, 1877-07-09
THE RAILROADS.
T,<39I.1Sf4 PAINTINGS.

POOLING EARNINGS.
The frequent railroad wars during the last
few years, and the consequent failure Of many
Of the roads In this country, hare caused a re-
act'o,,t and thcroIs NOW d prospect Of stoppagc
Of all competition and consequent high rates.
Whenever there ato several roads competing
for tho same business, they Join together and
pool their earnings, thus doing away with tho
incentive for breaking rates. Il large number
anti several others arc contemplated. IL Is I'm
probable, howcyer, that this state Of ntIalta VII
continue any length of time, for ttus fat but
one pool has worked satisfactorily, and this il
Rock M Island L pa:idr, The Chicago, i}ariing'-
ton Il Quincy, md the Chicago Il North
western Railroads, better known us the down-
pool THIS rool worked well. bcvause
to make, and traverse the same sect!nn of
country. Brst1re, they nll have tuconucct With
the same road,-tlic Union Tarlfic. But the
principal sccrct ii tho success Of this POOL IA tho
fact that It had all tho necessary competition by
thc Ut. L,ais roaltb, anti IL had 70 maintain
reasonable rates. to prevent tho business from
being directed 10 that city.
.at Sss o fau NV Yes sn Encs
the New York Central, tho Eric, tho pcnneyl-
yanta, and the Baltimore sE Ohio Railroads, on
tis Nest bound business: This pool went into
roats to repair their losses during The last fcw
ttcrc is a possibility Of .tts going TO pieces
in les. than six months, as mud, eun.ity
rorR sears . mssshant Sa s PAY me M tss Sex e
life Of this pool depends entirely on tho rates
tho managers Of tho roads belonging TO It will
make. Il they maintain fall, md equitable
unreasonable rates arc demanded. as In the lat
ter ca4o tho shIppers would undoubtedly find
some means OF redress. This has tecn proven
] hy tic packers OF this city. when they recently
forced the roads to come down With the meat
raics.
Another important pooling agreement Is that
between the New York Central and Erle Rail
roads, under " wn'el al traffic oetxeen Nc" YORK
west Of Rochester will bc pooled and an cqu1ta-
bic diyistun made OH ali local busincss
to and from points at which the two roads com;
buffalo and nearly alt the Intermediate points
Ut anv Importance, alla their competition has
usually kept rates pretty low, and for year .or
two past the Eric has made special rates for
= than the New York Cenfral's rates.. some
thing over year ago tho roals leading East
FROM Chicago pou!cd their live stock business.
This pool has worked very dlsastrously for Cal,
not tho St. Louis roasls decided few days ago
70 form similar pool:: stll it is yery doubtful
whether TIL. combination will ,aussive.
Ut. Louis managers consented to
pool their livestock business provides Tint
| they should charge hut cents Der hundred
! pounds, Or $40 per car inorc than II charged
| from tllic1go. Tie tliffcrcucc, based GU mite
ago should ho and always has been about y centa
per hundred pounds. II ia i,nruly probable that
/ the Michigan Central and Michigan Southern
can stand this discrimination III favor Of 81.
! Louis q considerable length Of time.
] Tlcrr aro 6escra! other railroad pools ln ex-
istcnco at present, somc Of which work sattsfac-
tortly, while others do not. Among those
| Which do not Is tho mol OF tho Southern rail-
rosds, known as TIC Southern Railway Associa-
! uou. This combination has been on Tho whole
Intellectual, because, as It secius, there has tscc.
! u shocking lack Of good faith on the part Of
solnc Of tie companies belonging to II, aud no
| wnY to cntore the agreement.
fhe pool Of the ruflroatls 1cading from Chica-
70 and st. Louis to Missouri River points,
known ~ the Southwestern Railroad Rate As-
socAtlou, 10 also suffering from faithlcssncsa on
tho part Of ono Of tMn OF tiu roads belonging to
tho combination. Tne pool on tho Ct. raut bur.
lrlesh between tho Chicago Il Northwestern md
Chicago. Milwaukee d St. Paul Railroads works
quito satisfactorily. ~ docs tho pool on tho 81.
Louis business between the Chicago Is Alton
aud Illinois Contral Railroads