand Trunk Runway Company and the
Baltimore al: OLiO Railroad Company bad never come
into the agreement under winch the rates had Deen
6xed and THIS mad been the man cause OF the whole
roubIe-a strife injurious to the country as
IL was to the railroads