New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1877-04-06
A NEW RAIL WAY COMPACT.
THE TRUNK LINES AGAIN AT PEACE.

The 1hUNh LINES AuhlN Al ibhND'
RESULT OF THR OBSERVATION-DISCLOSURES OF TWO
CENTS TO PHILADELPHIA AND THREE CrNTs TO
BALTIMORE, AGAINST NEw-YoRK, ON EASTWARD
BOUND FREIGHT
The conference between the representatives OF the
four trunk lines begun on Wednesday, was con-
cuded Yesterday at the BrevOort House. There
were present yesterday William II. Vanderbilt OF
the New-York Central, Hugh j. Jewett and Mr..
Blanchard of the Erie Col Thomas A. Scott
and Mr.. Cassat of the Pennsylvania central
and John w. Garrett Of the Baltimore
and Ohio. Railroad men were of the opinion that the
members of the conference had entered TINS time
into the details of the tariff; that they had had
enough of agreements, couched in few specihc ana
more general terms, which permitted OF discretionary
Interpretation in few matters leading gradually
up to selfish Interpretation OF the whole agree
ment.
1t is said that Mr. Vanderbilt and Mr.. Jewett. in
this last agreement have pursued a common policy.
Mr.. Vanderbilt has shown that his patience with
"compacts made to be broken" at an end. and 1t
is intimated by New-York railroad men that here
after the good faith Of the Northern lines will be
understood to be contingent on the fidelity with
which the Baltimore and Ohio lives up
to the conditions of the agreement. 1t is said that
the railway presidents who have heretofore played
the part of willy diplomats not only suspectln2 the
good faith but also the ability of each Other came
to this last conference feeling common respect
for each other. Before 1t was announcer
that an understanding had been reached. railroad
men were confident the conference would result
satisfactorily. 1t was doubted if higher rate OF
tariff would much improve the prospects OF the
trunk lines as business is dull and Western shippers
have written that it will not pay to move wheat to
the seaboard even at 20 cents.
The agreement provides for the substitution OF
fixed difference of three cents hundred pounds in
favor of Baltimore, and two cents hundred pounds
in favor of Philadelphia, as against New-York, on
freight in place of the percentage differ
euces established by the December compact. On
west-bound freight to competitive points the same
difference shall be made on third, fourth, ana
special classes, but on first and second
classes the charges shall be eight cents less from
Baltimore and six cents less from Philadelphia than
from New-YOrk. The agreement, 1t is declared Is
intended to be permanent hut may be modified after
three months notice by mutual consent The full
text of the agreement il as follows:
Memorandum of agreement made this 9th day OF
April A. ID. 1877, between the New-1Ork Central
and Hudson RIVER Railroad Company, the Erie Rail
way Company, by II. j. Jewett, receiver, the Penn,
sylvania Railroad Company, and the Baltimore anu
Ohio Railroad Company, wltnesseth:
To avoid all future misunderstanding IN respect 10
the geographical advantages disadvantages oi the
cities of Baltimore, Philadelphia and New-i1 as
affected by ra and ocean transportation, ana WIN
the view of eecting equalization OF the aggre-
gate cost of rail and ocean Transportation between
all competitive points In the west Noith-Nes anu
Southwest and all domestic or foreign ports
reached through the above cities II is agreed,
First That in lieu of the percentage differences
heretofore agreed upon there shall DC Gea afenoos
petitlye points beyond the western terminus OF the
trunk lines whether freight shipped for local con;
sumption shipped locally and a1tcrward exported
Ior fnrd
be as follows: Three ;}) cents less per hundred 10
Baltimore and two (2l cents less per hundred 10
Philadelphia than the agreed rates established from
time to time to NewYOIk and all such traffic shall
I've billed at the rate thus fixed, and no export or
other drawback shall be paid thereon; u Deing lur-
thcr agreed that the cost TO the shipper OF denver
ing grain al each port from the terminus OF each OF
the roads to the vcsse in which 1t IS exported, as
well as the number of days free storage allowed
thereon. shall be the same.
Second: That the rates to Boston shall at no time
be less than those to NewYOrk on domestic or Tor
eign freights. .,.,, III,
of adng be issued neither of the parties hereto VIII
accept as It's proportion less than It's current local
rates to its seaboard ternn but no joint rail and
ocean sail bills of ladng shall be given or recognized
'FontE That ON ali west-bound traffic passing
the the parties hereto from competitive points
at or east of their respective eastern terii 10 all
competitive points west, northwest, or southwest
of their western term tG heoW w Yorf
shall on third class fourth class and special DE the
same as the differences fixed on east,bound Dus-
ness and on first and second classes eight " cents
less per hundred from Baltimore. and SIX (6) cents
less Der hundned from Philadelphia than the agreed
rates from New-York and that after existing con
tracts governing foreig en- business can be terminated
neither of the parties hereto will accept as its pro-
norton of the through ocean steam and rail rates.
less than the established local rates .
Fifh: All agreements inconsistent hereWlth are
hereby annulled. NJ,
In witness whereof the parties hereto have affixed
their signatures the day and year aforesaid TO this
4, t,.t.t InIf IN hn nsT
if either party desires modification, three months
notice must be given Of such desire, said modlhca-
tions TO be made by mutual agreement;
Stoned. Ncw-Y0rk Central and Hudson River
r X, Co. by W. II. Vanderbilt, V!ce-Presldent:
The Eric Railway Co.. by IL. J. Jewett, Receiver.
The Pennsylvania X. K. Co., by Thomas a. Scott
The Baltimore and Ohio II. r. Co., by John W.
Garrett President.
RAILROAD DISASTER.