The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1877-06-10
WILLIAM H. VANDERBILT.

sPEcUIATIoSs ON THE RESULT OF MS MISSION
IN KUEoPE-AwAITINo HIS RETURN
In financial circles and business quarters generally
there was. yesterday, grca, deal Of discussion on
account Of the expected arrival o. President
William II. Vanderbilt, OF the New york Central ard
Hudson River Railroad Company. Il was IN
dersood from what Mr.. Vanderbilt had said previous
TO MS departure for Europe the I'd o. month
thai he would make his visit there brief he pos
siby could while attending the business which he
had In contemplation and 1 she same time secure
needed rest and relaxation from his arduous duties
and the OF the OF the past year No one,
however appeared TO believe ,ha, he would return
tins early day.
Mr.. Vanderbilt, has been very successful in Keeping
the public generally from insight his plans and
has seemed 10 be working for their completion, far
as possible, before ,heir real purpor, shall become
known l@4 .s
srs OBJECT ABRoAn
As was announced a. the sime, there - bu, little
doubt that the primo object oil MI yandcrbiits
10 Europe was the hope Of bcnS able 10 encc,
some arrangement, for the transportation ,ro,shu
which would relieve his roads from the
which have continually beset II In common with the
management OF other trunk lines, on account OF the
frequent Misunderstanding and regard.
irs freight tariffs; and also put him position
only TO hold his own tar the Eastern bound
concerned,
but enable him 10 act entirely Independent OF any
tract or agreement whatever II ne should deem u OK
pedient TO do 90. ......e
A gentleman who is In position to know much con-
corning thc attitude OF shs New York Central this
regard when inquired Of as 10 the correctness Of
foregoing statements, said last evening that while
neither he nor probably New
York Contra! except Mr.. Vanderbilt hmseii could
positive answer, yet there not the slightest
for doubt that Mr. yanderb!ts visit 10 EUROPE was
premeditatcd and carried with tho intent and for
The purposes already mentioned. There has been
VAN n
such a course.
REroKTKR--what do you consider tho creates, Of tho
dihcrcs that Mr. vanderbilt has had 10 confr0ntS
There have been multitude, but perhaps tho
greatest of them all has been the lack OF integrity
the part OF some OF Tho other trunk lines 10 tote iar
in the matter Of Eastern oound ireigbts The
complaint, Al everybody knows, has frequently been
nncty-nine one-hundrcdths Of the contracts 81 tho
Now ofk Central do not expire until the LIST prox,
tor p 20 Se 70 ,ne
sad feels much less concerned about that bra0ch OF
the business OF tho lino.''
wEsr-BoCSp YREIGmrs
Observation-Disclosures this you might think
that Mr. Vanderbilt has shortened his vtst to Enropo
on account Of shc agreement with regard Vest
bound Ireights Your remark shat his contracts 10
not expire Ill July may be misunderstood.
IA. al" sss S Ssv' =:
sss.ss; even saasr nj. hast gssss q.
disagrecments, his arrival here this SINE A1oras
MIN plenty Of opportunity 10 guard against HEM
viii arse. No. the real trouble Is that under the
agreements which have heretofore extsted regard 10
Eastern bound Te,sns there has been cu!tns anacr
New York Central, while on tho face OF the trans.
actions o. the other lines n did not 50
appear. This has been carried on through system
OF rebate, whereby the competing runk lines indi-
rcctIy received from the vessel receiving tho grain
portion OF such drawback. OF course .ths system,
whether carried On openly or covertIy between the
shippers, receivers and the railroad companies,
worked to the injury Of the Now York Cen.
no a
New York, ana transferred II to Balti-
more ana Philadelphia Boston, too, came IN
Tor her share under TINS system, and comparison
month by month of the Official statistics OF last year
viii show at glance reduction in favor Of tho thrcc
parts ABOVE named against Now York notwithstanding
the agreement OF the percentage before MENTIONED.
REroKrkK-Then you consider tho objections con-
corning the terminal facilities for handling gram at
the port Of New York lees than represented
all other things being equal.
'ln reply TO that viii you 10 Superintcnd
Grant, Of the Produce Exchange, who VIII inform
You that OF tho twenty per cent IN lnyor Of the
ports OF Baltimore, Philadelphia and Boston ono
& tho her port d Now YORK rsss ,ensSs" Vi" ,s
you snhs Whatever msy no the objections 30 tho
iiou against New York rs not chsrxsable 10 that
system. He viii also inform you. think, that what
ever arrangements Mr.. Vanderbilt may make, his
present agreements with the Produce exchange viii
not be Affected IN any way. As matter almost Of
certainty tho same may be stated IN relation TO the
existing agreements between tho Eric Railway Com.
pany and tho Produce Exchange, although the Erie
Company, as is well known, has subsidized line Of
the Baltimore and Ohio road and the Pcnnsyivania
Central already having control OF similar lines, IN
addition to tho very important matter Of drawbacks
on grain shipments
KxrKxDryG THE AMERICAN xAarSx.
II would Ike 10 ask you." continued he, 'Hf IL
would be considered strange TOR M Vanderbilt 70 try
TO protect himself IN this matter, and while no
about II, look over tho ground, on the other
side, with view OF placing himself, as have al
ready intimated, n position TO act entirely
independent, VI circumstances should seem 10 demand
It, There has been great deal abou, tho depar.
ture oil Mt vanderbilt Just al the time when tho icei
Ing that there was gong TO DO general European
was gaining strength and that no may have anticipated
that an opportunity would riso when he might conir
butte, perhaps, more eDcctualy Than any other
corporal To tho rehabilitation Of tho merchant ns-
rnc OF America. Whether these surmses
not don't undertake 10 say, but tins do know. that
Senator W. w. Eaton, oil Connecticut who happened
to be stopping at the Now York Hotel about that timc.
and who Is enthusiastic the subject OF repeating
the prcsen, legation laws Tor the purpose Afford
ing an opportunity for the rccupcration Of
ncrcc III the event OF general war, referred to Mr.
Vanderbilts visit 10 Europe and the Efforts he
making 10 restore ana protect Inc sh pmcnts Of the
port New ork lost opportunity the OF he
government Of course Eaton said that he fault
lay win the parties who responsible for defeating
the calling ot an earlier extra session OF Congress.
think that am authorized 10 say that however strong
Senator Eaons convictions may be In thus respect Mr.
political bins and solely Tor the protection OF tho
business interests OF the road he represents and which
II largely component influence IN protecting tho
trade ana prosperity Of this city
LOOKING FOR THE BRITTAXIC
Al eight o'clock yesterday mornipg o throng OF
bravcy dressed men assembled ut the foot OF pier Is
North River and proceeded board the Jonp IL
Stnrin n steumbont n The Nov Unvcr Tina .ro,. al