New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1876-08-31

and the decrease Of tonnage and receipts, will do
away with all dividends on their stocks and leave
them in the same pitiable position which the Ere
Railway occupies, when they have their regular
legitimate trade and no moref
The location of tho Centennial Exhibition at Phita-
dclphid has qren the Pennsylvania Railroad great IN
crease in feight and passengers during the past few
months, and by this means q great advantage has
been gained over the rival lines The present APP
parent prosperity Of tho Pennsylvania railroad IL
due to the building of the Centennial City at and
near the Exhibition grOuuds-a mushroom city
which accommodates 100000 people daily. Az the
end of the wear the Exhibition will be closed, and
the extraordinary passen and freight business OF
the Pennsylvania Railroad flowing from tins
source viii be ended. The company Will then be
again in the market borrowing money to pay run
The New-York Central Railroad is in position
much more favorable than that OF the rival trunk
lines for doing an enormous business at low rates
he tracks p1ss thrOugh tho only break OF ample sac
betreen The 81 Laurence and Aldbama in The chain Of
mountains chch presents formidable barrier 10 tines
of rGcel in te eastern part o. ne country, tqnso o
Guently the NeW-YOrk Central has an almost level
road while the trains of its competitors toll over
heavy grades. Its four tracks OF steel rails can
transport an amount OF freight which would over
whelm any one OF ITS rivals, as tney possess Only
ono or two tracks each.
The increase of tonnage for the months of May,
June and July, 1876 over the same months OF
1875, by the Central and Hudson River Railroad
was over 90 per cent by the Lake Shore and Mich
igan Southern Railroad it was over 30 per cent
da Go r SG, dpoSS az s S f"g and GS d )"
the PENNSYLVANIA railroads 10 lose both money and ton
maze while the Central and Hudson aud Lake Shore
railroads increase their tonnage and hold their own
in net receipts This they do account of the ad,
vantageS of possessing level reads and large local
business furnished them by the almost continuous
line of cities and thriving villages through which
they pass from Newly to Chicago.
Tie continuation Oh 50 present suicidal war on
incorporated property which Mr.. Garrett MI scott
and the Eric Railway are waging, VIII soon reduce
the credit of the Baltimore aud Ohio and Pennsyl-
yania railroads 10 the level OF that of Ere.
But these railroad wars viii he continued IN the
future as in the past, UNI, sOmc vigorous measures
itself is permanently established railroad congress,
winch shall have the power by n majority vote to Tx
IRE git and passenger rates between all competing
points for all the railroads which have termlnl ne
the seaboard. Such "a congress might he composed
Of the presidents of the through roads, Win
special commissioners Ippoucd by the governor OF
each of the States trough which the roads run.
This congress would have q" ;nhstdei inc loio"lhS
SubjeCts:
The amount of hG,iut iGc all the roads,
The capacity and .lcl,ft.., 0i each OF the lrunk
lines for doing its STARE y he total.
The minimum 81 race 81! which such business
could be lone at q irr-a ju. congress should de-
eide that passo;igcS l.' na u TO ne governed ny
the same princIp's; liz, ates and fares from each
competing point uugi.I 80 DO determined aud adj
justed by equity. ihe principal daia 0ordnmg me
drerdgnG OF rates and fares, Bcdy by uCd Ought 10 dc
cord trkOiig ich tie continuous chcdpcA,RD o. rdiV0dd
ina by means Of Si6cl rails ard mp Orcd machinery III
railroad Transportation is beng done below IL,
actual cost to-day, then prices should Dc adNancch
TO a paying rate. No great commercial interest Oh
the magnitude of INSTRUMENTATION by railroad
can suffer and any other prosper at the same time
Respeclfuliy RUFUS HATCH.
NeS York. aug, 80. 1876.