New-York tribune., 1877-08-30
OFFycI4L REPORT VIEW YORR MfvfvG ST'cf 8X'
CHANGE SALES AUGUST 20. 1871
srcovD DoApD-1:3O p. N.
WrnNRsn,Y. Anc. or. VI.

The apportionment scheme Of the trunk lines
which is neither more nor less than combination or
"strke"of the railroads against open and free COM
petition does not seem to he working satisfactorily
10 Western merchants who buy merchandise IN New
York The T0ledO Commercial mentions several cases
of hardship which have occurred by goods being sent
bv different route than that ordered by the ship
rer. but a single case will serve to show the auto
cratic power assumed by Commissioner Fink:
M Cbanncy the largest dealer in groccrc, in Peoria.
ordered s0ne sug from the East, ana directed IT. oNr
the r. r and W Road, as H. does all his Goods. Every
named road. is offices and snOp, ar situated N
their citv The freight contractor OF the r. T. aHd W.
R ad had received notice tnat freight WOuit MOI be
allowed be shipped over MS road by the pool mag
nates and therefore took t1e order. Ihe goods woe
s,nt over tle Baltimore and OHIO Road, however by the
order Of NJ Fink, since the b. ana o. h3d not received
ITS full allowance Of business. By roundabout way
hey finally reached Peoria over week late Mr.
1 i 'aiS rcr ~ ed nv ods over your road but Ety
behind tGe that lost by them feel mat since the
roled0 Peoria ANA Warsaw refused carry my goods
and thus lost me much money AIN entitled to damages"
And the result vas that damages were paid him
The CONNIE, CiqI. in commenting edltorially upon
the subject says:
The blic conscience and National and state authority
have been besousnt-.,nd we are glad TO know not ia
va-to intcrpOse for the protection OF these very rail-
y,avs AGAINST tle mwa1rantable assaults Of combna-
tions of employee The classes united in pro
test AGAINST such, wrong against the railways and
now bc INDIFFERENT when they see those very roads
bmug in arbitrary for the promotion OF no less
unwdI1antable ends We think not.
The Commercial asks, WHAT'S the remedy" ltrests
with the merchants who are interested to apply the
remedy already IN our statute books There is no
doubt, because 1t has been decided by the Court Of
Appeals-that combination Of two or more per
sons or corporations to fix price for any article Of
necessity, or rate for transportation,~is as I'M
lawful as one to regulate the price of labor.
It Is true the "apportionment pOoT does
not destroy property like the Pitisburg strikers,
but the arbitrary sending OF freight by
circnitous routc, against the orders Of the owner,
thus causing loss Of time. is the next thing to
destruction of the property. And in every case of
the kind-no matter what the railroads may have
printed on their bills of laIng to avoid it-an action
tor damages actually sustained will be successful in
the Courts. The railroads are common carriers, and
are compelled TO take freight and deliver it at any
point on their line to which it may be con-
signed. . The matter of remuneration for the
same may be a subject of negotiation, and
iu this and most Of the Eastern States the
company may X an arbitrary rate, SO long rs IS not
done IU a combination. in this state particularly,
There IA no necessity for further legislation to
Eca and omen copDefitiop An application Of the
law az il stands viii be as titectIal against the
STRIKES of railway kings as II recently proved
against the strike 0i railway employees.
The stock Market to-day. IN the early trading
responded TO the threatening character Of the re-
ported financial situation at Chicago. Prices all
opened lower and declined until Lake shore sold at
G02l Central and Hudson, at 993s; Michigan Cen
trail M 5312 North Western, at 20li; Preferred, at
ssh St. Paul, at %; Preferred at 81; Rock Is
land, at 9Sl2. and Western Union, at soil But
later when it was discovered that no further
immediate tgoublo was likely to occur beyond
the suspension of the State Savings Bank,
The market improved under the leadership Of the
SARATOGA party that at the end pri es Were up TO-
and in some cases in advance Of those at tie close
Yesterday. Rock Island, however, was an cxcep-
ton being influenced by 2 reported serious accident
upon the road. Relative To the situation AZ Chicago
telegrams state that all the savings banks, except
the State are enforcing the time rule uIOn their
,depOs0rs. except in cases of apparent urgent neces
sitv. This action, OF course, prevents the pOSsiDli
ties of runs and gives the baHks time to realize
upon theTasscts IN of any unusual notices of de-
maud being served upon them. ButitdOes not change
the facf that our sto, market j. the subject of
gigantic speculation. which is employing greater
amouat of capital than at any previous time IN
years. TOdar il is rumOred that y leading operator
has gwen notice to his brokers that he VIII take up
his Lake Shore, and the story proceeds to say that
the funds obtained by the hypOthecati0n Of llar
lem Railroad bonds This, il true, makes the Lake
Shore thus held no less spe uaye stock than if the
money was borrowed directly on 1t instead OF on
Harlem bonds.
The total transactions Of the day run up TO 20J,-
300 shares, AID the subjoined table shows the
RANCE or THE srOCb MARNET.