New-York tribune., 1877-07-09
A SOUTHERN FREIGHT POOL.
ATTEMPT TO FORM \ COMBINATION.
THE RAILWAY AND STEAMSHIP INTERESTS INVOLVED
INCREASE IN RATES PROBABLE.

THE RAILWAY AND STEAMSHIP lNlEEtslo INFol'' lii
INCREASE IN RATES PROBABLE.
The agents OF the SOuthren railway and
steamship lines have yet Completed the agreemect
for uniform freight charges. few OF tie steamsP men
holding of on questions OF minor Importance FROM
Loading steamship manager reporter Of IHB TRIBUNE
learned that tie proposed scheme is not fdvoraDy
received among the managers Of lines OF steamships not
controlled by corporations. He said; ZINE TACT is' 'ho
corporations have steadily losing money for years
and now when millions OF doll RS have been wasted they
are very esirou Of improving their snken fortunes b.
system of pooling which Will increase freight rates l
have very little confidence the of thS last ven
re for the contract will be scarcely signed before II
y, he broken some agents cannot decline frcshts on
any tcrms and rather than see 1t leave them they VIII
rn their backs upon their solemn requirements ana cut
rates"
The proposition for combination OF steamship ana
railway corporations, it is stated. from the Iai-
way companies, which have been pooling for year on
ali lines west OF tho Arehcnes. The first proposition
for the steamship lines to JON the railroad combination
WAS declined, the former insisting tat IL any arrange
ireut i'm that direction agreed upon the steamship
lines would form port Of their own. TINS was con
ct.d ana virgil Powers Macon, sent uere, Win
authority to act on behalf Of the railway ines lie Is
General Commissioner Of the Southern Railway and
steatnslin Association aud obtained pledge that
the railways Will place in his hands 20 per cent ot their
earnings as guarantee OF good aith' the pehay lof
n violation by any line being forfeiture OF the money
advanced lie represents the Charleston Steamship
limo t.o savannah steamship Line, the Old Dominion
steamship Line the Port Royal Steamship Company,
fine Atlantc Coast Line and the railways leading from
Savannah Charleston and Macon.
Said onother manager: Z" "Freghts are lower to-day
,u they have ever been before, ANA, IN act are Tue
cpcne.t ting IN the world. Cutting nas been gong cn
Continuously for years though frequent cOmDati0h5
nave bcen formed II lhis tang con lnueS nch Ohgor,
I mn, ,ss a suecdy and permanent check IL put upon II,
,,v o IA. cumIan!es W.II be forced out OF business
sfroy the smaller OF course each line Is regard
cd nv lis managers leading aud foiini ane one Dt
confaI will be the test, and IN the END some 0i he VIA
@ to lie wall" Iu regard the rate OF feighs, tue
ucmen added: FrcIs shts are so low now thdt IL i
almost impossible to pay the expenses Of carrying, ana
further reduction Only result IN losses when lew VI
the companies can stand . ,,. a., n,
me rea object Of this cOmbinaton, said the Presi-
n f one of the largest Southern lines " OF COURSE Is
o secure better line OF freight tariffs 10 he Kept up the
,car rouud We are trying by the present movement 1"
lin the sent OF all the companies, ANA ii All bul Few
,,roc then we Will every endcaNOl 10 crush OUT
6asc Uho resist With uf tue lines II Is question
oT success or Dankruptcyan increase III rates alone VIII
save them" ,,- - - Ia. az, ,o,,,,,
The increase by the schedule now under consideration
ii n IA understood about Is per cent, AMI TIE prob
,hitv il that all the lines DONG Southern business VIII
oter nto the uo Of the members ol the commit
zoe having the matter in charge are absent from the city,
ana ,rnou their return another aud final meeting Will
n beld and their report Will be subnted. IL Will fe-
,Id an Increase of frelgts 10 all Southern
minis ami in addition to signing the artces OF agree
sung in forfeiture III case oi Violation vi the COIN