, 1876-04-20

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THE POOL RUN DRY.
Tha pool Of tie railroads lending from thiu
city to tho East died yesterday, after protract-
Cd ilnoes. 1t lad oonyulBionn and srasms for
Some linlo past, aud Oil soyoral occassons It was
thought to bo dead, but always rallied again
sufficiently to give Its nnraos mora trouble.
ton, mud besides Col. Thomas S%,ott and Com.
modore Vanderbilt thera Kro but fow who mourn
It's enrly donlise
Ia las alroaly boon stated In Tie TRIBUNE,
tho tuanagorH Of tho pool lave boon fighting
tlls atrorts Of Scott md Vanderbilt run
turo would have taken place long ago, t,ho
meeting Ut the pool managers III thls city last
week WIS all unusually excited ono. aIr. Now
ell. tim General Manager of the Michigan
Southern 1tailroad, waA accused by ATr. Joy aud
Mr.. Mccullough Ut having violated tho agfoe-
mont and cut rates from pDintB iu Michigan,
Mr. Ncwoll admitted this fact, but olnlmed flat
ho waH compolled to do no by the actloB Of tho
5ttclligan Central llR!lroMl, which allowed the
unuu Trunk to make ratca OIL iss limo. htr. Joy
eta.ed Lint It WIS MI outrage to expect hin, to
break up his Proudly rolntions with tho Grand
Ttunk. the boRt Of oil hls connections. uo wns
certain tllat Dir. NcwolTH desire waa to ruin tho
Michigan Central by cutting it OF fIom its cou-
uecttons.
Matters bccamo 30 hot that Mr. Joy, 1t Ia said.
left tho room Whote the meeting was hold in l.
great. passion. Since that tina great ctfor.n
laso boen made by Scott md Vanderbilt to houI
Tho breach, and as G final roBork thoy summoned
tho pool managers TO hew York for couhlIttn-
ton. It was hold Tuesda7, md tho rosult VIVA
tho bursting OF tho obnoxious pool. It waa
ro,iud that tho breach botweon tho various JInns
waH no wlde that nothing con!d c1oBo It. A State
1nent waa made that tho Mlchigan Boutnorn hal
hcen cutting the regular tarltf-rateB 8inc9 Inst
Saturday, mid when upbrat,lod for II n,4uounccd
lsH withdrawal from tho pool, and tho meeting
n6s at all ena.
In consequence Of this the ralos to tho East
arc entirely ottt OF joint aud fratEl,s aro takan
considerably belO" tha regular tariff rates. ies-
tc1day homo Of tho foadH contracted for grain to
27 contB, aud to Baltimore ut 20 couts. Fuusts-
class freightg have aleo tnmb1ad down. and aro
being tak0n al So and 80 centa per 100 from CHI
cago to New York. Both the Michigan Central anl
Michigan Southern Railroads SCUM to he ponsol
that tho pool has collapsed, uI1 It III not likojy
TINT another such arrangement will bc at
temptod, though tho l'ikssburg Il Fo.t Wayne
desires it. Tho GFaud Trunk and tho Eric Rail-
roatla have both Informed tho aliehga:, Can't al
that they will stand by II II ,lossrs. sco.t md
Vanderbilt make WAT upon 1t, and 1t ~ t4ore-
fore prepared for tho issue. Tim following III
teryiow OF q representative Of si4o Detroit Etre
Press with President Joy OF tho Michigan Gen.
tral, regarding tho troubles os the poll, will to
Of interest
III approaching tho snhIccs the re?ortcr called Me.
Joya attention to tito New York shs tbs cum
pact between tho lines ssat oi Cncaso was broken by
tic Michigan Ceura and that 1t was likely 10 bo fut-
lowed by 4 rupture aiming tls trunk lines east
"Spk 10" raid hfr Joy and you csu zee that i,,rt
now tho question, who breaks tie pool IL of son,s
importance"
lrlorter-" It would bo interesting to know tle rr>.
cfse CAUSE Of tic tru,ihic and II you are no occt,u
to furnishing tho Information tho Prcs FfesS would
Ie glad to lay 1t before tho puhlic,r
Mr. Joy-"Tho qusstion Ia Of considerable into.set,
and ~ tho story Ia Aoou told ROO no reason for Will.
holding tic information you eoek,"
neporter-" VIII you plcasa state, then, how tbs
aIr. JOY" II yo.. pursue Tho Rubfect far euo11Rb
thiuk yo will ieszn that tho fault i,ot 0y ,loos not
LID with tho managers Of tie Michigan Central hut
that in addition Ia breaking the poo compact BY nt,.
other company thy which Mr. Joy IL understood 10
have meant ihe Lake Shore Michigan toutlorn-I,p-
porter, It ax employed sharp practice poa the
M1ehigan Central 10 Het nonay from th4t UJtnp,uya
1sporter-" What. in brief, were thu tostua Of tho
rool7" ........
Mr. Joy" Under tho rool agreement between tho
Michigan Central, Lake Bhora Michigan Aouthurn,
and tia Nttshnr8 / Fort Wayno Iso.ds tho Company
which surplus aboyo tho basis Of tic pool pays
It to tho other Comlanica which 1nhy bare oatned
less than ther proportion. It has turned out tt.at
tho Michigan Central earns ro atyey this most ,onsy.
anu there lad become duo to tho Lake Blure b Mich-
gan Southern about $20.ou0. Tho pool agrecment in
for two yuas, sud the uluso advantages of te pool
conattsnto tha roasou why Of tho Companies cstn-