New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1876-11-27

may be reduced Production IL not only required.
but the produce must be sold and not allowed 70 rot
and waste. Much stress at present is aid upon the
importation of gold. But this, il VIC are rightly in
formed is the result of the negotiation OF the new
412 per cent Governments, being the payments fox
those taken abroad. in advances OF collecting the
called 520s which, whom they become due, win re-
oure from us over R25, 0OO, 000 exchange or gold.
for the proportion held there. The commercial and
mercantile interest of this country would have q
much better immediate outlook if our bonded
debts were all held at hOme so thet annual in
terest dnes TO European item seldom taken in
count by those who talk about the balance Of
trade'-were nothing. Many corporation to-day
would be in s0under financial condition il it had
been unable to negotiate its foreign loans. good
credit has induced knavery, extravaganza, and
waste These errors Of 10 10 years are not to be
corrected in q day or month. The country has
reveled in Injuries on borrowed money aud pay
day approaching we hayo but little to show in
the way of assets for the capital consumed. Hence
gradual saving from our future eaTnng % Is REQUESTS
10 the reaching of "hardpan," and not The BE-
newal and extension OF debts already over
burtlensome. We have had cur dance at ee
expense of mortgsging our future, and honesty AID
the piper require that the finn shall now cease. The
operations at the Stock Exchange daring the week
have been umimpertant rejecting an undecided Jet
struggling speculation Seemingly the effort OF
leading speculators including railway officials
is to confuse the minds of operators and the public
as to the past and present Stains of the railway
One day it is asserted that settlement has been
reached by an agreement that all competing business
(meaning thereby productions intended for EXPORT
shall he the same to all the seaports, but that the
Baltimore and Ohio and Pennsylvania railroads shall
be entitled to lower rates. according TO their shorter
distances on local business, or that intended
for consumption at and about Philadelphia
and Baltimore. Under such an arrangement 10
is easy to foresee that the local Traffic, or the con-
suming capacities of Philadelphia and Baltimore
would assume proportions which would threaten
famine, while the competing business of the
Baltimore and Ohio and Pennsy vania railroadswOuld
be reduced to nothing Again the righteousness
of such an arrangement Is demonstrated by
the fact that if there is any business On which
the two Southern roads can charge high rates
# is upon that which is now consumed in their
own communities. Such traffic viii go there
direct under all circumstances, and there is no
necessity FOR the roads doing it at less than
regular rates. Most railroads, including the
Central and Hudson, tax upon such business three
aud four times the charge upon that which is conf
petitive Again, much ado is made about the rates
recently established for the transportation OF fresh
meats, and the President Of the Michigan Central
Railway is stated to have said that the rates on this
class have been Advanced to within i've cents OF
last Winters rates." and that it is the first step
toward a general advance, &c, &c. When were
the rates on fresh meets reducedf Ii is not neces
sary 10 state that during tho Summer months It
is simply impossible TO ship fresh meats from
Chicago TO New-York except by refrigerator cars.
Therefore this trade was well nigh if not entirely
over before the break in other rates occurred lest
March, so that practically there have been no rates
since until now when the season for such shipments
is about 10 reopen, the rates established at i've
cents lower than last seasons" Although this class
of business always commanded special rates because
of the uershable nature Of the freight, it may be
questionable in the existing state OF other raics
these rates will long be maintained 80
much-as we are informed by good authority-is tho
Importance to be attached to point that has been
we'll used TO advance the prices Of fancy stocks Now
has the vital principle" about which SO much has
been said been maintained for single day by the
railroads running toward New-Yorkl While it is
beyond a doubt that Mr.. Vanderbilt has made
special contracts by rail and lake to and from New
York at lower rates than has been done 10 or from
Philadelphia and Baltimore, yet The Chicago Inter
OCEAN states that the following arc the rates by rail-
of freight from Chicago to the points named Tor tho
following articles: