The Wheeling daily register. [volume] (Wheeling, W. Va.) 1864-1878, 1877-04-06
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NIw YoaK, April 6-Nsmorandum
of agreement made this 9Th day Of April,
1871, between the New York Csntraland
Hudson River Railroad Company the
Erie Railroad Company. by H. J. Jew
ett receiver, the Pennsylyaaia Railroad
Company and the Baltimore and Ohio
Railroad Company: Witnesseth. that
TO avoid oil future Misunderstanding 10
respect to the geographical advantages
or dissdvaI tagss Of the cities Of Balti-
more Philsdelphia and New York, -
affected by rail and ocean transportation,
and with . view Of affecting an equalixa-
ton Of the aggregate cost OF rail and
ocean transportation between competing
points northwest and southwest and oil
the domestic or foreign ports reached
through the above cities, II 10 agreed,
drst that in lieu OF the psicentage differ.
ences heretofore agreed upon, there snsll
be fixed differences upon rates on all
east boundkrafic from competitive points
beyond the western terminus OF the
trunk lines, whether on freight shipped
for local consumption or shipped locally
and afterwards exported or shipped
for direct export. These differences
shall be as follows: 8 cents less per 100
70 Baltimore and 2 cents less per 100 70
Philadelphia than the agreed rates estab-
lished from time to time TO New York,
and all such traffic shall be billed at the
rates thus fixed, and no export or other
drawback shall DO paid thereon. II
being further agreed that the cost 10
shippers delivering grain at each port
from the terminus Of each road TO the
vessel in which il is exported, - well -
the number OF days. free storeage allow
cd thereon, shall be the same.
Second-That the rates 10 Boston shall
at no time be less than those 10 New
York on domestic or foreign freights.
Third-Should rail and ocean steam
through bills OF ladlng be issued neither
of the parties hereto will accept - its
proportion less than its current local
rates 10 its seaboard terminus, but no
joint and ocean sail bills of lAding shall
be given or recognized by the parties
hereto.
Fourth-That on oil west bound trsf-
fc passing over tho roads OF
the parties hereto from competing points
at or east of their respective eastern
termini TO sll competing points west,
northwest or southwest Of their western
terminl, the differences in the rates
from Baltimore and Philadelphia below
Now York, shall on third and fourth
class and special, DO the same n the
differences fixed on east bound business.
and on the frst and second classes cents
less per hundred for Philadelphia than the
agreed rates from New York, and that
after the existing contracts govern
ing foreign business can DO ter
minated neither parties hereto will
accept 1 Its part Of through ocean
steam and rail loss than the established
local rates.
Fifth - All agreements inconsistent
herewith are hereby annulled.
In witness whereof the parties hereto
have affixed their seals to this instrument,
which is intended TO DO permanent, but
If either party desires modification, threo
months notice must be given Of such
desire, said modification " DO made by
mutual agreement.
[Signed] New York Central and Hud.
ton River Railroad Company by W.
ii. Vanderbilt, President; the Erie
Railroad Company by II. j. Jewstt,
Receiver; the Pennsylvsnia Railroad
Company by Thomas A. Scott, Presi.
dent; the Baltimore and Ohio Railroad
Company by John w. Garrett, Presi-
dent.
CHICAGO, April DIN view Of the
harmony Of interests which, according
to sdvices private aud public, has just
been effected by the presidents Of tho
trunk lines in their meetings in New
York, it Is not expected that freight
rates will advance, since navigation will
so soon be open, but IL Is expected that
the rate Of grain will be 26 cents psr
100 pounds from Chicago TO New York,
and that passenger rates will be advanced
Immediately.
The Illinois Central has abolished the
offices Of chief engineer and division ca
giReer, and after May lh the division
will assume the duties Of
their positions. The excellent condition
OF the road renders them superAuous.