, 1877-04-29
COMMERCIAL AND POLITICAL VIEWS or TIL
SON or HIS FATHER

I COMMERCIAL AND POLITICAL VIEWS or TIL
SON OF HIS FATHER
Last evening TRIBUNE reporter sent up his car
TO Mr William II. Vanderbilt aud was at once invite
to Paror o. Of the GRIND Pacific Hotel, where he ha
| made himself at home orthe present. Nr. Wander
bilt wears heavy black side whfskers, and his ap
| pearauce is rather striking. He ia reu,askabl
man. but totally free from atfcctation, and a mos
| interesting conversationalst. He received Tn
TRIBUNE representative with becoming courtesy
and sort Of rambling conversation tool
stance: Mr. Vanderbilt was surprised q
the enterprise Of the Chicago daily press and salt
,hat t wss @ f9iiy equal 4 not superior to that
especially TIE Tn1BuxE. went far ahead Of any
Sunday newspaper published in New York. Ths
amount Of adyertislng 1t contained aud reading
reporter said:
+tDusiness is certanly looking up. and the pros
pects for trade certainly much better than they
were. Onr local crrrylng-trade has largely ill.,
creased, which is certainly good index 10 judge
But we have had pretty hard time here this
winter" said the reporter.
~ know 1t, - responded Mr.. Vanderbilt; ssbut
it has been no worse In Chicago than anywhere
else. You have more elasticity In your trade than
any other city in the country. The same enter
ing men to Chicago has rebuilt its city ajncc 1871,
and has restored lis business and carried 1t through
Chicago Is enterpsslng, and, unlike vt. Louis, It
has push and vim in it. as we'll as intelligence
Here the conversation took another channel. and
What do you think of President Hayes policy
The policy OF the President is having good
effect upon the country, But TINT is political, and
you 1;now am not IN that line"
sBuL yon are citizen whose views should be
tion."
a smile passed Mr.. vanderbilt's face, and
~ think that the policy OF President Hayes fs
GIVING UNIVERSAL SATISFACTION,
and only hope It may prove success. ~
Here the reporter took another tack, and oueried:
VIII there be much Of a rise in freight rates:"
III there should be a great rush Of business in
ali the great interests should have YEA chs chance t to
have an equal share in the prosperity, il 1t comes
The water and rail interests hare been working for
general prosperity Thc arrangement tn naaie BY BY
the ,: railroads Il. pads IN Rew York month ago must re-
duee1ne6t to deviate from its requirements. Is
no two constructions can be put upon the agrce-
Tsfe On the par to ., be all gssa as
better to the ahareholders You know that 't, tic
railroad interests and those 0; all classes OF bus-
ness are mutual. One cannot get along without
n the other; one cannot prosper without The other
ron, coal, nor grain interests can now live and
prosper without The railroad interests One is too
much dependent upon the other.''
WI! there be general rise, do you think, in
1T would be foolish policy to raise rates be-
at least. It won1d cause q great reaction, which
would prove injurious to The railroud interests.
Ihefe u sufficient conservatism to check any such
movement. The railroads have had exDerfence
kind w 4'' 4'' As'''n o' 'na'
there has been great advance in the price
This great advance In grain does not prove any,
oscalse It Is largely speculative 1t does
correspond with the rise The prcscnt rise Is owo ~
Ing mainly to speculation. The mere changing Of
hands OF grain In elevator here
IS NOT HEALTHY RISE,
NOT as much Us il it was being moved to 1hc sea
board. Take wheat, for Instance. ct 81 7pI
and ID corn at 51!z cents: We should I'd Ii eet
s
II Is the same with flour. II there is a rise. we,
too n should have profit Il there is large carry
[hs .; ; Law OF eupp'y and demand. We look upon
1htea.os S interest as our interest Asshe nrnss
pess ~s must e necessity share in her prosperity.
With ai the decrease in prices during the nast ve
:o;a3ntsy s;31asyy has endured the past three. oar M
ol"lthstandins that transportation has been car.
eu n On on exceedingly low rutes In the ten years
the we eonnt1S M' soc IT, ;se
sii dnu of years in every decade. and this hns
zen No exception to it. Our country Is being de-
e.opea: and we are certainly Improving. The
wv ~. sates OF transportation and Competition has
adsea ~ @ tns railroad companies to study economy
no zee Where expenses could be lopped Oh. We |
n our roads, hare practiced economy. but W
ave ave coan en1savoTed to maintain them in drst-
Q economy tn let properly deprectate and T. rnn ~
own: Aii our railroads are in splendid condition
40 the increased business which ne EXPECT II
Il, y eoratEy prospers. which we ate in Hopes it
". The farmers last winter made all the maner.
N.nS 10 10" 1retghts on grain, which has been
1cgnt .g ey epcculators. and which Is now mainly I
e now 10Y, in condition that a general European ,
~ ~ vi VIII oenehf us largely. The crops throughout
1 sau!n;.fy passed through look splendid, and
pec'auy Is this the case with wheat, t
FARMER HARMS, /,
A BILL FUR An N1uscr1oy,