The New York herald., 1878-11-10
THE FREIGHT POOL.

IMPORTANT ACTION OF THE WESTERN RAILROAD
MANAGERs-FIvE PER CENT ADVANCE ON EAST
WARD BOUND FREIGHT-NEw POOLING POINTS.
Representatives Of forty more Western railroads
assembled at the Windsor Hotel yesterday morning
mainly for the purpose Of discussing the proposed
system Of pooling oil their earnings the transpor
tation Of eastward bound freight. This subject has
for long time engaged the attention Of anxious
directors, as it has seemed to suggest the only
solution Of the difficult problem Of profitable
railroading. 1t is. however, very intricate one.
and the conclusions necessary to form basis for the
new arrangement can only be arrived at after long
and aborious investigation and the careful COMPARE
son Of statistics Of the business 1t is claimed by the
the shippers, as it would insure them reliable and
permanent rates instead Of those they now have,
which 30 frequently fuctuate. The fact. however.
seems to be that it will place them still more hope
lessly at the mercy Of great monopoly, which will
be strengthened by the union instead OF being weak
ened it has been by occasional outbursts OF bitter
rivalry.
PROMINENT RAIIRoADEns PRESENT.
Mr. J. N. Mccullough. the vice president Of the
tive Committee of the Western managers, presided
over the deliberations. The following prominent
railroad n meh the nerve ee
president of the Pennsylvania Railroad; John King,
Jr. vice president OF the Baltimore and Ohio; W. 4.
Vanderbilt vice president Of the New York Central;
A. L. Hopkins general manager of the Wabash and
Western j. H. Devereaux president OF the Cleveland,
Columbus, Cincinnati and Indianapolis; John New
ell general manager Of the Lake Shore H. b. Led
yard general manager of the Michigan Central and
John Il. Simpson, general manager of the VandAlia
line.
THE BASIS or DIVISION.
In the discussion various suggestions were made as
to the ratio which should be established for the div
sion Of the earnings that to flow into the common
treasury. BY some division the basis of the
present business of each line advocated; by
others adjustment by mutual CONCESSIONS; and by
still others apporonment by arbitration. The d.
vision the basis of tonnage seemed to meet with
the most favor The plan contempates the APP
pointment of general commissioner to manage
the affairs Of the pool. 1t was agreed that
commission should be appointed to gather and ar
range the statistics necessary to proper understand
ing Of the matter, and the naming of the members
was delegated to the Executive Committee of the
Western managers Other committees were appointed
to consider and act upon certain minor questions
nected with the scheme. The settlement Of the ratio
division of proceeds referred to the managers ut
the respective pooling centres. to whom the short
railroads must look for their special arrangements
Skw POOLING POINTS.
The following additional pooling points THAT Ia,
points for the division of the freight) desg-
mated Evansville. Ind: Cairo. ILL.,: Terre Hsute.
Ind. Logarlsport Ind. !; Pekn LII. Columbus, Ohio;
Toledo, Ohio; Detroit, Mich; Port Huron, Mich;
Cleveland. Ohio, and Joliet, Ill.
II determined TO advance the rates Ave per cent
on all eastward bound grain and freight Of the fourth
class. this change to take effect the 25th of the
present month The westward rates not altered.
The meeting harmonious throughout, and ut
twelve clock it adjourned.