New-York tribune., 1877-08-11
gHE RAILROAD POOL.
SUCCESS or THE NEW PLAN.

SUCCESS or THE NEW PLAN.
THE GREAT LOSSES OF THE RAILROAD WAR last
YEAR-PEECFNrAGE OF THE SEVERAL ROADS
~ THE PooL-ABoLuoN OF CONTRACTS.
To the Eduor Of The TrfbPHe:
SIR: The recent strikes have awakened snch
am interest III everything pcrla mug 10 railway manage
mcnt that account of the present relations when
the great trunk lines sustain anothcrm not
bc ami>s. II is known, a general way, that the long
strife between the leading lines has been recently ended
ana strong hopes arc entertained o better era IN rail-
road management - tie ro&is b'-in TO recover
from the disastrous al cts of the freight war of ls7G
Already the silver lining has begun TO show upon the
black Clouds and thc next IL il be one of peace VIII
maEc different showing the stocEhold II than did
its unfortunate predecessor Since last January the
managers OF te trunk lines have been maxim: strenuous
efforts 10 settle cir differences not 90 repeat tne
experiences OF tie year prcy5us. The Whole root oi
bht lay in the pcrtinacity wish when ihe Baltimore
and OaiO Railroad Company demanded advantages on
account of geographical position, its eastern terminus
hiring 800 miles nearer the scaboard than the tcIdni
of the other roads. Is claim Wa. therefore, That
should have In alyans,so in aly common rat ce alb
shcd 10y the lines JOINTLY, In Consequence Of te strife
cuceuder,d by te reus of tha otuer roads to recog
niz. the cl,m Of tr Baltimore aud Ohio road. they all
began csri ug irceats at ratos watch OF 10 paItc
ular ADVANTAGE a. either roaI, and SeIe material
20 The interest 0t The communities whence came telr
bn,in,s, The war assumed suci proportions finally
a. cai.st serious aa.n among M OF the railroad man.-
GERS and the rec less Inaan.r D " ea j. Wa, cS1'u ou
threatened the very existence o. tle roads ia-iiF,
through tine efforts .f ca tho coI'i-5o~dco few
months ag1 council was hold anj l1 means of mutual
concessions Oh arrangement was made hy wbirl com
mon rlfe was established for an tlo Lnfs Tue iai-
more and Oaio road given The advantage prop'i-
uors.rly, OF tAe relative ain .euco between western
points .nd Eow-IorL AMI PliiaioioAii.
The most important OBJECT accomplished EoWeyc',
wss The lual.ng u aIooinf Grlau-cmcnt by which "n
equitable .i,ion " earnings could Pc made lLN Wcut
into or ration i'm tne spring carly and has worked sEt
ftcfjry AMI with the best results. Ihis is an agreement
Of 4xci rates. in which fair regard is paid 20 4
btere.ts Hsyiu- sothcd tie differences with Die l"t-
moro and Ohio road and having established the pooling
systcn tAt attention of the managers was next directed
20 the raising 4 freight rates. large 1umuor o. ncint
contracts bad been made under the Old and vicious rebate
systcu aid at an almost nominal rte. and Seie tlc
cause OF ~res loss These cancelled as rapidly as
possible anI on jas. Tuesday, July 3d. ihe balk Of them
went out Of existence. with tie death " the contract
system there VIII disappear aso the bitterly complained
Of evl of freight discrimination. These contracts have
greatly decreased railroad earnings, and have hung like
inu usone upon thc roads. The pooling contract was
made for and applied only 20 West bound freight and The
Nes-Yora terminus made the basis from w-ica tine
percentage OF each was determined. The four great
ruuS lines were ia tlc agreement, and by Us teln, tie
following division OF business was made;
,c, yor,, Central H. r.. 85 PENNSYLVANIA salro.4 ~ "a
Emo 50 i.a.tiuor H.. 10
The diyIson with the last two roats made In
corfance with the amount OF freight relatively, West
bound from Baltimore and Philadelphia. Mr.. Albert
Fms gentleman of large and varied experience in la
,oad MANAGEMENT. was given charge Of tii. pool ard
ipaer his oniscnt care the system has been simp flied
and made 10 work most Rat ,actoy. constant el-
ort Is being made by the managers of the trunk lines To
unite tc freight business OF NeWEncand by means o.
ao Boston aud Albany and Hoosao Tunnel routes bat the
co0ptiatou Of the Grand rruaA road OF Canada is
quired and Is dcu, 90 obtain This road has hereto
fore been the Ismaeite of The Eastern roads every
body hand against IT, aLd its hand againsi every body
Its cooperation secured. arrangement could bc made
that would be o. the greatest advantage 20 te business
cf New-Encand There are great hopes now OF an az
rangement oeug made by which, with ihis road assist
ing all the sea-board cities from Baltimore 10 Portland
NAV receive the benefits of the pooling
In the mean while the Western ioads have been
eacci in iocoGcing tlrr differences, ami they nave
ended Tie wars whch were proving SO expensive Since
the Eastern pool formed they have made similar
compact, by which ai Eastbound freight IS divided IN
lkc manner and 1t has met with fully as Gatterlng
success The various lines are united and har-
mouous and dividing their earnings IA such
uef promise larger returns for the stockholders
than they have heretofore enjoyed Railroad managers
have 10 realize tAat no rates prof able That
not permanent and uncAangolbc, o. that the public g.
best served by lNed rates. that, while they may be
low will guarantee reasonable profit above the actual
cost OF transportation The struggle FOR that raslye
thing called the future business has ceased, and rail-
road managers beginning 20 realize that it is
potic to take proper OF present business than
10 worry over that to come. The Changers H. the West
have EXPRESSED anxiety 10 the pooling move
u,cnt and some OF The more easily alarmed inclined
TO think that y renewal Of tho oppression from
which they suffered much several years ago Such
fears are unounded for II very high rates
contem plated there eiIectdn OF checking
them 10y the facilities offered through other channels
Thcsc the Chesapeake ana ONO roads, and the great
lakes and Ee canal on the latter the rates o. trans
portation tins have been appalingy low, and
The railroads have been poweTess TO meet them. fair
rao OF freight on railroads wOud help the lake
fnerce and would DO Of ncseuable benefit 10 all the
sea-boaid towns and cities having relations Will either
Cleveland ONO Aug. 3, 1877. Il.
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The secret of running boarding house
prn1taby fnd out just what your bOardcrs don't
Ike, aud then feed 'ein lots OF H.
G..I