The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1877-04-06

DETERMINATIONS IN FAVOR OF BALTIMORE AND
PHILADELPHIA--No MORE CONTRACTS FOR
FoREIoN THROUGH FREIGHT AT LESS THAN
THE ESTABLISHED LOCAL RATE.
Tho following agreement made yesterday be-
tween the four grand trunk routes to the Atlantic
coast aud promises, least, three months truce
after the long continued squabblo freight
Mr. William II. Vanderbilt signed for tho New York
Central and Hudson River, Mr.. II. j. Jewett Tor tho
Erie Railway. Mr.. Thomas A. Scott Tor the Pennsyl-
vania Railroad and Mr.. John W. Garrett for the Ba
more and Ohio:-
THE AGREEMENT
Memorandum Of agreement madc this Nth day OF
April, 1877, between the New York Central aud Hud-
RIVER Railroad Company, Ere Railway Company.
by H. j. Jcwett, recover; the Pennsylvania Railroad
Company and the Baltimore and Ohio Railroad Com
panv wItnesscth. 10 avoid all future misunderstood
ing respect 10 geographical advantages or disad
van,ages OF the cities Of Baltimore Philadelphia aud
New York. as affected by rail and ocean Transports
tIon with the Of enecting nm equalization OF
aggregate cost OF ra and ocean transportation be-
tween all competitive points In the West, Southwest
Northwest all domestic and foreign ports reached
through the above cities, 1t IS agreed
Frst-That IN lieu OF the percentage differences here
toior. agreed upon there shall 10 .Hxcd differences
upon The rates all east bound traffic from all COM
pettivc points beyond the western crmlni OF the trunk
iines whether on freight shipped locally and alter
ward exported or shipped Tor direct export These
differences shall be as foilows-Threc cents per
hundred to Baltimore, ana two cents less per hun
bred Philadeph than the agreed rates established
from time time to New York, aud all such rafic
shall be billed rates thus fixed, and export
other drawback shall be paid thcreon being further
agreed the cost to the shipper delivering
at each port from the terminus OF each Of the roads
the vessel which Il is exported as we'll as the
Der OF days free storage allowed thereon shall be tho
same.
Second-That The rates to Boston shall at time DO
less than those TO New York domestic or foreign
freight
Th,rd-Should rail and ocean steam through bill OF
ladng be issued neither Of the parties hereto Will
ccpt as It's proportion less than current local
to lis scaboard crmiEi. But joint rail and
sail bills Of adhg shall be gwen or recognized by the
parties hereto.
Fotrfh--rhat on all West bound traffic passing over
points at east Of their respective Eastern termiIi
10 all competitive points west northwest or south
west or their Western tcrmn the differences IN rates
from Baltimore Philadelphia, below New YORK, shall
third Glass; fourth class aud special be the same
the differences liked on East bound buslLcss, and on
first ana second classes egnt cents less per
hundred from Baltimore cents less
per hundred from Philadelphia than the agreed
rates IRON New York, and that after exist
ing contracts governing foreign business can DO
neither OF the parties hereto Will accept
its proportion of the through ocean steam aud sail
rate less than the established local rates.
Fyth--AlI agreements inconsistent herewith are
hereby annucd
In witness whereof the parties hereto have affixed
their SIGNATURES the day and year Aforesaid TO tins
agreement, which intended TO be permanent; but II
either party desires modification three months Doticc
must be gwen OF such desire, said modification TO be
made by mutual agreement